Animoca Brands recently became a node validator on the Chiliz Chain to bolster the blockchain network’s stature in entertainment and sports.

By taking on the responsibilities of a chain verifier on Chiliz, Animoca Brands strengthens its impact on the SportFi ecosystem, supporting and enhancing sports brands through the power of blockchain technology.

We’re pleased to join @Chiliz's #SportFi ecosystem by becoming a new validator on the Chiliz Chain, aligning our #blockchain innovation with Chiliz’s initiative to boost fan engagement & monetized interactions in the #sports sector.
For more details: https://t.co/C2oTia8KxA pic.twitter.com/kKZkKcfbaq

— Animoca Brands (@animocabrands) November 14, 2023

Shaping the Web3 Sports Arena

Chiliz Chain is rapidly making its mark as an essential hub for sports brands with Web3 initiatives. The blockchain network offers a productive environment for developers to implement and receive groundbreaking SportFi applications. 

As such, the platform already boasts a user base of over two million, more than 80 fan tokens from esteemed football clubs via socios.com, community apps, asset management solutions, numerous Metaverse-run sports games, and virtual sports collectibles. 

Incorporating Animoca Brands into its ecosystem signifies a critical turning point in Chiliz’s mission to become a premier, cutting-edge blockchain platform for entertainment and sports. Animoca proudly leverages the blockchain to develop sports and entertainment games and products, backed by more than 400 Web3 investments.

As the two Web3 powerhouses collide, the GameFi, SportFi, and DeFi sectors can anticipate exciting, innovative developments ahead. 

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post Animoca Brands Validates Chiliz Chain to Power SportFi appeared first on NFT Plazas.

Yuga Labs — the prominent NFT company behind remarkable projects like Bored Ape Yacht Club and CryptoPunks — is excitingly collaborating with the leading cross-chain NFT marketplace, Magic Eden, to introduce a marketplace before this year’s end. 

Ending 2023 on a positive note, what will set this marketplace apart from the rest is its steadfast commitment to enforcing creator royalties, pioneering as the first top-tier Ethereum marketplace to uphold such standards. 

Planting something new for all creators.

We’re partnering with Magic Eden to launch the new Magic Eden ETH marketplace – the first major ETH marketplace contractually obligated to honor creator royalties.

The marketplace will launch end of 2023, more details soon. pic.twitter.com/iDrBM46nHk

— Yuga Labs (@yugalabs) November 4, 2023

Overriding Creator Royalty Woes

Creator royalties are an ongoing debate, spanning back as early as 2021. Industry-leading marketplaces like Blur, OpenSea, X2YE, and even Magic Eden, among others, have switched between mandatory and optional creator fees to none whatsoever.

For this reason, Magic Eden is facing backlash on Crypto Twitter, with some users stating the company has played a crucial role in complications arising from royalty policies.

A lot of talk about Magic Eden being part of the reason we ended up in the royalties mess in the first place, but personally I’d rather see companies pivot and be part of the solution rather than go under or fade out.

Rectifying mistakes is something we should be welcoming -…

— BETTY (@betty_nft) November 6, 2023

Nonetheless, Yuga Labs is no stranger to advocating for royalty fees, leaving OpenSea as a consequence of the marketplace ceasing enforced creator royalties. Sticking to its guns, the Yuga Labs-developed marketplace, co-created with Magic Eden, will emphasize ownership and continuous earnings of royalties for artistic creations. 

Honoring royalty payments will be non-negotiable. The ecosystem will only spotlight projects that share the same principles, ensuring all creators receive fair compensation for their creative endeavors. 

As the two Web3 powerhouses unite, this highly anticipated marketplace is poised to set a high standard, fostering an environment that is significantly more advantageous for NFT curators. 

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post Yuga Labs and Magic Eden Teases Royalty-Friendly Marketplace appeared first on NFT Plazas.

India Blockchain Week 2023 (IBW) is preparing to transform Bangala into a hub of blockchain-centric innovations and discussions on December 4-10. 

The flagship IBW conference will take place from December 6-7, amidst seven days spotlighting groundbreaking Web3 happenings in collaboration with ETHIndia, Polygon Connect, and additional engaging experiences. 

Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post India Blockchain Week 2023 to Stimulate Web3 Innovation appeared first on NFT Plazas.

In October, the cryptocurrency marketplace witnessed a tremendous price surge in Bitcoin. The NFT market has showed signs of recovery, with 15.2% increase in monthly trading volume and unique users. Find out the ins and outs of the market as a whole in our October Monthly NFT Report in collaboration with Footprint Analytics!

October NFT Market Shows Signs of Rebound: Further Positive Developments Await 

In October, Bitcoin witnessed a significant price surge. As a result, the NFT market showed signs of recovery, with a 15.2% increase in both monthly trading volume and unique users. While these October figures demonstrated improvement compared to September, they fell short of the levels observed in August and previous months. Therefore, it is premature to conclude that this signifies the start of a market recovery. The industry eagerly anticipates further positive developments that extend beyond the influence of Bitcoin.

Data for this report was obtained from Footprint Analytics’ NFT research page. An easy-to-use dashboard containing the most vital stats and metrics to understand the NFT industry, updated in real-time, you can find all the latest about trades, projects, fundings, and more by clicking here.

Key Points

Crypto Macro Overview

• Starting the month at $26,967, Bitcoin demonstrated a substantial increase of 27.9% over the period, ultimately closing at $34,497. 

NFT Market Overview

• Supported by favorable trends in the broader crypto market, the NFT market experienced an increase this month.
• The Blue Chip Index witnessed an upward trend in September, with an increase of 14.4%.

Chains & Marketplaces for NFTs

• Ethereum continued to dominate the NFT market’s trading volume with $421.7 million, accounting for a significant 98.7%.
• LooksRare faced a drastic decline as its trading volume plummeted by 97.8%.

NFT Investment & Funding

• In October, the NFT market maintained a slow momentum, with a single funding round totaling $5 million.

What’s New? 

• LooksRare updates token economy model, allocating future fees for token buybacks and rewards.
• Fantasy horse racing startup Game of Silks raises $5 million.
• Germany’s postal service will issue limited edition NFT stamps.
• Institutional NFT fund Spencer Ventures plans to purchase 144 Pudgy Penguin NFTs from Three Arrows Capital  (3AC) Collection.
• Yuga Labs to focus on building Otherside following restructuring.

Crypto Macro Overview

During October, Bitcoin experienced a notable surge in price, surpassing the performance of both traditional assets and other cryptocurrencies. Starting the month at $26,967, Bitcoin demonstrated a substantial increase of 27.9% over the period, ultimately closing at $34,497.

Ether started the month at $1,671 and experienced a relatively moderate increase of 8.3% during the period, ultimately closing at $1,810.

While technology stocks faced downward pressure, Bitcoin stood out by defying this trend. On October 16, the price of Bitcoin experienced a significant increase, reaching nearly $30,000. This sudden increase was triggered by a false report from cryptocurrency news site Cointelegraph, claiming in a tweet that the SEC had approved the first spot bitcoin ETF. However, the post was later deleted after BlackRock clarified to Bloomberg that their application was still under review. As a result, Bitcoin’s price dropped to around $28,000 by the end of that day.

Following the incident, Bitcoin received support from growing anticipation for a spot ETF offering in the US market. The SEC chose not to contest the recent ruling in favor of Grayscale by the DC Circuit Court of Appeals. Grayscale’s filing, along with other filings for spot bitcoin ETFs, now awaits review by the SEC. As a result, the price of Bitcoin experienced a notable upward trajectory starting from October 23 and remained near $35,000 until the end of the month.

NFT Market Overview

Supported by favorable trends in the broader crypto market, the NFT market experienced an increase this month. The total trading volume for October amounted to $427.2 million, marking a 15.2% increase compared to the previous month. The number of transactions remained steady at 1,039,735. Moreover, October saw a rise in the number of unique users, reaching 281,359, representing a 15.2% growth.

The NFT market maintained a steady daily market cap of approximately $4.5 billion throughout the month, while daily trading volume experienced an upward trend.

In October, the NFT market witnessed a buyer/seller ratio of 136.1%, marking a 33.2% increase from September. Throughout the month, there were 187,644 buyers and 137,845 sellers. Notably, the number of buyers rose by 26.9%, while sellers experienced a 4.0% decrease compared to the previous month. Although the data for October showed improvement compared to September, it fell short of the levels seen in August and previous months. As such, it is premature to conclude that this marks the beginning of a market recovery. Further positive developments beyond Bitcoin and Ethereum are eagerly awaited.

The trend of daily buyers/sellers and unique users remained consistent, with a modest increase observed between October 15 and 18. According to Footprint Analytics, two protocols, OpenSea Shared Storefront and AI-success on Polygon, experienced a rise in internal transfers.

The Blue Chip Index witnessed an upward trend in September, with an increase of 14.4%.

Blue-chip collection Pudgy Penguins gained attention when it launched a toy collection in 2,000 Walmart stores last month. During the last week of September and the first week of October, both the floor price and trading volume of Pudgy Penguins experienced significant increases. On October 7th, Horlomite Research raised concerns on social media platform X (formerly Twitter), alleging that Pudgy Penguins CEO Luca Netz used funds from “100% from four rug projects” to acquire Pudgy Penguins, providing on-chain evidence. Luca Netz promptly responded to these allegations on X. Despite this incident, the collection’s market performance in October does not appear to have been negatively affected.

Apart from Pudgy Penguins, the Winds of Yawanawa collection also gained significant attention. Introduced in July 2023, Winds of Yawanawa is a collection of 1,000 unique Data Paintings that utilize weather data from the Yawanawa tribe’s village in the Amazon rainforest, including wind speed, gusts, direction, and temperature. This collection aims to preserve the cultural richness of the Yawanawa by bringing their art to the digital realm. Recently, on October 11, it was announced that The Museum of Modern Art (MoMA) has acquired Winds of Yawanawa as a permanent collection, making it the first Generative AI and tokenized artwork to be welcomed by MoMA. Following this exciting news, the NFT collection experienced a significant increase of over 50% in both floor price and trading volume, as indicated by Footprint Analytics.

Chains and Marketplaces for NFTs

In October, Ethereum continued to dominate the NFT market’s trading volume with $421.7 million, accounting for a significant 98.7%. The trading volume saw a 15.9% increase compared to September. But still, the trading volume in October was the second lowest in 2023.

In October, Ethereum saw a decrease of 3.8% in unique users, attracting a total of 130.5K. On the BNB Chain, there were 17.5K unique users, experiencing a significant decrease of 44.8%. However, Polygon witnessed a notable increase in unique users, reaching a total of 142.2K, which represented a 51.8% rise, approaching the numbers seen in August. Despite the trading volume’s 15.2% increase from September, there were no clear indications of user engagement recovering.

When it comes to NFT marketplaces, Blur continues to dominate with a significant market share, boasting a trading volume of $198.1 million and capturing 46.4% of the market. Opensea, on the other hand, experienced growth in October, with a trading volume of $176.7 million and an increased market share from 23.2% to 41.4%. However, LooksRare faced a drastic decline as its trading volume plummeted by 97.8% from $71.8 million in September to a mere fraction in October, resulting in a market share drop from 19.3% to 0.4%.

LooksRare implemented a significant update called “The big LOOKS tokenomics update” on September 29, 2023. The update introduced changes to fee distribution, with 50% of generated fees going towards buying back LOOKS tokens from the market, 40% being allocated to the Treasury, and 10% being earnable as LooksRare Protocol Rewards. As a result of this update, trading rewards were discontinued, and the LOOKS tokens previously allocated to trading rewards were redirected to the Treasury. These changes likely contributed to the crash in LooksRare’s trading volume and market share in October, as user activities decreased significantly and wash trades became scarce.

In October, NFT marketplaces displayed varying performance in terms of unique users. OpenSea maintained its dominant position, attracting a significant user base of 245.0K unique users, representing a 29% increase compared to September. However, this number remained lower than the user count in August. Element, on the other hand, experienced fluctuating numbers, with only 20.3K unique users, marking a significant decline of 50.8% from the previous month.

NFT Investment and Funding

In October, the NFT market maintained a slow momentum, with a single funding round totaling $5 million.

Game of Silks, a fantasy horse racing startup that connects NFTs to actual thoroughbreds, successfully raised $5 million this month. This recent funding round has brought their total funding to over $10 million. Game of Silks, which launched in June 2021, has established partnerships with prestigious organizations such as the New York Racing Association, Belmont Race Track, The Jockey Club, and FOX Sports’ Americas Best Racing. They have created more than 7,000 “Silks Genesis Avatars” NFTs, allowing owners to earn rewards based on the real-world performance of the corresponding horse.

The integration of NFTs with the lucrative fantasy sports industry is not a novel concept. Sorare has emerged as one of the most prosperous platforms in this domain. They have recently revealed collaborations with prominent entities like the English Premier League, the NBA, and renowned tennis player Serena Williams.

____________________

Data includes: 

• Blockchains: Ethereum, Polygon, BNB Chain, Cronos, Optimism
• Marketplaces: OpenSea, LooksRare, Blur, X2Y2, Cryptopunks, Rarible, SuperRare, Foundation, Decentraland, Aavegotchi, Element, Era7, the Sandbox, Minted 

Check out Footprint Analytics >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Footprint Analytics

Free Analytics for the NFT arena. Explore community-built analysis and create charts with no coding.

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Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post L1 Blockchain ‘Bluzelle’ to Empower the Creator Economy appeared first on NFT Plazas.

The leading FinTech conference, ‘Wiki Finance EXPO Sydney 2023‘, is on the verge of taking place on November 16. Attendees can anticipate exploring the latest innovative trends surrounding forex, blockchain, Metaverse, crypto, NFTs, AI, and beyond.

Located at the Fullerton Hotel, Sydney, Australia, more than 50 expert speakers, 100 exhibitors, and 10,000 attendees are poised to attend — spanning from startups and enterprises to investors. Everyone’s invited to gather unparalleled insights and foster collaboration with FinTech masterminds on a large scale. 

Unmissable Thought Leaders and Exhibitions 

The conference’s agenda is packed with a wide array of sessions, spanning from discussions on international digital asset regulations, South African crypto asset oversight, AI opportunities and challenges for financial services, green finance, empowering the real economy with Web3, and more. 

Notably, this year’s prominent speakers broaching these subjects include ADFSAC’s Policy Consultant – The Commonwealth, Loretta Joseph; FSCA’s Senior FinTech Specialist, Keith Sabilika; IBM’s Senior Data Analyst, Dr. Saeed Kasmani; KMPG’s Partner and Moderator, Veronica Scott, and UWEB’s Principal, Dr. Yu Jianing, among others. 

Besides engaging in thoughtful exchanges spearheaded by FinTech experts, attendees can delve into exhibitors’ resources and products, partake in engaging networking sessions, and be a part of an award presentation gala to recognize and honor pioneering industry talents. 

Forging FinTech Exposure Across the Globe

As a premier international platform devoted to hosting groundbreaking FinTech conferences and financial exhibitions, WikiEXPO hosts expansive summits, not only in Sydney but also in Bangkok, Singapore, Dubai, Hong Kong, and Malaysia. Additionally, it creates thousands of cooperation opportunities for the finance and technology sector annually. 

All of WikiEXPO’s gatherings and initiatives capture the attention and high expectations of industry leaders. Wiki Finance EXPO Sydney 2023 marks yet another impressive milestone within its history, bolstering previous editions in scope and grandeur owing to recognizing Australia as the “land of opportunity” for forex and blockchain-based enhancements. 

Wiki Finance EXPO Sydney 2023 underscores its role in sculpting the future of financial technologies, shedding light on innovations that boom and presenting unique networking opportunities. So, attend this forthcoming event to immerse yourself in the forefront of game-changing advancements within digital finance. 

Register for the event  >> Here 

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Leah

Digital art fanatic who brings a unique perspective to NFT news.

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In the NFT realm, keeping a close eye on digital assets is essential to make informed investment decisions and stay on top of market trends. Thankfully, there are tools available to maintain a competitive edge. ANZALI.io stands out as a top choice with its ChatGPT-powered NFT wallet tracker and NFT portfolio tracker tools.

Designed with user-friendliness in mind, ANZALI provides full-fledged free and easy-to-use solutions for NFT fanatics: real-time floor prices, rarity level checks, access to top trending NFT collections, and beyond.

Analyze your Web3 wallets with help from GPT..#web3 #crypto #nfts pic.twitter.com/Yg0NyO9p78

— ANZALI.eth (@AnzaliWeb3) October 6, 2023

ANZALI’s Top NFT Tracking Tools 

One stand-out feature of ANZALI includes its NFT Portfolio Manager, supplying real-time floor prices across numerous NFT marketplaces to track digital assets and stay ahead of trade patterns. Additionally, users can easily check out the rarity levels of NFTs to bolster the precision of valuation tracking.

For those wanting to check out the hottest NFT collections, the platform highlights top trending featured collections – the ever-so-famous CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Meebits, and more – presenting real-time floor prices and volumes traded. In addition to this, users can dive deep into collections data by viewing historical NFT prices, NFT data and stats across various marketplaces. Users can also view a specific NFT stats interface boasting 25+ data points for each collection in a single view.

On top of that, users can effortlessly enter an ETH address or ENS name into the NFT Wallet Tracker. Through the power of ChatGPT, this tool fine-tunes the process of gaining instant access and vital information about purchased collectibles and buyers’ tactics. Simply ask GPT questions about a wallet’s past history or performance for instant insights.

Not only do these tools give users additional control over how they assess digital collectibles and market movements, but they enhance overall experiences and decision-making capabilities when buying, selling, and trading such digital assets for financial gain. 

Additional NFT-Centric Solutions

Beyond NFT tracking, however, lies the platform’s smart contract and Web3 development services – positioning itself as an adaptable, one-stop solution for blockchain businesses and developers seeking full-spectrum solutions.

ANZALI also provides an NFT news section, keeping users abreast of the latest trends, developments, and events in the fluctuating NFT realm through crucial industry updates.

By offering real-time insights, effortless reach to elite collections, tracking and rarity-level capabilities, NFT wallet oversight, business-targeted support, and novel news analysis, ANZALI supplies a suite of tools and resources tailored to boost NFT experiences and mastery. 

So, embark on an NFT journey like never before with these innovative tools and take charge of your portfolio of digital assets like never before with ANZALI. 

Follow ANZALI on Twitter >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Leah

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The post ANZALI Sets the Standard for NFT Tracking and Insights appeared first on NFT Plazas.

Cool Cats, the celebrated NFT project most recently loved for its creative Metaverse, Cooltopia, has proudly appointed Mark Herndon for business growth.

On Twitter, Cool Cats recently announced that Herndon’s community approach and experience in the Web3 realm — notably including involvement with Bored Ape Yacht Club — positions him perfectly to broaden the project’s horizons as the Business Development Manager.

We’re so excited to announce that @MHerndon37 has joined our team as our Business Development Manager!

Mark's proven experience with web3 projects like BAYC and his passion for connecting the Cats to people that can help us grow made him the perfect fit!

Welcome Mark! WLTC https://t.co/Q4EZcaTjf5

— Cool Cats (@coolcats) October 30, 2023

A Promising Road Ahead for Cool Cats

With Herndon at the helm of business development efforts, the future looks bright for Cool Cats. His impressive track record includes professional sports, business development consulting, and community engagements, as proven through his time at BAYC. Now, he’s excited to bolster Cool Cats to “the next level”.

Herndon underlined his desire to connect with Cool Cats’ community and harness their ideas to further boost business growth. He stated on Twitter: “As I’ve learned from being part of the BAYC community, some of the best ideas come from the community. I want to know what you guys are working on and what you would like to see from Cool Cats.”

Additionally, he teased fans of the ‘BAYC x BAPE‘ collab to “just wait”, making NFT and fashion fanatics ponder about something similar being in the pipeline, but Cool Cats style. 

With Herndon’s oversight and the Cool Cats community’s collective engagements, the future looks rosy for the celebrated Web3 project as it continues to push boundaries in the blockchain-centric world. 

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post Cool Cats Hires BAYC Community Voice for Business Growth appeared first on NFT Plazas.

The popular Solana crypto and NFT wallet, Phantom, has unveiled a trailblazing feature dubbed ‘Camera Mint’, marking a significant step towards making NFT creation easily achievable with a simple touch.

Although numerous platforms enable NFT trading and collecting, the ability to seamlessly create NFTs and permanently save such digital assets has been a challenge. Compellingly, this is where ‘Camera Mint’ shines — a game-changing feature bridging this gap.

Don’t just collect NFTs…

CREATE them.

With Camera Mint on Phantom mobile, instantly turn photos and videos into @solana NFTs you can save forever. pic.twitter.com/4Ei0LpdKUI

— Phantom (@phantom) October 30, 2023

Phantom’s Seamless NFT Minting Process 

Camera Mint simplifies NFT creation, enabling even the least tech-savvy individuals to turn their media into Solana-centric NFTs effortlessly. Not only does this feature represent a revolutionary leap, but it lowers the hurdles of creating NFTs — and potentially profitable ones. 

In the past, curating NFTs provided the need for a desktop computer and sometimes a third-party service. Not anymore. Phantom has brought minting capabilities to users’ pockets, freeing NFT creators from such constraints through seamless integration capabilities via Phantom’s mobile app. 

All users need to do is upload a photo, video, or even meme or tweet (the options are limitless) from their camera roll. Then, once adding a name and description to their chosen digital file, it will turn into a Solana NFT through one simple tap. Owing to the Solana blockchain’s stellar scalability, the minting process takes less than two seconds. Better still, this service falls short of a dollar. 

Additionally, Phantom thoughtfully organizes all NFT collections within its app’s ‘Collectibles’ tab, easing accessibility for users — a particularly handy tool when on the go. 

Camera Mint’s Bonus Features

Beyond crafting visually appealing files into digital assets, Camera Mint opens another NFT realm: personal memories. Users can store their most memorable moments on the blockchain eternally, giving conventional memory-keeping a modern twist. Through this pioneering feature, the blockchain becomes a timeless hub of life’s critical milestones. 

On top of that, it offers advanced metadata options and potential alliances with creative platforms, and is sweetening the deal by dishing out complimentary commemorative NFTs to users testing out Camera Mint for the first time. These collectibles serve as an incentive, as well as a keepsake for those taking on this transformative solution. 

Camera Mint opens up numerous horizons for users wanting to partake in the NFT race, whether new to the industry or seasoned creators. So, try out this intriguing new feature to begin minting NFTs directly from your mobile device hassle-free. 

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post Phantom Rolls Out One-Tap NFT Creation Feature ‘Camera Mint’ appeared first on NFT Plazas.

Bybit‘s Head of Partnerships, Anndy Lian, has set the record straight in a recent article published on the pioneering crypto exchange’s blog, defending that NFTs are alive following recent industry-damaging claims of being dead by Rolling Stone and beyond. 

Within his insightful blog post, Lian covers the outstanding growth of NFTs — which, at its peak, hit an astonishing $10.7 billion in total market capitalization — and its downturn. His insights reveal that while the NFT market commonly experiences fluctuations, it’s still in the public eye.

Regardless of the market facing a dip in performance this year compared to its 2021 and 2022 highs, Lian covers a plethora of positive industry signs. He defends the credibility and potential of NFTs through intriguing examples, championing these collectibles as a motivating factor behind creativity, financial opportunity, and virtual cultural revolution.

Shining NFT Examples 

Lian mentions the success of Bybit’s very own NFT collectibles, ‘The Velocity Pass’, consisting of 1,000 digital assets inspired by the iconic Formula One World Championship and Oracle Bull Racing’s RB19 race car. Holders gain access to exclusive offerings, entry into raffles for tangible prizes, and complimentary NFTs from collaborating artists, capturing excitement in tandem with the race season — all made possible through the power of NFTs. 

Further illustrating the potential of such digital assets, Lian touches base on intriguing trends that have emerged in recent months. One shining example, in particular, includes Art Blocks generative artwork, innovatively created through a computer program algorithm from inputs by artists or collectors.

Moreover, he highlights industry giants optimistically embracing the NFT revolution in distinct ways, with Visa acquiring a $150,000 CryptoPunk, Cola-Cola auctioning four NFTs to charitable endeavors, and Marvel stepping into the NFT realm with a dedicated marketplace for comic book lovers being remarkable cases. 

Lian also unveils the benefits of fractionalizing digital collectibles, enabling art collectors to access and invest in top-tier NFTs more affordably, like DAO Records’ Wu-Tang Clan’s ‘Once Upon a Time in Shaolin’ album.

The Broader Perspective 

Lian’s ‘No, NFTs Are Not Dead’ article is a must-read for anyone seeking a deeper understanding of NFTs’ transformative potential and their significant impact on the online landscape. Not only does he underscore the evolving nature of such digital collectibles, but he forefronts how these digital collectibles transform ownership and property rights, removing legal conflicts and offering restored hope and faith to enthusiasts, investors, and creators alike.

By highlighting real-world examples of the benefits of NFTs in recent days, he paints a picture of an NFT landscape that continues to evolve, thrive, and inspire, acting as a beacon of optimism for all involved and interested. NFTs are alive, after all.

Read the full article >>> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post ByBit’s Head of Partnerships Asserts NFTs are Alive and Kicking appeared first on NFT Plazas.