Increased adoption of Metaverse NFTs will power the next NFT growth cycle
Virtual events, land and financial services in the Metaverse will unlock a trillion-dollar deal that will drive the next NFT investing boom. Metaverses and blue-chip nonfungible tokens (NFTs) are the driving forces behind the dramatic growth in the NFT market. Projects like the Bored Apes, Crypto Punks, Azuki, Clone X and Doodles collections have steadily attracted collectors' interest in the past year. As a result, these NFT projects have helped the NFT market achieve a growth rate of over 20,000% and a sales volume of approximately $17 billion.For an industry that once occupied a tiny....
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Digital assets have experienced a boom in the past years with new trends, such as DeFi, NFTs, and digital property, supporting a new wave of adoption led by institutional demand. These players have embraced the technology upon which they are planning to build the internet of the future, the Metaverse. In the coming years, as younger generations inherited wealth and power, every financial and business sector will need to have a presence in the Metaverse. Thus, understating the benefits and opportunities earlier could reward projects and investors that develop a business strategy around....
The crypto industry has recently experienced technical breakthroughs through its blockchain technology in many areas, such as AI, non-fungible tokens (NFTs), and the metaverse, changing the course of the modern world, although few understand the potential. NFTs, in particular, has witnessed exponential growth in 2021 as the number of buyers and sellers on the trading floors has increased markedly, surpassing 13 billion dollars in trading volume. Given the current trend and status of NFTs, they are likely to continue dominating the market, notably in the metaverse and gaming industry.....
It is no secret that the world we live in is not very accepting of all body types. The body positivity movement has been one of the most popular in the last decade because of our increased awareness of this phenomenon. The last decade has also seen a lot of technological advances, specifically the increased use of decentralized technologies like blockchain. Now, the metaverse is the hot tech buzzword as we’re all looking to interact in a virtual world. But with a lack of body positivity running rampant in the physical world, will it not spill into the virtual one as well? This is exactly....
NFTs are here to stay and the arrival of the metaverse is only set to make their appeal and use even more popular. Even as nonfungible token (NFT) transactions have taken off and made headlines, to most people outside the crypto world, they’re just a gimmick. The metaverse will change that.There’s always a tipping point when new technologies go from incomprehensible fringe interest to, suddenly, part of life. That point usually comes from the confluence of a number of drivers and, right now, we’re experiencing what happens when two such trends hit the inflection point together.Mark....
The metaverse is expanding. An immersive world replete with interactive experiences is opening up in front of us, and thanks to the nascent play-to-earn model and NFTs, economic opportunities are baked in. Although it’s too early to say whether the metaverse will achieve widespread adoption, and in the process become a hub where participants can […]