Corporate brands target NFTs and adoption continues to skyrocket
Apart from creating their own digital collectibles, major brands are also acquiring popular NFTs amid the growing popularity of nonfungible tokens. The nonfungible token (NFT) space is arguably one of the most popular aspects of crypto and blockchain technology. Indeed, NFTs are often the topic of conversation, garnering significant interest both from inside and outside the industry.Such is the growing appeal of NFTs outside the crypto space that major brands like Visa and Budweiser are now acquiring popular items from popular collections. These moves are different from the usual corporate....
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Thanks to the Metaverse, luxury NFTs from premium brands can see their total value skyrocket, potentially reaching $56 billion by 2030. The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium brands are jumping on this fast-moving train, investing in their new digital collectibles businesses. As more aspects of people's lives are....
While Meta and Twitter dominated NFT headlines last week, another new set of social media behemoths re-entered the fray this week. Meanwhile, NFTs are being eyed by the IRS with a microscope as fraud continues to run through the space, OpenSea continues to have some bumps in the road, and more brands continue to release […]
Osaka has been in talks with her agent about cryptocurrencies after reading about Dogecoin on Twitter. Naomi Osaka, a top professional tennis player from Japan, has been open about diversifying her investments in cryptocurrency after noticing the hype around Dogecoin (DOGE), which was primarily led by Elon Musk.In a recent Bloomberg interview, Osaka revealed that she has been in talks with her agent about cryptocurrencies after reading about Dogecoin and its possibility to “pop up.”The tennis legend attributed Twitter’s crypto ecosystem to be the primary source of her interest in Dogecoin....
With more than 4.66 billion active Internet users, much of the world’s adult population is connected digitally. The Internet and social media allow brands to engage with their target audiences on a personalized and deeper level than ever before. At the same time, brands are fighting a war for consumer attention. Most of them struggle […]
In the emerging decentralized Web3 economy, NFTs will enable creators to connect with and serve clients in brand new ways. Many businesses and big brands have already jumped on the nonfungible token (NFT) bandwagon, including Nike, the National Basketball Association, Pepsi and even Taco Bell. But are these just for the show, or are these NFTs creating value? Much like digital services have become essential for every business in and outside of the technology sector, I believe that tokens — and, specifically, NFTs — are likely to become equally crucial in the emerging Web3 economy for at....