Beyond the hype: NFTs’ actual value is still to be determined
NFTs present a revolutionary and innovative technology, but their real value has been obscured by hype. It's 2021. Super Bowl champion Tom Brady is starting an NFT company, Christie's is explaining CryptoPunks to everyone, Saturday Night Live is creating jams about NFTs, Beeple and Mark Cuban are advocating NFTs’ use case — yet, here I am, the CEO of a company that helps users securely store their nonfungible tokens and I still think the actual value of NFTs is to be decided. It's important to back up and remember that, although it seems like we have all always known about NFTs, the....
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The high value and unique rewards system that nonfungible tokens offer is a revolutionary and highly appealing opportunity for musicians. The revolution will not be televised — it will be minted. Earlier this year, we saw the meteoric rise (and fall) of nonfungible tokens, or NFTs, in mainstream media and popular culture. We all heard about them, but was the hype real? Top businessmen and media moguls, such as Mark Cuban and Gary Vee, still strongly advocate NFT use and the role smart contracts will play in the near future, while each week new NFT exchanges and drops continue to roll out.....
Gold, the US dollar and euro all printed significant price extremes during this week as investors and speculators position in anticipation of the Fed rates announcement on December 16. We take a look some of the most interesting price charts. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Monday November 30. Japan BOJ Gov Kuroda Speaks. Japan Housing Starts y/y (actual: -2.5% expected: 2.5% previous: 2.6%). Europe German Retail Sales m/m (actual: -0.4%....
OpenSea transaction volumes are booming again, a certain influencer was “cancelled” and Madonna might be on the verge of buying a Bored Ape Yacht Club NFT. There is no denying that pop culture has entered the NFT space in full force. The World of Women collection created by Yam Karkai has followed in the footsteps of Bored Ape Yacht Club (BAYC) by signing with a big-time Hollywood agent, and Madonna was propositioned to buy a blue chip NFT and she might be giving the offer serious consideration.Many new entrants are influenced by celebrity endorsements, yet the community proclaimed “OGs”....
A recent study by Gartner has shown that blockchain has reached the ‘peak of inflated expectations’ phase of the hype cycle as the chief architect of ACI Worldwide states that the distributed ledger technology is not yet able to handle financial transactions at scale. The study by Gartner ‘Hype Cycle for Emerging Technologies, 2016,’ found that blockchain won’t reach mainstream adoption for another five to ten years. According to Mike Walker, research director at Gartner, the Hype Cycle for Emerging Technologies report is the longest-running, providing an overview of what technologies are....
Uniswap’s UNI token launch generated massive hype for around 24 hours, leading the token’s price to surge up to highs of $8.50 before the hype faded and the cryptocurrency’s price plunged lower. It doesn’t appear that the hype will return anytime soon, as the token has since erased the vast majority of its gains and […]