
<p>The NFT Market is stabilizing thanks to solid and engaged communities with a healthy trading behavior. Usefulness of tokens now seems to take precedence over the notion of financial investment.</p>



<p>The first era of NFTs where profit and speculation reigned supreme seems over, and gradually a new page in the history of this technology is being written under the mainstream radar.</p>



<p>The next boom is beginning to take shape. There is still time to prepare for it, but get ready because this wave will most likely be even more explosive and impactful than the era of “NFT Collectibles”.</p>



<div class="wp-container-1 wp-block-buttons">
<div class="wp-block-button aligncenter has-custom-width wp-block-button__width-100 has-custom-font-size is-style-fill has-medium-font-size"><a class="wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background" href="https://www.slideshare.net/secret/ECKivLhCG3AUNT" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Read your Q3 2022 NFT Market Report</a></div>
</div>


The NFT market shrinks and enters into a stabilizing phase, also showing auspicious signs of a coming boom taking shape.

A massive 77% drop was observed in terms of USD traded between Q2 and Q3 2022 with a global volume of about US$1.7 billion in Q3 2022.

A net quarterly loss of US$450M is recorded for the first time ever.

A 84% decrease in profit at resell is observed during the period, for a total loss that decreased by 44% (US$326 million profit for US$783 million loss).

1. The fundamentals
2. A look back at Q3 2022
3. Overall performance Q3 2022
4. Detailed performance (search volume, performance by segment, market distribution by project, etc.)
5. Profits & losses on the market (profit & loss per segment over time, most profitable projects, etc.)
6. Focus by segment (key metrics about: crypto-art, collectibles, gaming, metaverses, utilities)
7. Conclusion


2022

Quarterly NFT Market Report


<p>The bear market has largely impacted the NFT market. For the first time in the history of NFTs, trading-related activities are no longer profitable. Despite a complicated economic context, NFTs continue to surprise, and we observe some strong trends around Metaverses and Utilities over the period, which tends to revitalize the markets. </p>



<p>With speculation in a tailspin, it looks like the industry has once again entered a building phase, away from the spotlight.</p>



<div class="wp-container-3 wp-block-buttons">
<div class="wp-block-button aligncenter has-custom-width wp-block-button__width-100"><a class="wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background" href="https://www.slideshare.net/secret/r0QVu2GhFiibrh" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Download your Q2 2022 NFT Market Report</a></div>
</div>


A massive 25% drop was observed in terms of USD traded between Q1 and Q2 2022 with a global volume of about US$8 billion in Q2 2022.

A net profit of US$460M is recorded over Q2 2022, a significant decrease compared to Q1 2022 (US$2.3B).

Secondary market remains predominant with almost 80% of the volume of USD traded, in the meantime, primary market has constantly decreased over the period.

A 46% decrease in profit at resell is observed during the period, for a total loss that increased by 23% (US$1.8 billion profit for US$1.4 billion loss).

The market is more centralized than ever: More than 30% of the volume of USD traded over the quarter is distributed between projects that have been launched or acquired by Yuga Labs.

The bear market has largely impacted the NFT market. For the first time in the history of NFTs, trading-related activities are no longer profitable. Despite a complicated economic context, NFTs continue to surprise, and we observe some strong trends around Metaverses and Utilities over the period, which tends to revitalize the markets.

With speculation in a tailspin, it looks like the industry has once again entered a building phase, away from the spotlight.


<p>The incredible enthusiasm for NFTs led to tremendous growth of the NFT industry in 2021. The early days of 2022 mark a new era for NFTs, with many changes to the market.<br>Are we facing a bubble on the verge of bursting? Are the NFTs markets holding up despite the tense geopolitical situation surrounding the war in Ukraine?<br>The Q1 Quarterly Report 2022 presents the first detailed figures on the reality of NFTs markets.<br>This quarter, we had the chance to interview Shaban Shaame, a pioneer of Blockchain Gaming since 2014, who shares his vision and thoughts on the state of the industry.</p>



<div class="wp-container-2 wp-block-buttons">
<div class="wp-block-button aligncenter has-custom-width wp-block-button__width-100"><a class="wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background" href="https://www.slideshare.net/secret/zw9isU0mUwYh2Y" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Download your Q1 2022 NFT Market Report</a></div>
</div>


The general public seems to be losing interest in NFTs, if the search volume on Google is to be believed.
Collectibles are the predominant segment in the industry, far ahead of Art or even the Metaverses.

The resale profit volume is down 3% while the total loss volume is up nearly 50% compared to the previous quarter.
For the first time, some segments show a negative balance: Gaming shows a total loss of almost $50 million on the segment, which makes it the least profitable segment of the industry from a trading point of view.

With nearly $8 billion traded in the first quarter of 2022, the market cannot really be considered to have collapsed. We are seeing more of a form of stabilization, in line with the last quarter of 2021.
Conversely, the volume of sales fell by nearly 50%, with a very marked slowdown in the volume of buyers and sellers.
The great novelty of this quarter is undoubtedly the evolution of profitability in the markets. Making a profit in NFTs is no longer so easy in 2022...


<p>Every year since 2018, NonFungible.com publishes “Yearly NFT Market Report” which remains to date the most in-depth and comprehensive piece of research about the NFT Industry</p>



<p>These reports are designed for curious newcomers as well as experienced investors.</p>


Collectibles is probably the segment that is running out of steam in favor of Metaverses and Blockchain Gaming.

With over $5 billion in profit recorded in NFT trading, speculation is an integral part of this market. But this is a more complex activity than it seems...

Markets gradually became saturated with the issuance of millions of new NFTs. How have the markets reacted to this unbridled multiplication of assets?

The market boomed to over $15 billion for nearly 2 million active wallets.

"NFT" was declared word of the year 2021. This is not surprising given the exponential growth of the industry. Between unprecedented opportunities, excessive speculation and new economic models: where are we?

The 200 pages, 70 metrics and 15 interviews of this report have been designed to give you the most complete and up-to-date overview of the different facets of the NFT industry.

Yearly NFT Market Report

2021


<p>Data doesn’t lie, at NonFungible we analyze it and make the complex simple and freely accessible for everyone.</p>



<p>Our Q3 Report looks into Non-Fungible Token trends on the Ethereum chain. We use our data to provide an in depth analysis of the market backed with charts and analytics.</p>


Q3 of 2021 broke the $billion threshold by a long way, with almost $6 billion traded on the Ethereum blockchain alone. All indicators continue to show an upwards trend, with the number of wallets in use of both buyers and sellers increasing significantly.

Record USD volume for NFT sales

Unsurprisingly, the collectibles segment generated the most USD volume this quarter, undoubtedly stemming from PFP hype but also from the continual increase in the price of CryptoPunks and Bored Ape Yacht Club.

Market Distribution

The recent growth of the NFT industry has been almost unbelievable. In just a few short months, the $billion-dollar mark has been crossed in traded NFTs, followed by $billion per quarter and only then to be surpassed by $billion per month.

The market we see evolving today is a market that is growing at an exponential rate, with unprecedented liquidity but it is also even more of a speculative and volatile market than ever before.

The current market growth dictates that all investors and NFT stakeholders should pay extra attention as Triple-digit growth goes hand in hand with market instability, unrealistic expectations and potential disappointments.


<p>In 2018, I learned about the <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland</a> project and the notion of creating a virtual reality Metaverse on the Ethereum blockchain. If you are unaware of what Decentraland is, check out their<a href="https://decentraland.org/whitepaper.pdf" target="_blank" rel="noreferrer noopener"> whitepaper</a> and <a href="https://medium.com/@carlfravel/why-im-glad-i-own-property-in-decentraland-8eb59376de41" target="_blank" rel="noreferrer noopener">this article</a>.</p>



<p>Safe to say, I am amazed by Decentraland and, in particular, the LAND market. Decentraland LANDs are non-fungible, ERC-721 tokens that can be purchased, sold and traded on the <a href="https://market.decentraland.org/" target="_blank" rel="noreferrer noopener">Decentraland Marketplace.</a> As a ‘numbers guy’, I am fascinated by the Marketplace that the Decentraland team has created.</p>



<h2>How to Value LANDs</h2>



<p>Just like real estate, the <strong>key to valuing Decentraland LAND</strong> is based on <strong>3 words</strong> you’ve probably heard before: <strong>location, location, location!</strong> People are scrambling to figure out how to place a price on their land. Here are the trends I am noticing:</p>



<p><strong><em>1. Proximity to road</em></strong></p>



<p>Is the LAND connected to a road or not? There are tons of questions that need to be answered here. Will there be access to parcels that are not attached to roads? Realistically, 90% of parcels would be inaccessible if you could only access roadside parcels.</p>



<p><strong><em>2. Distance from the center</em></strong></p>



<p>The closer you are to parcel coordinates 0,0 the more valuable your land is! As of now, the Central Plaza will be the only spawning location.</p>



<p><strong><em>3. Proximity to districts</em></strong></p>



<p>People are banking on districts generating foot traffic. The more popular the district is, the more people will go to your land!</p>



<p><strong><em>4. Detached LANDs</em></strong></p>



<p>If your land is not attached to a road, it probably isn’t valued as much as the roadside!</p>



<p>This list is not exhaustive. As the platform continues to grow, we will see new value indicators emerge and will add them to this list.</p>



<h2>Introduction of Marketplace &amp; Variable Prices</h2>



<p>What is Value? How does a person value a parcel of land that you cannot build on yet? These are questions that the <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland </a>community members are asking themselves since the introduction of the<a href="https://market.decentraland.org/" target="_blank" rel="noreferrer noopener"> Land Marketplace</a> on March 23rd, 2018. The Land Marketplace has given the community the first chance for people to offer their parcels of land that they “won” in the Terraform Auction which started on December 15th.</p>



<p>Since the Land Marketplace was introduced to the community, there has been a wide variety of asking prices that people are demanding. The asking prices have ranged from 950 MANA to 10+ million MANA (<a href="https://currencio.co/mana/usd/" target="_blank" rel="noreferrer noopener">convert MANA to any currency here</a>). There is no rhyme or reason why people are valuing parcels at the prices that they’re going for. The only possible economic answer as to why prices are what they are is one that people who invest in cryptocurrencies understand very well:</p>



<p>“The value of any asset is only defined by the value buyers are willing to give to it.”</p>



<p>As long as people continue to buy Decentraland LANDs, we will start to gauge what the true value is of the land. At the end of the day, the value of LAND will be determined by the buyers. As long as people continue to purchase LANDs, the community will get more data on what the value is of Decentraland LANDs.</p>



<h2>Let’s Talk Numbers</h2>



<p>Using data from <a href="http://nonfungible.com" target="_blank" rel="noreferrer noopener">NonFungible.com</a>, we calculated the actual LAND value of different areas of Decentraland’s Genesis City map. <strong>NonFungible.com has the entire history of the 35,000+ LAND transactions</strong> that have occurred since Decentraland’s inception.</p>



<p>In order to make a practical and usable map that makes sense from a macro value perspective, we<strong> subdivided the Genesis City map into 18 “value zones.” </strong>For our map, we focused on the following value indicators.</p>



<ol><li>Average purchase price</li><li>Maximum purchase price</li><li>Minimum purchase price</li><li>Number of sales in the area</li></ol>



<h3><strong>The following map contains our findings:</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1600" height="906" src="http://nfcms1/app/uploads/2020/05/decentraland_global_statistics.png" alt="" class="wp-image-1340" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland_global_statistics.png 1600w, http://nfcms1:80/app/uploads/2020/05/decentraland_global_statistics-300x170.png 300w, http://nfcms1:80/app/uploads/2020/05/decentraland_global_statistics-1024x580.png 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland_global_statistics-768x435.png 768w, http://nfcms1:80/app/uploads/2020/05/decentraland_global_statistics-1536x870.png 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /></figure></div>



<h2>Our Findings</h2>



<ul><li>Our 18 zone map allows the community to see the connection between proposed prices and the value determined by the buyers.</li><li>Within the four central zones, there are massive disparities in the average price for parcels (<strong>27,000 MANA </strong>to <strong>136,000 MANA</strong>).</li><li>Surprisingly, the southern zone which has a ton of roads has the lowest average purchase value (<strong>9,724 MANA</strong>). Some community members think that this is because there is no district in the south.</li><li>Mysteriously, the lower-right-corner of the map has a higher than average price even though there are no roads and no districts in this region of the map (<strong>12,683 MANA</strong>). Some guess that this value has been driven up by important projects carried out by third parties around the perimeter of the Districts.</li><li>Since there were three outlier transactions exceeding one million MANA, we decided it was necessary to do two global average prices. <strong>Our goal</strong> is to <strong>help buyers and sellers properly value their land</strong> so <strong>we can help build a healthy economy</strong> driven by the Decentraland project.</li></ul>



<p>Finally, I want to thank @dafky2000 (<a href="https://nonfungible.com/pages/index.html" target="_blank" rel="noreferrer noopener">NonFungible.com</a> CEO). His hard work and dedication to the non-fungible space have made all of this possible.</p>



<p>Special thanks also go to Ethen Ostroff (@Ethen.O) for his great review and help with this article.</p>



<p class="has-text-align-center has-medium-font-size"><strong>More articles to come on other Crypto Collectibles! Stay tuned!</strong></p>


What is the correct value of a LAND? Where are the best places to purchase your first LAND?

Short Analysis of Decentraland’s Uprising Economy


<p>Since NonFungible.com’s inception, the <strong>platform has been growing rapidly and changing every day.</strong> Our goal of creating an NFT marketplace that crypto beginners can understand has <strong><em>morphed</em> into creating an all encompassing future CoinMarketCap of non-fungible token assets.</strong></p>



<h2>Before The Beginning</h2>



<p>NonFungible.com began as an idea for an NFT marketplace. While on the hunt for a domain name, I immediately found that NonFungible.com and other variations were available and scooped them up quick. As an <strong>avid domain hodler</strong> and<strong> NFT supporter</strong>, I saw the <strong>immense opportunity </strong>with these names.<strong> </strong>As soon as I purchased NonFungible.com, I began coding a <strong>LAND marketplace smart contract</strong>. After countless late nights, I finally finished the smart contract. Once the hard work was finished, I needed to create a <strong>beautiful user interface</strong>.</p>



<p>A few days after I implemented our basic user interface prototype, <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland</a> announced they were releasing their official <a href="https://market.decentraland.org" target="_blank" rel="noreferrer noopener">LAND marketplace</a>. Additionally, when I started to run with creating an NFT Marketplace, I found other projects like <a href="https://wyvernprotocol.com/" target="_blank" rel="noreferrer noopener">Project Wyvern</a>, <a href="https://www.coingecko.com/en/nft" target="_blank" rel="noreferrer noopener">Coingecko</a> (ex-<strong>RareBits</strong><a href="https://rarebits.io/%29" target="_blank" rel="noreferrer noopener">)</a>, <a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">OpenSea</a>. I decided it was <strong>best to re-group and find a new entrance niche.</strong></p>



<p>Fast forward a few weeks later and there was another opportunity, <strong>historical pricing for LAND within one unified interface</strong>.</p>



<p>I have been involved in the Decentraland community as a <strong>district leader</strong>, <strong>statistics and tool writer</strong> to <strong>help the community</strong>. Additionally, I have helped support users with their<strong> difficult questions </strong>in the community chats and<strong> </strong>helped to build the <strong>initial prototype for </strong><a href="https://github.com/decentraland/ethalarm" target="_blank" rel="noreferrer noopener"><strong>EthAlarm</strong></a> as well as <strong>collected a few bug bounties</strong>. With all of this Decentraland experience, I decided that NonFungible.com was a logical transition for me, and thus, <strong>it was born!</strong></p>



<h2>The Goals</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="750" height="350" src="http://nfcms1/app/uploads/2020/05/goal-net.jpeg" alt="" class="wp-image-1342" srcset="http://nfcms1:80/app/uploads/2020/05/goal-net.jpeg 750w, http://nfcms1:80/app/uploads/2020/05/goal-net-300x140.jpeg 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure></div>



<p><strong>Mission Statement:</strong> Organizing the infrastructure making fair asset ownership universally accessible.</p>



<p><strong>Vision Statement: </strong>Helping crypto-beginners and experts alike understand and discover the opportunities within the non-fungible digital asset (NFT) ecosystems.</p>



<p>NonFungible.com supports the use of non-fungible tokens (NFTs) as a means to achieve truly fair asset ownership. Built on top of blockchain technology to provide desirable decentralized, censorship resistant, immutable properties. <em>Similar to how Bitcoin is the answer to financial ownership</em> and <em>independence</em>, <strong>non-fungible tokens are currently the best solution to fair asset ownership.</strong></p>



<p><strong>Supporting the </strong><a href="https://nonfungible.com/market-tracker" target="_blank" rel="noreferrer noopener"><strong>NFT market with analysis</strong> and <strong>discovery tools</strong></a> is the <strong>just beginning of creating a healthy non-fungible ecosystem</strong>. A nice side effect of the market data is that we are also<strong> providing greater transparency</strong> with the data. We have gotten rid of the need for a programmer to understand and do analysis on the data. We hope to help facilitate the ride and become a key resource in the industry!</p>



<h2>NonFungible.com Prototype v1</h2>



<p>After quickly <strong>deploying an Ethereum node </strong>and <strong>creating a blockchain event monitor</strong>, I set up a simple website with<a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener"> <strong>historical market data for Decentraland</strong></a><strong>.</strong> The community support from this initial launch was phenomenal. I am so<strong> humbled by the amount of positive support!</strong></p>



<p>I quickly got to work implementing <a href="https://nonfungible.com/market-tracker/cryptokitties" target="_blank" rel="noreferrer noopener">CryptoKitties</a>, <a href="https://nonfungible.com/market-tracker/cryptopunks" target="_blank" rel="noreferrer noopener">CryptoPunks</a>, <a href="https://nonfungible.com/market-tracker/ethermon" target="_blank" rel="noreferrer noopener">Etheremon</a> and <a href="https://nonfungible.com/market-tracker/etherbots" target="_blank" rel="noreferrer noopener">Etherbots</a>, only to find out that a Parity “fast sync” isn’t going to cut it. Seller information and/or purchase price were missing in a few scenarios. After a little research, I found that I would have to sync a full, unpruned Ethereum node with tracing enabled. This can take a week or longer and requires robust computer hardware and 1 TB of SSD disk space. Whoah! This is not as simple as I was hoping, after setting up some rather powerful temporary servers, the new sync began.</p>



<h2>NonFungible.com Prototype v2</h2>



<h3>Platform</h3>



<p>We needed to<strong> complete the functionality</strong>, <strong>support a broader community </strong>and most importantly, gather<strong> all the data </strong>for a<strong> range of non-fungible projects</strong>. For that, I needed time to code but also had to wait for the Ethereum node to fully sync up with the network. I took the week of April 9th off from my day job to focus on NonFungible.com. I’m extremely pleased with NonFungible.com site developments, code, community support and potential revenue streams.</p>



<p>With the <strong>v2 prototype launch</strong>, we officially launched the remaining 3 planned NFTs, gathered the <strong>meta data</strong>, provided a little more robust <strong>searching</strong> (still a bit of optimizations to go here), and added <strong>USD conversion</strong> prices using CoinMarketCap historical open prices. The<strong> </strong>USD price for historical data before April 18th uses <strong>the daily open price</strong>. Everything going forward uses the <strong>price regularly updated from CoinMarketCap</strong>.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><a href="https://nonfungible.com/" target="_blank" rel="noopener noreferrer"><img loading="lazy" width="800" height="666" src="http://nfcms1/app/uploads/2020/05/nonfungible-v1.png" alt="" class="wp-image-1906" srcset="http://nfcms1:80/app/uploads/2020/05/nonfungible-v1.png 800w, http://nfcms1:80/app/uploads/2020/05/nonfungible-v1-300x250.png 300w, http://nfcms1:80/app/uploads/2020/05/nonfungible-v1-768x639.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></figure></div>



<h3>Community</h3>



<p>Aside from our new, but wickedly successful medium blog, we’ve been <strong>working with the NonFungible token community</strong> and are in touch with leaders, admins, mods and devs via Discord. Our<a href="https://discord.gg/nonfungible" target="_blank" rel="noreferrer noopener"><strong> NonFungible Discord channel</strong></a><strong> aggregates the news from the non-fungible token projects’ Twitter</strong> and <strong>Discord announcement channels</strong> so our users can<em> easily </em>get their news in <strong>one unified interface.</strong></p>



<p>We have also<strong> </strong>begun creating an NFT Network for the<strong> </strong>professionals involved in these NFT projects. We hope to help<strong> </strong>accelerate their growth and accommodate collaboration within the ecosystem.</p>



<h2>So…When Moon? What’s Next?</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="750" height="250" src="http://nfcms1/app/uploads/2020/05/wenmoon.jpeg" alt="" class="wp-image-1907" srcset="http://nfcms1:80/app/uploads/2020/05/wenmoon.jpeg 750w, http://nfcms1:80/app/uploads/2020/05/wenmoon-300x100.jpeg 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure></div>



<p>We have a number of features on our roadmap that are sure to add more value to the platform which <strong>we will be proud to call our official MVP</strong>. With the MVP, we should have a strong basis to create sound revenue streams from. Below is a <strong>summarized</strong> and tentatively ordered<strong> list of our current priorities </strong>feature-wise.</p>



<h2>Over the next couple months</h2>



<ol><li>Performance Optimization</li><li>Market data sorting</li><li>General market statistics (hour/day/week/month volume and sales)</li><li>Advanced search (multiple meta attributes and conditions)</li><li>Market charts (hour/day/week/month volume and sales)</li><li>Support market data from <a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">OpenSea</a>, <a href="https://www.coingecko.com/en/nft" target="_blank" rel="noreferrer noopener">Coingecko</a> (ex-RareBits), and <a href="https://wyvernprotocol.com/" target="_blank" rel="noreferrer noopener">Project Wyvern</a></li><li>Hand picked, curated news from non-fungible token projects</li><li>Implement redesigned UI/UX (this will likely be implemented as soon our man, @Zoup, has it ready)</li></ol>



<p>Thank you for being a part of the non-fungible revolution and for your support with NonFungible.com!</p>



<div style="height:30px" aria-hidden="true" class="wp-block-spacer"></div>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/market-tracker" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png" alt="What are the best performing NFT projects this week? Try our market tracker" class="wp-image-66361" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Our goal of creating an NFT marketplace that beginners can understand has morphed into creating an all encompassing CoinMarketCap of non-fungible tokens.


NonFungible.com’s Growth Since Inception


<p>We have launched support for 3rd party marketplaces: <a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">OpenSea</a>, <a href="https://www.coingecko.com/en/nft" target="_blank" rel="noreferrer noopener">Coingecko</a> (ex-RareBits) and <a href="https://exchange.projectwyvern.com/" target="_blank" rel="noreferrer noopener">Project Wyvern</a>!</p>



<p>After much anticipation, we are also happy to announce that we are working with NFT publishers to list their projects on NonFungible.com. We don’t want to announce specific projects yet but we’ve completed 8 new listings in development that are ready to launch with <strong>contests and giveaways</strong>! <a href="https://twitter.com/nonfungibles" target="_blank" rel="noreferrer noopener">Follow us on Twitter</a> to be the first to know when we launch the new markets!</p>



<h2>Performance</h2>



<p>Dealing with the volume of CryptoKitties has been difficult while providing the same search, sort and listing data at reasonable speeds.</p>



<p>NonFungible.com has also been at the mercy of many of the shortcomings of the Ethereum network.</p>



<p>We are ecstatic that these should no longer be an issue in most cases. The website and the market data should now remain up to date even during the heaviest network congestion!</p>



<h2>API documentation</h2>



<p>We have published our API documentation to the public. The first iteration undocumented API is still operational but we urge everyone to upgrade to the v1 specification.</p>



<p>The API isn&#8217;t available yet but stay tuned!</p>



<h3>Terms of Service &amp; Privacy Policies</h3>



<p>We have published the first versions of our Terms of Service and Privacy Policy effective immediately. These can be found on our website:<a href="https://nonfungible.com/terms-of-use" target="_blank" rel="noreferrer noopener"> https://NonFungible.com/pages/terms</a> and<a href="https://nonfungible.com/privacy-policy" target="_blank" rel="noreferrer noopener"> https://NonFungible.com/pages/privacy</a></p>



<h2>On the horizon</h2>



<ul><li><strong>Charting</strong> is a feature that our users have been requesting often and is extremely helpful to accurately measure the market conditions. We have completed the processing on the backend and are looking forward to implementing charted data on a familiar platform — volume, total value and average sale value over different time spans.</li><li><strong>More NFT listings</strong>,<strong> </strong>our goal to become “<em>the CoinMarketCap for non-fungible tokens”</em> means that we need to list new projects swiftly while not compromising the user experience. We have done a lot to prepare over the past couple of months — moving forward, listing new NFT project’s market data should be an efficient, streamlined process.</li><li><strong>Non-fungible token profiles</strong>, we are planning to host resources relating to each project, official as well as non-official. Blogs, tools, websites, and other resources specific to each project. Please let us know about your website or tool either through<a href="https://twitter.com/nonfungibles" target="_blank" rel="noreferrer noopener"> Twitter</a>, or use the<a href="https://nonfungible.com/contact-us" target="_blank" rel="noreferrer noopener"> contact form</a> on the website.</li><li><strong>A new server in Europe</strong>, some of our European friends have noted that our website is not as responsive as they would expect. We are adding another server located in Europe to accommodate these regions.</li></ul>



<h2>Short term future value</h2>



<h3>New website UI/UX</h3>



<p>A whole new UX has been set for Nonfungible.com, providing new ergonomics, navigation and a bunch of new features, UI is on its way as well! More information about it soon…</p>



<h3>NFT wallet interface</h3>



<p>This brand new features will display all your non-fungible tokens in one dashboard, providing you market evolution hints, value estimation of your global wallet and advice for your next moves on the markets! All-you-need in one dashboard, backed by real-time market data.</p>



<h4><strong>A lot of other exciting news and features are coming soon! Stay tuned, 2018 will be an awesome year for the NFT ecosystem!</strong></h4>


We have lots of exciting news to share with you!!

New developments and a sneak peek into the future of NonFungible.com


<p>We had already proposed a short <a href="https://nonfungible.com/news/analysis/short-analysis-of-decentraland-s-uprising-economy" target="_blank" rel="noreferrer noopener">analysis of Decentraland’s economy</a> some time ago, about 1 month after the official marketplace launched.</p>



<p>The Marketplace has just celebrated its 4 months of operation on July 19th. The opportunity has come again to provide an overview of the project, and the evolution of its market.</p>



<h2>The context of Decentraland</h2>



<p>Let’s start with a little reminder. The evolution of the LAND market on <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland </a>can’t be understood or analyzed without taking into account the global context of cryptocurrencies.</p>



<p>MANA (Decentraland’s ERC20 token), is in the Top 100 of Cryptocurrencies in terms of capitalization (<a href="https://coinmarketcap.com/currencies/decentraland/" target="_blank" rel="noreferrer noopener">CoinMarketCap – Decentraland</a>). Despite this market capitalization, MANA follows the Bitcoin fluctuations like any other Cryptocurrency. Thus, the MANA course evolution has to be analyzed while taking into account the Decentraland project’s actuality and the global cryptocurrency market.</p>



<p>It’s quite different for LAND. LAND tokens are NFTs (Non-Fungible Tokens): more simply, it is a single item, whose characteristics are unique and cannot simply be replaced by any other LAND token. You can read this excellent article written by Decentraland team explaining what a NFT is.</p>



<p>Here, the unique and non-Fungible features of the token are geographical xy coordinates on a map. LAND parcels may be close to a high traffic area, a road, or a District., all of which can impact the perceived value of that parcel.</p>



<p>NFTs have this very particular characteristic in the cryptosphere: the evolution of their value is relatively independent from the price of crypto-currencies.</p>



<p>We can consider LAND as an unusual NFT: it is far more than a cryptocurrency or cryptocollectible to speculate on. LAND is what makes up the virtual world of Decentraland it embodies the possibility for anyone to build their own business, application, game, or structure in this future ecosystem.</p>



<h2>Market evolution over 4 last months</h2>



<p>All data presented in this article as well as in the infographics are provided by <a href="https://nonfungible.com" target="_blank" rel="noreferrer noopener">NonFungible.com</a>: the reference about NFT Markets evolution.</p>



<h3>March: An incredible start!</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2020/05/decentraland-march-statistics.jpeg" alt="" class="wp-image-1344" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-march-statistics.jpeg 1280w, http://nfcms1:80/app/uploads/2020/05/decentraland-march-statistics-300x169.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-march-statistics-1024x576.jpeg 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-march-statistics-768x432.jpeg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<p>If we have a look at the <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland Marketplace’s overall statistics</a>, we can see that the equivalent of $3.5 million USD has been exchanged in less than 4 months, and $1.3 million USD during the period from March 19 to 31.</p>



<p>This launch period is obviously the most impressive one: we observed the most expensive sale in the metaverse history: 2,000,000 MANA for a single LAND. We also saw an average of 62 LAND sold per day and an average sale price of 20,324 MANA (approximately $1,714 USD).</p>



<p>We need to put this launch in context to understand what happened. Before the launch of the<a href="https://market.decentraland.org/" target="_blank" rel="noreferrer noopener"> official Decentraland marketplace</a>, LAND was sold in a parallel market based on the trust and reputation of the various stakeholders. A member of the community announced on the Decentraland chat the information about the LAND parcel he or she wanted to sell, and the most interesting offer won the sale.</p>



<p>The buyer had to transfer the sum in MANA to the seller’s account, and … cross their fingers hoping that the seller is honest. The arrival of the marketplace represented a considerable evolution in this market with the intervention of a trusted third party that was free, reliable, decentralized.</p>



<p>Parallel market transactions stopped a few days before the Marketplace was released.</p>



<p>Obviously this launch has crystallized a lot of expectations for both. buyers and sellers.</p>



<p>This context, and those expectations, can explain the extremely large number of transactions and the prices we’ve seen.</p>



<h3>April / May slowdown</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2020/05/decentraland-april-statistics.jpeg" alt="" class="wp-image-1345" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-april-statistics.jpeg 1280w, http://nfcms1:80/app/uploads/2020/05/decentraland-april-statistics-300x169.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-april-statistics-1024x576.jpeg 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-april-statistics-768x432.jpeg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<p>We then saw a progressive slowdown in the market in April, with a successive decline of 18% then 45% of the sales volume per month.</p>



<p>More interestingly, we noticed that the total amount of MANA exchanged lowered further : -46% on April then -56% in May. This implies that beyond the number of transactions, the overall assets had been devalued.</p>



<p>Indeed, between March and May, we saw the average value of LAND lowered from 20,324 to 10,615 MANA, a drop of nearly 50% of the NFT value.</p>



<p>It is very difficult to precisely identify the reasons for this devaluation, but here are some hints that seem relevant to us:</p>



<ul><li>The global fall in the prices of cryptocurrencies and the general concern about long-term impact of digital assets (relayed by the media)</li><li>The Decentraland project went through a backend work period, without any important announcement to the community.</li><li>The lack of stakeholders renewal in the flipping LAND eco-system: the number of LAND owners remained practically the same through those months. Cf. etherscan.io</li></ul>



<p>Note, however, that the average price of LAND in dollars is the only key performance indicator (KPI) to have increased over May, mainly because of the positive evolution of MANA price.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2020/05/decentraland-may-statistics.jpeg" alt="" class="wp-image-1346" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-may-statistics.jpeg 1280w, http://nfcms1:80/app/uploads/2020/05/decentraland-may-statistics-300x169.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-may-statistics-1024x576.jpeg 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-may-statistics-768x432.jpeg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<p>After analysis, it appears that the evolution of the lowest and the highest prices during the different months does not represent any relevant pattern, since the lowest prices are often determined by mistakes (9.9 MANA, 950 MANA, …), and the highest prices raised some suspicions about the legitimacy of the transaction.</p>



<h3>June: Market wakes up!</h3>



<p>We saw an important change in June: the sales volume, average selling price, and overall transaction volume all went up, despite an unfavorable climate in the crypto-sphere.</p>



<p>There is a rebound of almost 43% in sales volume, increasing the number of sales per day from 11 to 17.</p>



<p>The average price of LAND in MANA also increased by 21% during the month of June, without any “spectacular” sales exceeding one million MANA.</p>



<p>It is extremely interesting to note that despite an overall fall in cryptocurrency prices for several months, the LAND market picked up momentum in both sales volume and asset prices.</p>



<p>Regarding the overall volume traded in MANA, we observed a real boom with an increase of 73% in comparison with the month of May. This increase has to be compared with an increase of only 22% of the volume exchanged in dollars. This is explained by the gradual decline in the price of MANA over the period.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2020/05/decentraland-june-statistics.jpeg" alt="" class="wp-image-1347" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-june-statistics.jpeg 1280w, http://nfcms1:80/app/uploads/2020/05/decentraland-june-statistics-300x169.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-june-statistics-1024x576.jpeg 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-june-statistics-768x432.jpeg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<h3>July: value before volume.</h3>



<p>Contrary to our expectations, the LAND market experienced another major decline in July, despite the rebound in June.</p>



<p>In July, we saw the lowest number of sales since the opening of the marketplace, with an average sales / day of less than 10, for the first time since March.</p>



<p>The volumes traded on the market were impacted accordingly- down 38% compared to the previous month (in MANA).</p>



<p>It should be noted, however, that average transaction prices increased, while volume was decreasing. We can conclude that there was a lower volatility of the LANDs but a higher valuation of these assets.</p>



<p>We analyze two points in this phenomenon:</p>



<p>The purchase value of LAND continues to increase steadily, despite fluctuations in the cryptocurrency markets</p>



<p>Volatility is still declining, suggesting that speculative logic is slowly fading away.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2020/05/decentraland-july-statistics.jpeg" alt="" class="wp-image-1351" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-july-statistics.jpeg 1280w, http://nfcms1:80/app/uploads/2020/05/decentraland-july-statistics-300x169.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-july-statistics-1024x576.jpeg 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-july-statistics-768x432.jpeg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<h2>Global Market Trends</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2020/05/decentraland-global-trends-1.jpeg" alt="" class="wp-image-1349" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-1.jpeg 1200w, http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-1-300x169.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-1-1024x576.jpeg 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-1-768x432.jpeg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2020/05/decentraland-global-trends-2.jpeg" alt="" class="wp-image-1350" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-2.jpeg 1200w, http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-2-300x169.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-2-1024x576.jpeg 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-global-trends-2-768x432.jpeg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<p>The trends of overall sales and transaction volume are perfectly consistent, and follow the trend of declining then stabilizing between March and May, before gradually increasing through June.</p>



<p>The average price of LAND in MANA also follows this trend, however it is interesting to note that the price in USD does not experience the same fluctuations as it also depends on the evolution of the price of the MANA, which experienced a significant rise in May.</p>



<p>In comparison with the global environment of NFTs, Decentraland is the first platform to propose NFTs with an average value greater than $1,000 USD. It represents an incredible challenge to launch a market and an economy based on items of this price, in a tense economic context for cryptocurrencies.</p>



<h2>What defines LAND value?</h2>



<p>Defining the value of a LAND is a complex exercise. We can consider that value of LAND is defined in two stages: the speculative dimension of the asset, and the promise of experience it contains.</p>



<p>To take a concrete example, a parcel of 1km2 on Manhattan in the 16th century was cheaper than today. What has changed is not the parcel in itself, it is what we built there. What we made of the parcel defines its actual value.</p>



<p>Unlike many NFTs today, LAND token offers a second level of value perfectly comparable to these lands on Manhattan.</p>



<p>What defines the value of LAND today (<strong><em>speculation about the hypothetical potential of the land AND the project</em></strong>) is not what will define its value tomorrow (<strong><em>the actual use and the service offered on the parcel and in its direct proximity</em></strong>).</p>



<p>The LAND valuation model we have described here will most likely be extremely different in the coming years, depending on the projects launched on the platform and the emerging business models.</p>


We had already proposed a short analysis of Decentraland's economy some time ago, about 1 month after the official marketplace launched.

Decentraland: Market Evolution


<p>Recently, we had the chance to test the beta version of <a href="https://nonfungible.com/market-tracker/axieinfinity" target="_blank" rel="noreferrer noopener">Axie Infinity</a>, and it was an amazing experience!! The concept of the game is very simple: buy small creatures called Axies, train them and send them as a team in the arena to fight an opponent.</p>



<p>For those who want to know more about the concept, here is a very good <a href="https://welcome.skymavis.com/" target="_blank" rel="noreferrer noopener">summary of the game</a>, and the <a href="https://whitepaper.axieinfinity.com/" target="_blank" rel="noreferrer noopener">Whitepaper</a>.</p>



<p>Just follow the<a href="https://welcome.skymavis.com/" target="_blank" rel="noreferrer noopener"> tutorial described here</a> to test the beta version too.</p>



<p class="has-text-align-center"><strong><em>[This is not a</em></strong><a href="https://nonfungible.com/" target="_blank" rel="noreferrer noopener"><strong><em> NonFungible.com</em></strong></a><strong><em> sponsored article and has been objectively written by someone who is not a member of the Axie Infinity team]</em></strong></p>



<h2>Gameplay</h2>



<p>What is extremely pleasant is that the game manages the different levels of involvement of a player perfectly.</p>



<p>If you do not have much time to devote to your little creatures or their training, no problem, you buy it at a good level, and send it directly into the arena! In this case, you do not have to be an advanced user to understand the logic and get into the game.</p>



<p>If you are a little more patient, the game immediately takes another dimension!</p>



<p>You will have hundreds of factors to take into account to optimize your battles and to be victorious in all the arenas.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="239" height="261" src="http://nfcms1/app/uploads/2020/05/axie-infinity-skills.png" alt="" class="wp-image-1353"/></figure></div>


<p>The characteristics of your Axies:</p>



<ul><li>Experience</li><li>Health Point</li><li>Speed</li><li>Skill</li><li>Morale</li></ul>



<p><strong>Their special attacks</strong> : You’ll have to think about the combination of several special attacks, and how you can counter-balance characteristics with special attacks.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="841" height="309" src="http://nfcms1/app/uploads/2020/05/axie-infinity-special-attacks.png" alt="" class="wp-image-1354" srcset="http://nfcms1:80/app/uploads/2020/05/axie-infinity-special-attacks.png 841w, http://nfcms1:80/app/uploads/2020/05/axie-infinity-special-attacks-300x110.png 300w, http://nfcms1:80/app/uploads/2020/05/axie-infinity-special-attacks-768x282.png 768w" sizes="(max-width: 841px) 100vw, 841px" /></figure></div>


<p><strong>The constitution of your team</strong> : Each team is composed of 3 Axies, so it creates an incredible amount of possibilities when you own several Axies.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="483" height="574" src="http://nfcms1/app/uploads/2020/05/axie-team-layout.png" alt="" class="wp-image-1355" srcset="http://nfcms1:80/app/uploads/2020/05/axie-team-layout.png 483w, http://nfcms1:80/app/uploads/2020/05/axie-team-layout-252x300.png 252w" sizes="(max-width: 483px) 100vw, 483px" /><figcaption><em>Time to organize your Axie on the battlefield</em></figcaption></figure></div>

<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="671" height="640" src="http://nfcms1/app/uploads/2020/05/axie-team-reposition.png" alt="" class="wp-image-1356" srcset="http://nfcms1:80/app/uploads/2020/05/axie-team-reposition.png 671w, http://nfcms1:80/app/uploads/2020/05/axie-team-reposition-300x286.png 300w" sizes="(max-width: 671px) 100vw, 671px" /><figcaption><em>The team is ready for the battle</em></figcaption></figure></div>


<h2>What we appreciated</h2>



<p>Like almost every game, the only way to measure the fun, is to play! We did, and in <a href="https://nonfungible.com/market-tracker/axieinfinity" target="_blank" rel="noreferrer noopener">Axie Inifinity </a>we experienced the deeply addictive aspects that we all discovered in games such as Pokemon or Digimon.</p>



<p>At first sight, we note two main differences between Axie Infinity and these games:</p>



<ul><li>The number of creatures and possible variants are almost endless, unlike a game like Pokemon, where it was very likely to cross the same creatures regularly</li><li>The game runs on the Ethereum Blockchain: which enable much wider development possibilities, and a possible interconnection with other applications and games thanks to the non-fungible, ERC-721 standard.</li></ul>



<p>Axie Infinity’s team also paid special attention to story telling and building a rich and consistent universe around their creatures. This universe is described in the <a href="https://welcome.skymavis.com/" target="_blank" rel="noreferrer noopener">encyclopedia</a> that we recommend you to read if you want to dive deeper in their universe.</p>



<p>NFT Gaming is still a very young field, and we were pleasantly surprised to discover that the project is already extremely advanced, it has a rich graphical universe, the sound design is neat, and we never felt like we were playing an experimental game.</p>



<h2>Some final adjustments</h2>



<p>First of all, we have to specify that we had the opportunity to test the <strong><em>beta version</em></strong> of the application! It is a safe bet that the points we have identified here are corrected or improved for the public launch.</p>



<ul><li>We regretted not being able to watch live arena fights and shudder as our creatures fight for victory. It is however possible to look at the fight after, to understand the outcome of the fight.</li><li>To date, Axie Infinity uses MetaMask to interact with the blockchain, which involves going through MetaMask pop-ups validations for each action (team formation and a complete battle are considered 1 action each). Although this point can not be put on the account of Axie Infinity, these numerous validations harm the overall user experience (the UX is very fluid outside of that). <strong><em>Jihoz has notified us that Axie Infinity recognizes the barriers with MetaMask and they are actively working towards a solution to these barriers!</em></strong></li></ul>



<h2>Our global feeling</h2>



<p>We had a warm welcome on our first connection on their Discord, several members came to offer us help or information to discover the game.</p>



<p>Although it is still a beta version, the experience of the game went very well. Even if we are not regular players of this type of game, we understood the logic of the game and started to adjust our strategies very quickly.</p>



<p><strong>In summary: We got hooked on the game immediately.</strong></p>



<p>We wish the <a href="https://nonfungible.com/market-tracker/axieinfinity" target="_blank" rel="noreferrer noopener">Axie Infinity</a> team great success and congratulations for the work already done!</p>



<h2>Learn more about Axie Infinity</h2>



<ul><li><a href="https://discord.gg/axie" target="_blank" rel="noreferrer noopener">Discuss with the team on Discord</a></li><li><a href="https://axieinfinity.medium.com/">Subscribe to their Medium account</a></li></ul>


Recently, we had the chance to test the beta version of Axie Infinity, and it was an amazing experience!!

Axie Infinity: Pokemon on the Blockchain?


<p>I had the chance to discuss NFT bartering regularly these last couple weeks with cryptocurrency experts, start-ups, curious, passionate and NFT token holders, through Meetups in France or more recently, at the<a href="https://delta-summit.com/" target="_blank" rel="noreferrer noopener"> Delta Summit in Malta</a>.</p>



<p>It was extremely motivating and exciting to see the positivity around these new digital assets, to discuss the possibilities, and to measure the almost infinite potential they offer.</p>



<p>Moreover, it was extremely pleasant to feel the support of all these people for the<a href="https://nonfungible.com" target="_blank" rel="noreferrer noopener"> NonFungible.com</a> project!</p>



<p>During these various discussions, a rather recurring question popped up, and I think it deserves to be addressed in depth:</p>



<p><strong>“Will it be possible to exchange a NFT for another NFT without going through cryptocurrencies?”</strong></p>



<h2>Why this question?</h2>



<p>First of all, we have to look at the foundation of this question. NFTs are still very young assets, which is why their use, their pitfalls, and opportunities are still, not yet completely obvious.</p>



<p>NFTs inherit many properties and ideas that are associated with their older brothers, cryptocurrencies. The issue we are discussing today is a shining example. In the <em>cryptosphere</em>, the exchanges play a key role that promotes token circulation. It is therefore quite predictable that some users implicitly expect comparable tools for these new digital assets.</p>



<p>Seen from afar, NFTs are nothing more than new tokens on the blockchain, so why not trade them like any other token?</p>



<h2>Why is it more complicated than it seems?</h2>



<p>Simply because non-fungible tokens are not like the other tokens:</p>



<ul><li>They are not cryptocurrencies</li><li>By design, they do not have the same liquidity</li><li>The use-cases are not comparable</li></ul>



<p>Thus, NFTs can be more easily compared to objects of everyday life (a house, a cat, a Pokemon card, …) than a currency.</p>



<p>Setting up a non-fungible token exchange system without going through a (crypto) currency would be nothing less than barter.</p>



<h2>Is it technically possible to do it?</h2>



<p>Yes. Technically, mathematically and functionally speaking it is obviously possible to set up a system to exchange two<a href="https://nonfungible.com/market-tracker/cryptokitties" target="_blank" rel="noreferrer noopener"> CryptoKitties</a> against a<a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener"> LAND</a>, or an<a href="https://embersword.com/" target="_blank" rel="noreferrer noopener"> Ember Sword</a> asset against an<a href="https://nonfungible.com/market-tracker/axieinfinity" target="_blank" rel="noreferrer noopener"> Axie Infinity</a> creature, depending on the value of the asset.</p>



<p>From a purely financial point of view, we are able to define the value of each asset according to its value system, for example, it’s native cryptocurrency (knowing that not all NFTs are based on the same cryptocurrency).</p>



<p>Let’s imagine that a <a href="https://nonfungible.com/market-tracker/cryptokitties" target="_blank" rel="noreferrer noopener">CryptoKitties </a>player is tired of the game and decides to start a business in Decentraland. He knows that his Kitties have value and wants to get rid of them to purchase a parcel of LAND in Decentraland.</p>



<p>Firstly, Cryptokitties are traded and valued based on Ethereum, whereas LAND is traded using MANA. This does not make conversion impossible but simply requires an extra step. The transaction today would look like this.</p>



<ul><li><strong><em>CryptoKitties &gt; Ethereum &gt; MANA &gt; LAND</em></strong></li></ul>



<p>So, if a system allows one day to convert directly</p>



<ul><li><strong><em>CryptoKitties &gt; LAND</em></strong></li></ul>



<p>This will simply mean that the two intermediate steps have been automatically handled by the system without any possible check by the buyer or seller upon those conversions.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="800" height="449" src="http://nfcms1/app/uploads/2020/05/bartering-nonfungible-nfts.jpeg" alt="" class="wp-image-1360" srcset="http://nfcms1:80/app/uploads/2020/05/bartering-nonfungible-nfts.jpeg 800w, http://nfcms1:80/app/uploads/2020/05/bartering-nonfungible-nfts-300x168.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/bartering-nonfungible-nfts-768x431.jpeg 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure></div>



<h2>Should we do it?</h2>



<p>THIS is the real core question. Being able to do it doesn’t necessarily imply that we should do it, or that it makes sense to do it.</p>



<p>To get back to our earlier example, a CryptoKitties player wishing to exchange his collection for a LAND without going through any (crypto)currency. I’m not convinced personally that it is a real use case for several reasons.</p>



<p><strong><em>1)</em></strong> Bartering is no longer practiced today for good reasons. You do not buy an apartment for a piece of art, and you do not go to the supermarket with your own tomatoes to exchange for peppers. The monetary system, in spite of all its flaws, makes it possible to structure a coherent and global value system. This refers to two of the 3 roles of currency in our civilization:</p>



<p><strong>“Unit of account — </strong>Currency makes it possible to be aware of the relative value of goods, and to make choices accordingly. It thus makes possible the economic calculation, that is to say the allocation of resources where they are most useful, their optimal use. It thus avoids shortages, and, more generally, makes a prosperous society possible by allowing the decisions of millions of individuals to be coordinated on the market. Without currency as a unit of account, no mechanism of prices, no economic calculation, no prosperity, no civilization.</p>



<p><strong>Intermediate exchange</strong> — The currency makes possible exchanges that would be much too complex, and therefore impossible, with the simple barter. It makes possible any division of labor beyond the level of mere survival, so civilization.”</p>



<p><em>Translated from:</em><a href="http://laissez-faire.ch/fr/articles/les-trois-fonctions-de-la-monnaie-et-leur-sabotage/" target="_blank" rel="noreferrer noopener"><em> http://laissez-faire.ch/fr/articles/les-trois-fonctions-de-la-monnaie-et-leur-sabotage/</em></a></p>



<p><strong><em>2) </em></strong>The question of the monetary role of the asset also arises. CryptoKitties, just like LAND are not (and have not been designed to be) reference units of value.</p>



<p><strong><em>3) </em></strong>For myself, the non-divisibility of the NFT represents the last reason why NFT barter is not a use that will become dominant in the ecosystem. 1 € = 0.66 CAD. Ok. Now imagine that a LAND = 10.762 Cryptokitties. What do we do with the remaining 0.762 Kitties? Should we have partial ownership of this Kitty? Should we consider selling only the body and not the head of the Kitty? These assets cannot be deconstructed and sold for pieces, which makes the valuation and exchange of NFTs for other NFTs without an intermediate value system too complicated.</p>



<h2>In conclusion…</h2>



<p>As you cannot imagine valuing a Lamborghini in yogurts, I do not think it makes sense to value/trade an NFT for another NFT.</p>



<p>Finally, we must acknowledge that barter has always existed in the digital universe as well as in the real world and that it will obviously not disappear. But it is and will remain unconventional.</p>



<p><strong><em>We are very interested to discuss this subject with you. Do you think the NFT exchange is a real use case? Is it required? Will it be popular?</em></strong></p>


I had the chance to discuss NFT bartering regularly these last couple weeks with cryptocurrency experts, start-ups, curious, passionate…

Should we barter NFTs?


<p>“  Are dollars or Bitcoin fungible assets?”<br>&#8211; Yes… And no.”</p>



<p>Before diving into this strange conversation, we must return to the definition of non-fungible. Only then can we understand why most assumptions of “non-fungible” are incorrect, or at least incomplete.</p>



<p>I had several passionate debates during Meetups around the definition of non-fungibility. And I must confess… most of these debates turned out to be sterile but, they helped me understand something important: the definition of non-fungibility is everything but obvious.</p>



<p>Let’s go back to the basic definition of non-fungible.</p>



<h2>Non-fungible definition</h2>



<p>The definition of a fungible asset is as follows:</p>



<p class="has-text-align-center"><em>“(especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.”</em></p>



<p><strong>Source:</strong><a href="https://www.dictionary.com/browse/non-fungible"><strong> </strong></a><a href="https://www.dictionary.com/browse/fungible" target="_blank" rel="noreferrer noopener"><strong>https://www.dictionary.com/browse/fungible</strong></a></p>



<p class="has-text-align-center"><em>“Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Fungible </em><a href="https://www.investopedia.com/terms/a/asset.asp" target="_blank" rel="noreferrer noopener"><em>assets</em></a><em> simplify the exchange and trade processes, as fungibility implies equal value between the assets.”</em></p>



<p><strong>Source: </strong><a href="https://www.investopedia.com/terms/f/fungibility.asp" target="_blank" rel="noreferrer noopener"><strong>https://www.investopedia.com/terms/f/fungibility.asp</strong></a></p>



<p>A non-fungible asset therefore has the opposite characteristics to this definition. Those elements are:</p>



<ul><li>Unique</li><li>Irreplaceable</li><li>Non-interchangeable</li></ul>



<p>Excellent articles have been written on this topic, explaining what is a non fungible token.</p>



<h3>By the <a href="https://decentraland.org/" target="_blank" rel="noreferrer noopener">Decentraland</a> team:</h3>



<p><a href="https://decentraland.org/blog/technology/what-are-nfts" target="_blank" rel="noreferrer noopener"><strong>What are NFTs?</strong></a></p>



<h3>By our friends and NFT experts from <a href="https://0xcert.org/" target="_blank" rel="noreferrer noopener">0xCert</a>:</h3>



<p><em>“The potential of the blockchain technology is much more than cryptocurrencies. It will enable people, companies to put…”</em></p>



<p><a href="https://medium.com/0xcert/fungible-vs-non-fungible-tokens-on-the-blockchain-ab4b12e0181a" target="_blank" rel="noreferrer noopener"><strong>Fungible vs non-fungible tokens on the blockchain</strong></a></p>



<h2>The most frequently use-cases</h2>



<ul><li><strong>Fungible:</strong> Dollars, Bitcoin, Post-it, Sheets of paper, …</li><li><strong>Non-fungible:</strong> Art, People, Game Character, Snowflakes, Real Estate, …</li><li>Unfortunately this is not so simple.</li></ul>



<h2>Why Bitcoin and Dollars are both fungible AND non-fungible.</h2>



<p>Technically speaking each Bitcoin is definitely unique. This is why it is possible to trace the origin of a Bitcoin, and whether or not it participated in transactions in the “darknet” and subject to censorship.</p>



<p>In the same way, each Bitcoin has a unique transaction history that makes it irreplaceable. But we still consider Bitcoin as commonly fungible. Strange… Indeed, it is exchanged as a coin, each Bitcoin has (potentially) the same value as the others, and no one is wronged if two people exchange Bitcoins simultaneously…</p>



<p>Coins are the historical example of fungible assets in the real world. Traders accept a dollar bill without question (as long as it isn’t counterfeit of course). We could certainly replace all the coins in your wallet with others of the same value without you realizing it, and without having lost any value.</p>



<p>However, a numismatist can tell you that the coins are not identical. Replace the pieces in his collection with yours and the impact will not be the same. However, these are the same coins we talked about earlier. But for him, and with his training, he can tell you that this coin in your wallet had a unique feature that gives it an incredible value, and that each coin is different due to its date of issue, the pattern on it , the small defect or the scratch that it can have on an edge, …</p>



<p>In other words, these coins were fungible for you, but not fungible for him. So … what’s the answer?</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="561" height="315" src="http://nfcms1/app/uploads/2020/05/fungible-money.jpeg" alt="" class="wp-image-1362" srcset="http://nfcms1:80/app/uploads/2020/05/fungible-money.jpeg 561w, http://nfcms1:80/app/uploads/2020/05/fungible-money-300x168.jpeg 300w" sizes="(max-width: 561px) 100vw, 561px" /><figcaption><em>Fungible or not?</em></figcaption></figure></div>



<h2>What do we mean with “non-fungible”?</h2>



<p>The example of the piece analyzed by you or by a numismatist is quite evocative of this problem. Actually, NO item in this world is really fungible. Even two of the same pieces of furniture, apparently totally identical, have a different serial number, are composed of materials from different trees, …</p>



<p>We thus observe a fundamental difference between the <strong><em>technical value</em></strong> and the <strong><em>use value</em></strong>.</p>



<p>Technically speaking, Bitcoin is non-fungible. But its use value makes it fungible. For almost all actors today, owning one Bitcoin or another is irrelevant. Only an extremely small part of the community is concerned about the history of their Bitcoin.</p>



<p>Some people treat NFTs as fungible assets, totally ignoring the use behind them, considering only the financial value of the asset. Two parcels of LAND on the<a href="https://market.decentraland.org/" target="_blank" rel="noreferrer noopener"> Decentraland Marketplace</a> worth 10,000 MANA may seem totally fungible to an unscrupulous speculator.</p>



<p><strong>It is therefore the use value that defines the fungible or non-fungible character of the asset. And not its technical characteristics. The main use of an asset and the perception that one can have of it define fundamentally if the asset is fungible or not.</strong></p>



<p>If tomorrow, everybody becomes a numismatist or is passionate about the traceability of his cryptocurrencies, these assets will instantly become non-fungible in use, without their technical characteristics having changed.</p>



<div style="height:30px" aria-hidden="true" class="wp-block-spacer"></div>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/academy" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png" alt="Need help understanding the NFT ecosystem? Explore the NFT Academy" class="wp-image-66341" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


The definition of “non fungible tokens” is not as easy as it seems. Let’s have a deeper look at what “non fungible” really means.

Why most definitions of “non-fungible” are incorrect.


<p>A few important remarks to begin with.</p>



<p>Over the last few months, I had the opportunity to attend a large number of MeetUps, blockchain events, conferences, and have been confronted with many ICO and blockchain startup pitches.</p>



<p>I have observed several very interesting things:</p>



<ul><li>The difference between a good and bad blockchain startup pitch.</li><li>The four strongest values of the blockchain.</li><li>The entire blockchain startup ecosystem is about to see a massive purge as more and more projects fail to deliver a product that capture users — bringing down with it the dream of “doing everything on the blockchain”.</li></ul>



<h2>What does a good blockchain startup pitch look like?</h2>



<p>For me, what defines the quality of a startup pitch, lies in the promise of value. In most cases, a technological choice is not, in itself, a promise of value. A little reminder to arrive at this conclusion: taking an existing service, extremely profitable and solving a concrete problem, then simply putting it on a blockchain is <strong>NOT </strong>a promise of value.</p>



<p>Adding the terms “decentralized” or “transparency” to Uber is unfortunately, not enough of an incentive to disrupt the transportation industry. Similarly, building “AirBNB on the blockchain”, “Block-Facebook”, or any GAFA on the blockchain is not a project — it is a copycat with a buzz-word. These projects may provide real value but their target market is incredibly niche.</p>



<p>This startup pitch method is based on a recurring business model: Re-create a concept that weighs billions, add the blockchain keyword, and hope that at least a few crumbs will fall from this unnatural union.</p>



<p><em>Matt Lockyer sums up the current token ecosystem well in his article “Money for nothing and tokens for free” — </em><a href="https://hackernoon.com/money-for-nothing-and-tokens-for-free-1a280159e138" target="_blank" rel="noreferrer noopener"><em>https://hackernoon.com/money-for-nothing-and-tokens-for-free-1a280159e138</em></a></p>



<p>Thus, a “good” blockchain startup pitch does not rely on the fact that the project is based on blockchain technology, but on the value that the project provides itself.</p>



<p><em>You do not promote a best-seller by boasting about the quality of the paper it is printed on.</em></p>



<p><em>Blockchain is a medium. Users don’t care about the medium — they care about utility and experience.</em></p>



<p><em>Users care about the value of the service, not whether it has potential to be disruptive or not.</em></p>



<h2>The values of blockchain</h2>



<p>If we had to summarize the blockchain in a few words, I think we would use the following terms:</p>



<ul><li>Unforgeable</li><li>Transparency</li><li>Decentralized</li><li>Traceability</li></ul>



<p>These 4 ingredients are real technological and functional opportunities with the potential to deeply change the face of many sectors including finance, information, gaming, etc… However, for blockchain’s benefit, it is important to keep in mind that “blockchain” is not the answer to every<strong> </strong>question, and it is not going to “<em>disrupt</em>” every business model. Too many projects are still trying to simply stick some of those 4 values to any industry in order to disrupt it — it is not enough.</p>



<p>Bringing better traceability to Uber, more transparency to AirBnB, or decentralizing Amazon, does not provide enough value to users relative to the amount of additional complexities it introduces. These blockchain <strong>features alone are not solving existing problems</strong> or, providing enough value for users to actually use them over existing solutions.</p>



<p>And above all, let’s not forget that we are talking about companies that generate billions of revenue dollars in the year. I am extremely skeptical that these companies could be overthrown or disrupted by a third party player who is rebuilding their same model <strong><em>“on-chain”</em></strong>.</p>



<h2>Where will the next Blockchain bubble come from?</h2>



<p>The speculative bubble observed in December 2017 / January 2018 was a small bubble based only on financial speculation. It has undeniably hurt the crypto-financial markets, but at the same time has given tremendous visibility to the technology and the entire ecosystem.</p>



<p>The next bubble to come will not only be financial, it will be a deeper bubble — the blockchain-“<em>disruption</em>” bubble. That day, is when the entire ecosystem (entrepreneurs, investors, individuals, mainstream, …) will realize that <strong>YES</strong>, the blockchain has a huge potential, but <strong>NO</strong>, the blockchain is not the solution to every problem.</p>



<h2>In the worst-case scenario</h2>



<p>99% of blockchain startups will face their own limits and lack-of-value, and will eventually collapse. Let’s keep in mind that outside of blockchain, almost 90% of startups failed.</p>



<p>Source: <a href="https://www.failory.com/blog/startup-failure-rate" target="_blank" rel="noreferrer noopener">https://www.failory.com/blog/startup-failure-rate</a></p>



<p>Investors (Business Angels, Venture Companies, ICO participants, …) will assume significant financial losses, whose impact could be felt more widely on the economy. In any case, this collapse and awareness may throw doubt on the potential of the technology, and blockchain will once again be considered “dead” before returning from the ashes.</p>



<p>I believe blockchain will follow the adoption curve described by Gartner, and that we are fast approaching the “Peak of inflated expectations”, which will take us directly to the “Trough of disillusionment”.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="800" height="532" src="http://nfcms1/app/uploads/2020/05/gartner-hype-cycle.png" alt="" class="wp-image-1365" srcset="http://nfcms1:80/app/uploads/2020/05/gartner-hype-cycle.png 800w, http://nfcms1:80/app/uploads/2020/05/gartner-hype-cycle-300x200.png 300w, http://nfcms1:80/app/uploads/2020/05/gartner-hype-cycle-768x511.png 768w" sizes="(max-width: 800px) 100vw, 800px" /><figcaption><em>Source: </em><a href="https://www.gartner.com/en/research/methodologies/gartner-hype-cycle" target="_blank" rel="noreferrer noopener"><em>https://www.gartner.com/en/research/methodologies/gartner-hype-cycle</em></a></figcaption></figure></div>



<h2>In the best-case scenario</h2>



<p>Most of these blockchain startups are bought by others, and this phase of all-out entrepreneurship will have trained the population to these new technologies. A generation of entrepreneurs will have been sensitized to blockchain and it is a safe bet that this will boost the whole ecosystem.</p>



<p>With the solutions to fabricated problems removed, workforce trained, and the genuine entrepreneurs thriving, the ecosystem will benefit from healthy but exceptional growth as we observed in the years leading up to the tech bubble.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="800" height="290" src="http://nfcms1/app/uploads/2020/05/total-us-vc-investments.png" alt="" class="wp-image-1366" srcset="http://nfcms1:80/app/uploads/2020/05/total-us-vc-investments.png 800w, http://nfcms1:80/app/uploads/2020/05/total-us-vc-investments-300x109.png 300w, http://nfcms1:80/app/uploads/2020/05/total-us-vc-investments-768x278.png 768w" sizes="(max-width: 800px) 100vw, 800px" /><figcaption><em>Source: </em><a href="https://en.wikipedia.org/wiki/Dot-com_bubble#/media/File:US_VC_funding.png" target="_blank" rel="noreferrer noopener"><em>https://en.wikipedia.org/wiki/Dot-com_bubble#/media/File:US_VC_funding.png</em></a></figcaption></figure></div>



<h2>Some positive thoughts to conclude</h2>



<p>Of course, this is only one future perspective for blockchain. With this evaluation we want to refocus the debate on how to create true utility and value using blockchain instead of hype and wishful thinking. We would like any new blockchain project to answer those two simple questions before launching:</p>



<p><em>What value will my product bring to my users?</em></p>



<p><em>How will blockchain help my project technologically, more than any other technology?</em></p>



<div style="height:30px" aria-hidden="true" class="wp-block-spacer"></div>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/businesses" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1024x1024.png" alt="Need help with your launch? Tokenomics, pricing, and scarcity... Ask our NFT market experts" class="wp-image-66379" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Exploring how poor startup pitches and practices bring us closer to the next major blockchain bubble.

The good and the bad about blockchain business pitches: where are we going?


<p>You have probably already been hearing about it… one year after the first LAND auction, the <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland </a>team is organizing the second round and announced to auction all of the remaining 9,300 LANDs.</p>



<p>The second LAND auction will start on the 10th of December at 00:00 GMT and will last two weeks.</p>



<p><a href="https://nonfungible.com/" target="_blank" rel="noreferrer noopener">NonFungible.com</a> will help you throughout the auction, we will provide you with all of the information you need to get ready to purchase the LAND you want on D-Day!<a href="https://twitter.com/nonfungibles" target="_blank" rel="noreferrer noopener"> Follow us on Twitter</a> to take advantage of our analysis, predictions, and statistics every day: before, during and after the auction!</p>



<h2>What is LAND? Why would I buy one?</h2>



<p>For those who still ignore it, here’s a little reminder: “LAND”, represents a 10m x 10m piece of the digital universe on the Ethereum Blockchain. LAND is the main component of Decentraland’s metaverse. If you’ve seen <strong><em>Ready Player One,</em></strong> you can consider that every location in the film is an experience, on these LAND in Decentraland.</p>



<p>Once you have acquired non-fungible LAND tokens, you are the only one to decide what is built on that LAND in the metaverse.</p>



<ul><li>A video-game? An RPG? A racing game?</li><li>E-commerce in Virtual Reality?</li><li>A space for social experiences in the virtual world?</li></ul>



<p>In a nutshell, you can build whatever you want and provide the service you wish to anyone visiting your plot. You decide the rules on your LAND, you actually own it!</p>



<h2>How will this LAND auction work?</h2>



<p>For this second auction, <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland </a>chose the Dutch Auction system. The principle is simple:</p>



<ul><li>Every parcel is proposed at the same maximum starting price: 200,000 MANA (about $12,000 with MANA @ $0.06)</li><li>Price will gradually go down to 1,000 MANA at a pre-determined rate until the LAND is bought.</li></ul>



<p>The challenge will be to take the risk of waiting for the price of the desired parcel to fall. But, take care not to wait too much because there will be hundreds of anxious buyers…</p>



<p>Prices will evolve as follows:</p>



<p>Day 0 — At the start of the first day, the price will start at 200,000 MANA</p>



<p>Day 1 — Throughout the first day, the price will reduce to 100,000 MANA.</p>



<p>Day 2 — Throughout the second day, the price will reduce to 50,000 MANA.</p>



<p>Day 3–8 — From the third day through the eighth day, the price will drop 5,000 MANA <strong>per day</strong>.</p>



<p>Day 9–15 — From the ninth day through the end of the auction, the price will drop 3,000 MANA <strong>per day</strong> until a final price of 1,000 MANA is reached.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="800" height="358" src="http://nfcms1/app/uploads/2020/05/decentraland-second-auction-price-chart.jpeg" alt="" class="wp-image-1368" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-second-auction-price-chart.jpeg 800w, http://nfcms1:80/app/uploads/2020/05/decentraland-second-auction-price-chart-300x134.jpeg 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-second-auction-price-chart-768x344.jpeg 768w" sizes="(max-width: 800px) 100vw, 800px" /><figcaption>Source:<a href="https://decentraland.org/blog/" target="_blank" rel="noreferrer noopener"><em> decentraland.org</em></a></figcaption></figure></div>



<h2>How to take part in the auction?</h2>



<p>Here is a list of the prerequisites for taking part in the auction and having a chance to acquire some LAND:</p>



<ul><li>Have the<a href="https://metamask.io/" target="_blank" rel="noreferrer noopener"> MetaMask</a> plugin installed and account setup</li><li>Have enough MANA on this account for the LAND and price you would like to buy</li><li>Be connected to the auction URL on December 10th!</li></ul>



<h2>Key figures about the second auction</h2>



<p><strong>9,300</strong> <strong>LAND </strong>for sale in the auction</p>



<p><strong>15 DAYS </strong>of auction</p>



<p>Up to <strong>1.86 BILLION MANA</strong> ($124,620,000) could be spent and burned during the auction if all the LAND were bought at the maximum price of 200,000 MANA. [<strong><em>reminder</em></strong><em>: all the MANA spent during the auction will be “burned” and will disappear from the global circulation</em>]</p>



<p>We have calculated an estimate of MANA that could likely be burned during the auction. We have based our estimation on:</p>



<ul><li>LAND market history of these two last months</li><li>The data from the first auction</li><li>Public data shared by the Decentraland team on their website and social media</li></ul>



<p>We estimate that around <strong>250 to 300 million MANA</strong> could likely be burned during this auction.</p>



<p>As a reminder, the circulating supply (excluding Decentraland’s wallet) is composed of 1.27 billion MANA, on a total MANA Supply of 2.64 billion. So, between 1/4 and 1/3 of all the circulating MANA could be burned during the second LAND auction.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="323" src="http://nfcms1/app/uploads/2020/05/decentraland-transparency.png" alt="" class="wp-image-1369" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-transparency.png 1200w, http://nfcms1:80/app/uploads/2020/05/decentraland-transparency-300x81.png 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-transparency-1024x276.png 1024w, http://nfcms1:80/app/uploads/2020/05/decentraland-transparency-768x207.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption><em>Source: transparency.decentraland.org</em></figcaption></figure></div>



<h4><strong>The main differences with the first auction</strong></h4>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="800" height="321" src="http://nfcms1/app/uploads/2020/05/decentraland-auction-parcel-distribution.png" alt="" class="wp-image-1370" srcset="http://nfcms1:80/app/uploads/2020/05/decentraland-auction-parcel-distribution.png 800w, http://nfcms1:80/app/uploads/2020/05/decentraland-auction-parcel-distribution-300x120.png 300w, http://nfcms1:80/app/uploads/2020/05/decentraland-auction-parcel-distribution-768x308.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure></div>



<h2>Get a head start with NonFungible.com</h2>



<p>Do you prefer to be part of the scrum during the auction or do you prefer to approach the sale with all the necessary information, and an accurate analysis of market trends?</p>



<p>In anticipation of this second auction, follow us on<a href="https://twitter.com/nonfungibles" target="_blank" rel="noreferrer noopener"> Twitter</a> and Medium to hear the latest:</p>



<ul><li>Statistics recap of the December 2017 first auction to understand the market reaction and anticipate future trends</li><li>The detailed catalog of all parcels put on sale during this new auction</li><li>Day-by-day auction tracking (distribution of purchased LANDs, details of still available LANDs)</li></ul>


You have probably already heard about it… one year after the first LAND auction, Decentraland team organized the second round and…

Get ready for Decentraland second auction!


<h2>A Space Full of Promises</h2>



<p> The NFT market experienced an euphoric period in 2021, which allowed for global testing of its potential and promises. And there have been many promises:</p>



<ul><li>&#8220;True ownership&#8221;</li><li>Data immortality</li><li>Censorship-resistant</li><li>Paradigm shift in the art world</li><li>Artist valuation</li><li>Lifetime royalties</li></ul>



<p>These promises, which are goals, were perhaps perceived as givens, and many were disappointed with their Web3 experience. Let&#8217;s be honest: the market was too young to fulfill all of these.</p>



<p>Yet, here we are in mid-2023, and the NFT ecosystem continues to advance every day, one step at a time, sometimes under difficult conditions. For example, the NFT standard for royalties (<a href="https://eips.ethereum.org/EIPS/eip-2981" target="_blank" rel="noreferrer noopener">EIP-2981</a>) has been increasingly used, but Opensea was slow to integrate it&#8230; then <a href="https://nftnow.com/news/nft-marketplace-wars-blur-tells-users-to-ban-opensea/" target="_blank" rel="noreferrer noopener">a war between NFT marketplaces</a> erupted. Amid the bidding war of initiatives aimed at optimizing transaction fees as much as possible, one move unanimously angered the artist community: <a href="https://www.coindesk.com/web3/2022/10/27/nft-marketplace-looksrare-switches-to-optional-royalties/" target="_blank" rel="noreferrer noopener">the removal of &#8220;creators&#8217; fees&#8221; or royalties</a>. Faced with the pressure, the marketplaces partially backtracked and left the choice to users whether or not to pay royalties.</p>



<p>With the arrival of <a href="https://decrypt.co/resources/what-are-ordinals-a-beginners-guide-to-bitcoin-nfts" target="_blank" rel="noreferrer noopener">Ordinals</a>, the promise of immortality and censorship resistance is fulfilled. The debate over block size has long been resolved by the Bitcoin community, so the question now is which masterpiece deserves to exist forever.</p>



<p>However, the naive atmosphere of 2018-2019 is gone. The NFT market is maturing, and so is the digital art market. Despite some objections, promises continue to be fulfilled, and more are yet to come, particularly thanks to <a href="https://ethereum.org/en/roadmap/account-abstraction/" target="_blank" rel="noreferrer noopener">account abstraction</a>. But before we get too carried away with the future, let&#8217;s take a comprehensive look at the art market, and more specifically, the current state of royalties for artists.</p>



<h2>Methodology</h2>



<p>For this report, we used only on-chain transactions of ERC-721 tokens on Ethereum. Of all the NFT transfers, a significant portion cannot be considered as an integral part of the market (tests, bots, wash-trading, etc.) and therefore, have been removed from this report.</p>



<p>From April 2018 to July 2023, 398 individual Smart Contracts on Ethereum were taken into account for this study, out of a total of 10,915 Smart Contracts tracked. Here are the main marketplaces collections observed, :</p>



<ul><li><a href="https://nonfungible.com/market-tracker/superrare" target="_blank" rel="noreferrer noopener">SuperRare</a></li><li><a href="https://nonfungible.com/market-tracker/knownorigin" target="_blank" rel="noreferrer noopener">Known Origin</a></li><li><a href="https://nonfungible.com/market-tracker/foundation" target="_blank" rel="noreferrer noopener">Foundation</a></li><li><a href="https://nonfungible.com/market-tracker/makersplace" target="_blank" rel="noreferrer noopener">Makersplace</a></li><li><a href="https://nonfungible.com/market-tracker/artblocks" target="_blank" rel="noreferrer noopener">Art Blocks</a></li></ul>



<p>Royalties have been calculated based on sales in the secondary market and vary depending on the fees taken by the marketplaces for the sales that took place on them. To find out what the artist received, the percentage taken by the marketplace was deducted from the amount of transaction fees, excluding gas fees.</p>



<p>Here are the percentages taken by each marketplace on the secondary market:</p>



<ul><li>SuperRare: 3%</li><li>Opensea: 2.5%</li><li>Known Origin: 2.5%</li><li>Makersplace: 2.5%</li><li>Foundation: 5%</li><li>Rarible: 1%</li></ul>



<p>Note that starting from January 2023, royalties have become optional on Opensea and other marketplaces.</p>



<h2>Art and NFT : Global Statistics</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="724" height="546" src="http://nfcms1/app/uploads/2023/09/nft-art-global-stats.jpg" alt="nft art global stats" class="wp-image-288754" srcset="http://nfcms1:80/app/uploads/2023/09/nft-art-global-stats.jpg 724w, http://nfcms1:80/app/uploads/2023/09/nft-art-global-stats-300x226.jpg 300w" sizes="(max-width: 724px) 100vw, 724px" /><figcaption>Global statistics of the NFT Art market</figcaption></figure></div>


<p>Like the rest of the NFT market, August 2021 marked a turning point in the art sector. The peak is particularly explained by Art Blocks, which generated a sales volume of $657 million, representing 77% of the total volume for August 2021. This percentage has gradually decreased to make room for individual creators&#8217; smart contracts.</p>



<p>The sale of Beeple&#8217;s work in February 2021 was as much a trigger for the NFT &#8220;bull market&#8221; as the war in Ukraine in March 2022 was an end marker. Since then, volumes have decreased despite the proliferation of art-focused marketplaces and the entry of traditional auction houses.</p>



<h2>Art Collectors Are For NFT Royalties</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="782" height="548" src="http://nfcms1/app/uploads/2023/09/nft-art-royalties-share-fees-sales.jpg" alt="nft art royalties share fees sales" class="wp-image-288689" srcset="http://nfcms1:80/app/uploads/2023/09/nft-art-royalties-share-fees-sales.jpg 782w, http://nfcms1:80/app/uploads/2023/09/nft-art-royalties-share-fees-sales-300x210.jpg 300w, http://nfcms1:80/app/uploads/2023/09/nft-art-royalties-share-fees-sales-768x538.jpg 768w" sizes="(max-width: 782px) 100vw, 782px" /><figcaption>Share of the fees paid by NFT collectors through time</figcaption></figure></div>


<p>The issue of royalties has always been central to the NFT ecosystem. For the art market, many worried voices have risen at the end of 2022 because of Blur&#8217;s relentlessness to remove royalties from sales.<br>Collateral victim, the art market has not been spared by this war between marketplace and the number of sales with fees worth less than 5% the sale price has radically increased to reach 70% of the volume in April 2023. By leaving the fees and royalties optional for collectors, it would seem that Opensea has returned the hot potato of responsibility directly to users, who have not deprived themselves of paying less fees. </p>



<p>But despite this shock, the percentage of the number of transactions at 0% royalties has not changed much since the beginning of 2023. It seems that the artistic sector has been heard by collectors: <strong>even if it is time to save money because of the bear market, support for artists remains here</strong>.</p>



<h2>NFT Marketplaces volume</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="585" src="http://nfcms1/app/uploads/2023/09/USD-Volume-marketplaces-nft-1024x585.jpg" alt="USD Volume marketplaces nft" class="wp-image-288697" srcset="http://nfcms1:80/app/uploads/2023/09/USD-Volume-marketplaces-nft-1024x585.jpg 1024w, http://nfcms1:80/app/uploads/2023/09/USD-Volume-marketplaces-nft-300x171.jpg 300w, http://nfcms1:80/app/uploads/2023/09/USD-Volume-marketplaces-nft-768x439.jpg 768w, http://nfcms1:80/app/uploads/2023/09/USD-Volume-marketplaces-nft.jpg 1070w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Tota USD volume per NFT marketplaces</figcaption></figure></div>


<p>Sales volume was concentrated on the first NFT art marketplaces such as SuperRare, Known Origin or Makerplaces until August 2021. The arrival of Artblocks and Foundation then opened the door to a larger secondary market that took place on Opensea. In addition to these two new art marketplaces, the number of individual smart contracts experienced a strong growth in 2021, further accentuating the sales volume on Opensea.</p>



<p>The total USD volume of each marketplace is:</p>



<ul><li>Opensea: $1,165,440,863</li><li>SuperRare: $283,058,027</li><li>ArtBlocks: $247,670,326</li><li>Foundation: $138,697,370</li><li>Makerplace: $24,601,867</li><li>Known Origin: $21,013,247</li></ul>



<p>With more than one billion volumes, Opensea is undoubtedly the marketplace that has the most volume on the primary and secondary market combined. This is explained in particular by the prices on the secondary market which soared in 2021 but also the increase in personal smart contracts since that period. In the absence of an internal marketplace, the volume was therefore concentrated on Opensea. Despite a low number of sales, SuperRare occupies the 2nd place with $283,058,027 in volume, confirming its place as the leading marketplace specializing in art.</p>



<p>With an average monthly volume of $2,102,499 for the first half of 2023, the NFT art market has evolved dramatically since 2018. Indeed, recall that this average was $981 in 2018, $ 6,581 in 2019 and $ 151,321 in 2020. In 2021 and 2022, it was $15,649,496 and $10,075,242 respectively.</p>



<h2>Fees Earned by NFT Marketplace</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="947" height="512" src="http://nfcms1/app/uploads/2023/09/fees-nft-marketplace.jpg" alt="fees nft marketplace" class="wp-image-288702" srcset="http://nfcms1:80/app/uploads/2023/09/fees-nft-marketplace.jpg 947w, http://nfcms1:80/app/uploads/2023/09/fees-nft-marketplace-300x162.jpg 300w, http://nfcms1:80/app/uploads/2023/09/fees-nft-marketplace-768x415.jpg 768w" sizes="(max-width: 947px) 100vw, 947px" /><figcaption>Fees earned by NFT marketplace through time</figcaption></figure>



<p>Combining the fees collected on the primary and secondary market, the total volume of the 7 main marketplaces represents $93,858,531. SuperRare is the marketplace that represents the largest volume as of July 1, 2023 with $32,732,362 then Foundation with $21,865,617 and Opensea with $19,276,549.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2023/09/fees-earned-marketplace-usd.jpg" alt="fees earned marketplace usd" class="wp-image-288706" width="486" height="442" srcset="http://nfcms1:80/app/uploads/2023/09/fees-earned-marketplace-usd.jpg 584w, http://nfcms1:80/app/uploads/2023/09/fees-earned-marketplace-usd-300x273.jpg 300w" sizes="(max-width: 486px) 100vw, 486px" /><figcaption>All time fees earned by NFT marketplaces</figcaption></figure></div>


<p>The fees collected are mainly concentrated on artistic marketplaces including the secondary market.<br>The volume on Opensea concerns individual art collections that did not have a dedicated marketplace to sell their works. Rarible, despite its low fees, recovered $237,375 in market fees.</p>



<p>Representing 79% of the costs recovered, artistic marketplaces dominate the artistic royalty market compared to more general marketplaces such as Opensea or Rarible</p>



<h2>Primary Art Market </h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="702" src="http://nfcms1/app/uploads/2023/09/primary-market-nft-artists-usd-1024x702.jpg" alt="primary market nft artists usd" class="wp-image-288710" srcset="http://nfcms1:80/app/uploads/2023/09/primary-market-nft-artists-usd-1024x702.jpg 1024w, http://nfcms1:80/app/uploads/2023/09/primary-market-nft-artists-usd-300x206.jpg 300w, http://nfcms1:80/app/uploads/2023/09/primary-market-nft-artists-usd-768x526.jpg 768w, http://nfcms1:80/app/uploads/2023/09/primary-market-nft-artists-usd.jpg 1045w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Primary sales and USD volume through time</figcaption></figure></div>


<p>The primary market is the preferred source of income for artists. With a total of $411,581,497 for 665,069 sales, this market that exploded in 2021 balanced in 2022 at levels higher than 2020. </p>



<p>This decline in sales can be explained by several factors: </p>



<ul><li>collectors prefer &#8220;safe&#8221; purchases like XCOPY or Fidenza on the secondary market</li><li>The artists who arrived in 2021 did not stay</li><li>The bear market makes it very difficult for individuals to buy</li></ul>



<p>It is in this environment that artists, however more numerous compared to 2020, must evolve.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="487" height="416" src="http://nfcms1/app/uploads/2023/09/primary-average-mediane-usd.jpg" alt="primary average mediane usd" class="wp-image-288714" srcset="http://nfcms1:80/app/uploads/2023/09/primary-average-mediane-usd.jpg 487w, http://nfcms1:80/app/uploads/2023/09/primary-average-mediane-usd-300x256.jpg 300w" sizes="(max-width: 487px) 100vw, 487px" /><figcaption>All time Primary USD &#8211; Average vs Mediane</figcaption></figure></div>


<p>Although the volumes for the artistic sector are high, it is nevertheless necessary to relativize the success of the artists who embark on it. Taking all the volume since 2018, the average primary market sales is $67,762 but looking at the median, it only stands at $3,588.</p>



<p>This disparity is explained by the volumes generated by significant primary sales of a minority of collections (Pak, Hackatao, XCOPY&#8230;) but are not representative of the majority of the market.</p>



<h2>Artists, NFT and Royalties</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="1021" height="538" src="http://nfcms1/app/uploads/2023/09/royalties-nft-USD-artists.jpg" alt="royalties nft USD artists" class="wp-image-288718" srcset="http://nfcms1:80/app/uploads/2023/09/royalties-nft-USD-artists.jpg 1021w, http://nfcms1:80/app/uploads/2023/09/royalties-nft-USD-artists-300x158.jpg 300w, http://nfcms1:80/app/uploads/2023/09/royalties-nft-USD-artists-768x405.jpg 768w" sizes="(max-width: 1021px) 100vw, 1021px" /><figcaption>Royalties earned by artists and creators through time</figcaption></figure></div>


<p>Combining the fees collected on the primary and secondary market, the total volume of the 7 main marketplaces represents $93,858,531. SuperRare is the marketplace that represents the largest volume as of July 1, 2023 with $32,732,362 then Foundation with $21,865,617 and Opensea with $19,276,549.</p>



<p>Although the primary market seems much less important than the secondary market at first glance, in reality it is the main source of income for artists and creators. But do all artists manage to sell in the same way?</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="941" height="752" src="http://nfcms1/app/uploads/2023/09/top-100-vs-other-nft-project.jpg" alt="top 100 vs other nft project" class="wp-image-288726" srcset="http://nfcms1:80/app/uploads/2023/09/top-100-vs-other-nft-project.jpg 941w, http://nfcms1:80/app/uploads/2023/09/top-100-vs-other-nft-project-300x240.jpg 300w, http://nfcms1:80/app/uploads/2023/09/top-100-vs-other-nft-project-768x614.jpg 768w" sizes="(max-width: 941px) 100vw, 941px" /><figcaption>All time Primary USD Volume per project and artists</figcaption></figure></div>


<p>Combining all artists and artistic projects the top 100 in terms of USD volume in the primary market represent nearly 58% of the NFT art market. In the absence of Nifty Gateway&#8217;s on-chain data for the primary market, some sales like Xcopy&#8217;s Max Pain were not included in this analysis.</p>



<h2>Is This Adoption ?</h2>



<p>What if we had already reached our goal without knowing it? Adoption is here, with different players of all sizes wanting to try, innovate and experiment every day.&nbsp; The euphoria has disappeared to give way to projects that must convince, works that must surpass themselves in the face of ever more educated eyes and marketplaces that speak to ancestral auction houses&#8230;</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="562" height="452" src="http://nfcms1/app/uploads/2023/09/average-mediane-artists-usd.jpg" alt="average mediane artists usd" class="wp-image-288730" srcset="http://nfcms1:80/app/uploads/2023/09/average-mediane-artists-usd.jpg 562w, http://nfcms1:80/app/uploads/2023/09/average-mediane-artists-usd-300x241.jpg 300w" sizes="(max-width: 562px) 100vw, 562px" /><figcaption>All time Royalties USD &#8211; Average vs Mediane</figcaption></figure></div>


<p>Looking at the USD average since 2018, the impression is given that it is possible to earn about $9000 through the secondary market but in reality, up to 50% of the 6000 artists and art projects earned only $15 in royalties. While marketplaces facilitate the visibility of artists, they must promote their work on their own.</p>



<p>Some excel, others less so. These complementarities create connections and form new &#8220;organized artist groups&#8221; that continue to test and experiment in chat rooms. Now that the risks are better understood every day, what will be the next step?</p>


Many artists and creators are worried about NFT marketplaces' decisions regarding royalties. Let's take a look at the data...

NFT, Art and Royalties


<h2>From ‘Free to Play’ to ‘Play to Earn’ to ‘Free to Own’</h2>



<p>Today, to play a video game, there are several possible options. The first, the most classic, is to buy the game to be able to play it. Soon, another model appeared, the &#8216;free to play&#8217; (F2P) which allows you to play the game for free with theoretically the possibility of finishing it. True, Free to Play games are free but many mini in-game purchases are pretty much required to improve your character, unlock quests or buy bonuses and so on..</p>



<p>Since 2018, a term has gained popularity to designate games that allow you to win NFTs or crypto: the &#8216;<a href="http://nonfungible.com/academy/nft/gamefi-play-to-earn" target="_blank" rel="noreferrer noopener">Play to Earn</a>&#8216;. After the crypto market crash at this time, a great public disinterest followed. But users who patiently suffered the pain were eventually treated with generous giveaways from <a href="http://nonfungible.com/market-tracker/axieinfinity" target="_blank" rel="noreferrer noopener">Axie Infinity</a>, <a href="http://nonfungible.com/market-tracker/thesandbox" target="_blank" rel="noreferrer noopener">The Sandbox</a>, <a href="http://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland</a> and <a href="https://godsunchained.com/" target="_blank" rel="noreferrer noopener">Gods Unchained</a>.</p>



<p>&#8216;Play to Earn&#8217; has subsequently become a marketing argument for many concepts: &#8216;Play and Earn&#8217;, &#8216;Move to Earn&#8217;, &#8216;Own to Earn&#8217; and today <a href="https://digidaigaku.com/" target="_blank" rel="noreferrer noopener">DidiDaigaku</a> offers &#8216;Free to Own&#8217;.</p>



<h2>What do we own with DigiDaigaku?</h2>



<p>Difficult to know because there is very little information available about the project to date. With no roadmap announced and no Whitepaper available, getting informed about the stages of the project you have to put your trust into the Twitter account of the CEO Gabriel Leydon.</p>



<p>&#8216;Free to Own&#8217; is the main concept of <a href="http://nonfungible.com/market-tracker/digidaigaku" target="_blank" rel="noreferrer noopener">DigiDaigaku</a>. Given the dazzling success of the collection, this concept deserves our attention. &#8216;Real ownership&#8217; being a strong principle of Web3, what do you really have when buying an NFT from DigiDaigaku?</p>



<p>First of all, reading the <a href="https://digidaigaku.com/tos.pdf" target="_blank" rel="noreferrer noopener">GCU</a>, it would seem that the owner of the NFT does not have much right to the reuse of the work contained in the token. In addition, the .json file is hosted centrally on their server.</p>


<div class="wp-block-image">
<figure class="aligncenter"><img src="https://lh5.googleusercontent.com/b5aeVrPD4JFl7jE0pwLk8gebl9aVIsaiUBPhK9WOvwjn9Z9S022Xkel--tgKmXHV85zKy6CUEQFH7ke_KFJlNZ0S292c-gE7__mch2Ce4WLmRPxH8fjFL4vmhagPgTry70aRYq5gPfWI2_MEMCw_gCBh98wflAM09XnBl3OwxnRweVL-WhqJLx3FZwBe" alt=""/></figure></div>


<p>It&#8217;s normal to want to adjust settings along the way for video game assets. But in the strict sense of &#8220;real possession&#8221;, it would seem here that the buyer does not own that much.</p>



<h2>Analysis of the DigiDaigaku Free Mint.</h2>



<p>The major marketing point of this project is that it’s free! Undeniable fact: the mint was free. Only, the mint was &#8216;stealthy&#8217;. This means that a limited number of people were aware that it was coming. Let&#8217;s go into more detail about this mint through an analysis of the hard NFT data.</p>



<p>On August 9,<a href="https://web.archive.org/web/20220809185449/https:/twitter.com/gabrielleydon/status/1557077395290480641" target="_blank" rel="noreferrer noopener"> Gabriel Leydon announced that DigiDaigaku&#8217;s mint</a> was open. Announcement taken up by<a href="https://twitter.com/limitbreak/status/1557077488399921153" target="_blank" rel="noreferrer noopener"> Limit Break</a> in the aftermath. With a mint limit of 1 NFT per wallet, we counted 1926 unique wallets that were able to participate in this mint. Remember that a wallet does not represent a real user. Please note:</p>



<ul><li>The contract deployer has mined 97 (from asset ID #3 to #99).</li><li>The first two NFTs were mined by two unique wallets. These two NFTs were transferred to the deployer after being mined.&nbsp;</li></ul>



<p>After the first 100 NFTs, the mint lasted 13 minutes before ending. Sales soared and in one hour the price of sales stabilized around $1000 until the end of the day. Even though the mint was free, the least we could say was that it was not fair to everyone. In addition, access to the project quickly became out of reach for lower-budget users.</p>



<h2>Analysis of the DigiDaigaku Minters</h2>



<p>Given the speed with which the collection has been minted and its stealth nature, it may be interesting to look further into the wallets that participated in this event. Taking the number of sales per wallet as the main indicator, here is a summary table of their performance.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2022/09/digidaigaku-minters-performance-1024x576.jpg" alt="digidaigaku minters performance" class="wp-image-66912" srcset="http://nfcms1:80/app/uploads/2022/09/digidaigaku-minters-performance-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/09/digidaigaku-minters-performance-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/09/digidaigaku-minters-performance-768x432.jpg 768w, http://nfcms1:80/app/uploads/2022/09/digidaigaku-minters-performance.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>DigiDaigaku Minters Performance</figcaption></figure></div>


<p>For this analysis, we considered data from August 9th, 2022 to September 4th, 2022. Sales that took place on Sudoswap were identified as transfers, so sales that took place on that exchange were not taken into account.</p>



<p>Of the 930 addresses that made 0 sales, 776 had only the interaction of sending their NFT to another address. It was also this group that made the most purchases (81) for a total of $165,578.</p>



<p>The 879 addresses that made 1 sale generated $1,165,340 in volume with an average price of $1,325. We identified 11 purchases for an average of 65.82 dollars. The detail is given in the table above, but addresses with more than two sales represent 515 sales for a total of $1,605,701.</p>



<h2>Activity of DigiDaigaku NFTs</h2>



<p>Regarding the assets themselves, let&#8217;s take a closer look at their activities. Sales were separated from transfers with the exception of sales that took place on Sudoswap being counted as transfers.</p>



<p>DigiDaigaku #826 has been sold 10 times and has 12 transfers. Other assets also have a significant number of transfers:</p>



<ul><li>#1730 has been transferred 20 times for 2 sales.</li><li>#626, 19 times for 3 sales.</li><li>#216, 18 times for 4 sales.</li><li>#308, 17 times for one sale.</li></ul>



<p>These few NFTs show abnormally high activity compared to other NFT transfers. NFTs transferred from 1 to 5 times represent 4114 transfers or 89% of total transfers.</p>



<h2>DigiDaigaku Analysis Conclusions</h2>



<p>What can we conclude from this data? Our first analysis of the DigiDaigaku&#8217;s mint published on social networks last week highlighted the profits generated by the different buyers of this collection. Only, the USD indicator alone can be misleading and after a month of DigiDaigaku&#8217;s mint, it seemed necessary to us to be more precise about this collection.</p>



<p>Although the mint was free, its stealth aspect, which is reserved for a small group of individuals, calls into question its supposed accessibility. Despite the August 9th entry price of more than $12,000, the usefulness of the DigiDaigaku Genesis is still not displayed on the project website.</p>



<p>It is therefore difficult to continue to discuss any gratuity. In view of the license of use for collectors which is very restrictive and greedy in its data collection, it is hard to know what anyone really owns..!</p>



<p>With no real usability and with a team still forming, it would seem that the interpretation of the &#8216;Free to Own&#8217; model is the subject of strong speculation. <a href="https://twitter.com/gabrielleydon/status/1567262869577961472" target="_blank" rel="noreferrer noopener">Gabriel Leydon explained the possibilities</a> offered by the airdrop received (the Spirits) but it will surely be necessary to be very patient before being able to test the promised adventure game in full.</p>



<p>This is one project that has exhibited the importance of digging into the data to get a full picture of its current and past behavior and real community.</p>



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During the month of August, one project has been much talked about: DigiDaigaku, let's take a look back at this project.

DigiDaigaku: not so ‘Free to Own’


<p>CryptoPunks and Bored Ape Yacht Club (BAYC), the two main NFT Profile for Picture projects (PFP), have long been fighting for market monopoly. <strong>Has this competitive era now ended?&nbsp;</strong></p>



<p>In a landmark acquisition Yuga Labs, creator of BAYC, has recently purchased the intellectual property of both the CryptoPunks and Meebits collections from OG creators Larva Labs.</p>



<p>Let&#8217;s take a look at this rivalry over time and the potential consequences of these projects unification.</p>



<h2><strong>Back to the rivalry between BAYC and CryptoPunks</strong></h2>



<p>Punks and BAYC are two pivotal collections made up of 10,000 NFTs each. The first was launched in June 2017 and could be minted for free for those willing to pay the gas fees, the second was launched in April 2021 and offered at 0.08 ETH.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2022/03/BAYC-vs-CryptoPunks-USD-Volume.jpg" alt="BAYC vs CryptoPunks USD Volume" class="wp-image-19307" srcset="http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-USD-Volume.jpg 1280w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-USD-Volume-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-USD-Volume-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-USD-Volume-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em> BAYC vs CryptoPunks &#8211; USD Volume </em></figcaption></figure></div>



<p>In this chart, the USD sales volume of CryptoPunks as well as the three collections of the Bored Ape family (Bored Ape Yacht Club, Bored Kennel Yacht Club and Bored Mutant Yacht Club) were taken into account.</p>



<p>Interestingly, a flippening took place in early October 2021 and this trend has never reversed since and has even been accentuated with <strong>the floor price of BAYC surpassing that of CryptoPunks</strong> for the first time at the beginning of January 2022. On January 4, the BAYC floor price reached 69 ETH while the Punks floor was 68 ETH and since then Bored Apes has remained on top.</p>



<p>Currently, the lowest priced Punk for sale is 69.7 ETH (about $180,500) while Apes are trading for a minimum of 96 ETH (about $250,000).</p>



<figure class="wp-block-image size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2022/03/BAYC-vs-CryptoPunks-number-of-sales.jpg" alt="BAYC vs CryptoPunks number of sales" class="wp-image-19305" srcset="http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-number-of-sales.jpg 1280w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-number-of-sales-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-number-of-sales-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-number-of-sales-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em>BAYC vs CryptoPunks &#8211; Number of sales</em></figcaption></figure>



<p>Looking at the volume of sales between the two rivals, it is very clear that the volume is much larger for the Ape family.</p>



<p>This is explained by significant demand on one hand, but also in relation to the entry price which was much lower than that of CryptoPunks at that time.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2022/03/BAYC-vs-CryptoPunks-average-USD.jpg" alt="BAYC vs CryptoPunks average USD" class="wp-image-19303" srcset="http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-average-USD.jpg 1280w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-average-USD-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-average-USD-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/BAYC-vs-CryptoPunks-average-USD-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em>BAYC vs CryptoPunks &#8211; Average USD price</em></figcaption></figure></div>



<p>CryptoPunk #7523, one of nine very rare Alien Punks, was sold for a record $11.8 million by Sotheby&#8217;s. On the Larva Labs marketplace, the highest selling price was CryptoPunk #4156 for $10.26 million.</p>



<p>The on-chain sale record for the Bored Apes collection was lower, with Ape number #2087 selling for 769 ETH. BAYC #8817, the third rarest golden fur Ape, selling for a record $3.4 million at a Sotheby&#8217;s auction in October 2021.</p>



<h3>How to explain this trend?</h3>



<p>BAYC are much more recent and ultimately took the inspiration of creating randomly generated avatars from CryptoPunks. However, the creators of BAYC have taken the concept to another level by presenting the collection as an exclusive social organization and offering additional benefits.</p>



<p>In addition, BAYC has more generous intellectual property rights compared to CryptoPunks.&nbsp; Jimmy McNelis, owner of 3 Bored Apes and 1 Mutant Ape, was able to create a virtual music band called Kingship with Universal Music.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">NEWSFLASH: UMG’s next-gen label 10:22PM forms 𝐊𝐈𝐍𝐆𝐒𝐇𝐈𝐏, the First-Ever Group Consisting of NFT Characters from Bored Ape Yacht Club.🐒 <a href="https://t.co/zMSAq4HI2Z">pic.twitter.com/zMSAq4HI2Z</a></p>&mdash; Universal Music Group (@UMG) <a href="https://twitter.com/UMG/status/1458905852392325130?ref_src=twsrc%5Etfw">November 11, 2021</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The adoption of BAYCs by celebrities has also accelerated the trend. For example, celebrities such as Justin Bieber, Eminem, Snoop Dog, Stephan Curry, Timbaland, Steve Aoki, Serena Williams and Paris Hilton own an Ape. BAYC reportedly has a concierge service that helps celebrities become owners, unlike Larva Labs, which doesn&#8217;t do much in that direction.</p>



<p>Cozomo de Medici summed up the &#8220;flippening&#8221; reasons well <a href="https://twitter.com/CozomoMedici/status/1503494873827069952" target="_blank" rel="noreferrer noopener">in a tweet</a>:&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="597" height="389" src="http://nfcms1/app/uploads/2022/03/cozomo-de-medici-larva-labs.png" alt="cozomo de medici larva labs" class="wp-image-19309" srcset="http://nfcms1:80/app/uploads/2022/03/cozomo-de-medici-larva-labs.png 597w, http://nfcms1:80/app/uploads/2022/03/cozomo-de-medici-larva-labs-300x195.png 300w" sizes="(max-width: 597px) 100vw, 597px" /></figure></div>



<h2><strong>Yuga Labs acquires CryptoPunks and Meebits collections</strong></h2>



<p>Yuga Labs acquired not only the intellectual property of the CryptoPunks but also the Meebit collections from Larva Labs.</p>



<p>As part of this acquisition, Yuga Labs owns the copyright to the CryptoPunks and Meebits collections. As well as 423 Punks and 1711 Meebits. With this transaction, they will own the trademarks and logos for both collections.</p>



<p>Yuga Labs plans to transfer the intellectual property, commercial rights and licensing rights to the holders of the NFTs. The company plans to grant CryptoPunks and Meebits the same commercial rights that the holders of BAYC have.</p>



<p>The creators of CryptoPunks have been criticized for their lack of involvement with intellectual property rights and their commitment to the community, in response a statement was shared by the founders:&nbsp;</p>



<blockquote class="wp-block-quote"><p><em>« In many ways Yuga is the innovator of the model for the modern PFP project, and are the best people in the world at operating and growing these projects and communities around them. At the same time, we found they have deep respect for the history and origins of the NFT world, and want nothing more than to honor that while expanding its reach and size into popular culture at large. »</em></p></blockquote>



<p>Note that Larva Labs will continue to work on its other projects such as Road Trip and Autoglyphs.</p>



<h2><strong>Conclusion</strong></h2>



<p>A page is turned with this acquisition, but the previous rivalry had indirectly generated hype and engagement, two vital elements for a dynamic market. As in any market, competition can be healthy and with this acquisition, the rivalry between the two projects more or less ceases.&nbsp;</p>



<p>Is this acquisition of Yuga labs and its new dominance a good thing for the market? Is concentration a risk for the market? Some observers are already worried that Meta (ex-Facebook) might one day get its hands on Yuga Labs.</p>



<p>Will collectors turn to other projects for diversification? Whatever the outcome it’s likely that other PFP collections such as Doodle and Azuki will indirectly benefit from this new market dynamic..only time will tell on the future of NFT PFPs.</p>



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CryptoPunks and Bored Ape Yacht Club (BAYC), the two main NFT Profile for Picture projects (PFP), have long been fighting for market monopoly. Has this competitive era now ended? 

CryptoPunks VS Bored Ape Yacht Club: The Final Clap?


<p>Since 2018, we have been committed to bringing the clearest, most complete and understandable information to everyone interested in the NFT ecosystem.</p>



<p>NonFungible.com has worked for several years producing the most comprehensive and detailed reports ever published in the history of NFTs and this year is no exception to the rule.</p>



<h2>Why are we doing this report?</h2>



<p>All our reports are designed to cater for curious newcomers as well as experienced investors.</p>



<p>We thought 2020 had been a crazy year but in the end it was just a warm-up!</p>



<p>2021 was the year to beat all the records in the NFT ecosystem, and it did for us too. It&#8217;s a real pleasure for us to compile these illuminating reports from our data and witness the incredible growth we wished for all these years.In a few figures below we highlight our efforts in providing you with our largest and most in-depth report on NFTs to date:</p>



<ul><li>More than 1,000 hours of work.</li><li>5 people mobilized for nearly 4 months.</li><li>188 pages</li><li>More than 70 metrics including a large number of metrics never published before</li><li>15 interviews</li><li>4 languages (English, French, Korean, Chinese)</li></ul>



<p>So, this year, we wanted to think big, this year the report boasts 188 pages of exclusive and in depth content, offering the reader a truly global vision of the NFT Markets. The report has also been translated into several languages for further accessibility.</p>



<p>We hope you enjoy this report and all the insights you&#8217;ll gain about NFTs and their environment!</p>



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<h2>In summary, what will you find in this report?</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2022/03/sneak-peak-free-report-1024x576.jpg" alt="sneak peak free report" class="wp-image-17641" srcset="http://nfcms1:80/app/uploads/2022/03/sneak-peak-free-report-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/sneak-peak-free-report-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/03/sneak-peak-free-report-768x432.jpg 768w, http://nfcms1:80/app/uploads/2022/03/sneak-peak-free-report.jpg 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>First of all, here’s the summary of the report :</p>



<ul><li>The Fundamentals</li><li>The Report in 5 minutes (Pro version)</li><li>Looking back on 2021</li><li>Global Market Performance</li><li>Detailed Market Performance (Pro version)</li><li>Who are the buyers and collectors of NFTs? (Pro version)</li><li>Estimate the value and buy your first NFT</li><li>How to sell NFTs? (Pro version)</li><li>The profit generated in the NFT Market (Pro version)</li><li>Focus : Art – Collectibles – Gaming – Metaverse – Utility &amp; Finance</li><li>New jobs (Pro version)</li><li>The next big challenges</li><li>Our predictions for 2022 (Pro version)</li><li>General conclusions</li></ul>



<p>We mentioned it above, and you must have noticed it last year, the market just boomed over the past year.</p>



<p>Before looking at all these figures, it is important to know that we have separated “legitimate” activities from activities that can be related to wash trading.&nbsp;</p>



<p>We have identified a global volume of nearly $ 56 billion in NFT activity over 2021, a large part of which corresponds to “unqualified” volume (no project attached to Smart Contract, wash trading, NFT as financial collateral …).</p>



<p><strong>This report is focused on the volume identified as legitimate, qualified and that can be associated with an essentially human activity.</strong></p>



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<h2>2021 NFT Global market activity</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="636" height="777" src="http://nfcms1/app/uploads/2022/03/NFT-yearly-report-2021-global-stats.jpg" alt="NFT yearly report 2021 global stats" class="wp-image-17611" srcset="http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-global-stats.jpg 636w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-global-stats-246x300.jpg 246w" sizes="(max-width: 636px) 100vw, 636px" /><figcaption>  NonFungible.com Yearly Report 2021 &#8211; Global NFT Activity</figcaption></figure></div>



<p>As we can see, there has been an explosion of NFT activity in 2021. It is interesting to note that compared to previous years, NFTs were kept for less time.</p>



<p>The total value of all NFT transactions (which includes sales and all other transactions such as “breeding”, “minting” and renting) increased from $82,492,916 in 2020 to $17,694,851,721 in 2021; an increase of 21,350% or more than 200x.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="892" height="379" src="http://nfcms1/app/uploads/2022/03/NFT-yearly-report-2021-primary-secondary-market.jpg" alt="NFT yearly report 2021 primary secondary market" class="wp-image-17609" srcset="http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-primary-secondary-market.jpg 892w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-primary-secondary-market-300x127.jpg 300w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-primary-secondary-market-768x326.jpg 768w" sizes="(max-width: 892px) 100vw, 892px" /><figcaption> NonFungible.com Yearly Report 2021 &#8211; Primary vs Secondary NFT Market</figcaption></figure></div>



<p>Market activity also increased significantly. The total number of active wallets making NFT transactions, including buying, selling, holding or using them in a blockchain application increased from 89,061 in 2020 to more than 2.5 million in 2021 (2,574,302); an increase of 1,822%.&nbsp;</p>



<p>The number of buyers rose from 75,144 in 2020 to 2,301,544 in 2021 (+2,962%) and the number of sellers increased from 31,774 to 1,197,796 (+3,669%).</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="750" height="590" src="http://nfcms1/app/uploads/2022/03/NFT-yearly-report-2021-active-wallets.jpg" alt="NFT yearly report 2021 active wallets" class="wp-image-17607" srcset="http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-active-wallets.jpg 750w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-active-wallets-300x236.jpg 300w" sizes="(max-width: 750px) 100vw, 750px" /><figcaption>NonFungible.com Yearly Report 2021 &#8211; NFT buyers vs sellers vs active wallets</figcaption></figure></div>



<p>Throughout this period of rapid growth there were opportunities to capitalize on the speculative nature of the market and make significant profits.&nbsp;</p>



<p>Over $5.4 billion of total profit was generated when buying or reselling NFTs with 473 wallets generating over $1 million in profits during 2021. However, with less than 2 million active wallets buying or selling an NFT over the year, the market is still yet to reach mass adoption.</p>



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<h2>Focus on NFT segments</h2>



<p>For this report, each segment was analyzed under a microscope. Metaverse, Video Games, Art, Collectibles or Utility/Finance have all been the subject of dedicated focus. Meaning it is possible to see the losses and profits according to these different segments.</p>



<figure class="wp-block-image size-full"><img loading="lazy" width="897" height="378" src="http://nfcms1/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-art.jpg" alt="NFT yearly report 2021 cumulative profit art" class="wp-image-17605" srcset="http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-art.jpg 897w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-art-300x126.jpg 300w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-art-768x324.jpg 768w" sizes="(max-width: 897px) 100vw, 897px" /><figcaption>  NonFungible.com yearly report 2021 &#8211; NFT Art Focus  </figcaption></figure>



<p>The diagram above displays the NFT Art market but we additionally offer the different projects analyzed. Taking the example of the Collectibles segment, it appears at first glance that it was mainly the CryptoPunks and Bored Ape Yacht Club collections that dominated the profit and loss indicator.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="811" height="714" src="http://nfcms1/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-collectible.jpg" alt="NFT yearly report 2021 cumulative profit collectible" class="wp-image-17603" srcset="http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-collectible.jpg 811w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-collectible-300x264.jpg 300w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-cumulative-profit-collectible-768x676.jpg 768w" sizes="(max-width: 811px) 100vw, 811px" /><figcaption> NonFungible.com yearly report 2021 &#8211; NFT Collectible Focus </figcaption></figure></div>



<p>For the focus on Crypto Video Games, we have taken into account two other blockchains in addition to Ethereum: Immutable X for the game Gods Unchained and Ronin for Axie Infinity.</p>



<p>Most video games have ported their on-chain activity to other blockchains or a Layer 2 Ethereum solution, so these figures are to be considered lower than the actual activity of the market.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="873" height="579" src="http://nfcms1/app/uploads/2022/03/NFT-yearly-report-2021-activity-gaming.jpg" alt="NFT yearly report 2021 activity gaming" class="wp-image-17601" srcset="http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-activity-gaming.jpg 873w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-activity-gaming-300x199.jpg 300w, http://nfcms1:80/app/uploads/2022/03/NFT-yearly-report-2021-activity-gaming-768x509.jpg 768w" sizes="(max-width: 873px) 100vw, 873px" /><figcaption>NonFungible.com yearly report 2021 &#8211; NFT Video Games Focus</figcaption></figure></div>



<p>You will find in the report even more indicators for metaverse or decentralized finance.</p>



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<p class="has-text-align-center has-medium-font-size"><strong>Thank you to all of our 2021 sponsors who made this report possible</strong></p>



<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="152" src="http://nfcms1/app/uploads/2022/03/nonfungible-NFT-yearly-report-2021-sponsors-1024x152.png" alt="" class="wp-image-17980" srcset="http://nfcms1:80/app/uploads/2022/03/nonfungible-NFT-yearly-report-2021-sponsors-1024x152.png 1024w, http://nfcms1:80/app/uploads/2022/03/nonfungible-NFT-yearly-report-2021-sponsors-300x45.png 300w, http://nfcms1:80/app/uploads/2022/03/nonfungible-NFT-yearly-report-2021-sponsors-768x114.png 768w, http://nfcms1:80/app/uploads/2022/03/nonfungible-NFT-yearly-report-2021-sponsors.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p class="has-text-align-center has-medium-font-size"><strong>And a special thank you to our official partner</strong><a href="https://www.animocabrands.com/?utm_source=nonfungible"></a><a href="https://decentraland.org/?utm_source=nonfungible"></a></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="201" src="http://nfcms1/app/uploads/2022/03/atelier-bnp-low.png" alt="atelier bnp paribas" class="wp-image-17637" srcset="http://nfcms1:80/app/uploads/2022/03/atelier-bnp-low.png 600w, http://nfcms1:80/app/uploads/2022/03/atelier-bnp-low-300x101.png 300w" sizes="(max-width: 600px) 100vw, 600px" /></figure></div>



<p>You will find exclusive interviews with different actors from the ecosystem, ranging from the founders of Axie Infinity to Crypto Artists such as Pascal Boyart as well as collectors recognized by the whole community like WhaleShark.</p>



<p>In addition this year other institutional actors have also agreed to participate in the writing of this report such as Fanny Lakoubay, Crypo-Art consultant, Shari Glazer, entrepreneur and philanthropist or Michael Bouhanna, Co-Head of Digital Art Sales at Sotheby&#8217;s.</p>



<p>Several topics will be discussed such as:</p>



<ul><li>NFTs gradually creating new jobs</li><li>How early adopters and investors currently perceive the current state of the NFT industry</li><li>How Play to Earn enabled to Pro Blockchain Gaming to develop</li><li>Who are the people behind the creation of metaverses: from 3D designers to Metaverse founders &amp; real estate developers</li></ul>



<p>We hope you’ll enjoy this report as much as we appreciated to do it!</p>



<div class="wp-block-image yearly-report-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/reports/2021/en/yearly-nft-market-report" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-1024x1024.png" alt="Read the largest and most-in-depth NFT market research ever published. Get your Yearly NFT Market Report!" class="wp-image-66400" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>



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You were waiting for it, we did it. Here is our 2021 annual report on NFTs with everything you need to know about NFTs in 2021!

Our 2021 NFT Yearly Report is out!


<p><a href="https://www.themekaverse.com/" target="_blank" rel="noreferrer noopener">MekaVerse</a> is a Profile Picture (<strong>PFP) collection of 8888 Mekas</strong> influenced by Japanese anime/manga masterpieces such as Gundam, Evangelion and even Code Geass. There was a lot of excitement before the launch of the project. With over 200,000 followers on Twitter and they hit the 250k limit on Discord (without “additional authorizations” from the Discord team). </p>



<h2><strong>Back to numbers on the launch of MekaVerse</strong></h2>



<p>By Thursday, October 7, <strong>172,876 wallets</strong> had been used to enter the raffle. Of those 172,876 wallets, 56,945 had chosen one Meka and 115,931 had chosen two Mekas.&nbsp; The MekaVerse team revealed some statistics about this extraordinary drop:</p>



<blockquote class="wp-block-quote"><p><em>We had 4,635,249 views and 661,737 unique users on our website. In addition, we had 130,000 visits within minutes of launch.</em></p></blockquote>



<p>In the end, 8,593 Mekas were sold at launch at a price of 0.2 Ether (ETH) each, earning the team more than <strong>1,718 ETH, or nearly $6.3 million.</strong></p>



<p>The sales were followed by a 5-day period where holders had to wait to see what their Mekas would look like. During this period, the price floor had its ATH with a value of about 8 ETH. The reveal took place on Tuesday 12 October after being postponed for 24 hours due to some technical problems with the size of the 3D images.</p>



<p>Since the drop, <strong>MekaVerse has generated in 10 days about 39,000 Ether (ETH)</strong> on the secondary market.&nbsp; Interestingly that the record sale is held by the Meka #8597 acquired for 125 ETH or about $476 600 US dollars.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="1024" src="http://nfcms1/app/uploads/2021/10/mekaverse-weekly-USD-sales.jpg" alt="mekaverse weekly USD sales" class="wp-image-9235" srcset="http://nfcms1:80/app/uploads/2021/10/mekaverse-weekly-USD-sales.jpg 1280w, http://nfcms1:80/app/uploads/2021/10/mekaverse-weekly-USD-sales-300x240.jpg 300w, http://nfcms1:80/app/uploads/2021/10/mekaverse-weekly-USD-sales-1024x819.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/mekaverse-weekly-USD-sales-768x614.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em>NonFungible.com Weekly Statistic &#8211; <strong>Top 5 USD Sales &#8211; Week 41</strong></em></figcaption></figure></div>



<h2><strong>Back to the controversies&nbsp;</strong></h2>



<p>From a numerical point of view, the drop was colossal even taking into account the presence of bots. The hype around the project attracted a lot of people and even the <strong>slightest mistake from the team was scrutinized and analyzed.</strong></p>



<p>A number of allegations have appeared on Twitter, including suggestions that one of the developers, Wyb0 of Miinded Studio (MekaVerse&#8217;s technical provider) managed to purchase one of the rarest NFTs (#6764) through early <a href="https://twitter.com/0xMOLOTOV/status/1448310259249000448" target="_blank" rel="noreferrer noopener">access to metadata</a>.</p>



<p>The person concerned responded to the accusations via a thread. It is difficult to unravel the truth, however, would Wyb0 have been naive enough to use his public address to commit the crime? You can find all <a href="https://twitter.com/_Wyb0/status/1448719107080310787" target="_blank" rel="noreferrer noopener">his explanations here</a>. Moreover, the Meka in question isn’t as rare as has been speculated. Indeed, <strong>Meka #6764 is ranked 1395, not 16.</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1190" height="594" src="http://nfcms1/app/uploads/2021/10/mekaverse-tweet-wyb0.jpg" alt="mekaverse tweet wyb0" class="wp-image-9234" srcset="http://nfcms1:80/app/uploads/2021/10/mekaverse-tweet-wyb0.jpg 1190w, http://nfcms1:80/app/uploads/2021/10/mekaverse-tweet-wyb0-300x150.jpg 300w, http://nfcms1:80/app/uploads/2021/10/mekaverse-tweet-wyb0-1024x511.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/mekaverse-tweet-wyb0-768x383.jpg 768w" sizes="(max-width: 1190px) 100vw, 1190px" /></figure></div>



<p>In any case, due to this controversy, <strong>the profits from the NFT in question will be donated to charity</strong>.</p>



<p>Other influencers such as <a href="https://twitter.com/beaniemaxi" target="_blank" rel="noreferrer noopener">Beanie</a> seemed to have a negative prejudice towards the project. Accusations that sometimes seem unfair when you compare the launch of MekaVerse to other NFT projects and the technical difficulties of launching with so much interest. Ecko, full-stack developer at Miinded, said:</p>



<blockquote class="wp-block-quote"><p><em>We worked really hard on this project because we only had three weeks to complete everything, and you can’t imagine the strain of having 230,000 people (at the absolute least) watching and evaluating you. We are and will always be humans, with all our qualities and faults. We made a few minor errors, but nothing major</em></p><cite>Ecko &#8211; Full stack developer at Miinded</cite></blockquote>



<p>Unfortunately, the vast majority of projects have difficulty curbing <strong>opportunism and bot involvement at launch</strong>. Currently, how many projects can claim a 100% smooth drop, without gas war and without bots?</p>



<h2>A missed launch?</h2>



<p>The launch of MekaVerse was not perfect, but it is worth mentioning good initiatives during the registration for the raffle: Google ReCaptcha V3, Wallet funds verification, Discord or Twitter authentication, EIP 712 V3 signature. You can find details of the drop from <a href="https://medium.com/@Miinded/behind-the-scene-of-mekaverse-launch-e6343e2acc6f" target="_blank" rel="noreferrer noopener">the point of view of Miinded here</a>.  </p>



<p>No matter what we think of the project, <strong>MekaVerse was one of the biggest launches in the history of NFTs</strong> in terms of hype and volume. A success that was both a blessing and a curse for the creators who found themselves under both praise and criticism..</p>


The MekaVerse project broke all records since its launch. What are the figures of this unusual start? We will also see that this titanic drop has also generated several controversies, but are they really justified?


Mekaverse Launch: Let’s take a step back with data!


<p>When at the end of 2020 we did an <a href="https://nonfungible.com/blog/the-cryptopunks-evolution" target="_blank" rel="noreferrer noopener">analysis on the history of Cryptopunks</a>, the uptrend of this project was already clear, little did we know how big the Punks would grow in the real world over such a short time!</p>



<p>With famous auctions, the media attention, <strong>sales record upon sales record</strong>, VC speculation and the celebrities who own them&#8230; today <strong>CryptoPunks has become</strong> <strong>an essential part of the NFT culture</strong>.</p>



<p>But beyond the positive news, how is it behind the scenes&#8230;did everyone manage to make profitable sales and how is the supply distributed among holders?</p>



<h2>Number of CryptoPunks in circulation</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2021/09/01-Cryptopunks-total-supply-circulation.jpg" alt="Cryptopunks total supply circulation" class="wp-image-7098" srcset="http://nfcms1:80/app/uploads/2021/09/01-Cryptopunks-total-supply-circulation.jpg 1280w, http://nfcms1:80/app/uploads/2021/09/01-Cryptopunks-total-supply-circulation-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/01-Cryptopunks-total-supply-circulation-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/01-Cryptopunks-total-supply-circulation-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption> <em> Total supply of CryptoPunks in circulation</em></figcaption></figure></div>


<p>One of the first indicators to look at is the <strong>number of CryptoPunks in circulation</strong>. As a reminder, the initial distribution of the 10,000 punks took place in 2017 through an airdrop where all it took was to claim some to own some.</p>



<p>For many years, CryptoPunks held a relatively niche interest. Some collectors bought them for <strong>the symbol they represented</strong> but it was not very easy to obtain or resell them. Indeed, because of the use of the ERC-20 standard, the only way to exchange them was through the <strong>official Larvalabs marketplace</strong>.</p>



<figure class="wp-block-image size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2021/09/03-Cryptopunks-supply-through-time.jpg" alt="Cryptopunks supply through time" class="wp-image-7100" srcset="http://nfcms1:80/app/uploads/2021/09/03-Cryptopunks-supply-through-time.jpg 1280w, http://nfcms1:80/app/uploads/2021/09/03-Cryptopunks-supply-through-time-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/03-Cryptopunks-supply-through-time-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/03-Cryptopunks-supply-through-time-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em> Supply of CryptoPunks in circulation through time </em></figcaption></figure>



<p>When in 2020 it became possible to transform them into an exchangeable form (using the &#8220;Wrap&#8221;) on marketplaces like Opensea, interest really started to grow at that time.</p>



<p>With this <strong>new possibility for NFT collectors</strong>, this made exchanges easier from March 2020 followed by a new wave of purchases in May 2020. But the biggest volumes were yet to come&#8230;</p>



<h2>Waves of massive CryptoPunks purchases</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2021/09/02-Cryptopunks-bought-through-time-1-1024x576.jpg" alt="Cryptopunks bought through time" class="wp-image-18294" srcset="http://nfcms1:80/app/uploads/2021/09/02-Cryptopunks-bought-through-time-1-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/02-Cryptopunks-bought-through-time-1-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/02-Cryptopunks-bought-through-time-1-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/09/02-Cryptopunks-bought-through-time-1.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Number of CryptoPunks bought through time</em></figcaption></figure></div>


<p>Then came the <strong>DeFi Summer</strong> <strong>of 2020</strong> and its insane fees, blocking a large part of NFT sales in the process, but this temporary slowdown was only to start in full force again by September.</p>



<p>For no desirable reason, <strong>a wave of purchases took place during September</strong> <strong>2020</strong>, which then fell sharply again at the end of the year. It was over this lull that we wrote an analysis on the evolution of CryptoPunks over time.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2021/09/07-Cryptopunks-average-price-1-1024x576.jpg" alt="Cryptopunks average price" class="wp-image-18292" srcset="http://nfcms1:80/app/uploads/2021/09/07-Cryptopunks-average-price-1-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/07-Cryptopunks-average-price-1-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/07-Cryptopunks-average-price-1-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/09/07-Cryptopunks-average-price-1.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>CryptoPunks average USD price through time</em></figcaption></figure></div>


<p>But this was to be only the first wave of truly massive buying. In February 2021, likely prompted by <strong>the announcement of Beeple&#8217;s NFT auction at Christie&#8217;s, </strong>a new record buying peak stood at 2,089 purchases for that<strong> </strong>month.</p>



<p>It was also in February that the average price of CryptoPunks began to really take off. Driven by the bull run of Ethereum with prices calculated on an ETH basis by purists, it became difficult for small buyers to be able to afford one..</p>



<p>One issue that quickly came to mind was that of decentralization. Indeed, are the addresses that bought all these Punks the same or was this truely a real craze on the part of the public?</p>



<h2>A Toxic Centralization?</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2021/09/04-Cryptopunks-supply-owned-1-1024x576.jpg" alt="Cryptopunks supply owned" class="wp-image-18290" srcset="http://nfcms1:80/app/uploads/2021/09/04-Cryptopunks-supply-owned-1-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/04-Cryptopunks-supply-owned-1-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/04-Cryptopunks-supply-owned-1-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/09/04-Cryptopunks-supply-owned-1.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Percentage of CryptoPunks available supply Owned</em></figcaption></figure></div>


<p>Keeping in mind that <strong>36.34% of CryptoPunks have never moved from their initial wallets</strong>, let&#8217;s look at the supply breakdown today.</p>



<p>The first data that first jumps out here is the <strong>100 largest holders are holding 71.88% of the supply in circulation!</strong></p>



<p>The top 10, on the other hand, &#8220;only&#8221; hold 27.08% of the supply. These figures indicate a <strong>very strong dominance</strong> <strong>by a small number of players, which raises some questions about potential market control.</strong></p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2021/09/05-Cryptopunks-top-10-traders.jpg" alt="Cryptopunks top 10 traders" class="wp-image-7102" srcset="http://nfcms1:80/app/uploads/2021/09/05-Cryptopunks-top-10-traders.jpg 1280w, http://nfcms1:80/app/uploads/2021/09/05-Cryptopunks-top-10-traders-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/05-Cryptopunks-top-10-traders-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/05-Cryptopunks-top-10-traders-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em>Top 10 CryptoPunks most profitable traders</em></figcaption></figure></div>


<p>While knowing that the average price of CryptoPunks <strong>soared</strong> from July 2021, the top 10 flippers became millionaires <strong>in just a few months</strong>.</p>



<p> Thanks to a knowledge of traits that are rarer than others, the acquisition of the rarest Punks has pushed the average price up, resulting in a <strong>strong hype.</strong></p>



<p>But not all punks’ values are the same. Some investors, convinced that the price of CryptoPunks will <strong>only go up</strong>, have not hesitated to spend millions of dollars to get one.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2021/09/06-Cryptopunks-top-10-investors.jpg" alt="Cryptopunks top 10 investors" class="wp-image-7103" srcset="http://nfcms1:80/app/uploads/2021/09/06-Cryptopunks-top-10-investors.jpg 1280w, http://nfcms1:80/app/uploads/2021/09/06-Cryptopunks-top-10-investors-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/06-Cryptopunks-top-10-investors-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/06-Cryptopunks-top-10-investors-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em>Top 10 CryptoPunks investors</em></figcaption></figure></div>


<h2>The CryptoPunks aren&#8217;t the same</h2>



<p><strong>The CryptoPunks market is therefore becoming</strong> <strong>more and more centralized </strong>but above all, completely inaccessible to ordinary mortals. </p>



<p>With the arrival of different investment groups like Three Arrow Capital that are only looking for the &#8220;most valuable&#8221; NFTs, it seems that competition for the acquisition of CryptoPunks is taking hold.</p>



<p>Between what seems to have become two opposing camps, the few buyers who were able to get their Punks a long time ago because they appreciated the design are now only a handful.</p>



<p><strong>Probably not, but the spirit of donation and experience that reigned at the beginning, it is indeed dead.</strong></p>


Cryptopunks have been much talked about over the past year, both for their cultural aspect and their soaring price. Let's take a closer look at the data!

Will centralization kill the CryptoPunks ?


<p>Although the NFT adventure on Ethereum officially began in 2017 with Cryptopunks, the first &#8220;early adopters&#8221; of blockchain gaming and CryptoKitties appeared after the crash of the crypto market in early 2018.</p>



<p>At that time, the atmosphere was quite gloomy in the crypto space but it was also the moment when we could see <strong>the creation of a first generation of proactive users</strong> in the development of the projects that interested them.</p>



<p>After a rather <strong>intense FUD phase a few weeks ago</strong>, last week we published a global analysis to respond to this and tried to sooth the spirits at the same time. Today we looked at other key indicators to better understand the current state of the market:</p>



<ul><li>The evolution of the number of active wallets from September 2020 to June 2021.</li><li>Sales volume (number, total USD volume, and average sales price).</li><li>Number of buyers and sellers.</li><li>Sales price range.</li></ul>



<p>The results are more mixed than a simple &#8220;<strong>NFTs are dead</strong>&#8221; or &#8220;<strong>everyone uses them</strong>&#8220;, let&#8217;s look at the numbers in more detail and try to interpret them in the most objective way possible.</p>



<p><strong>So what has the impact been of this &#8220;NFT Boom&#8221; on the ecosystem?</strong> Did people who were attracted by the hype stay or leave as quickly as they came? Does the Post-Boom look like the pre-Boom?</p>



<h2><strong>Evolution of active wallets</strong></h2>



<p>To determine the evolution of active wallets over time, we looked at whether they had completed at least one NFT transaction over several periods of time:</p>



<ul><li>Before: from September to December 2020</li><li>Pre-Boom: January to February 2021</li><li>Boom: March to April 2021</li><li>Post-Boom: from May to the first week of June 2021</li></ul>



<p><strong>[DISCLAIMER]</strong> The chart below shows the wallets that have been active ONLY over the period indicated. The total volume of active wallets in each of the periods is higher.</p>



<p><strong>The objective here is to realize the rate of people who were interested in NFTs at some point but did not continue to be active afterwards.</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2021/06/NFT-market-post-boom-active-wallets.jpg" alt="NFT market post boom active wallets" class="wp-image-4915" srcset="http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-active-wallets.jpg 1280w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-active-wallets-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-active-wallets-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-active-wallets-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<h3><strong>Before the Boom</strong></h3>



<p>While 27,236 addresses were active during the period September to December 2020, <strong>16,373 (-39.8%) addresses that were not active before this appeared for the period of January / February 2021.</strong></p>



<h3><strong>The Boom&nbsp;</strong></h3>



<p><strong>The Boom has seen more than 60,000 new wallets interact with NFTs.</strong> This is a lot in proportion to the size of the NFT ecosystem, but relatively little when you think of all the hype that has occurred around the world.</p>



<p>Note that these 60,417 wallets arrived during the peak of media coverage have not (for the moment) followed up or interacted with an NFT since.</p>



<h3><strong>After the Boom</strong></h3>



<p>Where some claim that the &#8220;Boom&#8221; is over, and that the market has collapsed, we observe here that during this period May / June, <strong>more than 45,000 new wallets interacted for the first time with the NFTs.</strong> This score is much higher than the Pre-Boom periods.</p>



<p>So far, these figures point to the evidence that there has been a very sharp increase in the number of new addresses active in the NFT ecosystem. This is due in part to the record sale of Beeple as well as the global media coverage of NFTs, bringing a wave of new users into the ecosystem.</p>



<p><strong>Remember that studied here are only the new addresses active on only one of the periods analyzed (Before / Pre-Boom / Boom / Post Boom).</strong></p>



<h2><strong>Only passing through?</strong></h2>



<p>The question then arises whether it was just fashionable to participate or whether the users who arrived during or shortly before the Boom stayed on afterwards. <strong>In other words: what is the retention rate of the NFT ecosystem regarding these new users?</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2021/06/NFT-market-post-boom-between-period.jpg" alt="NFT market post boom between period" class="wp-image-4916" srcset="http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-between-period.jpg 1280w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-between-period-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-between-period-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-between-period-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<p>While the active wallets between the &#8220;before&#8221; period (from September to December 2020) and &#8220;Pre-Boom&#8221; (January to February 2021) numbered 3,107, <strong>there were 6,418 active over the two consecutive periods &#8220;Pre-Boom&#8221; and &#8220;Boom&#8221;</strong> (March to April 2021) an increase of 106.5%.</p>



<p>This indicates a good proportion of new users who became interested in NFTs at the very beginning of the 2021 hype then remained active over the following months.</p>



<p>In contrast to the previous downward trend, <strong>the number of active wallets over the&nbsp; &#8220;Boom&#8221; period to &#8220;Post-Boom&#8221; saw an increase of 133.7%!</strong></p>



<p>If we compare this trend to the 60,000 new wallets active only during the Boom, here we have nearly <strong>15,000 wallets arriving during the Boom phase that continued to be active over the following months.</strong></p>



<p>Taking into account these two populations (60k + 15k) we arrive at a total of 75,000 new wallets that arrived during the Boom, of which 25% then remained active afterwards.</p>



<p><strong>We can conclude here that the ecosystem has presented a retention rate of 25% new users.</strong></p>



<h2><strong>Distribution of NFT sales</strong></h2>



<p>Another important indicator is that of the distribution of NFTs sales. <strong>In concrete terms, the question is how have price trends been impacted by the Boom?</strong></p>



<p>We have defined price ranges between $0.1 and $10 up to an interval between $500,000 and $1,000,000.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2021/06/NFT-market-post-boom-distribution.jpg" alt="NFT market post boom distribution" class="wp-image-4917" srcset="http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-distribution.jpg 1280w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-distribution-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-distribution-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/06/NFT-market-post-boom-distribution-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<p>On this graph, one element is particularly important to remember: at the end of 2020, <strong>99% of NFTs sold were sold for less than $5,000.</strong> It is since the start of 2021 that assets that sold for more than $5,000 have gradually taken their place at the expense of NFTs sold at less than $10.</p>



<p>This could have been explained by particularly <strong>high transaction fees</strong> (buyers not wanting NFTs worth less than the price of the transaction) except that in recent weeks, the price of gas has dropped dramatically and <strong>the proportion of the cheapest NFTs have not risen.</strong></p>



<p>The NFT market landscape has not changed dramatically between September 2020 and June 2021, but it shows <strong>a very strong inflection</strong> that leaves more room for more expensive assets ($&gt; $5,000) which account for almost 10% of the market.</p>



<p>At the same time, the intermediate segment (between $100 and $5,000) has also grown a lot. The big loser in this new landscape is undoubtedly the segment of <strong>the cheapest assets (&lt;$100) which represented up to 85% of the entire market and declined to represent only 50% of sales.</strong></p>



<h2><strong>The NFT ecosystem is growing faster</strong></h2>



<p>We are still only in the middle of the year but what has attracted our attention the most in this analysis is undeniably <strong>the number of wallets which have remained active after the initial hype</strong> that we experienced for a few weeks.</p>



<p>The USD indicator is certainly always interesting to observe but <strong>looking more deeply at the number of active wallets and especially new wallets</strong> gives much more precise indications on the state of the NFT market.</p>



<p>Despite <strong>a difficult context</strong> for all these newcomers to understand, the sector has nothing to do with previous years and has become <strong>much more accessible thanks to the efforts of the entire ecosystem!</strong></p>



<p>These efforts seem to be rewarded today by <strong>a growing number of NFT users</strong>&nbsp; and <strong>the least we can do today is to welcome them on this adventure</strong> which, in our opinion, is still in its infancy.</p>



<p>&nbsp;The few conclusions to be drawn from these Post-Boom analyses are therefore:</p>



<ul><li>The NFT ecosystem has a very good retention rate of new users (25%)</li><li>After the Boom and hype, the ecosystem has seen nearly 40,000 new users arrive every 2 months.</li><li>The average price of assets in the market has increased significantly, giving rise to a segment of &#8220;very expensive&#8221; assets that only an elite can acquire.</li></ul>



<p>There is undoubtedly a before and and after the Boom. <strong>The ecosystem is growing faster, appealing to more and more new users, who have already begun to shape this new era of the NFT ecosystem.</strong></p>


It has now been 6 months since the NFT market saw its indicators strongly shaken up, with additional over hype a month ago. Let's take a look at the current state of the market and see what surprises it holds.

What does the NFT Ecosystem look like after the Boom?


<p>One can hardly escape the Bored Apes-starred billboards scattered across Tel Aviv&#8217;s highways nowadays. One invites to the city&#8217;s largest museum, another to a &#8216;tomorrow&#8217; exhibition 5 minutes drive away; both for exhibitions of NFTs. Visiting one such, the view was scenic. An AI assistant was busy answering art enthusiasts bombarding her with &#8220;what&#8217;s all this NFT fuss about anyway&#8221; kind of questions. Van Gogh and Chagall, meanwhile, whose masterpieces hung a few meters away, seemed rather lonely. The takeover was striking.</p>



<h2>Not so long ago have art curators despised NFTs. Now they&#8217;re exhibiting them.</h2>



<p>Tel Aviv is no exception. NFTs are now sweeping the worlds&#8217; museums by the dozens. One critic says they&#8217;re &#8220;<a href="https://www.creativebloq.com/news/ouche-nft-exhibition-offf" target="_blank" rel="noreferrer noopener">weird</a>&#8220;, another &#8220;<a href="https://jingculturecrypto.com/fotografiska-stockholm-somewhere-media-somewhere-ethereal/" target="_blank" rel="noreferrer noopener">ethereal</a>&#8221; (what a hilarious pun), all visit. In Seattle, Amsterdam, even Ukraine: NFT-designated museums are not something reserved for the Metaverse anymore. But more momentous is NFTs&#8217; acceptance as equals among already respectable, well-established, traditionally conservative museums. </p>



<p><a href="https://currency.com/paris-louvre-is-exploring-the-introduction-of-art-nfts" target="_blank" rel="noreferrer noopener">The Louvre</a>, <a href="https://www.moma.org/calendar/events/7416" target="_blank" rel="noreferrer noopener">MoMA</a>, <a href="https://www.rijksmuseum.nl/en/rijksstudio/30942--jari-kettunen/collections/nft" target="_blank" rel="noreferrer noopener">Rijksmuseum</a>, <a href="https://www.theguardian.com/technology/2021/sep/24/british-museum-nfts-digital-hokusai-postcards-lacollection" target="_blank" rel="noreferrer noopener">the British Museum</a>. Out of the world&#8217;s top 10 art museums, at least 6 have had their share of giving the spotlight to non-fungibles so far. Not only have they been exhibiting NFTs for a while now; they&#8217;ve also been busy minting them, including offering some very non-digital artworks for sale on the Mainnet. A recent New York Times article describing the current tide of interest among museums in NFTs, marked the final approval of this phenomenon&#8217;s existence.</p>



<p><br>Old-timers may remember it hasn&#8217;t quite been that way all the way long. &#8220;<em>NFTs are an embarrassment to the art world</em>&#8220;, read one headline at an art outlet. &#8220;<em>Think cryptocurrency is bad? NFTs are even worse</em>&#8220;, declared another, right before rhetorically asking &#8220;<em>Does anyone aside from tech bros think this is a good idea?</em>&#8220;. Another asked &#8220;<em>Why Does NFT Art Look So Bad?</em>&#8220;, and one more simplisticly announced &#8220;NFTs Are Terrible&#8221;. Some artists went further to pledge that NFTs Are &#8220;the Bane of Their Existence&#8221;. </p>



<p>Where this hate comes from is quite obvious. Gatekeepers will always shelter their castle from newcomers, even if their castle – conemporary art, in that case – is founded on priding itself for being revolutionary and inviting. Simply put, &#8220;<em>the NFT Craze Reveals the Artworld’s Snobbism</em>&#8220;, as Martin Herbert&#8217;s article in <a href="https://artreview.com/how-nft-craze-reveals-artworld-snobbism/" target="_blank" rel="noreferrer noopener">ArtReview</a> goes. Writing there too, <a href="https://artreview.com/why-the-artworld-loves-to-hate-nft-art-beeple-christies-grimes/" target="_blank" rel="noreferrer noopener">J.J. Charlesworth answers</a> similarly in his &#8220;<em>Why the Artworld Loves to Hate NFT Art</em>&#8221; article.</p>



<p>But now a much tougher question arises: why doesn&#8217;t the artworld hate NFT that much anymore?</p>



<h2>Follow the Money</h2>



<p>Museums need money, and NFTs have money. If nothing else, it is this primal need that explains museums&#8217; interest in engaging with NFTs, needless to say minting them. Far from a win for NFTs, this could easily count as another cynical exploitation of them; of which the NFT community is rightfully wary of after seeing too many brands joining at highs and leaving at lows. Except it is actually one of the most striking, unequivocal wins the NFT community has ever known.</p>



<p>The very promise of NFT in regards to art is, and always has been, to make it economically viable; to make it profitable. These are not mere words: art has long had a hard time finding funding, receiving it either from oligarchs, nouveaux riches or governments, but always in search for a better business model. NFTs vow to end this search. Some artists welcomed them, and quickly saw their gamble proven right. But the artworld as a whole has clearly been reluctant to adapt, mostly preferring the old and familiar rather than the new and unkown. </p>



<p>And then come the museums, the &#8216;temples of art&#8217; as one once said. And even if with few praises to the NFT community; even if hesitantly, warily, far from wholeheartedly; even if as a mere tool for lining their pockets – they join the NFT revolution. Probably absentmindedly, perhaps against their own will, the museums have proved what has been clear to web3 savvies but less so to artists themselves: that NFTs solve art&#8217;s money problem.</p>



<p>Using NFTs, making money off of them, as cynical as it might be, the museums are doing NFTs a greatest service: they are realising their promise. The temple of the artworld – the same artworld that used to disregard NFTs – is now embracing them. Could there be a sweeter win?</p>



<h2>Vive la révolution NFT</h2>



<p>It is not just the money, though. The only thing museums – non-profits, at the end (though ones in desperate need for budget sources) – crave even more than money, is visitors. Despite being elitist and highbrowed at times, their mission statement is nonetheless being visited by the public. That they are exhibiting NFTs means – as intuitive as it is – that the public loves NFTs, or at least is very curious about them. And when the public goes to the museum, it wants to see NFTs there. </p>



<p>Thus NFT goes to the museum. But beyond all the utilitarian motives, beyond the needs and hidden interests, lies one truth NFT&#8217;s acceptance to the museum necessarily means: that the artworld finally views it as art. No vocal, enraged article or anti-NFT petition could ever dispute the fact that NFTs are now  exhibited next to Chagall and Van Gogh&#8217;s paintings. That they have made it to the temple of art.</p>



<p><strong>The importance of this approval – as marginal and anecdotal as it may first seem – cannot be overstated</strong>. Entering the museum means showcasing NFT&#8217;s benefits for the artworld at their most striking, having the upper hand in the public opinion, and being regarded as artistically worthy. Entering the museum means entering the heart of art. It is more than another proof that NFTs are here to stay; more than another battle won over the desperate gaurdians of the artworld. It is the victory.</p>



<p>Follow the <a href="https://twitter.com/dem00n_nft" target="_blank" rel="noreferrer noopener">De Moon on Twitter</a></p>



<div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div>


<div class="wp-block-image #quarterly-report-banner">
<figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/10/upsell_banner_q32022-1024x1024.png" alt="60 pages of exclusive NFT market research. 100% free. Get your NFT Quarterly Report" class="wp-image-69235" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-300x300.png 300w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-150x150.png 150w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-768x768.png 768w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>

Museums have been reluctant to open their doors to NFTs. It seems that the trend is changing, what could be the reason?

NFT Goes to the Museum


<h2>The Theft of Digital Art</h2>



<p>NFTs have been erected as a solution to many of the problems faced by digital artists. Unfortunately,&nbsp; in the face of high expectations and false promises, it would seem that NFTs have disappointed the general public.</p>



<p>Certain practices, including the unauthorized utilization and sale of works found on <a href="https://www.deviantart.com/" target="_blank" rel="noreferrer noopener">DeviantArt</a>, Twitter, or other social media platforms, has garnered justifiable disdain towards NFTs. It resulted in creators in the space often being blacklisted from many artist communities. Reposting art that an individual did not create with the intention of taking credit for and profiting from the resale of the content without the express permission of the content creator and proper compensation is an authorized use.</p>



<p>The ability to copy and repost artist’s work without licensing or receiving permission from the artist, is an issue that needs to be addressed both within the NFT community, as well as in the general population. This problem is not localized to NFTs, for example <strong>how to prevent a tee-shirt store to use licensed art to sell their product?</strong></p>



<p>Creator’s rights, and their ability to claim ownership of their work, is something that will need to be addressed in order to ensure Web3 is a safe environment for artists to work. Unfortunately, due to the nature of the internet, it is possible for content to be copied infinitely as soon as it is put online.</p>



<p>NFTs have the ability and have laid out the groundwork to ensure that artists can maintain usage rights for their work, but it is important to make sure that the community moves forward in an ethical and conscientious fashion.</p>



<h2>Artificial Intelligence and Art Reuse</h2>



<p>A recent example of &#8216;art theft&#8217; that has been raising eyebrows concerns <a href="https://www.engadget.com/dall-e-generative-ai-tracking-data-privacy-160034656.html" target="_blank" rel="noreferrer noopener">the artificial intelligence Dall-E or OpenAI</a>. With a simple text input, these AIs are able to create artistic visuals corresponding to the desired query.</p>



<p>Without going into depth into the technical details, to be able to &#8216;understand&#8217; the request, these AIs will draw from databases. Databases that are open source for code or with royalty-free images that can be found on internet.</p>



<p>The reuse of works is allowed, but taking over for oneself the work of thousands of people without crediting them is ethically questionable.</p>



<p>NFTs will not be able to solve the problem entirely, but can greatly reduce the risks associated with these practices.</p>



<h2>NFTs are a Certification for Digital Creations</h2>



<p>If there is a desire for ownership and traceability on a public blockchain, NFTs are a suitable tool. On the other hand, they do not make a distinction on the media associated with them.</p>



<p>To avoid confusion, we will talk here about digital visual works and not musical or physical. As a reminder, <a href="https://nonfungible.com/academy/nft/what-is-an-nft" target="_blank" rel="noreferrer noopener">NFTs are not works of art</a>. They are only a gateway to the artwork.</p>



<p>NFTs are not a medium, a means of hosting or even recognized by international bodies. For now. They are a way to timestamp information (author, smart-contract, date) on a blockchain. This is why we defined them as &#8216;digital certificates of authenticity&#8217; that are visible and publicly verifiable.</p>



<p>This forgery-proof identification is essential to help decide between two conflicting entities, both in good faith. This is not infallible though, because knowing who minted an NFT does not necessarily prove who created the work first.</p>



<p>The NFT revolution in the visual arts therefore essentially concerns the certification of authenticity. No quick wealth &#8220;because it&#8217;s an NFT&#8221; but royalties and lifetime identification of the author.&nbsp;</p>



<h2>Web3 is About Owning our Data</h2>



<p>Today the NFTs of the artistic segment belong to a niche sector. However, Instagram, Facebook or Twitter are very interested in it. From a more global use perspective of NFTs, this is excellent news, but there are concerns to keep in mind.</p>



<p>NFTs make it possible to have the certification of a digital asset, this is undeniable. But several questions remain:</p>



<ul><li>If the image is stored on an external server, what do we really own?</li><li>if the rights are given to a third party when it is put online, what effective protection is there?</li></ul>



<p>The fact that the&nbsp; Web2 giants offer NFT-related tools is a good thing, but in the end, it is the artists who will decide what medium they will use for their creation.&nbsp;</p>



<p>Regarding the storage of the media, no matter how it is put online, it is <em>de facto</em> decentralized in the best possible way thanks to infinite copies.&nbsp;</p>



<p>There remains the question of the right to reuse works of art. Copyright has already shown on several occasions that it is useful for those who have the means to initiate long and expensive procedures. The best alternative would therefore be that of Creative Content, because of its accessibility and flexibility. It is up to NFT marketplaces (like Objkt) to offer them to artists during the mint!</p>



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<div class="wp-block-image academy-upsell"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/academy" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png" alt="Need help understanding the NFT ecosystem? Explore the NFT Academy" class="wp-image-66341" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


In our digital age, any content can be duplicated endlessly. Are the concerns surrounding unauthorized copies about the NFTs themselves?

Digital Copies in the NFT Era


<p>This article is designed to educate individuals on the different ways the LGBTQ+ community has established and grown in the NFT space. Keep in mind that while we did include quite a few LGBTQ+ projects on this list, there are still plenty out there for you to explore and discover on your own!&nbsp;</p>



<h2>Coca-Cola Pride</h2>



<figure class="wp-block-image is-resized"><img loading="lazy" src="https://lh5.googleusercontent.com/Bh-oiR3LxKehaiL9GaWMFBBSmByKJV5bSTHCNLhydrmOeNMocNQQHurxddG-7mEfdHheCn953kO0u4WZJtEdj10yMOZvPn7PaFxzCPJvZ6PfwtyQRzBjLVj8hUmbBWtTXucaAmUggeVDmd5c1AKalA" alt="Coca-Cola NFT Pride Series - Photo by CocaCola " width="840" height="267"/><figcaption><em><a href="https://www.coca-colacompany.com/news/pride-inspired-digital-collectibles-benefiting-lgbtqia-charities" target="_blank" rel="noreferrer noopener">Coca-Cola NFT Pride Series</a> &#8211; Photo by CocaCola </em></figcaption></figure>



<p>Launched on June 30th, 2022, Coca-Cola released its <a href="https://www.coca-colacompany.com/news/pride-inspired-digital-collectibles-benefiting-lgbtqia-charities" target="_blank" rel="noreferrer noopener">Pride Series</a>! A collection of 136 NFTs consisting of brightly colored rainbow versions of the company’s iconic glass bottles that were put up for auction and hosted on Polygon.</p>



<p>A fun and colorful way to celebrate Pride, the collection was created by award-winning designer and LGBTQ+ advocate Rich Minsi. Profits earned from the sale went directly to LGBTQ+ charities. While the sale only brought in $23,000 initially, a percentage of all future sales will be going to charity as well.&nbsp;</p>



<h2>The Decentraland Meta Pride Festival</h2>



<figure class="wp-block-image"><img src="https://lh6.googleusercontent.com/LItnYDShlxcznuyTQbi0bwJvBFnCHBR8CaiSErwn_uKDqYDkm0RK_0jqDlolL2yHiCQShTHGZuZte0kiWcIvkkPiKNk9h3qsLCh8jLiWxgfmpvycy1SXEOH050Lt-MZzZmh8Iu2btYbnhNfTCIa3VbI" alt="MetaPride Land"/><figcaption><em>Images from <a href="https://www.metaprideland.com/nft-charity-collection" target="_blank" rel="noreferrer noopener">MetaPride Land</a></em></figcaption></figure>



<p>Big companies weren’t the only ones to get into the spirit of Pride. <a href="https://decentraland.org/blog/announcements/metaverse-pride-in-decentraland/" target="_blank" rel="noreferrer noopener">Decentraland hosted their own pride event that lasted for the whole of July</a>. DCL’s Festival Land District was transformed into a fully fledged Pride Parade complete with rainbow fountains, interactive pride floats, and plenty of areas for attendees to take selfies. The event promoted live performances and also offered free wearables to visitors.&nbsp;</p>



<p>Fashion brands such as <a href="https://www.originalpenguin.com/" target="_blank" rel="noreferrer noopener">Original Penguin</a>, popstar Thalia, guests and Web3 community members joined the festivities as speakers and entertainers. Attendees were invited to interact with the floats, join panels, parties, and more. In addition to events on the main festival grounds, teleporters were available sporadically across that allowed visitors to visit other locations holding events in <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland</a>.</p>



<p>Between the booths, performances, and speakers, the event was designed to mimic a real-world Pride festival and provided opportunities for individuals who might not otherwise get the chance to attend or experience what Pride is all about.</p>



<figure class="wp-block-image"><img src="https://lh3.googleusercontent.com/bDae4IhxrevMd8PClafVWJhz3XoS44n2fx3Hqi15Pq4jO3IJ4V5w3kvsA3QeQrU2b_LVReW8zsGQSD_e6pdvdjy7F8lZAchmaieL3zckwyk844WUmzqo-7HpOVTda57MtzSJxQbl1BZcSvMd90cm4hU" alt="The Decentraland Meta Pride Festival"/></figure>



<figure class="wp-block-image"><img src="https://lh5.googleusercontent.com/B7NCpcVZYoT-h0WAD53GCLjV0Lof4WzWn0EDgnd2ua9TGJ-3LRmdwE1hl9b58XRCv_7DNSdHehF3fxoXXR5WqXxeG2w0otgqjEmBgOTbUOorb60fD040sn3bqRLOQB3QysuV3g0fPIT12EnFWZslYPE" alt="The Decentraland Meta Pride Festival"/><figcaption><a href="https://www.metaprideland.com/" target="_blank" rel="noreferrer noopener">The Decentraland Meta Pride Festival</a></figcaption></figure>



<p><a href="https://www.metaprideland.com/" target="_blank" rel="noreferrer noopener">The MetaPride Festival</a> was described by its hosts as ‘the start of a modern movement’ The event was brought to life by <a href="https://www.jakeresnicow.com/" target="_blank" rel="noreferrer noopener">Jake Resnico</a> an event coordinator with experience bringing to life exciting festivals around the world, and Matt Stevenson, who previously worked for both <em>Time</em> and <em>Wired</em>. The event was meant to combine live entertainment with NFTs, bringing Christopher Street into the Metaverse.&nbsp;</p>



<p>The event was meant to act as a celebration of love and included live musical performances alongside moving speeches by empowering speakers. Special guests included Galantis, LP Giobbi, Ty Sunderland, and Blondish, among many others.&nbsp;</p>



<p>In addition to live entertainment, the event also hosted an NFT Charity Collection composed of unique creations designed by LGBTQ+ creators that were then auctioned off. All proceeds were donated to <a href="https://outrightinternational.org/" target="_blank" rel="noreferrer noopener">OutRight Action International</a>, which works to support global LGBTQ+ communities.&nbsp;</p>



<h2>The Queenly NFT</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="582" src="http://nfcms1/app/uploads/2022/08/queenly-nft.jpg" alt="The Queenly NFT, an ethical cryptogallery for queer creators" class="wp-image-64664" srcset="http://nfcms1:80/app/uploads/2022/08/queenly-nft.jpg 600w, http://nfcms1:80/app/uploads/2022/08/queenly-nft-300x291.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption><em>Image by <a href="https://www.queenlynft.com/home" target="_blank" rel="noreferrer noopener">Queenly NFT</a></em></figcaption></figure></div>



<p>Moving away from events and projects designed solely to take place during Pride Month, let’s take a moment to explore a project meant to support and promote queer creators year-round. Founded by NYC drag queen <a href="http://www.instagram.com/missrubypowers" target="_blank" rel="noreferrer noopener">Ruby Powers</a> (aka Brent Lomas), <a href="https://www.queenlynft.com/home" target="_blank" rel="noreferrer noopener">The Queenly NFT </a>is an organization used to promote, host, and support LGBTQ+ creators who are entering the Metaverse.&nbsp;</p>



<p>So The Queenly NFT, LLC has helped over a dozen queer creators to launch their projects successfully. These projects include work by several artists of varying backgrounds, gender, and sexual orientations. With the Metaverse still such a new environment for most, the importance of amplifying the voices of queer creators is more important than ever.&nbsp;</p>



<p>Their most recent project, <a href="https://opensea.io/collection/grey-leifer-dissolve" target="_blank" rel="noreferrer noopener">‘Dissolve’</a> by Grey Leifer is a collection of 12 animations featuring specially designed soundscapes. Leifer commented on their project, stating that “Each piece is a [study] of emotional resolve, a commentary on internal ebb and flow. These are universal experiences for people who walk through society ‘othered.’” </p>



<p>Leifer is an established fine artist and worked previously as Chief Design Officer for the gender-equal clothing brand, <a href="https://www.playoutapparel.com/?gclid=CjwKCAjwrZOXBhACEiwA0EoRD9wGtZo-MR-zxzMmUiR_8aZpDPskqbq2MabDSJSA1cMb6kTe6izdDhoCDh0QAvD_BwE" target="_blank" rel="noreferrer noopener">Play Out Apparel</a>.&nbsp;</p>



<h2>Pride Icons&nbsp;</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="497" src="http://nfcms1/app/uploads/2022/08/pride-icon-1024x497.jpg" alt="Pride Icons" class="wp-image-64659" srcset="http://nfcms1:80/app/uploads/2022/08/pride-icon-1024x497.jpg 1024w, http://nfcms1:80/app/uploads/2022/08/pride-icon-300x146.jpg 300w, http://nfcms1:80/app/uploads/2022/08/pride-icon-768x372.jpg 768w, http://nfcms1:80/app/uploads/2022/08/pride-icon.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Image By <a href="https://prideicons.io/#faq" target="_blank" rel="noreferrer noopener">Pride Icons</a></em></figcaption></figure></div>



<p><a href="https://prideicons.io/" target="_blank" rel="noreferrer noopener">Pride Icons</a> is a limited digital collection of pop art NFTs, created by Max Bahman. The collection itself consists of three sets that are ‘fabulous, legendary, and unique in their own way.’ Purchase of the Pride Icon NFTs grants users access to a community as well as member-only benefits and events. In addition to benefits in the metaverse, members are also given benefits that include discounts on facial plastic surgeries and discount memberships to a partnered fitness resort.&nbsp;</p>



<p>Co-Founders Eliad Cohen, Regev Gur, and Amir Lazarovich hoped to create a ‘purpose-led community’ that worked to fund non-profit organizations while creating a supportive environment for members of the LGBTQ+ Community. Though currently in a <a href="https://prideicons.io/#roadmap" target="_blank" rel="noreferrer noopener">‘hybernation period</a>’, the group insists that there are big plans to come for the community.&nbsp;</p>



<p>Currently, the project has not yet been launched: The creators had originally planned to launch on June 1st, 2022, during Pride Month but unfortunately could not do so.&nbsp;</p>



<h2>FeWoCiOUS</h2>



<p><a href="https://fewocious.com/" target="_blank" rel="noreferrer noopener">FeWoCiOUS</a> is a collection of NFTs created by a young transgender artist who goes by the name of Victor, and has earned over $17 million in under a year. Originally utilized as a way to escape from his day-to-day life, the artist has now created a mini-empire by selling his pieces in the metaverse.</p>



<p>His most recent project, FeWoWorld, will allow holders of paint drops to unlock items in the generative art world he has created. He explains that the ‘more paint in your “Paint Drop” the more you’ll be able to unlock in FewoWorld.’ This includes canvas and items he calls Fewos. Fewos are inhabitants of FeWoWorld, and are another collectible for investors in the projects.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="593" src="http://nfcms1/app/uploads/2022/08/fewocious-take-care.jpg" alt="Art by Fewocious - Take Care" class="wp-image-64639" srcset="http://nfcms1:80/app/uploads/2022/08/fewocious-take-care.jpg 600w, http://nfcms1:80/app/uploads/2022/08/fewocious-take-care-300x297.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption>Take Care &#8211; <em>Art by <a href="https://fewocious.com/art" target="_blank" rel="noreferrer noopener">Fewocious</a></em></figcaption></figure></div>



<h2>Take Up Space&nbsp;</h2>



<p><a href="https://takeupspace.io/" target="_blank" rel="noreferrer noopener">Take Up Space</a> is a Web3 Playbook created by Founders Paff Evara and Hannah Peacock.&nbsp; It is designed to give new investors the skills to navigate the Web3 space with confidence while providing an understanding and supportive community. After feeling irritated by how ‘pale, male and pretty stale’ they found the metaverse, they decided to bring in some changes to make the community more accessible to a broader range of individuals.&nbsp;</p>



<p>The pair explained that their primary goal is to bring more BIPOC &amp; LGBTQ+ people into the metaverse and create a welcoming space from the start. They have created a course that is designed with walk-throughs, readings, webinars and Q&amp;As while also providing support 24/7 on their Discord. Their goal is to break Web3 down in to its smallest segments to help boost anyone&#8217;s knowledge from complete beginners to intermediate users who are just looking for a bit more information.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="499" src="http://nfcms1/app/uploads/2022/08/take-up-space.jpg" alt="Take Up Space - NFT" class="wp-image-64669" srcset="http://nfcms1:80/app/uploads/2022/08/take-up-space.jpg 600w, http://nfcms1:80/app/uploads/2022/08/take-up-space-300x250.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption><em>Photo By <a href="https://takeupspace.io/" target="_blank" rel="noreferrer noopener">https://takeupspace.io/</a></em></figcaption></figure></div>



<h2>Web3 and Inclusivity Continue to Grow</h2>



<p>It&#8217;s great to see these positive moves by companies who are bringing LGBTQ+ into the NFT space in such diverse ways.&nbsp;</p>



<p>All of these projects are working to ensure that LGBTQ+ individuals have an active voice in Web3 from the very beginning. This list was intended to introduce you to ways you too can get involved and support the community! </p>



<p>As always, make sure to research any project before you invest to ensure you are actually supporting LGBTQ+ creations that do support worthy causes and charities. As inclusivity and Web3 continue to grow together we are excited to see what comes next in this area of Web3!</p>



<ul><li>Main Illustration credit: <a href="https://unsplash.com/@ninjason" target="_blank" rel="noreferrer noopener">Jason Leung</a></li></ul>



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Pride 2022 was a chance for members of the NFT community to show their support for members of the LGBTQ+ community. Now that Pride is over, it’s important to take a look back while also providing plenty of ways to continue to engage and support the community. 

Inclusive NFTs: The LGBTQ+ Community


<p>In May 2022, <a href="https://www.christies.com/en/lot/lot-6369482" target="_blank" rel="noreferrer noopener">Christie’s sold “Living Architecture: Casa Batlló” by Refik Anadol</a> for USD 1,380,000. It is the first live dynamic and generative NFT of its kind using environmental data gathered in real-time from sensors placed around Gaudi’s infamous Barcelona building. </p>



<p>Dozens of digital artists that are just beginning their journey have had their breakthroughs with the help of NFTs as well. Take Fvckrender, who specializes in colorful geometric-architectural art. The 1,970 NFTs he produced of his &#8220;rewiring the brain&#8221; piece sold for an average of $4,541 each, making him one of the most successful NFT artists. </p>



<p>Photographers are also exploring the opportunities offered by crypto even if they’re not always trading in their original mediums. Smithsonian-featured artist Trey Ratcliff who also runs the world’s #1 travel photography blog in the world released an NFT-edition of Beautiful Cities of the World which comprises a selection of 50 images. But here’s the beauty of crypto: there’s no need to have an established name to succeed. </p>



<p>Ghozali’s Everyday collection is made of 933 self-portraits that Ghozalo of himself between ages 18 and 22 for a school video. He then decided to turn them into NFTs on the OpenSea market. The collection was launched in January 2022 at $3 – however the floor price quickly reached $3000 apiece.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2022/06/refik-anadol-1024x576.jpg" alt="refik anadol" class="wp-image-23286" srcset="http://nfcms1:80/app/uploads/2022/06/refik-anadol-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/06/refik-anadol-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/06/refik-anadol-768x432.jpg 768w, http://nfcms1:80/app/uploads/2022/06/refik-anadol.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>“Living Architecture: Casa Batlló” by Refik Anadol – live in Barcelona</em></figcaption></figure></div>



<h2>.ART and the NFT artists community</h2>



<p>Lately the community of <a href="https://art.art/?utm_source=Nonfungible&amp;utm_medium=blog&amp;utm_campaign=crypto+initiatives+incl+Verisart" target="_blank" rel="noreferrer noopener">.ART</a>, the fastest growing domain for creatives that recently celebrated its five-year anniversary, has been joined by hundreds of projects and artists working with crypto and exploring the opportunities offered by web3. Among them are NFT marketplaces such as&nbsp;<a href="https://async.art/" target="_blank" rel="noreferrer noopener">async.art</a>&nbsp;and&nbsp;<a href="https://meta.art/" target="_blank" rel="noreferrer noopener">meta.art</a>, liquidity pool&nbsp;<a href="https://all.art/" target="_blank" rel="noreferrer noopener">all.art</a>, the collaborative community with integrated blockchain option&nbsp;<a href="https://dada.art/home" target="_blank" rel="noreferrer noopener">dada.art</a> and digital artists like&nbsp;<a href="https://xcopy.art/" target="_blank" rel="noreferrer noopener">xcopy.art</a>&nbsp;and Pak, who has an ongoing project on&nbsp;<a href="https://burn.art/" target="_blank" rel="noreferrer noopener">burn.art</a>. It is also home to <a href="https://nonfungible.com/news/art/art-domains-snark-art-interview" target="_blank" rel="noreferrer noopener">snark.art and og.art</a>, which are offering artists a platform that bridges a gap between traditional and crypto art markets.&nbsp;</p>



<p>The evolution of digital services that artists receive from .ART has been fast. You can use .ART as a domain name – to showcase your crypto-related project or NFT collection with a clearly identifiable website name. Moreover, you can use the same domain as a memorable crypto currency wallet address for receiving multiple currencies, tokens or NFTs – thanks to the possibility of <a href="https://art.art/blog/art-blockchain-wallets-giving-crypto-a-creative-touch-how-to-register-your-art-name-on-ethereum-name-service?utm_source=Nonfungible&amp;utm_medium=blog&amp;utm_campaign=crypto+initiatives+incl+Verisart" target="_blank" rel="noreferrer noopener">integrating it with Ethereum Name Service (ENS)</a>.&nbsp;</p>



<h2>Certificate your artwork with .ART Digital Twin</h2>



<p>Back in 2019 .ART presented its Digital Twin product at Apsara Conference, organized annually by the Alibaba Group. With <a href="https://ip.art/certstore/?utm_source=Nonfungible&amp;utm_medium=blog&amp;utm_campaign=crypto+initiatives+incl+Verisart" target="_blank" rel="noreferrer noopener">.ART Digital Twin</a> you can create a secure digital certificate of authenticity for your artwork, store information about it and monetize it by using a built-in, no-coding NFT minting solution. </p>



<p>Leveraging the easy-to-understand technology of domain names and using an international standard for describing cultural objects developed by the J. Paul Getty Trust, Digital Twin by .ART provides a sophisticated but intuitive art object identification tool. The product is currently in its beta version and is being tailored towards the needs of the creative community.&nbsp;</p>



<h2>Partnership with Verisart</h2>



<p>Timed to coincide with NFT.NYC, the premier annual NFT conference, .ART has also teamed up with Verisart, a leading web3 platform where creators mint, sell and connect. Now, <a href="https://verisart.com/" target="_blank" rel="noreferrer noopener">Verisart</a> is among the handful of approved apps available in the Shopify NFT Beta Program, which enables Shopify merchants to sell NFTs through a Shopify storefront and accept payment with Shopify Payments. </p>



<p>The no-code solution app enables eligible Shopify Plus merchants to easily mint and sell NFTs through their own storefronts and supports different blockchains, collector rewards and minting 1/1s or 10k drops on Ethereum and Polygon. Customers can claim their purchased NFTs from a personalized dashboard in the merchant’s store.&nbsp;.ART’s community will receive a <a href="https://go.verisart.com/artxverisart/" target="_blank" rel="noreferrer noopener">25% discount</a> on any plan for the Verisart Shopify App and can apply for Shopify’s NFT Beta Program.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><a href="https://go.verisart.com/artxverisart/"><img loading="lazy" width="1024" height="597" src="http://nfcms1/app/uploads/2022/06/shopify-doat-art-nft-1024x597.jpg" alt="shopify dot art nft" class="wp-image-23288" srcset="http://nfcms1:80/app/uploads/2022/06/shopify-doat-art-nft-1024x597.jpg 1024w, http://nfcms1:80/app/uploads/2022/06/shopify-doat-art-nft-300x175.jpg 300w, http://nfcms1:80/app/uploads/2022/06/shopify-doat-art-nft-768x448.jpg 768w, http://nfcms1:80/app/uploads/2022/06/shopify-doat-art-nft.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure></div>



<h2>Supporting more creators in their Web3 journey</h2>



<p>“.ART has essentially been built on ideas and strategies that were novel to the domain community.” Said Ulvi Kasimov, Founder of .ART Domains. “As we continue to innovate and conceptualize new products, we are also thrilled to be able to partner with like-minded companies like Verisart that strive to democratize the art market and already have solutions in place to facilitate that.”</p>



<p>Robert Norton, CEO and co-founder of Verisart, adds: “We are committed to empowering creators with the technology they need to thrive. Our Shopify App makes it easier than ever for merchants to control how their NFTs are sold. By working with the .ART community, we aim to support more creators in their web3 journey.”&nbsp;</p>



<p>All in all, venturing into the unknown crypto world can seem quite intimidating. However, doing so with the help of well-established platform such as Shopify, in tandem with art community oriented companies such as Verisart and .ART Domains, is a little less of a challenge – perhaps, it can even be an adventure.&nbsp;</p>



<p><strong>Get 50% OFF on all .ART domains and launch your journey into crypto. Use promo code VERISXART on </strong><a href="https://get.art/en?utm_source=Nonfungible&amp;utm_medium=blog&amp;utm_campaign=crypto+initiatives+incl+Verisart" target="_blank" rel="noreferrer noopener"><strong>get.art</strong></a><strong> or check with your registrar.&nbsp;</strong></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.        </p>



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While the crypto market might be facing some turbulence, the trust being placed by the creative community into NFTs and other Blockchain solutions is still on the rise. 

.ART Domains continue to empower its community by linking it to the world of crypto with a new partnership


<p>Art has always had a role in defining the essence of a new era: artists embracing new mediums and new technologies. Not only bring their vision to life but spearhead an ideological, technological, and often social change for the rest of the world.&nbsp;</p>



<p>The same is true of the digital world where blockchain is revolutionizing everything. It allows artists to find their audience anywhere in the world, free themselves from the highly regulated gallery and auction world, and gain independence by selling to a whole community of art lovers as opposed to a handful of collectors.&nbsp;</p>



<h2>.Art domains: A Growing adoption</h2>



<p>In the recent years, a plethora of crypto projects has been finding home with .ART, the fastest growing domain zone for creatives and blockchain geeks. The mission of .Art is to empower the art world by fostering the synergy between art, tech and finance. </p>



<p>The 200K+ community counts within itself NFT marketplaces such as&nbsp;<a href="https://async.art/" target="_blank" rel="noreferrer noopener">async.art</a>&nbsp;and&nbsp;<a href="https://meta.art/" target="_blank" rel="noreferrer noopener">meta.art</a>, liquidity pool&nbsp;<a href="https://all.art/" target="_blank" rel="noreferrer noopener">all.art</a>, the collaborative community with integrated blockchain option&nbsp;<a href="https://dada.art/home" target="_blank" rel="noreferrer noopener">dada.art</a> and digital artists like&nbsp;<a href="https://xcopy.art/" target="_blank" rel="noreferrer noopener">xcopy.art</a>&nbsp;and Pak, who has an ongoing project on&nbsp;<a href="https://burn.art/" target="_blank" rel="noreferrer noopener">burn.art</a>.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1600" height="1019" src="http://nfcms1/app/uploads/2022/05/Investorallstars_blog_submissions.jpg" alt="dada art " class="wp-image-22893" srcset="http://nfcms1:80/app/uploads/2022/05/Investorallstars_blog_submissions.jpg 1600w, http://nfcms1:80/app/uploads/2022/05/Investorallstars_blog_submissions-300x191.jpg 300w, http://nfcms1:80/app/uploads/2022/05/Investorallstars_blog_submissions-1024x652.jpg 1024w, http://nfcms1:80/app/uploads/2022/05/Investorallstars_blog_submissions-768x489.jpg 768w, http://nfcms1:80/app/uploads/2022/05/Investorallstars_blog_submissions-1536x978.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /><figcaption><a href="https://dada.art/home" target="_blank" rel="noreferrer noopener">dada.art</a>, platform for collaborative creation based on blockchain</figcaption></figure></div>



<p>.ART Domains talked to one of .ART adopters Andy Alekhin, CEO and co-founder of <a href="https://snark.art/" target="_blank" rel="noreferrer noopener">Snark Art agency</a> that works with artists to help them innovate on the blockchain. It was launched over 5 years ago – at the advent of both crypto and of .ART domains – to find out how the industry has evolved, what’s in it for the creative community and how domain names are relevant to all of this.&nbsp;</p>



<h2>Interview of Andy Alekhin, CEO and Co-Founder of Snark Art agency</h2>



<p><strong>.ART Domains</strong>: As we know, everything starts with a name and picking one is often a challenge for a newborn project. How did you come up with Snark Art?</p>



<p><strong>Snark Art</strong>: We were inspired by Lewis Carol’s poem “The hunting of the snark” &#8211; our company’s philosophy is somewhat similar to that of the author, who gave it the following second title: “The Impossible Voyage of an Improbable Crew to Find an Inconceivable Creature”. That’s what we’ve been doing so far: walking through the darkness of exploration with a great team and a hope to invent new great solutions for the art market.&nbsp;</p>



<p>.<strong>A.D.:</strong> What significant changes have you observed in crypto since the launch of Snark Art?&nbsp;</p>



<p><strong>S.A.</strong>: There have been several waves of change in the crypto market. As it often happens, once a new medium appears, it is first used as the old medium but then it becomes recognised as a truly new way of doing things, which opens up infinite possibilities of creation. This is exactly what happened with NFTs. First, there were jpegs and other static pieces that resembled physical art forms but gradually this evolved into collections that are way less expensive but can be purchased by an entire community. With this completely new model everyone ends up earning more and generating more interest”. Another currently evolving trend is interactivity &#8211; through generative art and dynamic NFTs.&nbsp;</p>



<p>These changes served as a backdrop for a significant shift in perception. It all started with digital artists desperately searching for their place in the classical art world, which perceived them as somewhat inferior. Using blockchain technologies they were able to find their audience, earn millions and ended up in the spotlight &#8211; with the rest of the art world now trying to integrate with the new medium. I think it’s a big win for digital art and NFTs.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="1024" src="http://nfcms1/app/uploads/2022/05/Organic-Growth-1024x1024.jpg" alt="Organic Growth" class="wp-image-22913" srcset="http://nfcms1:80/app/uploads/2022/05/Organic-Growth-1024x1024.jpg 1024w, http://nfcms1:80/app/uploads/2022/05/Organic-Growth-300x300.jpg 300w, http://nfcms1:80/app/uploads/2022/05/Organic-Growth-150x150.jpg 150w, http://nfcms1:80/app/uploads/2022/05/Organic-Growth-768x768.jpg 768w, http://nfcms1:80/app/uploads/2022/05/Organic-Growth.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Organic Growth: Crystal Reef by Michael Joo and Danil Krivoruchko</figcaption></figure></div>



<p><strong>.ART Domains</strong>: After such a breakthrough, what do you think is next for NFTs and will they revolutionize the art world?&nbsp;</p>



<p><strong>Snark Art</strong>: I don’t think NFTs will replace the entire art world – it is of course much wider than that. But I see a big advantage of NFTs in the fact that they can become the mass market as opposed to the currently prevailing elitist one. Only the privileged few have access to art with an adequate art piece priced at $50K+. NFTs open up completely new possibilities: starting from as little as $100 one can become an owner of an interesting artwork. And since all of this is digital, art gets a little closer to the people – which is always great.&nbsp;</p>



<p><strong>.AD</strong>: Have you encountered any skepticism regarding NFTs in the art community? How do you tackle it?&nbsp;</p>



<p><strong>S.A.</strong>: Skepticism is normal. New art movements are often rejected at first just like it happened with impressionism. But a great artist is always willing to experiment. So, we’re seeing a lot of classical medium artists that want to explore the possibilities of blockchain to gain access to new audiences by expressing their old ideas through new mediums.</p>



<p>It’s also important to remember about the effect direct interaction with their community has on artists. There is a dramatic difference between making a couple of artworks a year and selling them to a collector – which is the usual way – and having direct positive feedback from thousands of real supporters that express their admiration by purchasing your artwork. It allows an artist to be a bit of a rock star – this kind of adrenalin and emotions are unforgettable and most artists who experience it once come back to explore the possibility of doing it again.&nbsp;&nbsp;</p>



<p><strong>.A.D.</strong>: As a .ART domain adopter, have you had an opportunity to test our recently launched feature of connecting your domain to your blockchain wallet address, which makes .ART an all-in-one product?</p>



<p><strong>S.A.</strong>: We haven’t used that feature yet but I believe that all experiments where blockchain and NFTs meet domain names have a great potential. It might seem like a novelty but actually Raphael Rosenthal, an artist that pioneered Internet Art, used to sell his digital artworks with corresponding domain names way before the emergence of NFTs as a way to prove their authenticity. DNS provides an additional secure way of digital authenticity certification, which could solve a lot of intellectual property rights issues for new mediums including NFTs”.&nbsp;</p>



<p><strong>.A.D.</strong>: We’re heard that you’ll be launching a new project on og.art this summer– could you give us an exclusive scoop on what it’s all about?&nbsp;</p>



<p><strong>S.A.</strong>: &nbsp;Last year we launched Organic Growth Crystals, a long-term art project with unique mechanics bridging the gap between conventional and NFT art worlds. It became a success with the community having grown to 60K+ participants, a few million dollars in sales and an active secondary market. This made us realize that dynamic NFTs (that keep changing after the purchase) have a great potential. </p>



<p>Our next project that will be housed on the og.art domain will take this idea to the next level – providing a platform for famous digital artists to experiment with the medium. “OG” is a reference to both Organic Crystals and the legendary Original Gangsters, some of whom we’ll be collaborating with – we’ll be able to share more after the official project launch this summer!</p>



<p class="has-text-align-center"><strong><a href="https://www.join.art.art/crypto?utm_source=Nonfungible&amp;utm_medium=blog&amp;utm_campaign=snark.art" target="_blank" rel="noreferrer noopener">Get your .ART domain – give crypto a creative touch!&nbsp;</a></strong></p>



<h2>Digital Innovation in Art award</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1366" height="700" src="http://nfcms1/app/uploads/2022/05/Investorallstars.jpg" alt="Investorallstars" class="wp-image-22897" srcset="http://nfcms1:80/app/uploads/2022/05/Investorallstars.jpg 1366w, http://nfcms1:80/app/uploads/2022/05/Investorallstars-300x154.jpg 300w, http://nfcms1:80/app/uploads/2022/05/Investorallstars-1024x525.jpg 1024w, http://nfcms1:80/app/uploads/2022/05/Investorallstars-768x394.jpg 768w" sizes="(max-width: 1366px) 100vw, 1366px" /></figure></div>



<p>Snark Art is an outstanding example of a tech company creating new instruments for innovation, self-actualization and freedom of expression for artists – exactly the kind of enterprise honored by Digital Innovation in Art Award run by .ART Domains in collaboration with Investor Allstars. </p>



<p>Considered to be “the Oscars of the tech world”, Investor Allstars will be hosting this year’s ceremony in London on October 6<sup>th</sup>, 2022. This will be an exclusive event marking the 20<sup>th</sup> Anniversary of Investor Allstars and the 5<sup>th</sup> Anniversary of .ART Domains! For a chance to share the table with art world disruptors and tech innovators, enter your project before July 8<sup>th</sup> – details can be found <a href="https://art.art/digital-innovation-in-art-award%20?utm_source=NonFungible+&amp;utm_medium=blog&amp;utm_campaign=May" target="_blank" rel="noreferrer noopener">here</a>.&nbsp;</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.       </p>



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<div class="wp-block-image advertise-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/businesses" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1024x1024.png" alt="Get your brand in front of the most qualified NFT audiences. Advertise with us" class="wp-image-66371" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


There is a dramatic difference between making a couple of artworks a year and selling them to a collector – which is the usual way – and having direct positive feedback from thousands of real supporters that express their admiration by purchasing your artwork.

.Art Domains and Snark Art: the future of digital art and blockchain


<p>A technologically advanced society like Japan is a natural place for non-fungible tokens to flourish. And while the <a href="https://www.statista.com/statistics/1278047/global-nft-adoption-by-country/" target="_blank" rel="noreferrer noopener">adoption of NFTs has been slow in Japan</a> thus far, we believe the conditions are ideal for sustained growth and innovation.</p>



<h2>NFT’s Home in the East</h2>



<p>Japanese values align with the essential nature of NFTs. For instance, <em>omoiyari</em> — awareness and consideration of others — is taught to Japanese school children from an early age. This principle parallels the community building and concern for barriers to entry common to NFT projects. Values like <em>ganbaru</em> (effort) and <em>gaman</em> (enduring) cultivated from years of quality education and broader socialization propel continued learning essential to Web3 technologies and overcoming barriers.&nbsp;</p>



<p>The Japanese NFT community is in its early days. In this article, we’ll provide an overview of the community from the standpoint of cultural exports, namely the mangaverse and gaming.</p>



<h2>Anime and the Mangaverse</h2>



<p>Japanese animation, known as anime, takes inspiration from manga. Manga parallel the comic books of the Western world from which they arose after World War II. And so we have the term ‘mangaverse’ which plays off &#8216;metaverse&#8217;. The visual nature and rich heritage behind established manga and anime present natural opportunities for transfer into the metaverse in the form of non-fungible tokens.&nbsp;</p>



<h3>Otaku Coin</h3>



<p><a href="https://otaku-coin.com/#content01" target="_blank" rel="noreferrer noopener">OtakuCoin</a> presents itself as a community for anime lovers. <em>Otaku </em>is a Japanese term that refers to someone with an intense interest in something, often anime. In the OtakuCoin app, community members receive coins by expressing their adoration for anime, watching trailers, and sharing information to social media. The direct feedback anime studios receive closes the gap between audience and creators.</p>



<h3>CloneX: Murakami x RTKFT</h3>



<p>One popular mangaverse NFT project is CloneX. According to our data at the time of writing this article, <a href="https://nonfungible.com/market-tracker/clonex" target="_blank" rel="noreferrer noopener">CloneX ranks sixth among collectibles</a> offered on the Ethereum blockchain. <a href="https://rtfkt.com" target="_blank" rel="noreferrer noopener">RTFKT</a> (pronounced &#8216;artifact&#8217;) and contemporary Japanese artist <a href="https://gagosian.com/artists/takashi-murakami/" target="_blank" rel="noreferrer noopener">Takashi Murakami</a> collaborated on this project that blends commercial art, streetwear, and metaverse experimentation in the shape of avatars. The collaboration makes sense because RTFKT is a strictly metaverse brand while <a href="https://moneyinc.com/richest-painters/" target="_blank" rel="noreferrer noopener">Murakami is one of the wealthiest living artists</a>. His name brings instant recognition and credibility to any project.&nbsp;</p>



<p>Unlike offerings from legacy brands, the CloneX team emphasizes how their creation has been made for the metaverse rather than transferred into it from an historical brand&#8217;s back catalog. Their Web3 avatars can be worn by their owners in the metaverse. At the same time, we can see correspondences between Murakami&#8217;s earlier work where cute, manga-inspired characters float amid flat abstract landscapes on a swooping wave from <a href="https://nonfungible.com/news/art/the-british-museum-is-auctioning-hokusai-nft-art" target="_blank" rel="noreferrer noopener">Hokusai</a>. </p>



<p>However, in the form of an NFT, Murakami&#8217;s work becomes closer to the audience, an extension of its owner whereas his prior work existed as objects alone. That NFTs can drive innovation in the work of one of the world&#8217;s most celebrated artists speaks to their generational rarity as a force for artistic metamorphosis.</p>



<div class="wp-block-image"><figure class="aligncenter"><img src="https://lh4.googleusercontent.com/MY9sX3n2MhwxjU4xd8jlOi3hsnYBT1PHz2cRDkL9ie03A8Dgbqw5lQlGHnA8c7EqwRPjiDl4U7i9BcjnmqG4t5poWP6ovx1Fihpbv-JL-Mn65417rV7Bwe-w66f4vP1McYy02VcM5qjQ_5UU7g" alt=""/><figcaption>Source: <a href="https://gagosian.com/artists/takashi-murakami/" target="_blank" rel="noreferrer noopener">https://gagosian.com/artists/takashi-murakami/</a></figcaption></figure></div>



<h3>Murakami.Flowers</h3>



<p>The cuteness of Clone X avatars comes with an edge. On the other hand, <a href="https://opensea.io/collection/murakami-flowers-2022-official?utm_source=google&amp;utm_medium=paid&amp;utm_account=6961136327&amp;utm_term=&amp;utm_matchtype=&amp;utm_campaignid=17264336081&amp;utm_adgroupid=139260598520&amp;wpsrc=Google%20AdWords&amp;wpcid=17264336081&amp;wpsnetn=g&amp;wpkwn=&amp;wpkmatch=&amp;wpcrid=598001043060&amp;wpscid=139260598520&amp;wpkwid=dsa-1656996903288&amp;gclid=Cj0KCQjwyYKUBhDJARIsAMj9lkFfjoGvAFMvBqPUmi25Ptskihk0WCQ6_mXwNjxWFy7v7Vfz641ftU0aAmVNEALw_wcB" target="_blank" rel="noreferrer noopener">Murakami’s flowers project</a> takes the edge off in bright dot art that calls back to Japanese TV games of the 1970s. There is some menace lurking though. The number 108, which alludes to <em>bonnō</em>, or earthly temptations, counterpoints their colorful exuberance. That same number also serves as a pivot point for the project because the combination of 108 backgrounds and 108 flower images add up to the total 11,664 non-fungible tokens available.</p>



<h3>NFT Festa 2022</h3>



<p>Held completely in the metaverse in the Spring of 2022, <a href="https://nftfesta.com" target="_blank" rel="noreferrer noopener">NFT Festa</a> brought together over 500 NFT artists with an emphasis on French and Japanese creators. The week-long event was free to attend and required no cryptowallet. Anyone who could create a project was allowed to submit their data, which argues for the more level playing field of NFTs. Unknowns could find themselves adjacent to a recognized, respected figure in the exhibition!</p>



<h3>Azuki</h3>



<p>At the time of this article’s posting, <a href="https://nonfungible.com/market-tracker/azuki" target="_blank" rel="noreferrer noopener">Azuki ranked as the fifth most popular NFT project among collectibles</a> according to our data. Purchase of an Azuki NFT grants a user entrance to The Garden metaverse. At the core of the <a href="https://www.azuki.com/garden" target="_blank" rel="noreferrer noopener">Azuki</a> metaverse we find the ethos that guides NFTs themselves:&nbsp;</p>



<ul><li>building open communities</li><li>consciously going against barriers that recur and restrict in the real world</li><li>decentralized decision making</li><li>upcoming physical world features</li></ul>



<p>Although Azuki is directly inspired by manga culture, we wanted to precise that <strong>the project is not Japanese</strong>. It does, however, mark a recognition of the NFT community in relation to this culture.</p>



<h2>Blockchain Gaming and Japan</h2>



<p>Games are common to many non-fungible token projects. In the very early stage of blockchain gaming, two japanese games were released: <a href="https://nonfungible.com/news/game/discover-my-crypto-heroes-on-nonfungible-com" target="_blank" rel="noreferrer noopener">My Crypto Heroes</a> and <a href="https://nonfungible.com/market-tracker/bravefrontierheroes" target="_blank" rel="noreferrer noopener">Brave Frontier Heroes</a> by Double Jump Tokyo. But we could say that the approval of the Enjin Coin by the Japanese Virtual Currency Exchange Association in March 2021 opened the door for more projects in the Japanese market.</p>



<p>The Azuki community plans a game for its metaverse and Murakami&#8217;s NFT flowers recall the early years of Japanese gaming. Some of those early gaming brands are still in operation. Among them, <a href="https://nintendoeverything.com/nintendos-full-comments-on-the-metaverse-and-nfts/" target="_blank" rel="noreferrer noopener">Nintendo</a> and <a href="https://www.pcgamer.com/sega-files-trademark-for-sega-nfts/" target="_blank" rel="noreferrer noopener">Sega</a> have voiced interest in NFT projects, though they’ve yet to describe the shape their projects might take. <a href="https://www.hd.square-enix.com/eng/" target="_blank" rel="noreferrer noopener">Square Enix</a>, on the other hand, has fully committed to the potential of NFTs, blockchain games, and the metaverse in general</p>



<h3>The Enjin Ecosystem</h3>



<p>Thus far, <a href="https://enjin.io/blog/enjin-coin-japan-listing" target="_blank" rel="noreferrer noopener">Enjin Coin</a>&#8216;s (ENJ) major contribution consists of receiving approval from the Japanese Virtual Currency Exchange Association (JVCEA). ENJ is the first gaming token to receive such approval. It was created by the Singapore-based company of the same name whose gaming platform has over 20 million users. </p>



<p>ENJ&#8221;s main strength is that it&#8217;s designed with gaming in mind, unlike many other cryptocurrencies. Enjin serves as a common currency across multiple games where players can earn NFT loot.</p>



<h3>Square Enix and the NFT ecosystem</h3>



<p>We can see from their<a href="https://www.hd.square-enix.com/eng/news/2022/html/a_new_years_letter_from_the_president_2.html" target="_blank" rel="noreferrer noopener"> President’s New Year’s Letter</a> how the metaverse converges with the company’s research and development of AI, XR, and the cloud space. <a href="https://venturebeat.com/2022/05/01/embracer-agrees-to-buy-crystal-dynamics-eidos-montreal-square-enix-montreal-and-their-ip/" target="_blank" rel="noreferrer noopener">Square Enix&#8217;s recent sale</a> of some of their major Western intellectual properties to the Embracer Group for $300 million quantifies the brand&#8217;s commitment to funding metaverse ventures, including NFTs.&nbsp;</p>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
https://www.youtube.com/watch?v=-QEOTkxyQ-o
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<p>Dungeon Siege, a Square Enix property, already features in The Sandbox. <a href="https://nonfungible.com/market-tracker/thesandbox">The Sandbox</a> is an Ethereum-based metaverse built on NFT collectibles. Within The Sandbox, Dungeon Siege players will be able to buy plots of NFTs of LAND and in-game items like avatars.&nbsp;</p>



<p>The dynamic between Dungeon Siege and The Sandbox resembles that of the Murakami-RTFKT collaboration: an established metaverse entity and a real-world entity contribute their strengths to exchange benefits that NFT enthusiasts can enjoy. Square Enix has made popular role-playing games (RPGs) for decades, Dungeon Siege being one such title. The Sandbox has established itself as a premier metaverse that has garnered collaborations with <a href="https://www.sandbox.game/en/snoopdogg/" target="_blank" rel="noreferrer noopener">Snoop Dogg</a> and <a href="https://medium.com/sandbox-game/the-sandbox-partners-with-shibuya109-to-launch-shibuya109-land-f116ed4beed" target="_blank" rel="noreferrer noopener">SHIBUYA109 Entertainment Corporation</a>.</p>



<h2>Preserving cultural authenticity with NFTs</h2>



<p>Authenticity carries or sinks many NFT projects. When a nation’s cultural heritage plays a role, as Japan’s does in the cultural exports we’ve discussed here, we argue that authenticity is an even greater concern. NFT and metaverse creators who call back to rich cultural history would do well to build it in as a foundational concern. Likewise for investors. An appealing surface could disguise cultural and historical missteps in a project that attempts to draw on the past without consideration for context.</p>



<p>That said, the mangaverse has been established world-wide and big-name Japanese companies have begun to invest heavily in the metaverse. This is a sound foundation for future collaborations and innovations for years to come in the Japanese NFT market.</p>



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<div class="wp-block-image consulting-launch"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/businesses" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1024x1024.png" alt="Need help with your launch? Tokenomics, pricing, and scarcity... Ask our NFT market experts" class="wp-image-66379" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


The Japanese NFT community is in its early days. In this article, we’ll provide an overview of the community from the standpoint of cultural exports, namely the mangaverse and gaming.

NFTs & Japanese Culture: a rising, diverse community


<p>Just as the art world has wrapped its mind around the idea of using digital as one of its mediums, technological progress has leaped much further – all the way into multiverse events. As much as it can be unsettling, it is also an unprecedented opportunity. </p>



<p>In March 2021, <a href="https://nonfungible.com/news/metaverse/decentraland-and-the-metaverse-fashion-week" target="_blank" rel="noreferrer noopener">Decentraland hosted the first metaverse fashion week</a> which allowed for “everyone from anywhere” to attend, instead of a selected few plucked from the traditional fashion scene. Even Doctor Strange is having his next adventure in – yes you guessed right – the multiverse!</p>



<h2>What is .ART Digital Twin?</h2>



<p>In the metaverse, you need an avatar to represent you &#8211; an online character that will either mimic your physical characteristics or take on a completely different form. Your artwork needs a metaverse projection too – a so-called “digital twin”. Back in 2019 <a href="https://art.art/?utm_source=NonFungible%20&amp;utm_medium=web&amp;utm_campaign=Roborace%20Open%20Call" target="_blank" rel="noreferrer noopener">.ART Domains</a> presented its Digital Twin product at Apsara Conference, organized annually by the Alibaba Group. </p>



<p>With <a href="https://ip.art/certstore/?utm_source=NonFungible+&amp;utm_medium=web&amp;utm_campaign=Roborace+Open+Call" target="_blank" rel="noreferrer noopener">.ART Digital Twin</a> you can create a secure digital certificate of authenticity for your artwork and store information about it. You can also monetize it by using a built-in, no-coding NFT minting solution. Leveraging the easy-to-understand technology of domain names and using an international standard for describing cultural objects developed by J. Paul Getty Trust, Digital Twin by .ART provides a sophisticated but intuitive art object identification tool.&nbsp;</p>



<p>As the product is currently being tailored towards the needs of the creative community, .ART presents a unique opportunity for artists submitting their entries for Roborace to be a part of the future and influence Digital Twin’s further development.</p>



<p>This comes as the global AR, VR, and MR market is projected to reach $300 billion by the end of 2024. With all this in mind it still must be noted: it’s up to us as individuals to build up the metaverse and make sure that the world of “beyond” has a fair representation of creativity, beauty, and art in it.</p>



<h2>The 24 days of l&#8217;.ART</h2>



<p>Next up are racing events. Roborace, the world’s first extreme competition of teams developing self-driving AI, will be hosting twelve races over six events this summer in a mixed reality environment that blends elements of the virtual and physical worlds for teams and fans alike.</p>



<p><a href="https://art.art/?utm_source=NonFungible+&amp;utm_medium=web&amp;utm_campaign=Roborace+Open+Call" target="_blank" rel="noreferrer noopener">.ART</a>, the growing domain for creatives that sees its mission in facilitating the interaction between art, tech and finance, has partnered with <a href="https://roborace.com/" target="_blank" rel="noreferrer noopener">Roborace</a> as well as <a href="https://wkt.io/" target="_blank" rel="noreferrer noopener">Wakatta</a>, the first NFT-focused blockchain for entertainment and <a href="https://sensoriumgalaxy.com/" target="_blank" rel="noreferrer noopener">Sensorium</a>, the company behind one of the world’s leading entertainment metaverses. As the line between real and digital continues to blur, they created an opportunity for digital artists to spearhead their creative transition into the metaverse – <strong>The 24 Days Of L’ .ART</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="720" src="http://nfcms1/app/uploads/2022/04/roborace-24-days-of-art.jpg" alt="roborace 24 days of art" class="wp-image-20805" srcset="http://nfcms1:80/app/uploads/2022/04/roborace-24-days-of-art.jpg 1280w, http://nfcms1:80/app/uploads/2022/04/roborace-24-days-of-art-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/04/roborace-24-days-of-art-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/roborace-24-days-of-art-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /><figcaption><em>Roborace &#8211; The 24 Days of L&#8217;.ART</em></figcaption></figure></div>



<p>Inspired by the 24 Hours of Le Mans, The 24 Days Of L’.ART is an international art competition and an opportunity for 3D artists worldwide to exhibit their talents at Roborace. Roborace is a racing metaverse that combines the excitement of physical racing with artificial intelligence and augmented reality to take motorsports to the next level.</p>



<blockquote class="wp-block-quote"><p><em>“.ART has always been at the forefront of innovation, especially when it comes to bringing the benefits of tech and finance to the art world. The 24 Days Of L’.ART is a collaboration that does exactly that &#8211; allows artists to take their creations beyond the physical realm into the metaverse, where the aren’t any borders and, more importantly, no barriers for freedom of creative expression. We hope that Digital Twin by .ART will serve well in its role of an informational container, allowing artworks to be represented in the metaverse with all the context that makes up their value”</em></p><cite> Ulvi Kasimov,  Founder of .ART Domains </cite></blockquote>



<h2>Roborace is an AR-enhanced race</h2>



<p>Roborace’s electric and fully autonomous racing cars will compete in real-world tracks, with added challenges straight from the metaverse. Augmented reality objects scattered around the tracks will magnify the difficulty and dangers of these races, but also heighten the level of entertainment delivered to fans.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="660" src="http://nfcms1/app/uploads/2022/04/RoboRace-racing-art.jpg" alt="RoboRace racing art" class="wp-image-20799" srcset="http://nfcms1:80/app/uploads/2022/04/RoboRace-racing-art.jpg 1200w, http://nfcms1:80/app/uploads/2022/04/RoboRace-racing-art-300x165.jpg 300w, http://nfcms1:80/app/uploads/2022/04/RoboRace-racing-art-1024x563.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/RoboRace-racing-art-768x422.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption><em>Roborace &#8211; AR-enhanced</em></figcaption></figure></div>



<p>The 24 Days Of L’.ART is a competition where artists can submit their original 3D artworks to be used as obstacles in a Roborace AR-enhanced race. Artists will also gain exposure by joining the live broadcast of the race, and getting a chance to shed light on the inspiration behind their creations. It is a unique opportunity for creators to embrace the possibilities of the metaverse, diversify their artistic process and take part in defining the future of art.</p>



<p>There are three steps in the application process:</p>



<ul><li>1.&nbsp; &nbsp; Prepare your art. All 3D artworks must comply with Roborace’s technical guidelines.</li><li>2.&nbsp; &nbsp; Upload your 3D artworks using the .<a href="https://ip.art/certstore/?utm_source=NonFungible+&amp;utm_medium=web&amp;utm_campaign=Roborace+Open+Call" target="_blank" rel="noreferrer noopener">ART Digital Twin solution</a>. This will also allow you to keep the .ART domain it comes with forever – free of charge.</li><li>3.&nbsp; &nbsp; Complete the application form indicating your .ART Digital Twin URL.</li></ul>



<p><strong>All the information, guidelines and application form can be found at </strong><a href="https://24days.art/?utm_source=NonFungible+&amp;utm_medium=blog&amp;utm_campaign=Roborace+Open+Call" target="_blank" rel="noreferrer noopener">24days.art</a> <strong>Submission deadline is May 31<sup>st</sup>, 2022.</strong></p>



<p>Submit your art to The 24 Days Of L’.ART now and make sure it launches with your artwork as one of its main attractions!&nbsp;</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.   </p>



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<div class="wp-block-image consulting-launch"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/businesses" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1024x1024.png" alt="Need help with your launch? Tokenomics, pricing, and scarcity... Ask our NFT market experts" class="wp-image-66379" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Project-launch-support-1x116-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


ART Domains open call: have your digital art exhibited in the metaverse with Roborace. ART Domains and its Blockchain partners present an opportunity for artists to join a global multi-metaverse competition with their 3D creations. Submit by May 31st,2022!

.ART Domains open call: exhibit in the metaverse with Roborace


<p>After launching its first NFT collection to celebrate the anniversary of the legendary R5, Renault continues its roadmap with a second drop. The new RACING SHOE5 collection will be phygical by combining Collectible NFT and the possibility of claiming a pair of physical shoes.</p>



<h2>Renault NFTs: the R5 series</h2>



<p>To celebrate the <sup>50th</sup> anniversary of the Renault 5 (R5) car series, French car brand Renault released its first NFT collection in December 2022: the <a href="https://opensea.io/collection/r3nlt-genr5" target="_blank" rel="noreferrer noopener">genR5</a>. Directly inspired by the design of the iconic car, 1972 (in reference to the year the R5 was put on the market) NFT were sold. </p>



<p>With four different genR5 models and several levels of rarity, these NFTs made it possible to be part of the community but also to access benefits and bonuses in the real world. For example, 5 holders of &#8220;Le Car van&#8221; were drawn to watch tennis matches at Rolland Garros from the VIP Village while holders of &#8220;TL&#8221; were drawn to visit the Atelier of The Originals Renault &#8211; La Collection.</p>



<p>The rarest NFT (Electric and R5 Turbo) holders will have the privilege of being drawn for more exclusive benefits such as vehicle tests or a free mint for an upcoming drop.</p>



<p>This genesis edition aims to draw a link between the past and the present as well as prepare the arrival of a new R5 in 2024.</p>



<h2> The RACING SHOE5 NFT</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="426" src="http://nfcms1/app/uploads/2023/05/Renault-NFT-Racing-Shoe5-1024x426.jpg" alt="Renault NFT Racing Shoe5" class="wp-image-288637" srcset="http://nfcms1:80/app/uploads/2023/05/Renault-NFT-Racing-Shoe5-1024x426.jpg 1024w, http://nfcms1:80/app/uploads/2023/05/Renault-NFT-Racing-Shoe5-300x125.jpg 300w, http://nfcms1:80/app/uploads/2023/05/Renault-NFT-Racing-Shoe5-768x319.jpg 768w, http://nfcms1:80/app/uploads/2023/05/Renault-NFT-Racing-Shoe5-1536x639.jpg 1536w, http://nfcms1:80/app/uploads/2023/05/Renault-NFT-Racing-Shoe5.jpg 1729w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Different colors of RACING SHOE5 by Renault</em></figcaption></figure></div>


<p>For this 2nd drop, <a href="http://bit.ly/R3NLT-nonFungible" target="_blank" rel="noreferrer noopener">Renault</a> goes further in innovation and the drop will be pairs of sneakers this time. In connection with the design of the R5 Turbo, NFTs that will initially be in digital form can be claimed for their physical clone which delivery is planned on September 2023. </p>



<p>The digital versions of the RACING SHOE5&nbsp; have been designed so that their collectors can know exactly what they will have if they wish to claim them in the physical world. In particular, it will be possible to:</p>



<ul><li>Personalize the RACING SHOE5</li><li>Try them virtually thanks to an AR filter</li><li>Discover them through a 3D immersive eshop developedby Renault</li></ul>



<p>In addition to these interactive experiences, each pair of sneakers will have a digital passport that will contain information related to the RACING SHOE5 such as the production circuit, their origin, the materials used&#8230;</p>



<p>To have this information in an instant, an NFC chip will be present in each pair and it will be enough to scan the chip with a smartphone to mint the NFT containing the digital passport. </p>



<h2>Racing Shoe5 drop information</h2>



<p>The drop will take place in Renault&#8217;s immersive store which will be online on the day of the drop and will cost 265 euros (about $287) per NFT. It will be possible to pay by credit card or crypto and Gen5 holders will be able to mint 48h the dirty public. Here is the agenda of the sale:&nbsp;</p>



<ul><li>15 May 2023 at 6 p.m. CET: open to genR5 NFT holders</li><li>16 May 2023 at 6 p.m. CET: those registered for the pre-sale</li><li>17 May 2023 at 6 p.m. CET: general sale</li></ul>



<p>To benefit from privileged access to the sale, it will be necessary to go to the <a href="https://discord.gg/r3nlt" target="_blank" rel="noreferrer noopener">Renault Discord</a> or buy a genR5! A maximum of 6 NFT  can be purchased per account (one of each color) and delivery of the physical shoes will be scheduled in September.</p>



<p>Do not hesitate to follow Renault on their different channels to be aware of their latest updates!</p>



<p><a href="http://bit.ly/R3NLT-nonFungible" target="_blank" rel="noreferrer noopener">Website</a> – <a href="https://twitter.com/Renault_NFT" target="_blank" rel="noreferrer noopener">Twitter</a> – <a href="https://discord.gg/r3nlt" target="_blank" rel="noreferrer noopener">Discord</a> – <a href="https://opensea.io/collection/r3nlt-genr5" target="_blank" rel="noreferrer noopener">Collection Gen5</a></p>


The French car brand Renault continues its NFT adventure with a new drop: RACING SHOE5. What's under the hood? 

RACING SHOE5 from Renault


<p>NFTs can be used to connect the real world and the virtual world, even more so when the real world community is already federated. For the sports industry, it was therefore very natural to develop projects around NFTs to be as close as possible to their community. Whether it&#8217;s Adidas, Nike, the NHL or Formula One, all these major brands have made a project or have taken a strong interest in the web3 environment.</p>



<p>One of the latest companies to join the big brands using the benefits offered by NFTs is the French company PMU. With the Stables project, the bet horsing company wants to create a privileged environment between its community and horse racing. But PMU wants to go beyond their own community and expand their world to what Web3 offers the best : a new audience, a new public and new horizons!</p>



<h2>Presentation of PMU and Stables</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="800" height="297" src="http://nfcms1/app/uploads/2023/01/stables-combined.png" alt="" class="wp-image-288157" srcset="http://nfcms1:80/app/uploads/2023/01/stables-combined.png 800w, http://nfcms1:80/app/uploads/2023/01/stables-combined-300x111.png 300w, http://nfcms1:80/app/uploads/2023/01/stables-combined-768x285.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure></div>


<p>The <a href="https://www.pmu.fr/" target="_blank" rel="noreferrer noopener">PMU</a> is the European leader and n°3 worldwide in horse betting whose economic mission is to finance the French equestrian sector. Their experience in horse racing as well as their in-depth knowledge of this sector will be put to work in Stables.</p>



<p>The Stables project was created in partnership with <a href="https://321founded.com/" target="_blank" rel="noreferrer noopener">321founded</a>, a French corporate start-up studio whose job is to create start-ups on behalf of institutions. And to achieve their goals, they have recruited talented web3 experts, professionals from the equestrian world and a video game studio.</p>



<p>Because yes, Stables will be a fantasy game that will use NFT in its gameplay using the Tezos blockchain.</p>



<h2>An Ambitious Horses Fantasy Game</h2>


<div class="wp-block-image">
<figure class="aligncenter"><img src="https://lh6.googleusercontent.com/XXCpaw2UBY2PaTW-ALpo5iNuoJl8ipwmPxgDlWl7xgVx_QkURWwuI5kxff1cRYko2_fLYpARHu07m9jr9-d_WCaMfGNSeHhJMv_3-X4WOJ4lJHhwXKwJP_bM0ZyzQdrzxIdYbQZYeea8rAayfGPXeBHxGhVpymqsbtOllijA3NWR3Ibyw815ZCBXm4K5dA" alt=""/></figure></div>


<p>Stable<strong>s</strong> will be a fantasy game, meaning real-world elements will be used in the game for a more immersive experience. And since it is a fantasy game, several customization options will be available for your horses</p>



<p>Thanks to the use of 10 years of historical race data from the PMU, Stables will be able to create digital duplicates of already existing horses and stables. These doubles will be Stables&#8217; Genesis collection for the first drop.</p>



<p>Hundreds of attributes have been drawn to pixel-perfection by artists with an original and unique style all in 3D. For this first launch, minting at the drop will give you access to the Early Access Pack, which contains:</p>



<ul><li>Your NFT of course</li><li>Access to the alpha of the game</li><li>Bonus items&nbsp;</li><li>Some Stables Points&nbsp;</li><li>1 secret item</li></ul>



<p>From Q3 2023, it will become possible to virtually improve and modify performance and results charts. It is therefore at this point that the decisions will become more important and decisive for the strategy you intend to put in place to be the best!</p>



<h2>The Next Steps of Stables</h2>



<p>Stables is in a whitelist period, so we encourage you to follow them on their social networks and their Discord. By registering, you will receive a free Stables Pass (ntNFT) which will be your key to the entire Stables universe and the whole process up to the mint of your NFT.</p>



<p>The sooner you will be part of this community, the higher the chance you will have to be whitelisted this month. The Stables Whiteslist will open the 9th of January until the end of Q1 2023. The NFT drop will happen.</p>



<p>The game will be released in the third quarter of 2023 and international development is scheduled for the very beginning of 2024. Many surprises are therefore expected by this game with multiple promises!</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="934" height="668" src="http://nfcms1/app/uploads/2023/01/visuel-races.jpg" alt="" class="wp-image-288147" srcset="http://nfcms1:80/app/uploads/2023/01/visuel-races.jpg 934w, http://nfcms1:80/app/uploads/2023/01/visuel-races-300x215.jpg 300w, http://nfcms1:80/app/uploads/2023/01/visuel-races-768x549.jpg 768w" sizes="(max-width: 934px) 100vw, 934px" /></figure></div>


<h2><strong>Join the race!</strong></h2>



<p><strong>Find the whole universe of Stables on:</strong></p>



<ul><li>Teaser: <a href="https://vimeo.com/dkft/review/748033874/079269c50a" target="_blank" rel="noreferrer noopener">https://vimeo.com/dkft/review/748033874/079269c50a</a></li><li>Website: <a href="https://playstables.io" target="_blank" rel="noreferrer noopener">https://playstables.io</a></li><li>Discord: <a href="https://discord.gg/RhP4dk8bXC" target="_blank" rel="noreferrer noopener">https://discord.gg/RhP4dk8bXC</a></li><li>Twitter: <a href="https://twitter.com/playstables" target="_blank" rel="noreferrer noopener">@playstables</a></li><li>Instagram: <a href="https://www.instagram.com/playstables/" target="_blank" rel="noreferrer noopener">@playstables</a></li><li>LinkedIn: <a href="https://www.linkedin.com/company/playstables/" target="_blank" rel="noreferrer noopener">https://www.linkedin.com/company/playstables/</a></li><li>Whitelisting process: <a href="https://stables.crew3.xyz" target="_blank" rel="noreferrer noopener">https://stables.crew3.xyz</a></li></ul>


The equestrian sport industry continues to renew itself and innovate forever and are closer to its supporters. Today, the French company PMU announced an NFT project: Stables.

Stables: A New Fantasy Horse Game


<h2>Iconic Movie Actor Entering the NFT Space</h2>



<p>Since 2020, we have seen the arrival of many players from the film industry in the NFT space. At that time it had become impossible to meet physically in studios due to lockdowns and NFTs opened up a new way for many artists to continue to express themselves.</p>



<p>Anthony Hopkins recognized this very quickly and was one of the first of his peers to create a film by integrating NFTs into his creative process! The film <em>Zero Contact </em>was made remotely and the NFT owners could participate in the making of the film. Many NFT initiatives with films have emerged over the past two years, experimenting with new ways of reinventing cinema.</p>



<p>After the collection that was related to the film <em>Zero Contact</em>, Anthony Hopkins decided to go further into the Web3 ecosystem and released <a href="https://opensea.io/collection/anthony-hopkins-eternal/drop?utm_source=article&amp;utm_medium=article&amp;utm_campaign=nonfungible" target="_blank" rel="noreferrer noopener">The Eternal Collection NFT</a> on October 13th in partnership with Orange Comet.</p>



<h2>Orange Comet Partnership with Sir Anthony Hopkins</h2>



<p>This is not Orange Comet’s first foray into the NFT space, indeed the company has already partnered with AMC’s The Walking Dead’s NFT collection and recently announced expanded partnership to include Anne Rice’s: Interview With The Vampire television series.</p>



<p>On October 13th, it will no longer be a question of cinema but of a new artistic collection with this mint on OpenSea, hosted on Ethereum. Indeed, Anthony Hopkins is not only a film actor but also a painter, with a style that has evolved over the years. Following on with the continuity of his journey towards digital, the artist once again is moving towards NFTs to express his art.</p>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="SIR ANTHONY HOPKINS - THE ETERNAL NFT COLLECTION" width="500" height="281" src="https://www.youtube.com/embed/FXflyR9Vba8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div></figure>



<p>This collaboration led to the creation of The Eternal Collection consisting of 1000 unique NFTs.</p>



<h2>The Eternal NFT Collection</h2>



<p><a href="https://orangecomet.com/collection/anthony-hopkins-eternal/?utm_source=article&amp;utm_medium=article&amp;utm_campaign=nonfungible" target="_blank" rel="noreferrer noopener">The Eternal Collection</a> has been inspired by the different iconic roles Sir Anthony Hopkins has portrayed during his storied career. Included in the NFT collection one will find the ‘Jester,’ ‘Lover,’ ‘Ruler,’ ‘Rebel,’ ‘Giver,’ ‘Hero,’ ‘Explorer,’ ‘Creator,’ ‘Magician,’ and ‘Sage&#8217;.</p>



<p>For the uniqueness of the creations to be preserved, the supply of the collection is relatively low: only 1000 NFTs will be available for sale. In addition to different levels of rarity, here&#8217;s what The Eternal Collection will contain:</p>



<ul><li>10 Unique and random 1/1 Signature Animation NFTs, each featuring a different character archetype.&nbsp;</li><li>990 Unique 1/1 images based on the 10 archetypes (99 variants for each archetype)</li></ul>



<p>Each of these NFTs are legendary, but the 10 unique 1/1 will allow you to have a Zoom interview with Anthony Hopkins as well as a Dreamscapes Art Book. This art book will allow you to better understand the life and intimacy of the actor through these different visual, written or musical works.</p>



<h2>The Benefits for Holders</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="683" src="http://nfcms1/app/uploads/2022/10/anthony-hopkins-nft-collection-1024x683.jpg" alt="anthony hopkins nft collection" class="wp-image-68872" srcset="http://nfcms1:80/app/uploads/2022/10/anthony-hopkins-nft-collection-1024x683.jpg 1024w, http://nfcms1:80/app/uploads/2022/10/anthony-hopkins-nft-collection-300x200.jpg 300w, http://nfcms1:80/app/uploads/2022/10/anthony-hopkins-nft-collection-768x512.jpg 768w, http://nfcms1:80/app/uploads/2022/10/anthony-hopkins-nft-collection.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>This will also be the case for 39 holders of the other 990 legendary works of <a href="https://opensea.io/collection/anthony-hopkins-eternal/drop?utm_source=article&amp;utm_medium=article&amp;utm_campaign=nonfungible" target="_blank" rel="noreferrer noopener">The Eternal Collection</a> to be drawn at random and will receive the art book. Other benefits await these holders randomly:</p>



<ul><li>100 of them will have a special message in the form of an NFT directly delivered to their wallet.</li><li>5 will be randomly chosen to join an intimate discussion with Sir Anthony Hopkins (via Zoom)</li><li>1 will be selected to have a once in a lifetime one-on-one zoom with Sir Anthony Hopkins.</li></ul>



<p>Sir Anthony Hopkins has also announced his partnership with Inner-City Arts. In alignment with their mission “to engage young people in the creative process in order to shape a society of creative, confident, and collaborative individuals,” he has pledged a donation from the proceeds of The Eternal Collection to support their cause, quality arts instruction for students from underserved communities, integrated arts workshops for educators, and programming designed for the community through The Rosenthal Theater in Los Angeles.</p>



<p>For more information on this unique drop, do not hesitate to check out:</p>



<p><a href="https://orangecomet.com/collection/anthony-hopkins-eternal/?utm_source=article&amp;utm_medium=article&amp;utm_campaign=nonfungible" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://twitter.com/orangecometnft" target="_blank" rel="noreferrer noopener">Twitter</a> </p>



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Sir Anthony Hopkins’ latest venture doesn’t involve the Big Screen, but delves into the world of NFTs with his new partnership with Orange Comet. 


Sir Anthony Hopkins Launches NFT Collection with Hollywood Studio Orange Comet!


<p>As AMC’s The Walking Dead, the insanely popular series begins its final season on Sunday, October 2, 2022,visionary studio Orange Comet, a world class NFT company, is preparing the crypto world for the continuation of the series and its multifaceted storylines in a P2E Metaverse called “T<em>he Walking Dead Lands Universe</em>.” </p>



<p>Orange Comet, <strong>starting on Wednesday, October 5th at 12:00 noon Pacific Time</strong>, will launch a mint for 5,000&nbsp; 3-Dimensional NFT Avatars of some of the main characters of The Walking Dead. These 5000 NFTs are the final piece to the P2E gamification of the upcoming metaverse. Will you be one of the&nbsp; lucky souls to obtain one of these amazing pieces and be on your way to setting up shop in the The Walking Dead Lands NFT universe?</p>



<h2>The Walking Dead NFT: Previous Drops</h2>



<p><a href="https://orangecomet.com/collection/the-walking-dead-opensea" target="_blank" rel="noreferrer noopener">The Walking Dead NFT Collection </a>by Orange Comet, is hosted on OpenSea on the Ethereum blockchain. <a href="https://orangecomet.com/collection/the-walking-dead/" target="_blank" rel="noreferrer noopener">The list of NFTs previously minted from Orange Comet’s&nbsp; The Walking Dead NFT</a> Collection include:</p>



<ul><li>The Walker Access Pass &#8211; a “front of the line” ticket to free airdrops, allow list access and exclusive mints.</li><li>Deeds of Virtual Land in The Walking Dead Lands Universe.&nbsp;</li><li>An Array of Unique Motorcycles modeled on elements from the Walking Dead Series&nbsp;</li><li>Degenerative Walkers &#8211; a special breed of walkers that the mysterious CRM group has experimented on. Stage one degenerates into a new Stage 2 Walker and that to Stage 3.&nbsp; At the end of the degeneration HODLERS will have 4 NFTs for the price of one. What are their powers?&nbsp; We know one thing: these Walkers will be helpful in the upcoming Metaverse.</li></ul>



<p>These mints are no longer available from Orange Comet. However, these highly-coveted NFTs can sometimes be found on the secondary market on OpenSea so it’s worth looking into if you’re dying for one.</p>



<h2>The Walking Dead Avatars</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="975" height="539" src="http://nfcms1/app/uploads/2022/10/the-walking-dead-NFT-avatar.jpg" alt="the walking dead NFT avatar" class="wp-image-67282" srcset="http://nfcms1:80/app/uploads/2022/10/the-walking-dead-NFT-avatar.jpg 975w, http://nfcms1:80/app/uploads/2022/10/the-walking-dead-NFT-avatar-300x166.jpg 300w, http://nfcms1:80/app/uploads/2022/10/the-walking-dead-NFT-avatar-768x425.jpg 768w" sizes="(max-width: 975px) 100vw, 975px" /><figcaption><em>The Walking Dead Lands &#8211; 3D Avatars</em></figcaption></figure></div>


<p>One of the main elements of this universe is <a href="https://orangecomet.com/collection/twd-lands-avatars/" target="_blank" rel="noreferrer noopener">the Walking Dead characters being represented as avatars</a> that will help guide you through the upcoming Metaverse! Essential&nbsp;to interaction with the elements of the virtual Walking Dead NFT world, these avatars have been handcrafted in 3D. This first wave of NFTs will represent the most emblematic characters of the series (Michonne and her pets, Mercer, Rick Grimes, Carol Peletier, Daryl Dixon&#8230;) and others are also planned. Imagine, playing in the TWD Lands Universe with Daryl Dixon as your guide? Or maybe tough as nails Carol Peletier to help you?&nbsp; Many things can be possible in the upcoming metaverse.</p>



<p>There will be 10,000 NFTs for this project, which will be minted in two categories: </p>



<ul><li>A 5000 pieces public mint</li><li>A 5000 pieces exclusive tiered mint reserved only for holders of the Walker Access Pass.</li></ul>



<p>Several levels of rarity will be available, but to be guaranteed access to a rare NFT, you must be present 24 hours before the allow list and the public list go live.&nbsp;</p>



<h2>Information About the Walking Dead Avatar Mint</h2>



<p>The Walking Dead Avatar mint will be divided into two parts. The first mint is reserved for existing Walker Access Pass holders and the second mint is open to the public. The price is set at $80 (adjusted in ETH at the time of sale) and the date will be October 5th 2022.</p>



<p>Depending on the number of Walker Access Passes held in the wallet, the time for mint will be different. Those wallets that hold 5 or more Walker Access Passes at the time of the snapshot will get <strong>24 hours</strong> to mint their Avatar NFTs. A pass will allow you to interact with an Avatar (so 5 passes, 5 avatars). These holders will also benefit from a discount of 0.02 ETH over the $80.00 public price.</p>



<p>For owners of 4 Walker Access or less, the mint opening window will be 6 hours and will also have a discount of 0.02 ETH for mint. Finally, during the last two hours of the allow list, Walker Access holders will be able to interact with as many NFTs as they wish.</p>



<p>Regarding the public sale, the reduction of 0.02 ETH will continue to apply for holders of the Access Pass but the mint will be open to all until the supply is exhausted.&nbsp;</p>



<p>For more information on this exciting drop visit: <a href="https://orangecomet.com/collection/twd-lands-avatars/" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://twitter.com/orangecometnft" target="_blank" rel="noreferrer noopener">Twitter</a> &#8211; <a href="https://discord.gg/orangecomet" target="_blank" rel="noreferrer noopener">Discord</a></p>



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The world was introduced to Walkers on Halloween night 11 years ago this year via AMC’s the Walking Dead.  Since February 2022, ‘Walkers’ have inhabited Web3, wreaking havoc and terrifying everyone in their quest for consumption and destruction. 

The Walking Dead NFT Universe Expands With New 3D Character Avatars


<p><a href="https://nonfungible.com/market-tracker/forgottenrunes" target="_blank" rel="noreferrer noopener">Forgotten Runes Wizard’s Cult</a> (FRWC) launched on June 30, 2021. Less than thirty minutes after launch all 10,000 pixel art Wizards sold out. Less than a year after launch FRWC has summoned attention from beyond its home realm of non-fungible tokens and expanded into traditional media. And at the time of publication FRWC ranks 41st among collectibles available on Ethereum according to our data. What is this phenomenon that has mobilized so many would-be wizards?</p>



<h2>Storytelling, Intellectual Property, and Traditional Media</h2>



<p>Some of the Wizard NFTs feature a pet in addition to the character. Some contain extra visual features like a scythe, and others manage to hold their own heads. All of them call back to 1980s video game art and roleplaying games. FRWC also looks to the future the community can create thanks to the project’s storytelling affordances. These features combine to form what Magic Machine, the project creators, call a ‘legendarium.’ What makes the legendarium different from other projects?&nbsp;</p>



<h3><strong>A Hybrid IP Model</strong></h3>



<p>Magic Machine offer the holder of a Wizard NFT all commercial rights to that NFT. This<a href="https://thedefiant.io/bored-apes-yacht-club-cryptopunks-copyright-fight/" target="_blank" rel="noreferrer noopener"> hybrid intellectual property model</a> allows community members to receive some of the profits from the forthcoming<a href="https://variety.com/2022/tv/news/john-wick-derek-kolstad-forgotten-runes-wizards-cult-series-1235257501/" target="_blank" rel="noreferrer noopener"> comic book, MMORPG, and television releases</a>. The IP model also occupies a middle ground between Creative Commons (CC0) projects where no-one holds any rights and projects where creators alone possess intellectual property rights.</p>



<h3><strong>Web3 Fanfiction: The Runiverse</strong></h3>



<p>From the perspective of community and storytelling, Wizard owners have more at stake because they can add value to their Wizards by creating a backstory that’s verifiably theirs, yet within the overall narrative originated by the folks at Magic Machine. Each backstory created is a collaboration with the creators. This dynamic ‘Runiverse’ differs from Web2 fan fiction because authors have greater access to recognition and compensation for their efforts: the blockchain stores an author’s contribution for all to see.</p>



<h2>What&#8217;s next for Forgotten Runes Wizards’ Cult?</h2>



<p>In addition to the project&#8217;s rapid expansion beyond NFTs, Magic Machine has activated Forgotten Runes Warriors in the runiverse. </p>



<ul><li>Comic Book: According to <a href="https://www.forgottenrunes.com/posts/roadmap">Forgotten Runes Wizards’ Cult roadmap 2.0</a>, the first comic book will be issued in July of 2022. It will cover the larger meta narrative of the project, explain the magic system, and introduce characters.</li><li>MMORPG: <a href="https://www.forgottenrunes.com/posts/forgotten-runiverse-press-release">Magic Machine has partnered with Bisonic Inc</a> for a create-to-earn MMO. The game will be completely on-chain while drawing upon the expertise of folks from Maximum Games. Players will be able to battle, socialize, mint items, and quest.</li><li>TV Show: <a href="https://www.forgottenrunes.com/posts/titmouse" target="_blank" rel="noreferrer noopener">Magic Machine has partnered with Titmouse</a>, creators of <em>Venture Brothers</em> and <em>Big Mouth</em>, for an anticipated hour-long show series. They’ve already chosen <em>John Wick</em> writer and creator Derek Kolstad to guide the series’ creation.</li></ul>



<p>We&#8217;re excited to see what the design studio and community add to the project. What future do you conjure for the runiverse? Feel free to tell us on Discord or Twitter!</p>



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<div class="wp-block-image portfolio-valuation-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/collectors" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png" alt="Do you know the value of your NFTs?" class="wp-image-66346" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>



<p></p>


Have you heard of a sorcerer cult using NFTs to tell their story? The Forgotten Runes Wizard's Cult project wants to create its own Runiverse, combining adventure and above all, proof of lore.

Forgotten Runes Wizard’s Cult: A Runiverse of Wizardry


<p>Club E11even is known for hosting some of the world’s best known artists like 50 Cent, Post Malone, Chainsmokers, Diplo, Tiesto, Doja Cat, Snoop Dog, Travis Scott and Ja Rule. Now they’re fusing together the fast-pace, exciting worlds of nightclubs and NFTs with their own collection “11 Captain’s Club” based on their iconic E11even Caps.</p>



<h2><strong>Behind the Scenes of E11even Crypto</strong></h2>



<p>Since April 2021 E11even has been a big player in the crypto space. They broke into the scene as the first club to accept $APE as a means of payment. Now they’ve partnered with <a href="https://horizenlabs.io/" target="_blank" rel="noreferrer noopener">Horizen Labs</a> to publish a collection of NFT hats in its usual striking, provocative style. Here’s a look into the core team for the project:</p>



<ul><li>Dennis Degori: CEO, Founding member, Owner, Creator</li><li>Michael Simkins: CEO, Founding member, Owner</li><li>Greg Norman Jr.: Founding member/ CEO &#8211; Europa Labs</li><li>John Massé: Founding member, Lead Creative Director</li><li>Rob Viglione: Co-Founder and CEO – <a href="https://horizenlabs.io/" target="_blank" rel="noreferrer noopener">Horizen Labs</a></li></ul>



<p>With these veterans of the entertainment industry and the advice of Horizen Labs, <a href="https://11captainsclub.io/" target="_blank" rel="noreferrer noopener">The 11 Captain&#8217;s Club</a> is offering an experience combining digital swag with a real world advantage incomparable to any NFT project that’s come before it.</p>



<h2><strong>The 11 Captain’s Club</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="420" src="http://nfcms1/app/uploads/2022/05/caps-club-e11even-1024x420.jpg" alt="" class="wp-image-22256" srcset="http://nfcms1:80/app/uploads/2022/05/caps-club-e11even-1024x420.jpg 1024w, http://nfcms1:80/app/uploads/2022/05/caps-club-e11even-300x123.jpg 300w, http://nfcms1:80/app/uploads/2022/05/caps-club-e11even-768x315.jpg 768w, http://nfcms1:80/app/uploads/2022/05/caps-club-e11even-1536x629.jpg 1536w, http://nfcms1:80/app/uploads/2022/05/caps-club-e11even.jpg 1889w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>They chose caps because of the simple fact: celebrities around the world wear them. All of them are unique and represent the one who wears it.&nbsp;</p>



<p>There are 1,111 CAP NFTs in the collection, all of which are randomly generated during the mint from over 110 different traits in 8 categories. Some of the more exciting traits you’ll see are the actual hat material, accessories, logos, shades, and of course nightclub effects in the background.</p>



<p>We know, it&#8217;s 2022, and profile pic NFTs are dead, so let&#8217;s get into the most important part &#8211; the utility of owning one of only 1,111 caps.&nbsp;</p>



<ul><li>Mint pass: First access to all future E11even NFT projects</li><li>IRL Pass: Priority access to exclusive E11ven Club events such as The Miami Ultraclub, Hotel and residences, Rooftop restaurant Giselle, Pops around the world.</li><li>Captains-only events: Exclusive invitation to events for Captain’s Club holders.</li><li>Community : Token-gated access to private channel in the E11even Club Discord</li><li>Merch: Limited edition product releases and gifts</li></ul>



<p>To buy the NFT and be part of the club, you do have to be at least 21 years old.</p>



<h2><strong>E11even Crypto Mint information</strong></h2>



<p>The mint will be opened for the Allow list on May 24, 2022 directly on<a href="https://11captainsclub.io/" target="_blank" rel="noreferrer noopener"> the website of 11 Captain&#8217;s Club</a>. The collection will be open to the public at 11:00AM ET on May 25, 2022. The cost of the mint is 3 ETH. Your NFT’s specific features will be revealed soon after.</p>



<p>This allow list was created to both prevent a gas war, but as places are very limited, we recommend that you don’t wait to register if you are interested in the project.</p>



<p>For more information on the other uses of this NFT, do not hesitate to join the <a href="https://discord.gg/11captains" target="_blank" rel="noreferrer noopener">Discord of the E11even Captain’s club</a>.</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.    </p>



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Miami’s already a crypto-friendly city, but now their best-known UltraClub is dialing up the heat. E11even is just days away from launching their first NFT collection, focused on giving exclusive utility to its holders.

Ultra Club & NFTs: Is E11even Miami the King of Non-Fungible Nightlife?


<h2><strong>Presentation of the Meta Moose Club</strong></h2>



<p>The idea behind <a href="https://landing.metamooseclub.com/" target="_blank" rel="noreferrer noopener">The Meta Moose Club</a> was born in December 2021 with the ambition to create a universe around hunting. The Meta Moose Club is a collection of 10,000 Moose NFT’s with 150+ hand-drawn traits on the Ethereum blockchain. Each and every moose is uniquely, programmatically generated.&nbsp;</p>



<p>The team behind the project is composed of 5 members :</p>



<ul><li>Jair: Co-Founder, Creator of MMC</li><li>Jocelyn: Co-Founder, Project Manager&nbsp;</li><li>Rosa: Marketing &amp; Community Manager</li><li>Justin: Artist</li><li>Andrey: Content Creator&nbsp;</li></ul>



<p>The presale will open its doors during the month of April and promises many advantages to holders.</p>



<h2><strong>The Meta Moose Club roadmap</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="400" height="400" src="http://nfcms1/app/uploads/2022/04/meta-moose-club-moutain.jpg" alt="meta moose club mountain" class="wp-image-20150" srcset="http://nfcms1:80/app/uploads/2022/04/meta-moose-club-moutain.jpg 400w, http://nfcms1:80/app/uploads/2022/04/meta-moose-club-moutain-300x300.jpg 300w, http://nfcms1:80/app/uploads/2022/04/meta-moose-club-moutain-150x150.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></figure></div>



<p>The project will be divided into several phases, each of which will be an important step in the project. The first will take place in April and will be the pre-sale of the 10,000 Meta Moose Club (MMC) NFTs.</p>



<p>Owning one of these NFTs will allow entry into the next Play to Earn game the Meta Moose Club team is working on. Owning two will allow you to be on the whitelist for the 3D version of your Meta Moose.</p>



<p>Then, the second phase will be the introduction of Meta Moose 3D. During this phase, the 2000 Meta Moose 3D will be presented to the community.</p>



<p>The third phase will consist of the launch of Metamoose 3D. The final date will be announced later in their <a href="https://discord.com/invite/7sNeYYY4Zy" target="_blank" rel="noreferrer noopener">Discord</a> or Telegram. The 4th phase will follow, which will allow you to buy exclusive Merch from the project.</p>



<p>Phase 5 will be important for the project because it will be the publication of the whitepaper of the game as well as the sale of Land! NFT holders will of course be privileged to be able to participate in this presale before it is opened to the public.&nbsp;</p>



<p>After an introduction to Celestial, the project token, the long-awaited moment of the project is announced for Q3 2023: the official launch of the Meta Moose Lodge Hunting Game beta.</p>



<h2><strong>The Meta Moose Lodge Hunting Game</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="690" height="692" src="http://nfcms1/app/uploads/2022/04/meta-moose-club-meta-moose.jpg" alt="meta moose club meta moose" class="wp-image-20148" srcset="http://nfcms1:80/app/uploads/2022/04/meta-moose-club-meta-moose.jpg 690w, http://nfcms1:80/app/uploads/2022/04/meta-moose-club-meta-moose-300x300.jpg 300w, http://nfcms1:80/app/uploads/2022/04/meta-moose-club-meta-moose-150x150.jpg 150w" sizes="(max-width: 690px) 100vw, 690px" /></figure></div>



<p>There is little information about this game scheduled for the third quarter of 2023. But it promises to be innovative! The Meta Moose Lodge would be the first of its kind: a decentralized blockchain based hunting platform where players are able to hunt, breed, buy, sell land, and build.</p>



<p>This launch phase will also be a test phase where players can report any bugs they see and improve the end game experience. Hunt for exotic animals, shoot the right one and you can win real prizes like trophies, rare NFTs, tokens and more!&nbsp;</p>



<p>Of course, it will be possible to breed its Meta Moose in order to obtain others. But that&#8217;s not all! You will be able to organize safaris on your Lands! It is therefore a real ecosystem that awaits these 3.0 hunters.</p>



<p>In order to fully contribute to the preservation of our wildlife, Meta Moose Club has made it a primary goal to donate to multiple wildlife charities which will all be community chosen!&nbsp;</p>



<p>If you have more questions, do not hesitate to join their different networks:</p>



<p><a href="https://twitter.com/Meta_Moose_Club" target="_blank" rel="noreferrer noopener">Twitter</a> &#8211; <a href="https://discord.com/invite/7sNeYYY4Zy" target="_blank" rel="noreferrer noopener">Discord</a> &#8211; <a href="https://www.youtube.com/channel/UCiPDQyOqIYC5uDM7mJdds2w" target="_blank" rel="noreferrer noopener">Youtube </a>&#8211; <a href="https://landing.metamooseclub.com/" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://www.instagram.com/accounts/login/?next=/metamooseclubnft/" target="_blank" rel="noreferrer noopener">Instagram</a></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>



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<div class="wp-block-image portfolio-valuation-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/collectors" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png" alt="Do you know the value of your NFTs?" class="wp-image-66346" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


The MetaMoose Club is preparing a new kind of play-to-earn game: a hunter game! Be part of the presale which will happen this month.

Join the Meta Moose Club in a Play-to-Earn Game!


<p><a href="https://nonfungible.com/news/corporate/nfc-2022-building-nft-europe-with-passion" target="_blank" rel="noreferrer noopener">We were co-organizers</a> of the event last year and it was an opportunity for us to meet the different European actors who are building the web of tomorrow. Artists, developers, investors, passionate or curious… Every discussion was rich and authentic.</p>



<p>&#8220;More&#8221; will be the focus of the second edition of the Non Fungible Conference to be held at the Pavilhão Carlos Lopes in Lisbon on 7 and 8 June 2023. Do you want more? Save the date on June 9, to join a 10 hour marathon Beach Party, powered by <a href="https://www.sandbox.game/en/" target="_blank" rel="noreferrer noopener">The Sandbox</a> and <a href="https://partydegens.io/" target="_blank" rel="noreferrer noopener">Party Degens</a>.</p>



<p>Here is what this second edition has for you, which promises to change the codes of conferences.</p>



<h2>Digital artists in the spotlight</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="768" src="http://nfcms1/app/uploads/2023/03/non-fungible-conference-art-exhibition-2022-1024x768.jpg" alt="non fungible conference art exhibition 2022" class="wp-image-288376" srcset="http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-art-exhibition-2022-1024x768.jpg 1024w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-art-exhibition-2022-300x225.jpg 300w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-art-exhibition-2022-768x576.jpg 768w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-art-exhibition-2022-1536x1152.jpg 1536w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-art-exhibition-2022.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


<p>Last year, the Non Fungible Conference was a forerunner regarding the place of digital art in an NFT event. Entire rooms and floors had been set aside to exhibit digital artworks.</p>



<p>For this coming event, more rooms have been reserved for art exhibition and the NFT ticket is called the <a href="https://avantgarde.nonfungibleconference.com/p/nfc-presents-the-artists-behind-the" target="_blank" rel="noreferrer noopener">NFC23 token</a>, a 3D artwork created by two legendary artist: <a href="https://twitter.com/Coldie" target="_blank" rel="noreferrer noopener">Coldie</a> and <a href="https://twitter.com/carlosmarcialt" target="_blank" rel="noreferrer noopener">Carlos Marcial</a>, part of co-Editors Cult of Crypto Art.</p>



<p>In the first edition, the curators were the organizers. This time, the holders of the first edition of the NFC who were able to propose and vote for the artists exhibited at the event.&nbsp;</p>



<h2>An innovative new panel format</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="683" src="http://nfcms1/app/uploads/2023/03/non-fungible-conference-panel-2022-1024x683.jpg" alt="non fungible conference panel 2022" class="wp-image-288380" srcset="http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-panel-2022-1024x683.jpg 1024w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-panel-2022-300x200.jpg 300w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-panel-2022-768x512.jpg 768w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-panel-2022-1536x1024.jpg 1536w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-panel-2022-2048x1366.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


<p>NFC breaks the rules by banning panels from their festival-style schedule.&nbsp;The radical switch to say <a href="https://avantgarde.nonfungibleconference.com/p/bye-bye-panels" target="_blank" rel="noreferrer noopener">bye-bye to the boredom of panels</a> will celebrate guests through new formats such as community talks, art battles, debates, talent fair, podcast, music performances and masterclasses.</p>



<p>The event introduces the <a href="https://avantgarde.nonfungibleconference.com/p/nfc-introduces-blind-talks-what-you" target="_blank" rel="noreferrer noopener">Blind Talks</a>, an invitation for undoxxed artists and collectors to speak on stage, for the first time ever for some of them.</p>



<p><br>Expect exclusive content through a short movie, massive projections in a 600 sqm room enhanced by music, voices and lights. followed by a Q&amp;A by these artists themselves. They will be hidden and physically present at the same time.<br></p>



<p>Among the anonymous actors, <strong>Muratpak, Cozomo de Medici, Mr Misang, Hackatao, Pascal Boyart, Basileus and WhaleShark</strong> already confirmed their presence to this panel format.</p>



<h2>PrestigiousWeb3 partners who share NFC values</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="683" src="http://nfcms1/app/uploads/2023/03/non-fungible-conference-booth-2022-1024x683.jpg" alt="non fungible conference booth 2022" class="wp-image-288384" srcset="http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-booth-2022-1024x683.jpg 1024w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-booth-2022-300x200.jpg 300w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-booth-2022-768x512.jpg 768w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-booth-2022-1536x1024.jpg 1536w, http://nfcms1:80/app/uploads/2023/03/non-fungible-conference-booth-2022-2048x1366.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>Innovative experiences, artists honored, a desire to break the codes, in an atmosphere of sharing good vibes at the Pavilhão Carlos Lopes in the middle of summer, the Non Fungible Conference understood the values carried by the NFT ecosystem.&nbsp;</p>



<p>In order to show their support and trust for this new edition, the partners of the event are prestigious actors of the Web3:&nbsp;</p>



<ul><li>Ledger</li><li>Cult of Crypto Art</li><li>The Sandbox</li><li>BNV</li><li>Arianee</li><li>Exclusible</li><li>OVER</li></ul>



<p>NFC have also teamed up with the stunning collections Invisible Friends, Rektguy, Chimpers, RugRadio, World of Women and invited rock stars artists and speakers such as Yuyu, Trevor Jones, Coldie, Alien Queen, Farokh, Dave Krugman, Shavonne Wong, Osf Rekt, Innamodja, Casimiro et Yuga Labs.</p>



<div class="wp-container-23 is-content-justification-center wp-block-buttons">
<div class="wp-block-button"><a class="wp-block-button__link" href="https://www.nonfungibleconference.com/line-up" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Check the full line up</a></div>
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<h2>How to attend the Non Fungible Conference 2023?</h2>



<p>The first thing to do is get your ticket! In a community approach, for genesis ticket holders, <strong>the entrance to NFC23 is free</strong>. It was possible to claim your free ticket until December 31, 2022.</p>



<p>Currently, a discount of 95% is active for holders of partner collections and for a limited time. And of course, we have 20 for you as well! If you’re using the code <strong>NONFUNGIBLE30 </strong>or using this link to buy your tickets, you’ll get the 95% discount.</p>



<div class="wp-container-24 is-content-justification-center wp-block-buttons">
<div class="wp-block-button is-style-fill"><a class="wp-block-button__link" href="http://bit.ly/NFCprivate" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Buy your NFC Ticket with a discount</a></div>
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<p>Do not hesitate to consult their<a href="https://ticket.nonfungibleconference.com/" target="_blank" rel="noreferrer noopener"> dedicated page</a>, but watch out &#8211; early birds tickets don&#8217;t last forever. Also, <a href="https://www.nonfungibleconference.com/attendees" target="_blank" rel="noreferrer noopener">Hotel partners</a> have already been announced, so you can plan your summer ahead with private discounts in the city of Lisbon.<br></p>



<p><a href="https://twitter.com/NFCsummit" target="_blank" rel="noreferrer noopener">Twitter</a> – <a href="https://www.nonfungibleconference.com/" target="_blank" rel="noreferrer noopener">Website</a> – <a href="https://discord.gg/8ASvFMdr9e" target="_blank" rel="noreferrer noopener">Discord</a> – <a href="https://www.linkedin.com/company/nfcsummit/" target="_blank" rel="noreferrer noopener">LinkedIn</a> &#8211; <a href="https://www.instagram.com/nonfungibleconference/" target="_blank" rel="noreferrer noopener">Instagram</a></p>


Non Fungible Conference, the leading experimental web3 event in Europe, is back to Lisbon for a second edition with a radical lineup and a lot of surprises.

The Non Fungible Conference is back. Expect the unexpected


<h2>Why Build Our HQ in a Metaverse?</h2>



<p>We&#8217;ve been dreaming about this building for a while! We started thinking about the idea of a place to welcome the public a few years ago but let&#8217;s be honest, the bull run slightly disrupted our plans. However, our ambitions and objectives have not changed:</p>



<ul><li>Have a place to find free information about NFTs</li><li>Be able to organize meetups to present our reports and answer questions directly</li><li>Organize AMAs</li><li>Exhibit different artistic works</li><li>Discussing the future of Web3</li></ul>



<p>Why Decentraland? Historically, this was the first project we were able to follow on our <a href="https://nonfungible.com/market-tracker" target="_blank" rel="noreferrer noopener">Market Tracker</a>. Then, it is in our eyes the virtual world that symbolizes the laboratory of experiments that is the NFT ecosystem. It therefore corresponds to our identity to want to continue to build tools that are always as close as possible to our community, in a community approach.</p>



<p>That’s why we asked <a href="https://www.lowpolymodelsworld.com/" target="_blank" rel="noreferrer noopener">Low Poly Models</a> for their help to build the best building we could have ever imagined of. And additionally, our friends from <a href="https://dappcraft.io/" target="_blank" rel="noreferrer noopener">DAPPCRAFT</a> created some nice <a href="https://events.decentraland.org/event/?id=9b802ea1-bee9-4d06-831c-aab5735b3c0b" target="_blank" rel="noreferrer noopener">emotes and wearables we’re going to give away</a> during this weekend!</p>



<h2>Visit the NonFungible.com HeadQuarters</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="494" src="http://nfcms1/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-1024x494.jpg" alt="NonFungible Decentraland HQ Art Metaverse" class="wp-image-287736" srcset="http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-1024x494.jpg 1024w, http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-300x145.jpg 300w, http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-768x371.jpg 768w, http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse.jpg 1467w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><a href="https://play.decentraland.org/?NETWORK=mainnet&amp;position=-130%2C-64&amp;realm=baldr&amp;island=In792" target="_blank" rel="noreferrer noopener">NonFungible.com Decentraland HQ</a> &#8211; Metaverse and Art Floor</figcaption></figure></div>


<p>The <a href="https://play.decentraland.org/?NETWORK=mainnet&amp;position=-130%2C-64&amp;realm=baldr&amp;island=In792" target="_blank" rel="noreferrer noopener">NonFungible.com Decentraland headquarters</a> is divided into 5 floors, each with its specialty. Three floors, a ground floor and also, a basement! When you arrive at the entrance, you will be able to find the main information to contact us but also a display area for our sponsors.</p>



<h3>Sponsor and Data Floors</h3>



<p>The first three floors of our HQ are dedicated to the NFT market data and information display. The purpose of these floors is to provide a live integration of the data we offer on site. While the first floor will be reserved for potential sponsors, the next two floors will be dedicated to data display.</p>



<h3>Roof Top</h3>



<p>The rooftop can host conferences, WADA sessions or presentations of the various reports. The goal being to be as inclusive as possible, it will also be a question of hosting Q/A sessions or allowing artists or different projects to come and present their work.</p>



<h3>Basement</h3>



<p>The basement also has some surprises in store! We have created an entire space dedicated to education and information in the Web3 ecosystem. Regularly, we will update the articles that can be accessed and why not, maybe one day we will hold courses to know how to set up your community or share some tips for launching your projects?</p>



<h2>A Space to Inform And Share Knowledge Together</h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="550" src="http://nfcms1/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-1024x550.jpg" alt="NonFungible Decentraland HQ basement" class="wp-image-287732" srcset="http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-1024x550.jpg 1024w, http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-300x161.jpg 300w, http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-768x412.jpg 768w, http://nfcms1:80/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement.jpg 1307w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><a href="https://play.decentraland.org/?NETWORK=mainnet&amp;position=-130%2C-64&amp;realm=baldr&amp;island=In792" target="_blank" rel="noreferrer noopener">NonFungible.com Decentraland HQ</a> &#8211; Basement</figcaption></figure></div>


<p>This space will be our meeting place and meetings with the NFT community. We want it to be open to as many people as possible in order to create a space for exchange and connections.</p>



<p>While 2021 was surprising and incredible, we don&#8217;t forget that we&#8217;re still building the foundation for tomorrow&#8217;s web. What is called the &#8220;web3&#8221; is not yet precisely defined and it may take a few more years. That&#8217;s why we want to continue to encourage NFT experimentation labs like <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland</a> and the initiatives that came out of it like <a href="https://dappcraft.io/" target="_blank" rel="noreferrer noopener">DAPPCRAFT Agency</a> or <a href="https://www.lowpolymodelsworld.com/" target="_blank" rel="noreferrer noopener">Low Poly Model</a>.</p>



<p>To celebrate this event, we’re going to distribute some emotes and wearables for free ! Feel free to join us at the event&nbsp;</p>



<div class="wp-container-22 is-content-justification-center wp-block-buttons">
<div class="wp-block-button"><a class="wp-block-button__link" href="https://events.decentraland.org/event/?id=9b802ea1-bee9-4d06-831c-aab5735b3c0b" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Join Us For Our First Event In Decentraland!</a></div>
</div>



<p>We hope to see many of you there!</p>


We've wanted it for over a year, now it's a dream come true: we have our building in Decentraland! Come and take a tour of the owner.

The NonFungible.com HQ in Decentraland is now open!


<p>We’ve seen weak signals indicating a promising and stable direction for the NFT industry amidst the Bear Market after a massive drop in USD traded volume of 25% over the last quarter, this indicator fell again by 77% compared to Q2 2022. Was it merely a passing fad in the end? Or is the ecosystem continuing to silently preserve and build? Discover the answers in our report..</p>



<h2><strong>Quarterly NFT Market Report Q3 2022 – Summary</strong></h2>



<p>With 51 pages dedicated to the analysis of the NFT market for the third quarter of 2022, here is the summary of the different chapters:</p>



<p><strong>1 – The Fundamentals</strong></p>



<ul><li>What is an NFT?</li><li>The data used for this report.</li><li>Legal disclaimer.</li></ul>



<p><strong>2 – A Look Back at Q3</strong></p>



<p><strong>3 – Overall Performance</strong></p>



<ul><li>Q3 2022 Performance.</li></ul>



<p><strong>4 – Detailed Performance</strong></p>



<ul><li>Search volume.</li><li>Performance by segment.</li><li>Market distribution by project.</li><li>Primary and Secondary Market.</li><li>Average NFT Price Evolution.</li><li>Active Wallets.</li><li>Supply &amp; Liquidity.</li></ul>



<p><strong>6 – Profits &amp; Losses on the Market</strong></p>



<ul><li>Global performance of NFT Trading.</li><li>Profit &amp; Loss per segment over time.</li><li>Most profitable projects.</li><li>More profitables sales.</li></ul>



<p><strong>7 – Focus by Segment</strong></p>



<ul><li>Crypto Art.</li><li>Collectibles.</li><li>Gaming.</li><li>Metaverses.</li><li>Utilities.</li><li>The Situation by Segment.</li></ul>



<p><strong>8 – General Conclusions</strong></p>



<div class="wp-container-16 is-content-justification-center wp-block-buttons">
<div class="wp-block-button is-style-fill"><a class="wp-block-button__link" href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Download Your NFT Market Q3 2022 Report</a></div>
</div>



<h2>Q3 2022 NFT Market Performance: Building the Web3 Industry Despite Low Volumes.&nbsp;</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="714" height="859" src="http://nfcms1/app/uploads/2022/10/NFT-market-report-q3-2022-Market-Report-global-statistics.jpg" alt="NFT market report q3 2022 Market Report global statistics" class="wp-image-72227" srcset="http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022-Market-Report-global-statistics.jpg 714w, http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022-Market-Report-global-statistics-249x300.jpg 249w" sizes="(max-width: 714px) 100vw, 714px" /><figcaption><a href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener"><em>NFT Quarterly Market Report Q3 2022 &#8211; Global Performance</em></a><em><a href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener"> &#8211; NonFungible.com</a></em></figcaption></figure></div>


<p>The most notable indicator of global NFT statistics is that of the USD traded volume. Compared to the second quarter, it fell 77% to US$1.6 billion traded on the market from US$7.3 billion in Q2 2022.</p>



<p>It is interesting, however, that other equally important indicators have not fallen as much. For example, the number of sales fell very little (-5%) as well as that of active wallets (-17%). With respectively a volume of US$10.9 million in sales and US$1.1 million in wallets, activity is still significant during this quarter.</p>



<p>Another important element: the number of smart contracts also continued to increase by 9% to more than 17K showing that initiatives continue to be launched by project creators.</p>



<h2>The NFT Market is Reshaping and Becoming Less Centralized</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="891" height="634" src="http://nfcms1/app/uploads/2022/10/NFT-market-report-q3-2022Market-share-per-project.jpg" alt="NFT market report q3 2022Market share per project" class="wp-image-72223" srcset="http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022Market-share-per-project.jpg 891w, http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022Market-share-per-project-300x213.jpg 300w, http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022Market-share-per-project-768x546.jpg 768w" sizes="(max-width: 891px) 100vw, 891px" /><figcaption><a href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener"><em>NFT Quarterly Market Report Q3 2022 &#8211; Share Market per Project &#8211; NonFungible.com</em></a></figcaption></figure></div>


<p>During this third quarter, one of the biggest changes was the reconstitution of the market. For example, Yuga Labs&#8217; collections (<a href="https://nonfungible.com/market-tracker/boredapeclub" target="_blank" rel="noreferrer noopener">Bored Apes Yacht Club</a>, <a href="https://nonfungible.com/market-tracker/cryptopunks" target="_blank" rel="noreferrer noopener">CryptoPunks</a>, <a href="https://nonfungible.com/market-tracker/otherside" target="_blank" rel="noreferrer noopener">Otherside</a> and <a href="https://nonfungible.com/market-tracker/meebits" target="_blank" rel="noreferrer noopener">Meebits</a>) accounted for just over 30% in Q2. For this Q3, they represented 17% of the USD volume traded.</p>



<p>Despite a bearish market, we observe a change in the actors entering the NFT industry with well-established brands (Tiffany, Starbucks, Microsoft, MTV, the city of Shanghai, Ticketmaster) from all horizons launching NFT initiatives, confirming that the NFT market is quietly and slowly reaching a mainstream audience.</p>



<p>The market has therefore reshaped itself by leaving more room for other Collectibles type projects such as <a href="https://nonfungible.com/market-tracker/doodles" target="_blank" rel="noreferrer noopener">Doodles</a>, <a href="https://nonfungible.com/market-tracker/moonbirds" target="_blank" rel="noreferrer noopener">Moonbirds</a> or <a href="https://nonfungible.com/market-tracker/nouns" target="_blank" rel="noreferrer noopener">Nouns</a> but also the art and utility segments have made a breakthrough in the top 5 projects that generated the most USD traded volume. On one hand, <a href="https://nonfungible.com/market-tracker/artblocks" target="_blank" rel="noreferrer noopener">Art Blocks</a> has again aroused interest but on the other hand, a strong euphoria has also manifested itself around <a href="https://nonfungible.com/market-tracker/ethereumnameservice" target="_blank" rel="noreferrer noopener">Ethereum Name Service</a>.</p>



<p>Several categories began to form, mainly with ENS names consisting of 3 to 4 digits.</p>



<h2>NFT Collectibles Are Still Dominant, Art and Utilities Are Getting Stronger&nbsp;</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="742" height="400" src="http://nfcms1/app/uploads/2022/10/NFT-market-report-q3-2022-USD-volume-traded-by-segment.jpg" alt="NFT market report q3 2022 USD volume traded by segment" class="wp-image-72219" srcset="http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022-USD-volume-traded-by-segment.jpg 742w, http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022-USD-volume-traded-by-segment-300x162.jpg 300w" sizes="(max-width: 742px) 100vw, 742px" /><figcaption><a href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener"><em>NFT Quarterly Market Report &#8211; Q3 2022 &#8211; USD Volume Traded by Segment &#8211; NonFungible.com</em></a></figcaption></figure></div>


<p>With over US$537 million in trading volume for the third quarter of 2022, the collectible segment represents 60% of the market share. With a 52% drop in active wallets, this means wallets that have collected Collectible NFTs have preferred to keep their NFT rather than sell it at a loss.</p>



<p>Meanwhile, the Art (14%) and Utilities (13%) segments experienced the most volume during this quarter. Only the Utility segment is standing out and showing a promising future with a volume of assets increasing (+44%) and liquidity accelerating (+5%)</p>



<div class="wp-container-17 is-content-justification-center wp-block-buttons">
<div class="wp-block-button is-style-fill"><a class="wp-block-button__link" href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Download Your NFT Market Q3 2022 Report</a></div>
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<h2>NFT Community Remains Active and Favors Healthier Trading Behaviors&nbsp;</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="704" height="398" src="http://nfcms1/app/uploads/2022/10/NFT-market-report-q3-2022-active-wallet-by-segment.jpg" alt="NFT market report q3 2022 active wallet by segment" class="wp-image-72215" srcset="http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022-active-wallet-by-segment.jpg 704w, http://nfcms1:80/app/uploads/2022/10/NFT-market-report-q3-2022-active-wallet-by-segment-300x170.jpg 300w" sizes="(max-width: 704px) 100vw, 704px" /><figcaption><a href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener"><em>NFT Quarterly Market Report Q3 2022 &#8211; Active Wallets by Segment &#8211; NonFungible.com</em></a></figcaption></figure></div>


<p><em>Active Wallets: Number of wallets that bought or sold at least one NFT during the period. The number of active wallets allows you to have an estimate of the activity that took place on-chain (buying, selling, interacting with a smart contract) but it is important to keep in mind that a user can have several wallets. To find out the number of off-chain users, we recommend you ask project creators to share their statistics.</em></p>



<p>Looking at active wallets, the distribution of on-chain activity is much more diverse than the USD traded volume. The segment with the least active wallets is the Metaverse with a bit more than 17K wallets (-74% compared to Q2). That said, it is also the segment that has seen its average ownership increase by 375%.</p>



<p>This trend is not only related to the metaverse segment, we also find it in art, collectibles, gaming and utilities. NFT collectors are fewer in number but keep their assets longer. Perhaps a longer investment perspective?</p>



<h2>‘This New Generation of NFTs Will Either Be Useful or Won’t Be..’</h2>



<p>This quote from our co-founder Gauthier Zuppinger concludes the state of the NFT market for this third quarter of 2022. Indeed, the main expectation of buyers today is to find a real utility before investing. Collections with no real potential created last year are no longer traded and investments in new collections are more cautious.</p>



<p>The NFT community is therefore larger but has also become more demanding. To understand more precisely the NFT market of this Q3 2022, we invite you to download your version of the report and follow us on our different networks.</p>



<p>We would also like to warmly thank our sponsors who supported us in writing this report:</p>



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<figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/reports/2022/en/q3-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/10/upsell_banner_q32022-1024x1024.png" alt="60 pages of exclusive NFT market research. 100% free. Get your NFT Quarterly Report" class="wp-image-69235" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-300x300.png 300w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-150x150.png 150w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-768x768.png 768w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/10/upsell_banner_q32022.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>

The NFT Market is stabilizing on solid and engaged communities with a healthier trading behavior. Yes, Bear Markets are hard, but everyday the NFT space continues to build the future of the web. Here’s a summary of what happened in NFT Markets during Q3 2022.

NFT Market Report Q3 2022: Build Market is Here.


<p>We featured <a href="https://nonfungible.com/news/corporate/nft-in-europe-a-motion-design-and-nft-exhibition" target="_blank" rel="noreferrer noopener">NFT in and Motion Plus Design in an article on Friday</a> and we went there on Saturday to see what an event where art occupied the main square looked like.&nbsp;</p>



<h2>NFT, Art and Artists Stories..</h2>



<p>The program was clear: the day was going to be about art!&nbsp; More specifically, the history of the artists attending the event and how they discovered and utilized NFTs in their creative practice. This event was something rare enough to be highlighted and to be honest, the change felt good!</p>



<p>At the entrance, there were no swag bags, no sponsor booths, the atmosphere was sober and cozy. In the main hall, works by the artist-speakers were displayed on screens. A professional photographer was waiting for those who wanted a souvenir photo in the colors of the event.</p>



<p>We were quickly invited to take a seat as the <a href="https://nft-in.com/" target="_blank" rel="noreferrer noopener">NFT in conference</a> began. It was 10am and the opening was made by Kook Ewo, CEO of <a href="https://motion-plus-design.com/home" target="_blank" rel="noreferrer noopener">Motion Plus Design</a> with a presentation of past events and above all, an announcement about an art center in Paris centered around Motion Design.</p>



<p>Next it was the turn of the artists presented by Colborn Bell, Founder of the <a href="https://app.museumofcryptoart.com/" target="_blank" rel="noreferrer noopener">Museum Of Crypto Art</a>. Each artist had 15 minutes to share their story and their journey, the stories were as captivating as they were exciting and here are some of them:</p>



<h2>Sofia Crespo: Natural History, AI and NFTs</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="683" src="http://nfcms1/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-1024x683.jpg" alt="NFT In Europe Sofia Crespo" class="wp-image-67038" srcset="http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-1024x683.jpg 1024w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-300x200.jpg 300w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-768x512.jpg 768w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-1536x1024.jpg 1536w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Sofia Crespo at NFT in Europe</em></figcaption></figure></div>



<p>As a child, <a href="https://twitter.com/soficrespo91">Sof</a><a href="https://twitter.com/soficrespo91" target="_blank" rel="noreferrer noopener">ia Crespo</a> was offered a microscope. This allowed her to become aware of a whole universe that existed beyond the perception of our eyes. While pursuing her studies, Sofia mixes plants or insects with generative art techniques&#8230; and <a href="https://unitlondon.com/exhibitions/in-our-code-group-exhibition/" target="_blank" rel="noreferrer noopener">she hears about NFTs during 2020</a>.</p>



<h2>Obvious: Art Collective Using Artificial Intelligence</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="683" src="http://nfcms1/app/uploads/2022/09/nft-in-europe-obvious-collective-1024x683.jpg" alt="nft in europe obvious collective" class="wp-image-67030" srcset="http://nfcms1:80/app/uploads/2022/09/nft-in-europe-obvious-collective-1024x683.jpg 1024w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-obvious-collective-300x200.jpg 300w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-obvious-collective-768x512.jpg 768w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-obvious-collective-1536x1024.jpg 1536w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-obvious-collective.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Obvious at NFT in Europe</em></figcaption></figure></div>



<p>With their <a href="https://nonfungible.com/market-tracker/superrare/SUPR/133" target="_blank" rel="noreferrer noopener">first NFT sold in July 2018</a>, we can qualify the <a href="https://twitter.com/obv_ious" target="_blank" rel="noreferrer noopener">Obvious</a> collective as OG in the NFT ecosystem. Working with artificial intelligence, Obvious presented us with some of their work created from hundreds of hours of research to find the perfect combination.</p>



<h2>Braw Haus: Elevating Digital Artist</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2022/09/nft-in-europe-braw-haus-1024x576.jpg" alt="nft in europe braw haus" class="wp-image-67022" srcset="http://nfcms1:80/app/uploads/2022/09/nft-in-europe-braw-haus-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-braw-haus-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-braw-haus-768x432.jpg 768w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-braw-haus-1536x864.jpg 1536w, http://nfcms1:80/app/uploads/2022/09/nft-in-europe-braw-haus.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Patricia Gloom from Braw Haus presenting a video projection on an UNESCO World Heritage monument </em></figcaption></figure></div>



<p>Another talk that stood out to us was that of Patricia Gloum, co-founder with Justin Vilgrain of<a href="https://twitter.com/BrawHaus" target="_blank" rel="noreferrer noopener"> Braw Haus</a>. Created in 2018, Braw Haus aims to highlight digital artists in the real and virtual world. During her performance, she showed us the video projection on an UNESCO World Heritage monument in Iraq.</p>



<h2>Emi Kusano: NFT Japan Culture</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2022/09/NFT-In-Europe-emi-kusano-1024x576.jpg" alt="NFT In Europe emi kusano" class="wp-image-67014" srcset="http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-emi-kusano-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-emi-kusano-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-emi-kusano-768x432.jpg 768w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-emi-kusano-1536x864.jpg 1536w, http://nfcms1:80/app/uploads/2022/09/NFT-In-Europe-emi-kusano.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Emi Kusano at NFT in Europe</em></figcaption></figure></div>



<p>Here again, an atypical and exciting artistic journey. After a short stint in fashion, <a href="https://twitter.com/emikusano" target="_blank" rel="noreferrer noopener">Emi Kusano</a> devoted himself to music with his band Satellite Young. But the lockdowns forced her to stop and she became interested in NFTs. Her first drop on Foundation sold quickly but the adventure did not stop there: she then went on to mint the drawings of her child to create the <a href="https://twitter.com/ZombieZooArt" target="_blank" rel="noreferrer noopener">Zombie Zoo</a> collection. This was an unexpected success, today the Toei Animation will make an anime (japanese animation).</p>



<h2>The NFT Art Space is Alive and Well</h2>



<p>What we take away from this intimate conference is very positive for the future of artists who use NFTs as a medium. NFTs changed the lives of these digital artists and today they travel the world to share their experiences.</p>



<p>Having a focus only on the artists, their work and their journey, while having time to talk with them at breaks really felt good. Even if currently the market indicators are not very cheerful, the motivation and passion that emerges from this event makes us very optimistic for the future!</p>



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We were in Paris this Saturday, September 17th to attend NFT in, a conference about art and NFT artists coming from all over the world.

NFT in Europe: Focus on Art, Culture and NFT


<p>Everyone in the NFT ecosystem knows about <a href="https://www.nft.nyc/" target="_blank" rel="noreferrer noopener">NFT.NYC</a>. During major crypto conferences like the ETHCC, NFTs have gathered more and more attention over recent years.&nbsp;</p>



<p>After NFT.NYC and the <a href="https://nonfungible.com/news/corporate/nfc-2022-building-nft-europe-with-passion" target="_blank" rel="noreferrer noopener">Non Fungible Conference</a>, we were invited as Media Partners for NFT in Europe, a full day dedicated to NFT artists, organized by Motion Plus Design team.</p>



<h2>What is Motion Plus Design?</h2>



<p><a href="https://www.motion-plus-design.com" target="_blank" rel="noreferrer noopener">Motion Plus Design</a> was created in Paris in 2011 by a <a href="https://www.motion-plus-design.com/about#team" target="_blank" rel="noreferrer noopener">French Team</a> and has become the worldwide reference for events on the Art of Motion Design and runs on <strong>4 themes</strong>:&nbsp;</p>



<ul><li>The organization of the biggest international events dedicated to the art of Motion Design with guests like <a href="https://en.wikipedia.org/wiki/Mike_Winkelmann" target="_blank" rel="noreferrer noopener">Beeple</a>, <a href="https://news.artnet.com/market/pak-nft-91-8-million-2044727" target="_blank" rel="noreferrer noopener">PAK</a>, <a href="https://en.wikipedia.org/wiki/Kyle_Cooper" target="_blank" rel="noreferrer noopener">Kyle Cooper</a> et <a href="https://en.wikipedia.org/wiki/Yoann_Lemoine" target="_blank" rel="noreferrer noopener">Woodkid.</a></li><li>A <a href="https://www.motion-plus-design.com" target="_blank" rel="noreferrer noopener">free website with exclusive resources</a></li><li><strong>Digital art curation.</strong> <a href="https://www.motion-plus-design.com/curation" target="_blank" rel="noreferrer noopener">“Carte blanche” videos</a> based on collaborations between the world&#8217;s greatest artists.</li><li><strong>2 NFT collections of Motion Designers</strong> with a unique screen case that allows the work to be presented as <a href="https://www.motion-plus-design.com/nft/collection-new/0" target="_blank" rel="noreferrer noopener">a physical token for display.&nbsp;</a></li></ul>



<p>With the desire to bring together the most passionate people interested in the profession of motion designer, Motion Plus Design has already organized in Paris, Tokyo and Los Angeles. Fun fact, the Motion Plus Design and NFT<em> in</em> CEO, Kook Ewo, is also a title designer and has collaborated on more than forty films and series with world-class directors such as Guillermo Del Toro, Betsy West, Christophe Gans, Vincenzo Natali, Cédric Klapisch and more..</p>



<h2>What is the ‘NFT in’ Europe Event?</h2>



<p>After seeing more and more interest in NFTs during 2021, the idea of creating an event with the same philosophy took shape and Motion Plus Design organized its first<a href="https://nft-in.com/america" target="_blank" rel="noreferrer noopener"> NFT in America</a> event&nbsp; in Los Angeles. After this success, the appointment was given in Paris, at the Théâtre du Gymnase on September 17th.</p>



<p>For its first time in Europe, ‘NFT in’ will welcome on stage the <a href="https://nft-in.com/europe/speakers" target="_blank" rel="noreferrer noopener">greatest NFT artists</a> who will present their most beautiful works and their creative process. Twelve of the world&#8217;s most influential international artists will align for a day of unique conferences celebrating the artistic, cultural and technological innovations of the NFT sphere.&nbsp;</p>



<h2>NonFungible.com as Media Partner of NFT in Europe</h2>



<p>When Kook invited us to be a Media Partner, how could we refuse?&nbsp;</p>



<p>We agreed for several reasons:</p>



<ul><li>The event will prioritize and will highlight art and digital artists.</li><li>The entrance fee is accessible to the general public (<a href="https://nft-in.com/tickets" target="_blank" rel="noreferrer noopener">50€ per tickets, 15€ for students</a>, <a href="https://nft-in.com/tickets" target="_blank" rel="noreferrer noopener">10€ for livestream ticket</a>).</li><li>International reach. In addition to being able to attend the conferences remotely, audio translation headsets will be loaned out during the event.</li><li>The conference will be posted on the website free of charge after the event.</li></ul>



<p>NFT in Europe is an opportunity to meet NFT players that we would not have had the chance to discover otherwise. We will not fail to share with you the conference&#8217;s highlights as well as the works exhibited!</p>



<p>This initiative proves that the NFT ecosystem continues to grow and evolve every day and its clear there will be other events of this type not to be missed in future. Stay curious because the builders of the NFT space are already present and very active..!</p>



<h2>PARTNERS</h2>



<h3><strong>With:</strong></h3>



<ul><li><strong>Dropbox —</strong><a href="https://www.dropbox.com/" target="_blank" rel="noreferrer noopener"><strong> dropbox.com</strong></a></li></ul>



<h3><strong>Partners:</strong></h3>



<ul><li><strong>Pullman — </strong><a href="https://all.accor.com/hotel/8189/index.fr.shtml" target="_blank" rel="noreferrer noopener"><strong>pullman.accor.com</strong></a></li><li><strong>1703 — </strong><a href="http://1703.art/" target="_blank" rel="noreferrer noopener"><strong>1703.art</strong></a></li></ul>



<h3><strong>With the support of:</strong></h3>



<ul><li><strong>NFT evening — </strong><a href="https://nftevening.com/" target="_blank" rel="noreferrer noopener"><strong>nftevening.com</strong></a></li><li><strong>Cryptoast — </strong><a href="https://cryptoast.fr/" target="_blank" rel="noreferrer noopener"><strong>cryptoast.fr</strong></a></li><li><strong>The Sandbox — </strong><a href="https://www.sandbox.game/" target="_blank" rel="noreferrer noopener"><strong>sandbox.game</strong></a></li><li><strong>NFT Factory — </strong><a href="https://nftfactoryparis.com/" target="_blank" rel="noreferrer noopener"><strong>nftfactoryparis.com</strong></a></li><li><strong>NONFUNGIBLE — </strong><a href="https://nonfungible.com/" target="_blank" rel="noreferrer noopener"><strong>nonfungible.com</strong></a></li><li><strong>Kryptosphere —</strong><a href="https://kryptosphere.org/" target="_blank" rel="noreferrer noopener"><strong> kryptosphere.org</strong></a></li><li><strong>nft morning — </strong><a href="https://www.nftmorning.com/" target="_blank" rel="noreferrer noopener"><strong>nftmorning.com</strong></a></li><li><strong>NEW ART EXPERIENCE — </strong><a href="https://www.newartexperiences.com/" target="_blank" rel="noreferrer noopener"><strong>newartexperiences.com</strong></a></li><li><strong>Le Quotidien de L&#8217;Art — </strong><a href="https://www.lequotidiendelart.com/" target="_blank" rel="noreferrer noopener"><strong>lequotidiendelart.com</strong></a></li></ul>



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NonFungible.com is the media partner of NFT in Europe! Who are Motion Plus Design and NFT in, why are we attending the event and what can we expect from it?

NFT in Europe: a Motion Design and NFT Exhibition


<h2>Who are you?</h2>



<p>Who am I&#8230;? Good question, I am first and foremost an entrepreneur. I like to create things without really knowing how to monetize them, but I like to create them. I began a startup 12 years ago called Food Reporter, then I created <a href="https://www.hackathon.com/" target="_blank" rel="noreferrer noopener">Bemyapp</a> (also known as <a href="https://www.hackathon.com/" target="_blank" rel="noreferrer noopener">hackathon.com</a>). It developed well, we had around a hundred customers such as Facebook, Intel, HP and others and we organized events in more than 50 countries.</p>



<p>I discovered crypto and blockchain a few years ago. We organized some events around blockchain but I wasn&#8217;t too into it. I bought Eth back then but didn&#8217;t really believe in it, then I discovered NFTs two years ago, and I took a slap! I bought a plot of land in Sandbox to organize events in the metaverse because I thought it was funny&#8230; and then I dug in and fell in love with the NFT &#8220;art&#8221; movement. I was lucky enough to witness the birth of a movement and I started collecting like crazy.</p>



<p>With my colleague Remi, we <a href="https://www.nftmorning.com/" target="_blank" rel="noreferrer noopener">created a live show on Clubhouse</a> to invite artists and entrepreneurs on a daily basis a week or two before the Beeple Hype. Basically, it was to explain the NFTs to Remi and it became a daily&#8230; and we did about 250 podcasts. In parallel we wrote a book and other things, always with the aim of democratizing NFTs.</p>



<p>To come back to the question, I would say that my goal is to federate. We organized meetups, small events and we embarked on the NFT Factory, always with the objective of bringing more and more people into NFTs and that the people who are in it can see each other.</p>



<h2>How did you come up with the idea for the Non Fungible Conference?</h2>



<p>It&#8217;s really the fusion of my two passions: NFTs on the one hand and events on the other. I was into NFTs and I participated in a lot of events around the world but I think I needed to make my interpretation of this world, to share my vision of NFTs. Because there were mostly Bitcoin or DeFi events&#8230; which is cool, but it&#8217;s not the same audience, the same passion.&nbsp; When I said I was in the NFTs, I was told &#8220;oh yeah it&#8217;s good it&#8217;s booming&#8221;. And for me I thought there was a problem. There are many events where I have noticed that most of the speakers have never minted any NFTs. That&#8217;s how I wanted to make a European event for people who know NFTs.</p>



<p>This is perhaps a somewhat radical positioning because I did not want to discover NFTs but to go to the level above. With a clear spirit to put art and artists at the heart of the processes. In 2021 we saw a lot of evolution, the big brands have put themselves on it, there are metaverses in all directions&#8230;but before the &#8220;industry&#8221; side, it&#8217;s really about putting artists at the center.</p>



<p>There are awesome metaverse projects, awesome PFP projects but for this event, it was putting art at the center of attention. Last October, I set up a small team to be able to set up the Non Fungible Conference in Lisbon a few months later.</p>



<h2>What is the biggest barrier for the mass adoption of NFTs?</h2>



<p>Honestly? There is no barrier anymore, we could talk about a technical barrier perhaps, but the main barrier today is psychological. To answer this problem of psychological barriers today and have mass adoption, a normal person might hear about it once, twice, four times &#8230; and is interested in it. Everyone, when they hear about NFTs today, thinks &#8220;it&#8217;s still weird to buy JPEGs&#8221;. Everyone went through this phase.</p>



<p>Depending on your mentality, your aversion to innovation or the trend of the world it will take more or less time for you to take an interest in it. So for me the only barrier is a time barrier.&nbsp; The only question is the faster we communicate and communicate strongly, the closer we get to this snowball effect that will allow mass adoption.</p>



<h2>How do you see NFTs in 5 years?</h2>



<p>In 5 years I think we will use the title &#8220;NFT&#8221; less. In 5 years, in the same way as the internet which is everywhere, NFTs will be everywhere. Today we use a smartphone, we use a TV, a computer, a whole series of things that depend on the internet without asking ourselves the question of whether the internet is there or not. To take an older example, it&#8217;s like electricity..</p>



<p>For me we are at that point. These are underlying technologies that make it possible to do a lot of things. You&#8217;re going to play video games, you won&#8217;t realize you&#8217;re activating, using or earning NFTs. You&#8217;re going to buy skins like that kind of thing you won&#8217;t realize that you&#8217;re going to buy goods like works of art&#8230; and during the transaction you will not realize that you are using an NFT when buying. I don&#8217;t know if it will be in 5, 7 or 10 years but we are moving towards a society where we might talk less about ‘NFTs’ but they will be just everywhere.&nbsp;</p>



<h2>Let&#8217;s go back to the NFT Factory, what are its objectives?</h2>



<p>The <a href="https://nftfactoryparis.com/" target="_blank" rel="noreferrer noopener">NFT Factory</a> is anchored in this evangelization process. When I wrote the book ‘NFT Revolution’, it was so that my father could use NFTs. The NFT Factory follows this same logic, from the outside you see an art gallery and then behind this very accessible and very simple to understand thing there is this NFT movement. The goal is that you can come in and get going with your first with very little training, a little onboarding and an understanding of what an NFT is. The goal is really to have a team of about fifty people to have a maximum referent of this universe.</p>



<p>The starting point is that we do not realize how far ahead France and even Europe is on this subject. Sandbox is one of the world leaders in the metaverse. Sorare in entertainment, Ledger in security, other companies that are not yet known, artists who are already known worldwide such as Pascal Boyart, Obvious, Allota Money&#8230; In the DeFi there are monsters that are French too.</p>



<p>If you project yourself in 5 years precisely, this kind of box will succeed GAFA. If you look at the history of GAFA, these boxes have HP and IBM who were the leaders in computing. And in my opinion, there are new leaders who will surpass the old leaders. It&#8217;s boxes, if you want them to work, the whole continent must wake up. Maybe it goes through politicians, maybe through journalists, but it goes mainly through people.</p>



<p>If tomorrow in France there are 40M wallets, which buy and exchange NFTs and well behind there is a market that journalists and politicians will follow. The goal is to start at the grassroots and take people from the bottom up to the NFTs. The more collectors, consumers, sensitized people, the more you will accelerate the snowball effect and welcome people into the ecosystem.</p>



<p>So the objectives in the NFT Factory in summary are:</p>



<ul><li>Evangelization</li><li>Formation</li><li>Event for the community and large groups</li></ul>



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Is there a better way to finish the interviews that we conducted during the Non-Fungible Conference in Lisbon by its co-organizer, John Karp?

NFT Heroes #10: John Karp, Non-Fungible Conference & NFT Factory


<p>As we announced in the first quarter of 2022, the NFT (and crypto) market was not in great shape especially since the global geopolitical context has become more complex. For this second quarter, an unfortunate trend has been confirmed and volumes no longer look like last year&#8217;s experience..!</p>



<h2><strong>Quarterly NFT Market Report Q2 2022 – Summary</strong></h2>



<p>With 55 pages dedicated to the analysis of the NFT market for the second quarter of 2022, here is the summary of the different chapters that you can find there:</p>



<p><strong>1 – The fundamentals</strong></p>



<ul><li>What is an NFT?</li><li>The data used for this report</li><li>Legal disclaimer</li></ul>



<p><strong>2 – A look back at Q2</strong></p>



<p><strong>3 – Overall performance</strong></p>



<ul><li>Q2 2022 Performance</li></ul>



<p><strong>4 – Detailed performance</strong></p>



<ul><li>Search volume</li><li>Performance by segment</li><li>Market distribution by project</li><li>Primary and Secondary Market</li><li>Average NFT Price Evolution</li><li>Active Wallets</li><li>Supply &amp; Liquidity</li></ul>



<p><strong>5 – The interview of the quarter</strong></p>



<ul><li>John Karp from the Non Fungible Conference and NFT Factory</li></ul>



<p><strong>6 – Profits &amp; losses on the market</strong></p>



<ul><li>Global performance of NFT Trading</li><li>Profit &amp; Loss per segment over time</li><li>Most profitable projects</li><li>More profitables sales</li></ul>



<p><strong>7 – Focus by segment</strong></p>



<ul><li>Crypto Art</li><li>Collectibles</li><li>Gaming</li><li>Metaverses</li><li>Utilities</li><li>The situation by segment</li></ul>



<p><strong>8 – General conclusions</strong></p>



<p>This article will introduce you to different metrics but we invite you to download the full report for free to have the most detailed overview possible!</p>



<h2>Q2 Global NFT Performance</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="632" height="744" src="http://nfcms1/app/uploads/2022/07/Q2-2022-marche-NFT-global-stats-1.jpg" alt="Q2 2022 marche NFT global stats" class="wp-image-64215" srcset="http://nfcms1:80/app/uploads/2022/07/Q2-2022-marche-NFT-global-stats-1.jpg 632w, http://nfcms1:80/app/uploads/2022/07/Q2-2022-marche-NFT-global-stats-1-255x300.jpg 255w" sizes="(max-width: 632px) 100vw, 632px" /><figcaption><em>Q2 2022 Global performance &#8211; NonFungible.com</em></figcaption></figure></div>


<p>Most indicators are down in the second quarter of 2022, without much surprise given the global economic context. The main metrics are down about 25%, which is a relatively modest decline compared to cryptocurrency trends.</p>



<p>Note that also the average price of NFTs experienced a very slight drop of only 6% while crypto currencies were almost divided by 3 during the period.</p>



<h2>NFT Trading: A 25% USD Traded Drop</h2>



<p>Let’s start with the USD traded volume. The NFT market has seen a massive drop of about 25% in terms of USD traded between Q1 and Q2 2022 with a global volume of about US$8 billion in Q2 2022.</p>



<p>It&#8217;s not just the USD volume traded that has fallen. This is also the case for the number of buyers and sellers as well as the number of sales. These decreases come mainly from collectibles that have lost interest since the beginning of the year except for the &#8220;blue chip&#8221; collections.</p>



<p><a href="https://nonfungible.com/market-tracker/cryptopunks" target="_blank" rel="noreferrer noopener">CryptoPunks</a>, <a href="https://nonfungible.com/market-tracker/meebits" target="_blank" rel="noreferrer noopener">Meebits</a> and the <a href="https://nonfungible.com/market-tracker/boredapeclub" target="_blank" rel="noreferrer noopener">Bored Ape Yacht Club</a> family alone account for 30% of the USD volume traded in the global NFT market. It would therefore seem that a centralization of the market is taking place around the projects owned by Yuga Labs for this first quarter of 2022.</p>



<h2>Q2 NFT Trading Profit &amp; Loss</h2>



<p>With the fall in the price of crypto and the decline in NFT market volumes, making profits has become harder during the second quarter of 2022. Profit at resell decreased by 46% during the period, for a total loss that increased by 23% (US$1.8 billion profit for US$1.4 billion loss).</p>



<p>NFT trading records a net profit of US$460M over Q2 2022, a significant decrease compared to Q1 2022 (US$2,347M).&nbsp;</p>



<p>The Collectibles segment is paradoxically the one with the highest resale loss rate, peaking at more than $100 million per week, but which at the same time still has the most profitable sales of the quarter.</p>



<h2>Less Liquidity and More Building</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" width="672" height="238" src="http://nfcms1/app/uploads/2022/07/liquidity-nft-segment.jpg" alt="liquidity nft segment" class="wp-image-64141" srcset="http://nfcms1:80/app/uploads/2022/07/liquidity-nft-segment.jpg 672w, http://nfcms1:80/app/uploads/2022/07/liquidity-nft-segment-300x106.jpg 300w" sizes="(max-width: 672px) 100vw, 672px" /><figcaption><em>Total volume of assets identified by segment and evolution of supply by quarter.</em></figcaption></figure></div>


<p>Very few new NFTs have been issued this quarter, with a global supply growth of only 4%. The liquidity has also considerably diminished over all segments. Secondary market remains predominant with almost 80% of the volume of USD traded, in the meantime, Primary market has constantly decreased over the period.</p>



<p>It is mainly around the <a href="https://nonfungible.com/market-tracker/ethereumnameservice" target="_blank" rel="noreferrer noopener">Ethereum Name Service</a> (ENS) that the volume has been in the Utilities sector. The decentralized domain name project has announced new updates for its product. But we have also seen a lot of speculation around three-character names.</p>



<p>Driven by <a href="https://nonfungible.com/market-tracker/otherside" target="_blank" rel="noreferrer noopener">OtherSide</a> and the continuity of the hype launched by Meta at the end of last year, metaverse projects also seem to be multiplying.&nbsp;</p>



<p>Only utility NFTs and metaverses are showing growing liquidity despite a bear market.&nbsp;</p>



<h2>NFTs Are Not Buried Yet</h2>



<p>The least we can say is that the market has changed dramatically in just one quarter. NFTs are no longer in the spotlight, the turmoil seems to have died down…for now. Let’s take this opportunity to refocus on what really brings value over time.</p>



<p>Profit is made during Bull Markets, but it is usually during the Bear Markets where real value is built.</p>



<p>If you want to know more about our prediction for the next quarter and more in-depth analysis, <a href="https://nonfungible.com/reports/2022/en/q2-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener">download our free quarterly Q2 report</a>!</p>



<div style="height:30px" aria-hidden="true" class="wp-block-spacer"></div>




Over Q2 2022, the NFT industry has once again entered a building phase. Download our free Quarterly NFT Market Report Q2 2022.

NFT Market Report Q2 2022: A massive 25% USD Traded Drop


<p>Whether you&#8217;re a newcomer or a veteran in the crypto ecosystem, you must have heard of Decentralized Finance (DeFi). This concept aims to automate the various financial mechanisms from traditional finance through decentralised smart contracts.</p>



<h2>Introduction to Decentralized Finance (DeFi)</h2>



<p>In DeFi, the economy does not pass through a third party, here are its simplest features:<br></p>



<ul><li>Lending: making tokens available</li><li>Borrowing: borrowing tokens</li><li>Swap: exchange one token for another</li><li>Staking: placing your tokens in a smart contract to generate more tokens</li></ul>



<p>Lending or borrowing tokens will always be done with a more or less variable rate depending on the service used, this rate also fluctuates depending on the liquidity available and the duration of the operation.</p>



<p>Swaps can be more or less advantageous depending on the protocols used and as for staking, the number of tokens recovered will vary depending on the number of tokens placed. The bigger your share, the bigger your reward will be.</p>



<p>There are other, more complex features:</p>



<ul><li>Liquidity mining: recover the costs related to a liquidity pool by depositing the associated token pair in the smart contract</li><li>Yield farming: recovering a reward linked to a liquidity pool</li><li>Vesting: a form of liquidity mining, stacking or yield farming but which blocks rewards for a given time.</li></ul>



<p>The first two features are often closely related, while Liquidity Mining recovers transaction fees, Yield Farming can offer other types of rewards and its these use cases that are most used in the Non-Fungible Tokens space. Here are some examples of NFT projects that have utilised different mechanisms for their project.</p>



<h2>Cometh.io</h2>



<div class="wp-block-image"><figure class="aligncenter"><img src="https://lh6.googleusercontent.com/iAwBCXnG3ZPhiCTobev_MaUyDEf8MTxZvvXYcOfFNFroAm-uGT-R-Z1mZ4cmXGmPjQBXsW9O6CfZM8XlPFlITEbfNiT0NbLLHzup3Apg5aRaAXfWi9KpayCYxcP_Og" alt=""/><figcaption><em>Cometh.io</em></figcaption></figure></div>



<p><a href="https://www.cometh.io/" target="_blank" rel="noreferrer noopener">Cometh.io</a> is one of the first NFT projects to use the power of DeFi to launch its game. The only way to <a href="https://docs.cometh.io/spaceships/how-to-get-spaceships" target="_blank" rel="noreferrer noopener">acquire your first Cometh ships</a> was to buy them with $DUST tokens and to acquire these, it would be necessary to stack another of the project&#8217;s tokens, $MUST.</p>



<p>Once the ships have been obtained, the game can begin. The goal is simple to understand, succeed in placing your ship in the right orbit, enabling you to mine the comets. Except that in practice, it is obviously not so easy, but worth it as for every comet mined, rewards in $MUST are delivered.</p>



<p>Each ship has its own particularities: speed, mining efficiency and size.</p>



<p>We wrote<a href="https://nonfungible.com/news/game/a-voyage-through-space-with-cometh-io" target="_blank" rel="noreferrer noopener"> an article about Cometh</a> so you could easily understand the different mechanics from the game, so don&#8217;t hesitate to go and read it!&nbsp;</p>



<h2>Aavegotchi</h2>



<div class="wp-block-image"><figure class="aligncenter"><img src="https://lh6.googleusercontent.com/JKCbeoHyAHymxmWOj0ldRMykX4x8cBUPapIIcQ5hRDUJYcBr_m2A-avaeoAnFjFUxGNVIh7BggqR_5JiJWruIYbm4oWvKCOh63Ufudo9Qlx0EVNlMtk0HtSC99vSBQ" alt=""/><figcaption><em>Aavegotchi</em></figcaption></figure></div>



<p>For users looking to understand deeper the world of DeFi,<a href="https://aavegotchi.com/" target="_blank" rel="noreferrer noopener"> Aavegotchi</a> is the perfect project! The team behind it are veterans of the crypto and NFT ecosystem and they wanted to maximize what was possible to put on-chain.</p>



<p>To summon a Gochi, several steps were necessary:</p>



<ul><li>Have $GHST to buy a portal</li><li>Open the portal to invoke 10 Gochis randomly generated by Chainlink&#8217;s RNG algorithm</li><li>Among these 10 Gotchis, choose one, associated with a crypto. For example, if a Gochi is correlated to the USDT, USDt is required to finalize the invocation.</li></ul>



<p>And once the Gochi has been summoned, the magic really begins! Because the USDT that was used to invoke the Gochi are in essence &#8220;stacked’’ in the Gotchis. It is therefore NFTs that serve, thanks to the Aave protocol, to generate interest according to the associated collateral.</p>



<p>The world of Aavegotchis has grown enormously in one year and there are still many steps on the roadmap and we wrote several articles on the subject in collaboration with their team. To better understand this complex project in more detail, we invite you to read our articles:</p>



<ul><li><a href="https://nonfungible.com/news/defi/aavegotchi-the-missing-link-between-nft-and-gaming" target="_blank" rel="noreferrer noopener">Understand everything about Aavegotchi</a></li><li><a href="https://nonfungible.com/news/defi/new-aavegotchi-roadmap-reveals-onchain-future" target="_blank" rel="noreferrer noopener">Aavegotchi&#8217;s roadmap</a></li><li><a href="https://nonfungible.com/news/defi/three-big-takeaways-from-aavegotchis-metaverse-reveal" target="_blank" rel="noreferrer noopener">Aavegotchi announces its metaverse</a></li></ul>



<p>Also, the community has been very active in participating with the development of the project, with several ancillary tools have been put in place by and for the community:</p>



<ul><li><a href="https://ghst.gg/" target="_blank" rel="noreferrer noopener">Ghst.gg:</a> a veritable Swiss Army knife gathering all the tools necessary to analyze the universe of Aavegotchi</li><li><a href="https://www.gotchivault.com/" target="_blank" rel="noreferrer noopener">Gotchi Vault</a>: allows you to place your Gotchis in a chest to feed them every day and improve rewards</li></ul>



<h2>Uniswap V3</h2>



<div class="wp-block-image"><figure class="aligncenter"><img src="https://lh4.googleusercontent.com/Dglz8pBi75_KIwVOF8_qvvkuJHIFQskLcdvsg9dtUmTShDNdrCMYs5vxTqU2lVJ6HF1u8obeGR9FasGONt24OPKgXb9urMvdWS2DG3kbNw26nSdd3H5F8kBr8ykqvA" alt=""/><figcaption><em>Uniswap</em></figcaption></figure></div>



<p>When it was updated to version 3, the famous Decentralized Exchange (DEX) <a href="https://uniswap.org/" target="_blank" rel="noreferrer noopener">Uniswap</a>&nbsp; started using NFTs and not to play games or collect images. The chosen use is completely innovative in the sector, Uniswap NFTs are utilised to optimize transaction-related gains for those who deposit liquidity in the various pools.</p>



<p>Until then, by depositing a liquidity pair in the DEX, there was no defined limit and users can now set one to optimize the recovered fees.</p>



<p>“Rather than being required to allocate capital across the entire price spectrum from 0 to infinity, each LP is given full control over what price ranges they wish to provide liquidity to”</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">2/ <br><br>The blogpost provides a high level overview<br><br>For a detailed technical dive, we recommend reading the Uniswap-v3-core whitepaper<a href="https://t.co/1TSBI7iz3K">https://t.co/1TSBI7iz3K</a></p>&mdash; Uniswap Labs 🦄 (@Uniswap) <a href="https://twitter.com/Uniswap/status/1374407381958848520?ref_src=twsrc%5Etfw">March 23, 2021</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Prior to this update, the default limit was 0.3% per trade but it is now possible to choose fees ranging from 0.05% to 1%, allowing greater freedom in case of a ‘Take Profit’ strategy or market decline.</p>



<h2>The DeFi x NFT is still a very experimental field</h2>



<p>Although the merge between NFTs and DeFi has immense potential, these two worlds are still very recent and their use is still a very experimental field, therefore it&#8217;s important to keep in mind that projects with a focus on DeFi are relatively risky.</p>



<p>We could have talked about more projects, created last year, that present interesting concepts. But it is difficult to know at this time whether the use of NFTs in these projects is relevant and above all, planned for the long term.</p>



<p>More and more projects that link DeFi and NFTs are make their concepts fun to use and therefore easier to use. This simplified access to Decentralized Finance should not make us forget the due diligence as well as the necessary research we must carry out before using them!&nbsp;</p>



<p>That said, these different experiences will have an overall positive impact on the NFT ecosystem to better determine what will and won&#8217;t work in the long run..</p>


Decentralized finance has been around for many years on Ethereum but really exploded during 2020. Very quickly, certain NFT mechanisms were included to make their projects more complete, let's take a look at some use cases!

What interactions exist between NFTs and DeFi?


<p>Since last year more and more NFT projects have been using mechanisms inspired by <strong>decentralized finance </strong>systems. Being described as a modern fairy tale about DeFi and the rise of decentralization, <a href="https://degens.farm/" target="_blank" rel="noreferrer noopener">Degen’$ Farm</a> is proposing a different distribution model that is tightly connected with DeFi culture.&nbsp;</p>



<p>The game invites farmers to test their <strong>crypto farming skills</strong> and farm unique Collectibles&#8217; NFT creatures. It’s essentially dynamic art and the game itself is full of modern <strong>crypto allusions and irony</strong> that might be misunderstood from the first sight.</p>



<p>Let’s dive a bit deeper into the farm and find out who is behind this project and what can be done with it?</p>



<h2><strong>Presentation of degens.farms</strong></h2>



<p>The idea of the game was born in January and the project was officially launched at the beginning of June. The team is made up of six people and has <strong>Chichi</strong> (funky cartoon chick) as a CEO, who has wished to remain anonymous in order to have a free hand and really have some fun with this project.</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/08/degensfarm-chichi.gif" alt="degensfarm chichi" class="wp-image-5826" width="256" height="256"/></figure></div>



<p>That said, in an<a href="https://www.nftradar.org/nft-radar-new-project-presentation-degens-farm/" target="_blank" rel="noreferrer noopener"> interview with NFT Radar</a>, it is interesting to note that the core team has already had some significant experience in <strong>the world of music and art</strong> for more than 10 years, while the developers have been using Solidity since 2017 and have experience in <strong>mobile games</strong> for more than seven years.&nbsp;</p>



<p>It’s pretty easy to confuse the newcomers with the crazy APY of their main in-game utility token called <a href="https://etherscan.io/token/0xdada00a9c23390112d08a1377cc59f7d03d9df55" target="_blank" rel="noreferrer noopener">$DUNG</a>, but it obviously serves the purpose of <strong>‘degen storytelling’</strong>.</p>



<p>What is funny – creatures of the farm are the only entities that produce precious $DUNG. <strong>Team has never sold any $DUNG</strong> and distributed the initial supply for free. After some research it’s becoming clear that the project has some serious <a href="https://www.chainlinkecosystem.com/ecosystem/degens-farm/" target="_blank" rel="noreferrer noopener">smart-contract eco-system</a> driven by <strong>Chainlink</strong> oracles.</p>



<p>While you can enjoy crazy $DUNG farming, the core playground of the Degen’$ Farm universe is <strong>NFT farming</strong>, so let’s take a closer look at this process.</p>



<h2><strong>How does it work?</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/08/degenfarms-nft.gif" alt="degenfarms nft" class="wp-image-5815" width="1200" height="668"/></figure></div>



<p>At Degen’$ Farm <strong>everything starts with the $BAGZ</strong> with the hard cap of 4500 tokens. There are 20 types of creatures on the farm (cows, sheeps, goats etc.), with three levels of rarity: <strong>Normies</strong>, <strong>Chads</strong>, and <strong>Degens</strong>.</p>



<p>While $BAGZ are built as ERC20 tokens, inside the $BAGZ there are 2000 basic Normie creatures and 2500 lands that are both ERC-721. In order to farm next level creatures you put <strong>one land and one Normie</strong> into the <a href="https://degens.farm/farming" target="_blank" rel="noreferrer noopener">farming cabinet</a> and come back in one week to see what you got – another portion of $DUNG or rare Chad. </p>



<p>Essentially, 2000 Normies are used to breed 400 Chads, which can then be used to give birth to 20 mighty Degens. The basic probability of <strong>Chad farming is</strong> <strong>20%</strong>, and the basic probability of <strong>farming a Degen is</strong> <strong>5%</strong>. But if you are an experienced DeFi farmer you can affect it!</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><a href="https://opensea.io/assets/0xd227df494367a8b769b4bf2bbebd0388a8758741/20143" target="_blank" rel="noopener noreferrer"><img loading="lazy" width="506" height="504" src="http://nfcms1/app/uploads/2021/08/degenfarm-chad.jpg" alt="degenfarm chad" class="wp-image-5824" srcset="http://nfcms1:80/app/uploads/2021/08/degenfarm-chad.jpg 506w, http://nfcms1:80/app/uploads/2021/08/degenfarm-chad-300x300.jpg 300w, http://nfcms1:80/app/uploads/2021/08/degenfarm-chad-150x150.jpg 150w" sizes="(max-width: 506px) 100vw, 506px" /></a></figure></div>



<p>At the moment of giving birth to another animal the probabilities can go up depending on various factors. If you own a horse (related to Uniswap) and are an owner of UNI tokens, <strong>the probability of giving birth to a Chad is higher</strong>.</p>



<p>Also the <strong>market momentum affects the probability</strong> – if the price of UNI is going up at the moment you’re giving birth, the probability of getting a Chad is higher too. You can also boost your probability by obtaining <strong>farming tools</strong> that could only be <a href="https://degens.farm/dung-swap" target="_blank" rel="noreferrer noopener">swapped</a> for $DUNG.</p>



<p>There’s a lot of farming tips and tricks that could be found in the project <a href="https://docs.degensfarm.com/" target="_blank" rel="noreferrer noopener">docs</a> and hot farming discussions in the <a href="https://discord.gg/UfhPh5kyMS" target="_blank" rel="noreferrer noopener">Discord</a>.</p>



<h2><strong>Conclusion</strong></h2>



<p>While most projects on the market are aiming for instant distribution and therefore usually insiders and whales are the primary beneficiaries, Degen’$ Farm provides a different perspective where your DeFi skills and knowledge are playing a crucial role.</p>



<p>In a way, this game is a snapshot of the current DeFi landscape and users are not only earning ultra-rare NFT’s, but also learning and <strong>improving their farming skills</strong> by playing. But what is more important – It’s a fun and engaging way to become a real crypto farmer and collect cute animated creatures with sounds.</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.   </p>


Tired of profile picture rush and looking for some fresh on-chain experience? Check out Degen’$ Farm with its wicked skill-based distribution model. 

Slightly more than 10,000 profile pictures collection


<p><a href="https://aavegotchi.com/" target="_blank" rel="noreferrer noopener">Aavegotchi</a> have established themselves as one of the <a href="https://aavegotchi.medium.com/the-first-nft-wallet-on-polygon-is-aavegotchi-b24cac01a1d9" target="_blank" rel="noreferrer noopener">premier NFT crypto avatars with their innovative approaches</a> to personality traits, on-chain storage and Aave-partnered DeFi capabilities. One area that has til now remained a question mark, is <strong>the future integration of a virtual world</strong> for these cute ghosts to inhabit.</p>



<p><strong>Pixelcraft Studios</strong>, the core dev team, has long promised an expansion of Aavegotchis into the metaverse. But definitions for a metaverse are all over the map and so there’s been no clear indication of what this expanded environment would look like. <strong>Til this week, that is!</strong></p>



<h2>Aavegotchi&#8217;s Metaverse: The Gotchiverse Realm</h2>



<p>Wednesday, June 23rd saw the official Aavegotchi Twitter (<a rel="noreferrer noopener" href="https://twitter.com/aavegotchi" target="_blank">@aavegotchi</a>) host a Twitter Spaces event to reveal a brand new lite paper dedicated to what they are calling, &#8220;<strong>The Gotchiverse Realm</strong>”.</p>



<p>The Gotchiverse Realm is described as <strong>the homeworld for Aavegotchis</strong> to inhabit and participants in the online event were treated to a high level overview of the various game mechanics and tokenomics of their take on <strong>what a crypto metaverse can be</strong>.</p>



<p>Digital real estate and the gamification of NFTs are already gaining a significant amount of attention with leading projects like <strong>Decentraland</strong> and <strong>Cryptovoxels</strong> active in this space. With the potential of this space growing week by week, we’re excited to share <strong>three key features</strong> that The Gotchiverse is promising.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="939" height="650" src="http://nfcms1/app/uploads/2021/06/aavegotchi-real-gotchiverse.jpg" alt="aavegotchi real gotchiverse" class="wp-image-5068" srcset="http://nfcms1:80/app/uploads/2021/06/aavegotchi-real-gotchiverse.jpg 939w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-real-gotchiverse-300x208.jpg 300w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-real-gotchiverse-768x532.jpg 768w" sizes="(max-width: 939px) 100vw, 939px" /><figcaption><em>A couple of Aavegotchis farming ALPHA</em></figcaption></figure></div>



<h2>Yield Generating land parcels</h2>



<p>There is a reason for The Gotchiverse’s diverse regions that goes beyond aesthetics. While most metaverse project’s offer parcels of various size and shape, each Realm parcel also comes with <strong>a unique mix of “resources”</strong> under its soil.</p>



<p>Owning a parcel is more than a sandbox to build on, but also access to four distinct resources known as $ALPHA, $FOMO, $FUD and $KEK. These resources are necessary for <strong>crafting a wide variety of NFT “installations”</strong> on top of parcels. Each of these four resources are technically ERC20 tokens and it is up to you and your Aavegotchi to effectively farm the parcels.</p>



<p>The “<strong>treasure map</strong>” provided subtly indicates which resources one is most likely to farm. For example, blue waterways indicate an abundance of ALPHA whereas the bright hot lava areas will certainly offer more FOMO to be farmed.</p>



<p>One important note is a sense of scale. The team stated on call that it takes a single Aavegotchi over one hour to cross the Realm from east to west. It also appears that the <strong>Citaadel</strong> offers a special gameplay zone that is roughly 20% of the entire Realm’s space. It’s explained that farming of all four resources is also available inside the <strong>Citaadel</strong> with one key being the lack of competitive “<strong>tower defense</strong>” type game play scenarios inside the Citaadel.</p>



<p>That means we can look forward to <strong>a truly RPG gaming inspired experience</strong> in addition to the typical buildings and yield farming.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1012" height="506" src="http://nfcms1/app/uploads/2021/06/aavegotchi-materials.jpg" alt="aavegotchi materials" class="wp-image-5065" srcset="http://nfcms1:80/app/uploads/2021/06/aavegotchi-materials.jpg 1012w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-materials-300x150.jpg 300w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-materials-768x384.jpg 768w" sizes="(max-width: 1012px) 100vw, 1012px" /></figure></div>



<h2>Free-to-play, one-time-use NFTs</h2>



<p><strong>The</strong> <strong>Aavegotchi’s arch nemesis</strong> was also revealed. Known as “The Liquidators”, these creatures are actually competing with Aavegotchis for resources that often “leak” onto the surface of the world. The result is described as the equivalent of <strong>a big easter egg hunt</strong> where players are incentivized to explore and snatch up yield first.&nbsp;</p>



<p>Like Aavegotchis, Liquidators are unique NFTs that can be your game character of choice. Unlike Aavegotchis, these Liquidators are meant to offer a f<strong>ree-to-play entry point with no cap on supply</strong> and limited collectability.&nbsp;</p>



<p>This is a fascinating new use case for NFTs that seems to be geared toward <strong>mass adoption</strong> where everyone will have a means to chasing down the Alchemica Resources.&nbsp;</p>



<h2>A fairly distributed world</h2>



<p>The first generation of Aavegotchis (known as Haunt 1) were sold in March 2021 via a typical NFT Drop or “first come first serve” model. That saw 10,000 Aavegotchi NFTs sell out in about 1 minute. While most would call it a success, <strong>the core team were not satisfied</strong> with the amount of stress and disappointment this sales model caused much of the Aavegotchi fanbase.&nbsp;</p>



<p>The situation prompted the team (and the AavegotchiDAO) to carefully consider new, potentially better approaches to large scale NFT sales. It was confirmed at the Twitter Spaces call that a “<strong>bid-to-earn</strong>” auction model powered by crypto auction experts, GBM, is in the works for both Haunt 2 (this July) and the first REALM parcel pre-sale in August. The auction method <strong>leaves the door open for 72 hours</strong> and enables everyone to take their time bidding on any available parcel over that period.</p>



<p>Perhaps even more surprising is the confirmation that only 80% of pre-sale #1 parcels will be auctioned while the remaining 20% of parcels will all be distributed via a Chainlink VRF raffle.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1400" height="788" src="http://nfcms1/app/uploads/2021/06/aavegotchi-realm-distribution.jpg" alt="aavegotchi realm distribution" class="wp-image-5069" srcset="http://nfcms1:80/app/uploads/2021/06/aavegotchi-realm-distribution.jpg 1400w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-realm-distribution-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-realm-distribution-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-realm-distribution-768x432.jpg 768w" sizes="(max-width: 1400px) 100vw, 1400px" /></figure></div>



<p>While Aavegotchi is famous for <strong>having perfected Chainlink-powered raffles</strong>, the size and scope of this raffle announcement is still quite shocking. To facilitate this, a new ERC-1155 was introduced, aptly called “<strong>Drop Tickets</strong>”.&nbsp;</p>



<p>Anyone <a rel="noreferrer noopener" href="https://aavegotchi.com/stake" target="_blank">staking Aavegotchi’s GHST token</a> earns FRENS points which can soon be exchanged for these Drop Tickets. There are also a number of ways to win drop tickets, with <strong>the team allocating 10,000 USD worth of funding</strong> toward ticket giveaways.&nbsp;</p>



<p>With the <strong>REALM presale</strong> still a couple months away, we all have some time to farm or earn some sweet Drop Tickets. It’s understood that the raffle will take place during <strong>the same time window</strong> as the auction itself. Though exact dates remain to be confirmed.</p>



<p>If someone wants to use their Drop Tickets before the August sale, it is worth noting that Drop Tickets can be traded on the Aavegotchi marketplace and will also work in a similar raffle confirmed for <strong>Haunt 2, second generation Aavegotchis this July.&nbsp;</strong></p>



<p>You can <a href="https://docs.google.com/document/d/1hUHF29F3_tByWd8ezSphYEE0gPJYg3K5CN1K-X3_WK8/edit?usp=sharing" target="_blank" rel="noreferrer noopener">read The Realm lite paper in its entirety here</a> or join the Aavegotchi conversation at <a href="https://discord.gg/aavegotchi" target="_blank" rel="noreferrer noopener">the official Discord</a> and <a href="https://t.me/aavegotchi" target="_blank" rel="noreferrer noopener">Telegram</a>.&nbsp;&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1012" height="506" src="http://nfcms1/app/uploads/2021/06/aavegotchi-gotchis-frens.jpg" alt="aavegotchi gotchis frens" class="wp-image-5064" srcset="http://nfcms1:80/app/uploads/2021/06/aavegotchi-gotchis-frens.jpg 1012w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-gotchis-frens-300x150.jpg 300w, http://nfcms1:80/app/uploads/2021/06/aavegotchi-gotchis-frens-768x384.jpg 768w" sizes="(max-width: 1012px) 100vw, 1012px" /><figcaption><em>A couple frenly Aavegotchi ready to explore The Gotchiverse Realm</em></figcaption></figure></div>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


The Aavegotchi's Metaverse has been revealed! This realm will bring the game to the ultimate stage, here's some main takeaway to keep in mind.

Gamified Yield Farming!? 3 big takeaways from Aavegotchi’s metaverse reveal


<p>Over the past year DeFi has been developing at a rapid pace, but its spread into the world of NFTs as a viable option for traders and finance has been slower. NFTs provide an ability to <strong>wrap tokens</strong> <strong>and value</strong> and provide a viable container that can prove very useful.</p>



<p>However the merging of its visual abilities plus <strong>these DeFi centric skill sets have been limited</strong>. Even less can be found utilizing the multi power of Semi Fungible Tokens which can be both unique art and fungible value, until now.&nbsp;</p>



<p>Getting to <strong>grips with DeFi</strong> can be complicated for anybody who hasn&#8217;t mastered the technical and financial aspects related to the blockchain. <strong>Even casual investors with over 6 months experience can still find some aspects confusing.</strong></p>



<p>But some <strong>experienced traders</strong> have learned how to leverage these aspects and are always looking for new tools to put together the most effective trading strategies and profit making.&nbsp;Perhaps the most <strong>successful use cases of NFTs in DeFi</strong> will reveal themselves from this hybrid community?</p>



<p>This is what <a href="https://wows.finance/" target="_blank" rel="noreferrer noopener">The Wolves of Wall Street</a> is betting on by focusing more specifically on Semi-Fungible Tokens which provide the ability to add a fun visual characterisation to ease entry level investors into the DeFi space as well as the innovation to attract <strong>hardcore DeFi traders and investors</strong>.</p>



<h2>C-Folios and Semi Fungible Tokens</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1494" height="1600" src="http://nfcms1/app/uploads/2021/05/wolves-of-wall-street-cfolio.jpg" alt="wolves of wall street cfolio" class="wp-image-4785" srcset="http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-cfolio.jpg 1494w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-cfolio-280x300.jpg 280w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-cfolio-956x1024.jpg 956w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-cfolio-768x822.jpg 768w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-cfolio-1434x1536.jpg 1434w" sizes="(max-width: 1494px) 100vw, 1494px" /></figure></div>



<p>The use of SFTs within the WOWS ecosystem is centred around their <strong>CryptoFolios</strong> or <strong>C-Folios</strong>™ and are visualised as Liquidity Pool <strong>Trader Wolves</strong> or the Stablecoin <strong>Business Bois</strong> (aka dogs).</p>



<p>The LP Wolf traders are eager for a <strong>quick profit</strong> and only want one thing: to make money, whatever the cost, but they are also the main token holders and support the growth of the token.</p>



<p>The second group, the Business Bois (dogs), consists of <strong>stablecoin farmers</strong>. They create the Total Value Locked of invested stablecoin, a key metric in DeFi, and are long term players, but are also accused by token holders of not contributing enough to the tokens health, having only to invest in stablecoins with minimal token buy in.</p>



<p>In this way, <strong>WOWS visualizes the opposing pillars of AMM</strong> and lending with 2 factions cut from the same cloth Wolves and Bois and reveal their dynamics within DeFi for a wider audience.</p>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Wolves of Wall Street NFT" width="500" height="375" src="https://www.youtube.com/embed/XWwNUKuLyy0?start=5&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<p>Having your own C-Folios™ , the token that acts as a portfolio for your LP and stablecoin investments has <strong>multiple advantages</strong>.&nbsp;</p>



<p>All annual earnings, collectables and LP values can go into your own unique SFT C-Folios™. Everything in that C-Folios™ can be managed by you, whether you take your rewards out or you take your investment NFTS out, <strong>each element can be sold separately OR together</strong> by you as a user at any time.</p>



<p>The next user of your C-Folios™ can then have all your collectables, rewards and value and use it again as they wish on the WOWS platform.</p>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="WOWS C-FOLIO - HOW TO TRADE" width="500" height="281" src="https://www.youtube.com/embed/VESlm5umX1g?start=3&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div></figure>



<p>Other more serious future financial applications can be found such as the CRO (<strong>Collateralised Rewards Obligation</strong>) a new term created by the WOWS team and made possible by using the SFTs.</p>



<p>This involves the ability to collect multiple stacked LP investment NFTs with a high risk but high rewards percentage and stable coin investments NFTs with a low risk (and slightly lower rewards percentage) &#8211; and spread a ratio of risk in one financial vehicle so there is more chance of higher profits since there is also a bigger buffer that serves as collateral.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1548" height="748" src="http://nfcms1/app/uploads/2021/05/wolves-of-wall-street-apy.jpg" alt="wolves of wall street apy" class="wp-image-4784" srcset="http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-apy.jpg 1548w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-apy-300x145.jpg 300w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-apy-1024x495.jpg 1024w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-apy-768x371.jpg 768w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-apy-1536x742.jpg 1536w" sizes="(max-width: 1548px) 100vw, 1548px" /></figure></div>



<p>This possibility of new ways to utilize SFTs in the financial sector has caught the attention of some influential people in the Financial sector namely <strong>Massimo Buonomo</strong> <strong>the Former UN Global expert in BlockchAIot</strong>, blockchain and a current advisor and consultant for international organizations, central banks and corporates, as well as financial institutions in Dubai.</p>



<p><strong>Other future use cases</strong>, already in the roadmap beyond the Lp staking and stable lending investment NFTs are clear:</p>



<ul><li>Being able to own a fraction of an NFT like real estate.</li><li>Using SFT as collateral for a loan.</li><li>Create a SaaS for artists who want to create C-Folios from their own work.</li><li>Automating Yield Farming with several protocols (such as Curve, Yearn.finance, etc.) to avoid the need to manually stake and unstake your funds.</li></ul>



<h2>Upcoming news and events for WOWS.</h2>



<p>The team are currently building up to their imminent launch of their stablecoin and <strong>LP staking C-folio dApp </strong>where the core features of the C-Folio will be revealed. The 2nd batch of 280 new C-Folios are available for purchase.</p>



<p><strong>As the first pre-sale sold out very quickly, it is important to remind those who are interested that it is necessary to pay in $WOWS to get in.</strong></p>



<p>To add a layer of security upstream, The Wolves of Wall Street made a partnership with <strong>COVER</strong> recently in order to be able <strong>to ensure the investments</strong>. Other partnerships are in the pipeline but it will be necessary to watch out for official announcements from the team.</p>



<p>The team have also announced a very important strategic partnership with <strong>NFY.finance</strong> and their owners <strong>MIMIR CORPORATION</strong>. MIMIR is fast positioning itself as a major player in the DeFi and blockchain scene, having just been announced as an official collaborative partner of the <strong>Geometric Space Corp</strong> and now infamous Dogecoin Cubesat Space X Launch in July 2022.</p>



<p>WOWS &amp; NFY will actively cross collaborate on new projects under the MIMIR brand. Cyotee and MIMIR Devs will help push through certain new features on the WOWS platform, whilst also working together with the WOWS team to <strong>create a shared token pool</strong> and <strong>other unique C-Folios will be created</strong> to represent the new team members of MIMIR.</p>



<p><strong>And of course the biggest event after the platform launch is the World&#8217;s First Global <a href="https://defiinvestmentsummit.com/" target="_blank" rel="noreferrer noopener">DeFi Summit</a> in Dubai on the 2-3rd of June</strong>, where the founders of WOWS tristan and Mateen will be presenting WOWS to affluent investors and mixing and meeting with many of the leaders in the blockchain sector.</p>



<h2>The Team Presentation</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1878" height="624" src="http://nfcms1/app/uploads/2021/05/wolves-of-wall-street-team.jpg" alt="wolves of wall street team" class="wp-image-4781" srcset="http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-team.jpg 1878w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-team-300x100.jpg 300w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-team-1024x340.jpg 1024w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-team-768x255.jpg 768w, http://nfcms1:80/app/uploads/2021/05/wolves-of-wall-street-team-1536x510.jpg 1536w" sizes="(max-width: 1878px) 100vw, 1878px" /></figure></div>



<p>Appearing in late 2020, The Wolves of Wall Street team <strong>does not hide behind anonymity</strong> and makes themselves known from the <a href="https://wolvesofwallstreet.medium.com/unleashing-the-wolves-ece415252ea5" target="_blank" rel="noreferrer noopener">first article</a> on their Medium page:</p>



<ul><li><strong>Tristan</strong> (<a href="https://twitter.com/TristanVert" target="_blank" rel="noreferrer noopener">@TristanVert</a>) &#8211; Lead Project Manager : Investor since 2017 in cryptos, he has experienced the worst and the best aspects of management related to ICOs. He has notably developed Dapp related to DeFI since such as: NFY.finance, XMM.momentum, and Yeld.io&nbsp;</li><li><strong>Markus </strong>(<a href="https://twitter.com/peak3d1" target="_blank" rel="noreferrer noopener">@peak3d1</a>) &#8211; Full Stack Developer : After 35 years in different positions as CTO or Lead of Innovation.</li><li><strong>Garret </strong>(<a href="https://twitter.com/eigendude1" target="_blank" rel="noreferrer noopener">@eigendude1</a>) &#8211; Lead Solidity Dev : formerly streaming engineering, embedded systems engineering and most recently climate tech engineering.</li><li><strong>Mateen </strong>(<a href="https://twitter.com/Mateen_OD" target="_blank" rel="noreferrer noopener">@Mateen_OD</a>) &#8211; Marketing Manager, experienced innovator, entrepreneur and product developer with working experience in the fields of entertainment, music, tourism and crypto.</li><li><strong>Danny </strong>(<a href="https://twitter.com/Danzel62598317" target="_blank" rel="noreferrer noopener">@Danzel62598317</a>) &#8211; Marketing manager (ASIA)</li></ul>



<p>Proud of their skill set and respective experiences, The Wolves of Wall Street puts themselves forward to show that “<strong>they have nothing to hide</strong>” in a Universe where the risks are very numerous.</p>



<p>DeFI is an <strong>extremely young environment</strong> and that is why the team wants to be <strong>reassuring and authentic</strong> about themselves and the implementation and <strong>security of their project.</strong></p>



<h2>A powerful DeFi tool</h2>



<p>Although it is mainly the NFT art sector that has been talked about since the beginning of the year, this use of semi-fungible tokens in such <strong>an innovative way</strong> is particularly interesting for all who operate in the Decentralized Finance sector.</p>



<p>By specializing in DeFI to offer increasingly powerful tools, The Wolves of Wall Street have managed to create <strong>a very powerful financial project in record time</strong>. Indeed, as we said above, such intensive use of Decentralized Finance is still very young in the crypto ecosystem, which tends to make investors wary.&nbsp;</p>



<p>But the Wolves of Wall Street are <strong>reaching out directly to experts</strong> to make it easier for traders to do create new opportunities in DeFi and <strong>for beginner investors</strong>, a visually led fun interactive process to make their first steps.</p>



<p><strong>It will be necessary to observe the results of various C-folios to form an opinion on their effectiveness and to make a choice according to their chosen strategy!</strong></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


An underestimated use of NFTs is their link with the world of DeFi (Decentralized Finance). A few projects exist but an effective balance between finance and the visual flora of the NFT world is sometimes difficult to find…This is something Wolves of Wall Street intends to solve!

The Wall Street that is built on NFTs & SFTs


<p>The NFT space has been booming, and, while most of the media&#8217;s attention might have been focused on big brands names and celebrities discovering this new technology, some projects were headed down building <strong>to deliver new features and use cases</strong>.</p>



<p><a href="https://www.aavegotchi.com/" target="_blank" rel="noreferrer noopener">Aavegotchi</a> is one such project that we have covered as being one of the most ambitious,&nbsp;forging its way forward in “<strong>gamifying DeFi</strong>”. Since instantly selling out the first batch of little pixelated ghosts during the first Haunt in early March, this blockchain game has already implemented some novel concepts:</p>



<ul><li>Rarity Farming: where Aavegotchi holders are awarded with $GHST depending on their ghost’s rarity and game involvement</li><li>NFT badges: empowering the most active community members with some unique insignia.</li></ul>



<p>However, <strong>this is only the very beginning of the Aavegotchi adventure</strong>. According to the project&#8217;s recently unveiled roadmap, there is much more to come!</p>



<h2><strong>Rarity Farming</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="952" height="620" src="http://nfcms1/app/uploads/2021/05/aavegotchi-rarity-farming.png" alt="aavegotchi rarity farming" class="wp-image-4733" srcset="http://nfcms1:80/app/uploads/2021/05/aavegotchi-rarity-farming.png 952w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-rarity-farming-300x195.png 300w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-rarity-farming-768x500.png 768w" sizes="(max-width: 952px) 100vw, 952px" /></figure></div>



<p>Rarity Farming, whose first season started on April 20, is a massive play-to-play that rewards Aavegotchi holders in three categories:</p>



<ul><li>Kinship</li><li>XP</li><li>Rarity Score</li></ul>



<p>The higher in the leaderboard the Aavegotchi, the better the reward! In addition, due (or thanks) to the postponement of Haunt 2, therefore only 10,000 Aavegotchi were eligible to participate in the first <a href="https://aavegotchi.medium.com/aavegotchi-rarity-farming-season-1-rewards-finalized-2db81e9f66e8" target="_blank" rel="noreferrer noopener">Rarity Farming event</a> event.&nbsp;</p>



<p>The total prize pool for the first season is 1.4MM $GHST, and the rewards are paid at the end of each round (there are four rounds for this season).<br><br>As the first round came to a close last week, 350,000 $GHST was distributed to the top-5000 Aavegotchis from each category. Given that there are less than 6500 Gotchis summoned in total, <strong>the vast majority of Gotchis were eligible for a reward!</strong><br><br>The rarest and most experienced ghost was able to collect over 24,583 GHST ( or ~ $38,955 at the time) — but <strong>we wouldn’t expect less from a Gotchi called Winklevoss</strong>.</p>



<p>Another highlight from the first round is a Gotchi named FELON, who took third place in rarity ranking after equipping their best attire just minutes before the snapshot was taken, shocking many of his rivals. He then immediately disappeared after the snapshot, returning to the shadows.</p>



<h2><strong>Pocket wallet and more features to come</strong></h2>



<p>To be able to collect the Rarity Farming rewards as smoothly as possible, the team behind Aavegotchi have developed several tools, one of which is the “pocket wallet”. This wallet is a bit special because… <a href="https://aavegotchi.medium.com/the-first-nft-wallet-on-polygon-is-aavegotchi-b24cac01a1d9" target="_blank" rel="noreferrer noopener">it makes Aavegotchis wallets themselves!</a></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1600" height="855" src="http://nfcms1/app/uploads/2021/05/aavegotchi-pocket.png" alt="aavegotchi pocket" class="wp-image-4732" srcset="http://nfcms1:80/app/uploads/2021/05/aavegotchi-pocket.png 1600w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-pocket-300x160.png 300w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-pocket-1024x547.png 1024w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-pocket-768x410.png 768w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-pocket-1536x821.png 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /></figure></div>



<p>Rather than receiving the $GHST from Rarity Farming directly into its metamask wallet,<strong> the rewards went straight to Aavegotchi&#8217;s pockets</strong>. Thanks to this new way of distributing assets, we can say that this is the first time on the Polygon network that <strong>an NFT also serves as a wallet!</strong></p>



<p>Knowing that the Gotchi pockets were already used to keep their NFT wearables, all that was missing was fungible assets to complete their usefulness as a true decentralized companion for players.</p>



<p>This milestone is just one example of the upcoming features to make this game <strong>even richer than it already is</strong>. With the unveiling of the <a href="https://aavegotchi.medium.com/aavegotchi-development-roadmap-v2-15820dcf84de" target="_blank" rel="noreferrer noopener">V2 roadmap</a>, many more things were announced, here is a summary of the features we expect the most:</p>



<h3><strong>Phase 1 (Q2-Q4 2021)</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2021/05/aavegotchi-roadmap-phase-1.jpg" alt="aavegotchi roadmap phase 1" class="wp-image-4729" srcset="http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-1.jpg 1200w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-1-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-1-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-1-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<ul><li>Polygon to Ethereum NFT Bridges</li><li>NFT ‘Aauctions’</li><li>Haunt 2 (planned)</li><li>Aavegotchi ‘Aarcade’ Mini-game hub</li><li>REALM Gotchiverse Alpha Launch</li></ul>



<h3><strong>Phase 2 (Q1 2022 &#8211; Q4 2023)</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2021/05/aavegotchi-roadmap-phase-2.jpg" alt="aavegotchi roadmap phase 2" class="wp-image-4730" srcset="http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-2.jpg 1200w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-2-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-2-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-2-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<ul><li>Aavegotchi Mobile App alpha launch</li><li>REALM Public Land Sales</li><li>More Haunts (planned)</li></ul>



<h3><strong>Phase 3 (Q1 2024 and beyond)</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2021/05/aavegotchi-roadmap-phase-3.jpg" alt="aavegotchi roadmap phase 3" class="wp-image-4731" srcset="http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-3.jpg 1200w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-3-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-3-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/05/aavegotchi-roadmap-phase-3-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<ul><li>REALM Public Land Sales</li><li>Aavegotchi Minigame Builder</li><li>Aavegotchi Hardware Wallet</li></ul>



<p>As it is difficult to be completely precise over such a long time scale, so these dates may alter but if so the teams will make the necessary announcements to warn everyone.</p>



<h2><strong>Boosting the NFT industry at large</strong></h2>



<p>In just under a few months, Aavegotchi has been able to demonstrate creativity, responsiveness and resilience via various updates, sometimes planned, sometimes voted by the DAO. Little by little, the game continues to evolve and the community starts delivering additional content such as mini-games that help earn extra XP for the Gotchis.</p>



<p>The announcements made during the Roadmap V2 unveiling event are a good reminder that despite amassing a very active community in a matter of months, the game itself is at the very early stages of development.</p>



<p><strong>Considering the attentiveness with which the Aavegotchi ecosystem is being built, it seems that once the “Gotchiverse” is out, the NFT industry will see even more financial opportunities and technical features that might eventually become mainstream.</strong></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


From on-chain metaverse construction to bi-weekly payouts, here’s what Aavegotchi has been up to since mainnet launch

New Aavegotchi Roadmap reveals bright on-chain future


<p>After a particularly successful first portal haunt (everything sold out in less than 2 minutes), the time has come to take stock of this first Haunt as well as the various sales made on <a href="https://aavegotchi.com/" target="_blank" rel="noreferrer noopener">Aavegotchi</a>’s secondary market.</p>



<p>Don&#8217;t know what a Haunt or an Aavegotchi is? Do not hesitate to (re-)<a href="https://nonfungible.com/news/defi/aavegotchi-the-missing-link-between-nft-and-gaming">read the article we wrote</a> on the subject where we detail all the fundamental aspects of <strong>this game mixing NFT x DeFI</strong>!</p>



<p>For months, everything has been designed so that this first Haunt delivers 10,000 portals and with a hype having reached an unprecedented level, <strong>more than 25,000 users</strong> connected to the site at the same time! Many users who were waiting for their digital ghost were therefore disappointed and the influx was such that even some core team members did not succeed in getting any portals!</p>



<p>While the <a href="https://snapshot.org/#/aavegotchi.eth" target="_blank" rel="noreferrer noopener">AavegotchiDAO</a> is discussing a potential second Haunt, let&#8217;s take a closer look at the activity of the <a href="https://aavegotchi.com/baazaar" target="_blank" rel="noreferrer noopener">Baazaar</a>, <strong>Aavegotchi&#8217;s secondary market!</strong></p>



<h2>An already very active secondary market</h2>



<p>As soon as the Haunt 1 began, the Aavegotchi Baazaar immediately turned into one of the <strong>most important and fun features</strong> of the game. Exploring the various portals, wearables and Aavegotchis has become an addicting past time for many.</p>



<p>In just over two weeks, the Baazaar volume has <strong>exceeded 7.8 million $GHST (currently worth around 12M USD) </strong>as players trade everything from wizard hats and trait boosting potions to unopened portals and waifu pillows.&nbsp;</p>



<p>Indeed, haggling can go a long way — especially when it&#8217;s gas-free and powered by Polygon, the L2 solution Pixelcraft Studios chose to launch Aavegotchi on.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/aavegotchi-top-10.png" alt="" class="wp-image-3754" width="580" height="401" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-top-10.png 1536w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-top-10-300x207.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-top-10-1024x708.png 1024w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-top-10-768x531.png 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>To illustrate the magnitude of the demand the Baazaar is experiencing, here are the top ten biggest sellers so far:</p>



<h3>1 &#8211; Portal #1 &#8211; 75000 $GHST</h3>



<p>Owning the first portal from the first haunt is much like owning the Genesis tweet, and can be worth a lot more in the future as the Aavegotchi realm unfolds. Just remember that <strong>there is Portal #0 out there too</strong>, currently listed in the Baazaar for 500,000 $GHST ?.</p>



<h3>2 &#8211; Godlike Stani Hair &#8211; 70000 $GHST</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1280" height="247" src="http://nfcms1/app/uploads/2021/03/aavegotchi-stani-hair.png" alt="aavegotchi stani hair" class="wp-image-3745" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-stani-hair.png 1280w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-stani-hair-300x58.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-stani-hair-1024x198.png 1024w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-stani-hair-768x148.png 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></figure></div>



<p>There are only five wearables dedicated to <strong>Aave founder Stani Kulchov’s </strong>well-groomed mop and one of them just went for $107,000 USD value at time of sale on March 20th!&nbsp;</p>



<p>This marks a new all time high for any wearable item in the Aavegotchi universe. The Stani Hair item <strong>boosts Brain Size by 3 points</strong> and <strong>chills your gotchi with -3 Aggression</strong>. On top of these individual trait boosters, all Godlike rarities offer an additional +50 to the Aavegotchi’s Base Rarity Score (BRS).</p>



<h3>3 &#8211; Portal #2 &#8211; 60000 $GHST</h3>



<p>We imagine it felt similar to buying Portal #1, but with a nice discount. Super OG vibes all around.</p>



<h3>4 &#8211; Godlike Wizard Hat &#8211; 55000 $GHST</h3>



<h3>5 &#8211; Godlike Wizard Hat &#8211; 38000 $GHST</h3>



<p>There is a <strong>sizable gap</strong> between the fourth and fifth biggest sellers, although they represent the same wearable (but different copies, as proven by the blockchain) &#8211; a prime example of the power of bargaining (and timing) on a secondary market.</p>



<p><strong>Only five of this Godlike version of the classic Wizard Hat</strong> exist and each offers powerful trait boosters. Equipping one grants your Aavegotchi <strong>+2 Spookiness</strong> and <strong>+4 Brain Size</strong>. Simply put, these are the best Wizard hats a gotchi can wear.</p>



<h3>6 &#8211; Aavegotchi: Big Bang (ID: 67) &#8211; 45000 $GHST</h3>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/aavegotchi-big-bang.png" alt="aavegotchi big bang" class="wp-image-3740" width="580" height="399" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-big-bang.png 804w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-big-bang-300x207.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-big-bang-768x529.png 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>The new twitter bot (<a href="https://twitter.com/GotchiBot" target="_blank" rel="noreferrer noopener">@gotchibot</a>) is an amazing resource for following r<strong>eal-time trading of Aavegotchis</strong> (not wearables and portals yet). This weekend, the twitter handle broke the news of a new all-time high selling Aavegotchi named <strong>BIG BANG</strong>. Other than a great name, it’s stats reveal more insights into why this Aavegotchi just sold for 45,000 $GHST!</p>



<p>Traits range from 0-100 and this gotchi loves the high 90’s with <strong>near perfect eye shape</strong> (TUSD themed) and based aggression scores. This is enough to lock in a <strong>569 Base Rarity Score </strong>and its additional wearables are currently resulting in a <strong>very impressive 583 Rarity Score</strong>.&nbsp;</p>



<h3>7 &#8211; Aavegotchi: Unicron (ID 8062) &#8211; 35000 $GHST</h3>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/aavegotchi-uni.png" alt="aavegotchi uni" class="wp-image-3747" width="580" height="415" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-uni.png 1043w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-uni-300x215.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-uni-1024x733.png 1024w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-uni-768x550.png 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p><strong>Unicron</strong> (assumedly named with a nod to Transformers and Uniswap at the same time) is currently wielding a pickaxe while casually holding a cozy coconut drink in the other hand. It’s personality traits reveal a very cuddly spookiness rating that is balanced by high aggression at the same time! Also, those 99 mythical eyes on a <strong>UNI-staked Gotchi</strong> are indeed priceless.&nbsp;&nbsp;</p>



<h3>8 &#8211; Llamacorn T-shirt&nbsp; &#8211; 34000 $GHST</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1088" height="87" src="http://nfcms1/app/uploads/2021/03/aavegotchi-llamacorn-shirt.png" alt="aavegotchi llamacorn shirt" class="wp-image-3743" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-llamacorn-shirt.png 1088w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-llamacorn-shirt-300x24.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-llamacorn-shirt-1024x82.png 1024w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-llamacorn-shirt-768x61.png 768w" sizes="(max-width: 1088px) 100vw, 1088px" /></figure></div>



<p>Inspired by <strong>the one and only Vitalik</strong> and his knack distinct fashion, this is one of only five Llamacorn t-shirts existing in the Aavegotchi metaverse. A real-life version of Vitalik’s signature t-shirt might go for even more, but how would you know whether it is really his if it’s not on the blockchain?&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/aavegotchi-dynamic-onchain-data.png" alt="aavegotchi dynamic onchain data" class="wp-image-3742" width="580" height="352" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-dynamic-onchain-data.png 1152w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-dynamic-onchain-data-300x182.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-dynamic-onchain-data-1024x622.png 1024w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-dynamic-onchain-data-768x467.png 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>This body type wearable can be equipped to help move your Aavegotchi’s Energy and Aggression traits further along the left side of the personality bell curve. If your gotchi is ready to to get zenned out, Llamacorn is the shirt!</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1476" height="426" src="http://nfcms1/app/uploads/2021/03/aavegotchi-comparaison.png" alt="aavegotchi comparaison" class="wp-image-3741" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-comparaison.png 1476w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-comparaison-300x87.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-comparaison-1024x296.png 1024w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-comparaison-768x222.png 768w" sizes="(max-width: 1476px) 100vw, 1476px" /></figure></div>



<h3>9 &#8211; Aavegotchi: YFI (ID 1306) &#8211; 32000 $GHST</h3>



<p>Tying for ninth and tenth are two Gotchis with roughly the same BRS. The first here is “YFI” It needs some clothes but is boasting an impressive base of 567. <strong>Get this YFI-staked Aavegotchi a few wearables </strong>and watch it climb the charts!</p>



<h3>10 &#8211; Aavegotchi: THE WEEKND (ID 2348) &#8211; 32000 $GHST</h3>



<p>“The Weeknd” is currently placed in the top-20 of kinships with a “Chummy” 78 kinship score. Someone is getting pet everyday! What’s more, it has clearly established itself as the gotchi with the <strong>best array of equipped wearables</strong> on today’s list.</p>



<h2>Aavegotchi NFTs farm $GHST tokens</h2>



<p>Aavegotchis and their various NFT game items are <strong>100% on-chain collectible</strong> art but they are also full of competitive gaming utility. All the traits and rarity scores described above play a role in the soon to launch first season of Rarity Farming. This is a game of rarity that looks at all the available on-chain metadata <strong>to determine which gotchis are the rarest, happiest and most active</strong>. A massive 1.4 Million $GHST tokens are already secured (40% of the launch drop sales total) in a rewards pool for the first season, starting on <strong>April 20th, 2021!</strong></p>



<p>By virtue of existing, <strong>all Aavegotchis will automatically be entered</strong> into this first season of Rarity Farming. For your part, you want to help your gotchis climb three different leaderboards that measure different aspects of each Aavegotchi and reward them with GHST in kind:</p>



<ol><li>Rarity Score</li><li>Kinship Score</li><li>XP Score</li></ol>



<p>The rarity leaderboard looks at your Aavegotchi + any equipped wearables to determine where your gotchi ranks amongst its peers. <strong>You want to achieve as high of a rarity score as possible.</strong></p>



<p>Kinship simply looks at the top kinship scores across all Aavegotchis and ranks accordingly. Boost this by interacting with your Aavegotchi once every 12 hours. <strong>Pet it, change it’s clothes or whatever you like</strong> because each on-chain interaction is affordable thanks to Aavegotchi deploying onto Ethereum’s layer 2 solution Polygon (formerly known as Matic Network).</p>



<p>XP is earned through <strong>community engagement</strong>. By voting in the DAO’s core proposals or attending sanctioned virtual events in the Discord or elsewhere, your Aavegotchi becomes eligible to earn XP and level up.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="763" height="421" src="http://nfcms1/app/uploads/2021/03/aavegotchi-rarity-farming.png" alt="aavegotchi rarity farming" class="wp-image-3744" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-rarity-farming.png 763w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-rarity-farming-300x166.png 300w" sizes="(max-width: 763px) 100vw, 763px" /></figure></div>



<p>The first season is distributing the entirety of the 1.4 Million $GHST over an 8 week period. <strong>Every two weeks an on-chain snapshot occurs</strong> to see where your Aavegotchi ranks on the charts. Payouts follow each round and a final bonus round is being funded to the tune of 50,000 $GHST by the core dev team Pixelcraft Studios. These additional $GHST will be awarded to the <strong>Aavegotchis that performed best </strong>on a cumulative basis across all four rounds!</p>



<p>The highest earning Aavegotchis stand to harvest <strong>tens of thousands of dollars worth of $GHST</strong> while the distribution curve also offers a long tail of rewards so that the top 5000 Aavegotchis (nearly all currently summoned gotchis!) can enjoy farming across each of the three categories.&nbsp;</p>



<p>Basically, if you have an Aavegotchi and are putting in some basic effort to engage with it, you can expect a clean shot at farming rarity this April!</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1600" height="562" src="http://nfcms1/app/uploads/2021/03/aavegotchi-wearables-set.png" alt="aavegotchi wearables set" class="wp-image-3748" srcset="http://nfcms1:80/app/uploads/2021/03/aavegotchi-wearables-set.png 1600w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-wearables-set-300x105.png 300w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-wearables-set-1024x360.png 1024w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-wearables-set-768x270.png 768w, http://nfcms1:80/app/uploads/2021/03/aavegotchi-wearables-set-1536x540.png 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /></figure></div>



<p>The best resource for preparing is the community maintained wiki: <a href="https://wiki.aavegotchi.com" target="_blank" rel="noreferrer noopener">wiki.aavegotchi.com</a> and more specifically, be sure to check out <a href="https://wiki.aavegotchi.com/en/wearables" target="_blank" rel="noreferrer noopener">the master list of all wearables</a> and <strong>their various trait boosting effects</strong>!&nbsp;</p>



<p>The top ten sales in the Baazaar will likely continue to shift a lot as Rarity Farming kicks into effect. <strong>Expect new wearables and more Aavegotchi</strong> to populate our world soon enough. We can’t wait to see what comes next!</p>



<h2>Getting started with Aavegotchi</h2>



<p>Aavegotchis are on-chain collectible ghosts staked with <strong>Aave’s interest-generating aTokens </strong>(known as maTokens on layer 2).</p>



<p>Compete for player rewards by earning XP, leveling up, and increasing the rarity of your Aavegotchi fren. Aavegotchi is governed by the <strong>AavegotchiDAO</strong> via the native eco-governance token $GHST. Summon your first Aavegotchi and join the future of DeFi-staked NFT avatars!</p>



<p>Explore the Baazaar and play now at <a href="https://aavegotchi.com/" target="_blank" rel="noreferrer noopener">Aavegotchi.com</a></p>



<p>Join the conversation at <a href="https://discord.com/invite/aavegotchi" target="_blank" rel="noreferrer noopener">Aavegotchi Discord </a>or <a href="https://t.me/aavegotchi" target="_blank" rel="noreferrer noopener">Telegram</a></p>



<h2>Conclusion</h2>



<p>Thanks to its Polygon (formerly Matic) roots, anyone can enjoy this blockchain game without worrying about the fees. However, we must not forget that Aavegotchi is still only at its launch and that even if the expectations surrounding the game are high, <strong>the project will continue to solidify over time</strong>.</p>



<p>This top 10 of the best sellers is only the submerged part of the iceberg of the secondary market, it should also be remembered that the <strong>Maall</strong> (primary market for accessories) is currently sold out and that all of the items are being exchanged today in the Baazaar! The community is strongly encouraged to participate in discussions on the forum or the project Discord in order to best define the future of Aavegotchi. </p>



<p><strong>This first haunt was only the launching stage and there is still a lot to build in this new emerging multiverse!</strong></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


Aavegotchi’s dedicated NFT marketplace sees over 11 Million USD worth of volume in the first two weeks.

The top 10 biggest sales in the Aavegotchi Baazaar


<p>One of the concepts emerging in the world of NFTs is “<strong>DeFi Gamification</strong>”. These terms refer to the art of making the sometimes complex mechanisms of <strong>Liquidity Mining</strong> and <strong>Yield Farming</strong> playful, an exercise that many projects have been attempting since 2020.</p>



<p>In October 2020, we spoke<a href="https://nonfungible.com/news/defi/the-troubled-marriage-between-nfts-and-defi" target="_blank" rel="noreferrer noopener"> in an article about this alliance</a> being formed between these two universes but at that time the bond still seemed very new. Among the projects that have succeeded in building a community around the potential of NFT x DeFi applications is Aavegotchi.</p>



<p>With the project’s launch in its final stages, it’s the right time to examine the goals <a href="https://www.aavegotchi.com/" target="_blank" rel="noreferrer noopener">Aavegotchi</a> is working to achieve and take a closer look at some of their most innovative features.</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/02/aavegotchi-meme.png" alt="aavegotchi meme" class="wp-image-3364" width="439" height="510" srcset="http://nfcms1:80/app/uploads/2021/02/aavegotchi-meme.png 439w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-meme-258x300.png 258w" sizes="(max-width: 439px) 100vw, 439px" /></figure></div>



<h2>Presentation of Aavegotchi</h2>



<p>Aavegotchi was announced in July 2020 with a simple concept: <strong>players can use NFTs and mine various cryptos</strong> from <a href="https://aave.com/" target="_blank" rel="noreferrer noopener">Aave Technology</a>. In fact, Aave enables you to have your own tokens whose price is indexed to the original token. For example, a $aDAI has the same characteristics as the $DAI but grows in quantity inside a hodler’s wallet. This is extremely intuitive and only possible because of the yield generated by depositing $DAI on the Aave platform. The Aavegotchi team recognized the potential of staking Aave’s “aTokens” into collectible NFTs and began to build out what has become the incredibly well-layered Aavegotchi experience. </p>



<p>Pixelcraft Studios was formed to build out the central features of Aavegotchi. Their core members include:&nbsp;</p>



<ul><li><strong>Coder Dan</strong>: Known for leading the development of the <a href="https://bullionix.io/" target="_blank" rel="noreferrer noopener">Bullionix</a> marketplace, he also is the brainchild behind Yield Hero,&nbsp; a Dapp that enables users to redirect their yield toward anyone they wish to support..</li><li><strong>Jesse, AKA GldnXross</strong>: An NFT space OG who helped co-found <a href="https://mintable.app/" target="_blank" rel="noreferrer noopener">Mintable.app</a> before going on to team up with Coder Dan to realize his vision for Bullionix, the first ERC721 NFTs staked with ERC20 collateral.&nbsp;</li><li><strong>Xavier Iturralde aka Xibot</strong>: One of the first Crypto Artists to issue a social token, $PIXEL, to buy his works. His pixel art and collaborations in the NFT crypto art space are extensive.</li><li><strong>Nick Mudge</strong>: Co-author of ERC998 which allows in particular to &#8220;link&#8221; a parent NFT to a child NFT.His Diamond Standard is currently gaining significant adoption across the Ethereum space. This standard enables upgradeable contracts while still maintaining best practices.&nbsp;</li><li><strong>JC Crown</strong>: The community lead and thought leader who has been extremely active in the Bitcoin conversation since the earliest of days.</li></ul>



<p>This group, mixing both NFT and DeFI skills, quickly put their ambitions into action, starting with the grassroots: The Community.</p>



<p>The reward for having completed all of Aavegotchi&#8217;s promotional quests were <strong>NFTs for customizing your Aavegotchi</strong> and the game quickly became known to collectors and the crypto curious alike!<br>Each of their Discord’s quests linked to steps for the participant to follow which helped them understand the project in its entirety, some of them required writing a blog post and others ranged from getting your first $GHST to <strong>spawning portals</strong> on the projects testnet.</p>



<p>Newcomers to the project just have to reread the missions to be as well informed as early adopters and if there are any issues, <strong>there is always someone to answer questions on their Discord.</strong></p>



<h2><strong>First steps: participate in the economy</strong></h2>



<p>Before being able to obtain an Aavegotchi, <strong>several steps are necessary for the economic equilibrium</strong> of the project to be achieved. The first of these is to get $GHST which is the only way to buy a portal. GHST is also the AavegotchiDAO’s governance token and can even be staked to obtain NFTs which will be used to personalize your Aavogotchi.</p>



<h3><strong>$GHST : Utility token and yield farming</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="863" height="869" src="http://nfcms1/app/uploads/2021/02/aavegotchi-farmer.png" alt="aavegotchi farmer" class="wp-image-3361" srcset="http://nfcms1:80/app/uploads/2021/02/aavegotchi-farmer.png 863w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-farmer-298x300.png 298w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-farmer-150x150.png 150w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-farmer-768x773.png 768w" sizes="(max-width: 863px) 100vw, 863px" /></figure></div>



<p>$GHST are the utility tokens of the project. You can get $GHST through Uniswap or directly from the site after performing KYC, the price and supply is fixed on a <strong>Bonding Curve</strong>, providing the basis of their DAICO (DAO+ICO) token distribution model.&nbsp;</p>



<p>Their primary role is purchase portals allowing you to obtain Aavegotchi, but they also have another use: <strong>they can be staked to generate $FRENS</strong>, the tokens which enable wearables for your Aavegotchi.</p>



<p>To obtain wearables and personalize your Aavegotchi, it will be necessary to stack $GHST to obtain $FRENS. There are two methods to achieve this:</p>



<p><strong>Method 1</strong>: By storing $GHST directly from the site, the reward is at the ratio of 1 $GHST = 1 $FRENS / per day.</p>



<p><strong>Method 2</strong>: From Uniswap or Quickswap on MATIC, the reward is 14 $FRENS / per day but the method is a little more complicated than simply staking your $GHST.</p>



<p>You will be asked to participate in a liquidity pool that requires staking an equal value in $GHST and $ETH (or $QUICK) to obtain a new ‘LP’ token, meaning <strong>Liquidity Provider</strong>. Depending on the percentage of what your investment in the pool represents, this will define the number of LP tokens obtained. The reward of 14 $FRENS / per day is set on a basis of 1 LP GHST-ETH or GHST-QUICK, <strong>the reward will be allocated depending on the number of LPs you hold</strong>.&nbsp;</p>



<p>The name of this method is ‘<strong>Yield Farming</strong>’: by participating in the liquidity of a project you receive rewards associated with the LP token.</p>



<h3><strong>$FRENS: Raffle tickets</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1210" height="228" src="http://nfcms1/app/uploads/2021/02/aavegotchi-wearables.jpg" alt="aavegotchi wearables" class="wp-image-3367" srcset="http://nfcms1:80/app/uploads/2021/02/aavegotchi-wearables.jpg 1210w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-wearables-300x57.jpg 300w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-wearables-1024x193.jpg 1024w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-wearables-768x145.jpg 768w" sizes="(max-width: 1210px) 100vw, 1210px" /></figure></div>



<p>$FRENS cannot be bought or traded, the only way to get it is by one of the methods listed above.</p>



<p>They have only one purpose, buying tickets which offers the possibility of <strong>obtaining wearables of different rarities</strong>. To ensure greater fairness, the quantity of tickets purchased will give the best chance of getting the price you want, but does not necessarily mean getting something!</p>



<p>Personalizing your Aavegotchi is not just for fashion, <strong>wearables also have other uses</strong>.</p>



<h2><strong>Aavegotchi: decentralized tamagotchis</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1168" height="742" src="http://nfcms1/app/uploads/2021/02/aavegotchi-birth.jpg" alt="aavegotchi birth" class="wp-image-3360" srcset="http://nfcms1:80/app/uploads/2021/02/aavegotchi-birth.jpg 1168w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-birth-300x191.jpg 300w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-birth-1024x651.jpg 1024w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-birth-768x488.jpg 768w" sizes="(max-width: 1168px) 100vw, 1168px" /></figure></div>



<p>One of the great strengths of Aavegotchis is <strong>the balance sought by the team between farming and gaming</strong>. To achieve this the community&#8217;s opinion is regularly asked for but it’s also important to see how the team has thought out and considered what constitutes <strong>the value of an Aavegotchi</strong>.</p>



<h3><strong>Characteristics / Traits</strong></h3>



<p>Each Aavegotchi is an NFT which has its own <a href="https://wiki.aavegotchi.com/en/traits" target="_blank" rel="noreferrer noopener">characteristics</a>. These different character traits also determine a rarity score.</p>



<p>Six in number, the characteristics are as follows:</p>



<ul><li><strong>AGG</strong> = Aggressiveness</li><li><strong>NRG</strong> = Energy</li><li><strong>SPK</strong> = Spookiness</li><li><strong>BRN</strong> = Brain Size</li><li><strong>EYS</strong> = Eye Shape</li><li><strong>EYC</strong> = Eye Color</li></ul>



<p>Apart from the color and shape of the eyes, it will be possible to <strong>modify the characteristics</strong> of the Aavegotchi thanks to experience acquired when playing the mini-games, using consumables or to make them wear certain wearables.</p>



<p>These characteristics <strong>will be taken into account</strong> in particular during the Aavegotchi mini-games offered in the Realm. For Instance more BRN will be better in a meditation game while an important characteristic in NRG makes it more suitable for a running game.</p>



<p>In addition to these different traits, another characteristic should be taken into account: <strong>belonging to Aavegotchi has its own collateral</strong> and as we mentioned above they are also used to mine, but in what way?</p>



<h3><strong>Opening the portals</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/02/aavegotchi-portals.gif" alt="aavegotchi portals" class="wp-image-3366" width="580" height="580"/></figure></div>



<p>After <a href="https://wiki.aavegotchi.com/en/portals" target="_blank" rel="noreferrer noopener">opening the portal</a>, the little ghost will randomly take on the colors of $DAI, $LINK, $USDC, $USDT or other Cryptos. <strong>But for it to be truly yours, it will be necessary to hold the Aave collateral associated with the Crypto to finalize the invocation</strong>.</p>



<p>For example, after opening a portal, an Aavegotchi in the colors of the $DAI appears. Depending on its scarcity level, a greater or lesser amount of $aDAI will be required for it to start being used&#8230;and in the process generate interest in $aDAI!</p>



<p>This method of using a token (fungible or not) to earn interest on it is <strong>Liquidity Mining</strong>. Regarding Aavegotchi, the collateral contained in these NFTs are transferable to a new owner in the event of sale!</p>



<h3><strong>Kinship</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1164" height="494" src="http://nfcms1/app/uploads/2021/02/aavegotchi-kinship.png" alt="aavegotchi kinship" class="wp-image-3363" srcset="http://nfcms1:80/app/uploads/2021/02/aavegotchi-kinship.png 1164w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-kinship-300x127.png 300w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-kinship-1024x435.png 1024w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-kinship-768x326.png 768w" sizes="(max-width: 1164px) 100vw, 1164px" /></figure></div>



<p>Another important element is the continuation of the <strong>tamagotchi concept</strong> which consists of having to take care of your Aavegotchi regularly. Infact, each has a <strong>Kinship</strong> level that represents their <strong>loyalty</strong> to you.&nbsp;</p>



<p>This Kinship level will determine boost levels and can be maintained by different methods:</p>



<ul><li>Aavegotchis love to vote. Bring them to City Hall and let it <strong>vote in AavegotchiDAO</strong>;</li><li>Aavegotchis love to eat! <strong>Feed your Aavegotchi consumables</strong> to see its spooky smile;</li><li>Aavegotchis love fashion. Equip your Aavegotchi with <strong>new wearables</strong> to forge a lasting bond;</li><li>Aavegotchis love to play! Take your Aavegotchi out for a romp in the Aavegotchi Realm metaverse and <strong>level it up playing mini-games</strong>.</li></ul>



<p>There is currently no penalty for neglect, but <strong>the more you take care of your Aavegotchi the better it will adore you.</strong>.</p>



<h3><strong>Rarity Farming&nbsp;</strong></h3>



<p>There is another benefit in taking care of your Aavegotchi, that of <a href="https://wiki.aavegotchi.com/en/rarity-farming" target="_blank" rel="noreferrer noopener">increasing its rarity</a>! Your choice of Aavegotchi when summoning, quests, or suitable wearables, will have a direct impact on the rarity of your little ghost. This level of rarity is called the Base Rarity score.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="924" height="924" src="http://nfcms1/app/uploads/2021/02/aavegotchi-karting.png" alt="aavegotchi karting" class="wp-image-3362" srcset="http://nfcms1:80/app/uploads/2021/02/aavegotchi-karting.png 924w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-karting-300x300.png 300w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-karting-150x150.png 150w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-karting-768x768.png 768w" sizes="(max-width: 924px) 100vw, 924px" /></figure></div>



<p>But there is a <strong>second scarcity score</strong>, which is much more dynamic than the first. Called the <strong>Final Rarity</strong> score, this is calculated based on the number of Aavegotchi in the ecosystem with the same specializations as yours.</p>



<p>If all players focus on meditative ghosts and improve the Brain Size characteristic, it will actually become less rare and lower the final rarity score of Aavegotchi with that same specialization.</p>



<p><strong>There is therefore an entire strategic stake in having a well trained Aavegotchi</strong> but also keeping an eye on the others to be sure that yours remains very unique!</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="861" height="331" src="http://nfcms1/app/uploads/2021/02/aavegotchi-metaverse.png" alt="aavegotchi metaverse" class="wp-image-3365" srcset="http://nfcms1:80/app/uploads/2021/02/aavegotchi-metaverse.png 861w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-metaverse-300x115.png 300w, http://nfcms1:80/app/uploads/2021/02/aavegotchi-metaverse-768x295.png 768w" sizes="(max-width: 861px) 100vw, 861px" /></figure></div>



<h2><strong>Aavegotchi is building a whole universe</strong></h2>



<p>Usually, projects that combine DeFi and NFTs are more focused on the financial aspect, providing little value to the overall ecosystem. Although more and more projects are emphasizing the playful side of ‘DeFi Gamification’ for the sole purpose of generating liquidity, <strong>Aavegotchi is creating a much more complete Universe</strong>.</p>



<p>Indeed, the emphasis here is not on the DeFi aspect which is made accessible to anyone but rather on <strong>the importance of the Aavegotchi traits</strong>. This brings a strategic dimension to adopt before buying wearables or blindly investing in all of Aave&#8217;s collateral.</p>



<p>These initiatives which tend to provide <strong>a real use case for NFTs x DeFi</strong> could be reused subsequently, for example in metaverses to bring the concept of ‘Play to Earn’ on to another level!</p>



<p>This requires an excellent knowledge of the economic balance between the available liquidity and rewards for the players, but it seems that Aavegotchi has understood this well and has proposed a project with a long-term vision rather than quick and risky profits.</p>



<p>The launch date for the first generation of <a href="https://www.aavegotchi.com/" target="_blank" rel="noreferrer noopener">Aavegotchis</a> is expected to be announced any day now. It will be very interesting to follow and see how the 100% on-chain Aavegotchis continue to evolve! </p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


As NFTs are increasingly used in the DeFI environment, Aavegotchi has managed to create their own Universe with a strong community since the start. What exactly does this all-pixel ghost bring to the world of NFTs and more generally, Cryptocurrencies?

Aavegotchi: the missing link between NFTs and Gaming ?


<p>The esports sector has experienced strong growth around the world during the past decade, with the sector becoming worth more than a billion dollars in 2021. One ongoing issue is the revenue that is generated by this industry suffers unfair distribution. A very large part is recovered by sponsors while gaming streamers get the smallest part of the cake and on the other hand the fan community doesn&#8217;t get anything at all.</p>



<p>Can NFTs change that? This is what Heroez wants to do by proposing a new way to create community around esports.</p>



<h2>Who is behind Heroez?</h2>



<p><a href="https://heroez.gg/" target="_blank" rel="noreferrer noopener">Heroez</a> wants to place players and especially their community at the center of their project. The founders come from the world of gaming and so can better identify and respond to the problems of the gamers universe. The team is composed of:</p>



<ul><li>General Manager : Remy Bompar</li><li>CMO : Loïc Bompar</li><li>Art Director : Theo Nicolas</li><li>CTO : Nicolas Senecal</li><li>COO : Black Sheep</li></ul>



<p>To be able to support them in this project, Heroez made several partnerships with The Sandbox, Polygon Studio and Gamerhash, to provide external advice with a team of eight advisors who will also be present.</p>



<h2>What is the Heroez Project?</h2>



<p>The project was born in June 2022 and has several objectives. The first of these is to decentralize the governance of esports teams through a collection of 3000 NFTs. These NFTs will make it possible to vote on the choices that relate to the strategies and direction the team will take in the future. Because that&#8217;s the first thing Heroez is all about: <a href="https://heroez.notion.site/heroez/Heroez-reshaping-esport-with-a-web3-native-club-81c4f86484d14f21948f6793b2308903" target="_blank" rel="noreferrer noopener">federating esports teams under the banner of &#8220;Web3&#8221;</a>, all with a governance that is looking to be as horizontal as possible.</p>



<p>One of Heroez&#8217;s other goals is to highlight the value that fans represent. To allow this synergy between players and fans, a DAO will be created to allow NFT holders to organize themselves and propose governance choices.</p>



<p>In a community-based way, <a href="https://heroez.gg/" target="_blank" rel="noreferrer noopener">Heroez</a> seeks to create a new form of esports team management that is more respectful of fan opinion while removing unnecessary fees and trusted third parties.</p>



<h2>Benefits of Heroez NFTs</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="500" height="498" src="http://nfcms1/app/uploads/2022/09/heroez-NFT-lightsaber.jpg" alt="heroez NFT lightsaber" class="wp-image-67165" srcset="http://nfcms1:80/app/uploads/2022/09/heroez-NFT-lightsaber.jpg 500w, http://nfcms1:80/app/uploads/2022/09/heroez-NFT-lightsaber-300x300.jpg 300w, http://nfcms1:80/app/uploads/2022/09/heroez-NFT-lightsaber-150x150.jpg 150w" sizes="(max-width: 500px) 100vw, 500px" /></figure></div>



<p>Heroez NFTs will have the primary purpose of creating a link between players and fans but they will also allow owners to obtain other benefits. Here is a small non-exhaustive list:</p>



<ul><li>Exclusive commercial rights on the assets.</li><li>Access to Heroez physical and metaverse gaming house, and to esport centers worldwide thanks to exclusive partnerships.</li><li>Be eligible for airdrops as per the roadmap.</li><li>Walk around in the metaverse thanks to the 3D assets.</li><li>Access private events all around the globe.</li></ul>



<p>Far from being limited to the virtual universe, many advantages will therefore be reserved for holders in the real world too. The fact that the commercial rights of the assets accrue to the holders of NFTs will allow them greater freedom if they want to develop their own brand in the future.</p>



<h2>The next steps for Heroez</h2>



<p>First of all, the first step to watch out for will be the mint that will take place on September 27th 2022. This collection will be the cornerstone of the rest of the project and the first decision will be submitted to the DAO very soon after the mint. This decision will concern the first game on which Heroez teams will play.</p>



<p>Here are the next steps of the project :&nbsp;</p>



<ul><li>Recruitment of players on the chosen game(s)</li><li>Search for sponsors</li><li>Participation in the first tournaments/scrims</li><li>Constitution of the DAO Councils</li><li>Implementation of a payment system in Fiat to prepare for wave 2 and to welcome the communities of our future players.</li><li>Developing the Sandbox Experience</li><li>Development of the Merch Heroez with our partnership with Fulllife</li></ul>



<p>Otherwise, several partnerships have already been made with the biggest gaming projects in the web3 industry. The innovation that Heroez wants to bring to the world of esports is ambitious but far from impossible given the skills of the founders.</p>



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<div class="wp-block-image portfolio-valuation-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/collectors" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png" alt="Do you know the value of your NFTs?" class="wp-image-66346" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>



<p></p>


As blockchain gaming in video games have opened up new possibilities for the world of gaming, we ask, is esports changing thanks to web3?

Shaping Web3 E-sport with Heroez


<p>Humans have been playing gambling since at least 5000 BC when sheep knucklebones were used as dice by the Sumarians in ancient Mesopotamia, with the first familiar six sided dice discovered in Iraq and Iran around 3000 BC.&nbsp; </p>



<p>From those early&nbsp;times we have endlessly looked for new ways to gamble in spite of any prohibitions. Today, this tendency has been propelled into hyper speed by the impetus of new technologies, with NFTs being the new frontier. The data proves the pattern: in 2021 the market size of the global online gambling and betting industry was $61.5B USD. According to Statista, <a href="https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/" target="_blank" rel="noreferrer noopener">that market will grow to $114.4B USD by 2028</a> for an increase of more than 86 percent. </p>



<p>When we see that <a href="https://sorare.com/" target="_blank" rel="noreferrer noopener">Sorare</a>, an NFT fantasy football game platform, <a href="https://techcrunch.com/2021/09/20/sorare-raises-680-million-for-its-fantasy-sports-nft-game" target="_blank" rel="noreferrer noopener">raised $680 million USD in a Series B funding</a> round, it&#8217;s clear that non-fungible tokens will be part of that growth.&nbsp;</p>



<h2>Sports Betting</h2>



<p>Paris-based Sorare presents an NFT-driven sports card platform where baseball and football fans can build teams from the NFT cards they&#8217;ve collected. The first cards were minted on the Ethereum blockchain. Today, they use a Starkware sidechain to reduce the transaction fees and scale the possibilities of the game. A player&#8217;s teams can in turn be entered into fantasy competitions that provide rewards paid out in ETH.&nbsp;</p>



<p>Unfortunately for the brand, <a href="https://www.gamblingcommission.gov.uk/news/article/consumer-information-notice-sorare-com" target="_blank" rel="noreferrer noopener">Sorare has run afoul of regulators in Great Britain</a> who claim that the business&#8217; operations are unlicensed and constitute unregulated gambling. Since the UK Gambling Commission&#8217;s initial statement in October of 2021, there have been no new announcements from the regulator. <a href="https://medium.com/sorare/official-statement-5349bcf5f7da" target="_blank" rel="noreferrer noopener">Sorare disputes the UK regulator&#8217;s claims</a>. To a casual reader, it may seem like the Gambling Commission is over-reacting. However, <a href="https://www.laliga.com/en-GB/news/laliga-partners-with-sorare-to-enter-the-world-of-nfts" target="_blank" rel="noreferrer noopener">Sorare has most of the world&#8217;s top 100 soccer teams</a> under contract and has sold over $130M in the space in 2021 which would seem to indicate otherwise.</p>



<p>We want to make a distinction here that may be evident to those more experienced in the realm of blockchain: <strong>NFTs and cryptocurrencies are not the same thing</strong>. Therefore, receiving payment in the form of ETH is often very different from receiving an NFT. In brief, and this may be disputed by some in the crypto community, cryptocurrency can be considered a security as the Securities and Exchange Commission (SEC) defines the term.</p>



<p>This is because cryptocurrency is a means to hold, gain, or transfer an investment. NFTs, on the other hand, can simply offer utility or be collectible. Without the indication of a return on investment for a common purpose (see the <a href="https://www.businessinsider.com/personal-finance/howey-test" target="_blank" rel="noreferrer noopener">Howey test for assets)</a>&nbsp;it can be more difficult to decide whether an NFT is an asset for legal reasons. </p>



<p>Accordingly, we recommend that readers <a href="https://nonfungible.com/services/collectors" target="_blank" rel="noreferrer noopener">consult our services to help understand their NFT portfolios</a> better.</p>



<h2>Metaverse Casinos Controversies</h2>



<p>While fun for some folks, casinos have historically been associated with a variety of illegal activities. That trend has manifested in new ways thanks to Flamingo Casino Club and Sand Vegas Casino. Each project represents much of what can go awry in tech-forward, online ventures. These two instances exemplify the need to understand the fundamentals of the crypto and NFT space before investing.&nbsp;&nbsp;</p>



<h3>Flamingo Casino Club</h3>



<p><a href="https://www.businessinsider.com/states-accuse-metaverse-flamingo-casino-club-russian-ties-nft-scam-2022-5" target="_blank" rel="noreferrer noopener">Flamingo Casino Club</a><a href="https://www.businessinsider.com/states-accuse-metaverse-flamingo-casino-club-russian-ties-nft-scam-2022-5?r=US&amp;IR=T" target="_blank" rel="noreferrer noopener"> does not exist in the metaverse or real world</a>. There is no connection between it and the Flamingo Casino in Las Vegas, as the project claims. It is, according to regulators from the states of Texas, Wisconsin, Kentucky, New Jersey, and Alabama, a scam. The owners provide no information as to their location or identities and the digital trail leads back to an IP in Russia, which regulators say lowers the chance that investors can recover their funds significantly.</p>



<h3>Sand Vegas Casino</h3>



<p>The Sand Vegas Casino, apparently based in Cyprus, has angered regulators in Texas which is quite an achievement! The state alleges that this casino has traded in unregulated securities. This is because the club forecasted profit-sharing from its Gambling Apes NFT collection. As a precaution, <a href="https://www.coindesk.com/business/2022/04/22/opensea-suspends-trading-of-sands-vegas-casino-club-nfts/" target="_blank" rel="noreferrer noopener">OpenSea halted trading of the NFTs</a> in the Spring of 2022.</p>



<h2>Legitimate Use Cases for Legitimate Casinos</h2>



<h3>Real World Possibilities&nbsp;</h3>



<p>Real-world casinos have been earlier adopters of tech such as facial recognition and big data. These technologies allow them to better serve customers, limit fraud, and respect folks who&#8217;ve banned themselves from establishment premises. NFTs might be the next complementary items bestowed on VIPs and even casual visitors. The prospect of winning a $200,000 Ape might keep even your modest player at the table a bit longer. Likewise, NFTs could serve a valuable role in the secondary ticketing market as we&#8217;ve discussed in <a href="https://nonfungible.com/news/opinions/nft-higher-education-part-2" target="_blank" rel="noreferrer noopener">another article.</a> In fact, it&#8217;s surprising that casinos have yet to collect royalties on tickets thanks to the smart contract functionalities of non-fungible tokens: if they loved the money from the first time a ticket sold, why not the second or third?</p>



<h3>Metaverse Projects&nbsp;</h3>



<p>While it&#8217;s hard to gauge the legitimacy of a metaverse casino across all the jurisdictions where one can be accessed, the ICE Poker virtual casino in Decentraland seems like a popular operation if nothing else. Thousands of visitors play poker daily in the casino run by Decentral Games, even accounting for 30% of Decentraland&#8217;s daily users according to <a href="https://markets.businessinsider.com/news/currencies/decentraland-metaverse-casino-crypto-gambling-poker-2022-2" target="_blank" rel="noreferrer noopener">Markets Insider</a></p>



<p><a href="https://www.nytimes.com/2021/05/01/style/zed-run-horse-racing.html" target="_blank" rel="noreferrer noopener">Zed Run</a> is a popular NFT game on the Matic network. Like the cryptokitties of yore with more gaming potential and interaction, the horses in NFT form each possess their own DNA. This DNA gives them their distinct value for the sake of racing and breeding. Their low floor price combined with the low entry cost for most races makes this project a viable entry point for learning about NFTs via participation.</p>



<h2>The Next Roll of the Dice</h2>



<p>Looking for more use cases? We&#8217;ve got your back at our <a href="https://nonfungible.com/academy/nft" target="_blank" rel="noreferrer noopener">NFT Academy</a>. And for our readers who enjoy a flutter, what do you see coming up next in NFT gambling?</p>



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<div class="wp-block-image academy-upsell"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/academy" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png" alt="Need help understanding the NFT ecosystem? Explore the NFT Academy" class="wp-image-66341" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


From the early days of humanity, we always liked to play gambling games . Today, are NFTs the new frontier for these games?

Metaverse and Casinos: Rolling the NFT Dice


<p>Blockchain gaming and play to earn are attracting more and more video game development studios around the world. One of the styles of games that adapts to this new style of gameplay is the Role Playing Game (RPG).&nbsp;</p>



<p>Since every item in the game can be an NFT, it&#8217;s natural for players to want to &#8216;actually own&#8217; their asset. But, the implementation of the blockchain should not come at the expense of the pleasure of playing a game. <a href="https://lordofdragons.io/" target="_blank" rel="noreferrer noopener">Lord of Dragons</a> understood this and wants to offer an experience combining both.</p>



<h2>Presentation of Lord of Dragons</h2>



<p>Lord of Dragons is the 4th game developed by OnFaceSotem; a subsidiary of OnFaceGames. Since 2018, OnFaceSotem has been developing and producing mobile and desktop video games with different gameplay styles. Among the many games ported by OnFaceSotem, three of them will serve as a reference for Lord of Dragons:</p>



<ul><li>Dragon Raja, a PC MMORPG</li><li>Dragonica, a PC side-scrolling MMORPG</li><li>East Legend, a mobile SRPG</li></ul>



<p>With this entertainment-based experience, Lord of Dragons will draw inspiration from the better features of these games to deliver high-quality content. The game will be available everywhere in the world except South Korea.</p>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Lord Of Dragons" width="500" height="281" src="https://www.youtube.com/embed/HC_507coe6Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div></figure>



<p>To complete, mechanics of Play to Earn as well as decentralized finance will find their place in this game. There will be NFTs, but also governance tokens to encourage&nbsp; a community dimension to the game.&nbsp;</p>



<h2>Play, earn and govern</h2>



<p>Several elements of play to earn will be found in Lord of Dragons. First of all, the use of NFTs will be implemented, but additionally the game also has its own in-game token as well as a governance token for decisions on the direction of the project.</p>



<h3>In game NFTs</h3>



<p>Lord of Dragons NFTs will be one of the central elements of the game, and will offer several advantages:</p>



<ul><li>Additional In-game Stats</li><li>Unlocking specialized and dedicated content</li></ul>



<p>They will cover the different assets that can be found in theRPG: items, weapons, skins, consumables, lotteries, and much more! Above all, these NFTs can be obtained simply by playing the game. Having a defined supply at launch, they will also make it possible to obtain several benefits over time by remaining an active player!.</p>



<h3>The $LORT token</h3>



<p>The game is free to play, downloadable, and can be finished for free. But unlike classic free-to-play, Lord of Dragons will reward players with Lord of Dragons Reward Tokens ($LORT).</p>



<p>In addition to serving as an economic basis for the game, the $LORT covers other aspects of the project:&nbsp;</p>



<ul><li>Profit through DEX trading</li><li>Used for weapon revamps</li><li>Acquired through dungeons and completing quests</li><li>Invoke competition between users</li><li>Lock up for 7 days upon withdrawal request</li></ul>



<p>It will be possible to complete 10 daily quests in order to earn these prizes as a reward for the efforts spent playing. These quests will have varying difficulties and it will be necessary to complete them to evolve his character and evolve in the game.&nbsp;</p>



<h3>$LOGT, the governance token</h3>



<p>In addition to the $LORT tokens that will serve for the game economy, there will be the $LOGT that will serve as a governance token. This one will have a much more limited supply and will be granted in reward than to the best players.</p>



<p>To obtain this token, you will have to go through an exchange platform or participate in staking tokens. Winning in the game, however, will be more difficult than the $LOGT. Indeed, they have been designed to serve as a reward for the Player vs Player (PVP) as well as the &#8216;Siege Battle&#8217; game mode.</p>



<p>Depending on the rank obtained in the ranking, the rewards in $LOGT will be more or less generous.&nbsp;</p>



<h2>What are the next steps?</h2>



<p>Developing a game takes time, and despite a solid&nbsp; roadmap, there’s much more to come! The first of these concerns security, an audit is underway to be sure that everything is safe for the day the NFTs will be put on sale.</p>



<p>Although there is not yet an announced date for an ICO or IDO, the Lord of Dragon team wants to be listed with Binance NFT within three months maximum. As soon as more information becomes available, the team will communicate it to their community as soon as possible.</p>



<p>In the meantime, the game continues to build. Do not hesitate to follow them on social to keep up to date with their latest news!!</p>



<p><a href="https://lordofdragons.io/" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://docs.lordofdragons.io/" target="_blank" rel="noreferrer noopener">Whitepaper</a> &#8211; <a href="https://discord.com/invite/lordofdragons" target="_blank" rel="noreferrer noopener">Discord</a> &#8211; <a href="https://twitter.com/global_LOD" target="_blank" rel="noreferrer noopener">Twitter</a></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.      </p>



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Lord of Dragons is a classic 3D MMORPG that introduces NFTs, P2E mechanics, and high-quality gameplay to users around the world.


Discover Lord of Dragons, a new blockchain MMORPG


<p>Horse racing enthusiasts will soon be able to enjoy an entire metaverse dedicated to this industry. Whether it&#8217;s ownership of racehorses, land, or stables, Silks will offer a virtual world experience coupled with strategic play-to-earn gameplay.</p>



<p>Other horse racing projects exist, but Silks differentiates itself&nbsp; by utilizing a mixed-reality structure that leverages real-world horse racing data. In short, each digital Silks Horse NFT will be linked to the data and performance of a real-world thoroughbred racehorse..</p>



<p>Let&#8217;s take a closer look at this project.</p>



<h2>Game of Silks overview&nbsp;</h2>



<p>The <a href="https://www.silks.io/" target="_blank" rel="noreferrer noopener">Silks</a> universe will be built by the Game of Silks team which consists of 24 people. Blockchain professionals, developers, advisors or technicians, here are the main team members:</p>



<ul><li><a href="https://www.linkedin.com/in/dnissanoff/" target="_blank" rel="noreferrer noopener">Dan Nissanoff</a> (CEO, Founder)</li><li><a href="https://www.linkedin.com/in/troy-levy-a4bb47153/" target="_blank" rel="noreferrer noopener">Troy Levy</a> (Founder)</li><li><a href="https://www.linkedin.com/in/benjamin-plotkin/" target="_blank" rel="noreferrer noopener">Benjamin Plotkin</a> (Product,Founder)</li><li><a href="https://www.linkedin.com/in/michael-lira/" target="_blank" rel="noreferrer noopener">Michael Lira</a> (Tech,Founder)</li><li><a href="https://www.linkedin.com/in/abe-gottesman-37138aa/" target="_blank" rel="noreferrer noopener">Abe Gottesman</a> (Marketing)</li><li><a href="https://www.linkedin.com/in/derek-cribbs-3b4a1018b/" target="_blank" rel="noreferrer noopener">Derek Cribbs</a> (Finance)</li><li><a href="https://twitter.com/SQUIDEth" target="_blank" rel="noreferrer noopener">Gavin</a> Levy (Community)</li><li><a href="https://www.linkedin.com/in/jacob-mermelstein/" target="_blank" rel="noreferrer noopener">Jacob Mermelstein</a> (Project Manager)</li><li><a href="https://www.linkedin.com/in/matthew-pizzuto-b68992218/" target="_blank" rel="noreferrer noopener">Matthew Pizzuto</a> (Marketing)</li><li><a href="https://www.linkedin.com/in/jeffreymarks2/" target="_blank" rel="noreferrer noopener">Jeffrey Marks</a> (Legal)</li></ul>



<p>With the future objective of having decentralized management through a DAO, for the moment, Game of Silks will retain a centralized organization for better project management. The objectives are ambitious: a play-to-earn game, a token-based economy, a fully engaged community, and an immersive metaverse experience.</p>



<h2>Silks Tokenomics&nbsp;</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="901" height="694" src="http://nfcms1/app/uploads/2022/04/Silks-ecosystem.jpg" alt="Silks ecosystem" class="wp-image-20374" srcset="http://nfcms1:80/app/uploads/2022/04/Silks-ecosystem.jpg 901w, http://nfcms1:80/app/uploads/2022/04/Silks-ecosystem-300x231.jpg 300w, http://nfcms1:80/app/uploads/2022/04/Silks-ecosystem-768x592.jpg 768w" sizes="(max-width: 901px) 100vw, 901px" /></figure></div>



<p>To have an experience that is as close as possible to reality, Silks defines itself as a derivative play-to-earn metaverse. By integrating all the core concepts around real horse racing, <a href="https://www.silks.io/" target="_blank" rel="noreferrer noopener">Silks</a> will offer an innovative and interactive ownership experience.</p>



<p>The project will use both fungible and non-fungible tokens. Regarding the fungible tokens, two types will exist:</p>



<h3>The Silks DAO token: $SLK</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="990" height="454" src="http://nfcms1/app/uploads/2022/04/Silks-DAO-token.jpg" alt="Silks DAO token" class="wp-image-20372" srcset="http://nfcms1:80/app/uploads/2022/04/Silks-DAO-token.jpg 990w, http://nfcms1:80/app/uploads/2022/04/Silks-DAO-token-300x138.jpg 300w, http://nfcms1:80/app/uploads/2022/04/Silks-DAO-token-768x352.jpg 768w" sizes="(max-width: 990px) 100vw, 990px" /></figure></div>



<p>The Silks governance token, $SLK, will make it possible to participate in the decision-making processes around the project. To obtain the tokens you can purchase them&nbsp;with $STT (detailed below) and also by being sufficiently active in the community.</p>



<p>There will be a supply of 500 million $SLK tokens that will be unlocked over time, with 40%&nbsp;reserved for Silks players.</p>



<h3>Silks in-game transaction token: $STT</h3>



<p>The Silks transaction token, $STT,&nbsp;will be used as a reward for racing and breeding success, in addition to all transactions that will take place in the Silks metaverse. $STT can be&nbsp; converted into $SLK with a rate defined by the DAO and other use cases will be announced in the future.</p>



<p>There will be a supply of 5 billion $STT and a burn process will be put in place to have a deflationary economy.</p>



<h3>Silks NFT: Silks Horses, Silks Avatars, Land and Stables</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1912" height="729" src="http://nfcms1/app/uploads/2022/04/silks-horses-course.jpg" alt="silks horses course" class="wp-image-20376" srcset="http://nfcms1:80/app/uploads/2022/04/silks-horses-course.jpg 1912w, http://nfcms1:80/app/uploads/2022/04/silks-horses-course-300x114.jpg 300w, http://nfcms1:80/app/uploads/2022/04/silks-horses-course-1024x390.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/silks-horses-course-768x293.jpg 768w, http://nfcms1:80/app/uploads/2022/04/silks-horses-course-1536x586.jpg 1536w" sizes="(max-width: 1912px) 100vw, 1912px" /></figure></div>



<p>Several types of NFTs will be available in the game and their use will be diverse but also complementary.</p>



<p>Silks Horses will be the central element of the game. Once a horse is registered as a thoroughbred racehorse in the US, its digital equivalent will be created in Silks. Each Silks Horse NFT will then track the lineage, training progress, and racing results of its real-world counterpart.</p>



<p>Silks Avatars will represent each player’s unique identity in the Silks ecosystem. They will allow the public to identify who owns the different horses, land and stables in the game. Also, it will be necessary to buy a Silks Horse as well as receive rewards when their real-world thoroughbred wins a race.</p>



<p>There will be 202,500 acres of virtual land in the Silks metaverse, with each one acre plot represented as a Land NFT.&nbsp; Land will be necessary for the construction of Stables (also an NFT) that will open up the possibility of staking your horses to receive rewards in $STT. To be able to build a Stable, 10 plots of Land will be needed. Each Stable will be able to accommodate up to 10 horses.</p>



<h2>What is the Silks Roadmap?</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1600" height="670" src="http://nfcms1/app/uploads/2022/04/silks-possibilities.jpg" alt="silks NFT possibilities" class="wp-image-20370" srcset="http://nfcms1:80/app/uploads/2022/04/silks-possibilities.jpg 1600w, http://nfcms1:80/app/uploads/2022/04/silks-possibilities-300x126.jpg 300w, http://nfcms1:80/app/uploads/2022/04/silks-possibilities-1024x429.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/silks-possibilities-768x322.jpg 768w, http://nfcms1:80/app/uploads/2022/04/silks-possibilities-1536x643.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /></figure></div>



<p>2022 will be the year of construction for Silks. Silks first NFT offering will be its Silks Genesis Avatar Collection which is set to drop on April 27th. Subsequent to the sale of their Silks Avatars, the inaugural Silks Horse Mint is slated for this summer.&nbsp;</p>



<p>The sale of&nbsp; Land and Stables is scheduled for Q3 2022, while registration for the metaverse will begin in Q4 2022. The metaverse is scheduled to open in 2023.</p>



<p>Silks&#8217; goal is to develop an ecosystem in line with its community while remaining flexible to be as close as possible to the expectations of players and investors. It is therefore possible that aspects of the gameplay will change depending on the decisions made by the DAO.</p>



<h2>A lot of possibilities ahead</h2>



<p>In conclusion, Silks&#8217; ambitious bet is to succeed in creating a bridge between the real world and their virtual world to ensure the most dynamic&nbsp;experience possible for its community. Whether it’s to develop Land, manage stables, trade horses, participate in the verification of transactions or engage in the DAO, the gameplay possibilities offered by Silks are endless.</p>



<p>In addition, through the use of real-world racehorse performance data, the characteristics of the NFT will evolve over time to enhance immersion in the world of horse racing.</p>



<p>Being knowledgeable and aware of the information pertaining to&nbsp; this industry will be a major advantage in making the best strategic choices in the game. But thanks to the other gameplay mechanics&nbsp;of this future metaverse, it will be possible to specialize in other aspects to participate in the construction of Silks!</p>



<p>Don’t hesitate to read the<a href="https://silks.docsend.com/view/7tjwder5xnwd5d22" target="_blank" rel="noreferrer noopener"> Silks whitepaper</a> for more information and follow them on their different networks:</p>



<p><a href="https://www.silks.io/" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://www.twitter.com/gameofsilks" target="_blank" rel="noreferrer noopener">Twitter</a> &#8211; <a href="https://www.discord.gg/silks" target="_blank" rel="noreferrer noopener">Discord</a></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.  </p>



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<div class="wp-block-image portfolio-valuation-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/collectors" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png" alt="Do you know the value of your NFTs?" class="wp-image-66346" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Horse racing will soon be able to enjoy its very own metaverse! This is what Silks is offering and they are building a whole environment for this industry, mixing real-world data and play-to-earn gaming.

Enter the horses metaverse with Silks


<h2>What is Voxies?</h2>



<p>Beyond appearance, <a href="https://www.voxies.io/" target="_blank" rel="noreferrer noopener">Voxies</a> have different classes and races as in an MMORPG, these are distinguished by several advantages on the field and will define the role of Voxies in the game.&nbsp;</p>



<p>At present Voxies are used in the game mode Voxie Tactics, currently in beta. Each Voxie is a unique combination of different attributes with different levels of rarity: Common, Uncommon, Rare, Epic, Legendary to Devine.&nbsp;</p>



<p>In fact, each Voxie has 20 attributes in addition to a class and race! Players equip their heroes with items and accessories to help them on the Voxie Tactics battlefield.&nbsp;</p>



<p><a href="https://www.voxies.io/classes" target="_blank" rel="noreferrer noopener">Voxies’ Classes</a> are divided into two groups: Attackers and Supporters. These classes are further subdivided into subcategories such as Tank and DPS. Note that the Voxie class is not definitive and can be changed under certain conditions.</p>



<p>Voxies are also customizable with weapons, armor and other items, apart from the standard Voxies. This is a strong incentive for people to rent Voxies, whether to fight in the open PvP league or to farm with a better RNG rate and loot.</p>



<h2>What is the Voxies&#8217; gameplay?</h2>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Voxie Tactics Exploration" width="500" height="375" src="https://www.youtube.com/embed/_ifMovxoyCQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div></figure>



<p>Voxie is based on exploration gameplay in a dynamic world where you can interact with non-playable characters, complete quests and buy equipment. </p>



<p>Exploration is punctuated by arena battles against other players (PvP) or the environment (PvE) at the end of which rewards are distributed in the form of VOXEL and NFTs. Indeed, you can earn new weapons, equipment and even pets while playing.</p>



<p>In battle, Voxies have MPs (Movement Points) that are used for all actions in the game. Characters take turns performing actions. The player with the last character or characters still standing wins the game.</p>



<h2>How to play Voxie?</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1913" height="845" src="http://nfcms1/app/uploads/2022/04/voxies-in-game.jpg" alt="voxies in game" class="wp-image-20313" srcset="http://nfcms1:80/app/uploads/2022/04/voxies-in-game.jpg 1913w, http://nfcms1:80/app/uploads/2022/04/voxies-in-game-300x133.jpg 300w, http://nfcms1:80/app/uploads/2022/04/voxies-in-game-1024x452.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/voxies-in-game-768x339.jpg 768w, http://nfcms1:80/app/uploads/2022/04/voxies-in-game-1536x678.jpg 1536w" sizes="(max-width: 1913px) 100vw, 1913px" /><figcaption><em>Voxies &#8211; In game screenshot</em></figcaption></figure></div>



<p>To play, players will need to follow several steps:&nbsp;</p>



<h3>To decide whether to buy Voxies or not.</h3>



<p>Buying a Voxies allows you to get Voxel tokens and to have an advantage in your progression through the game. However, having a Voxie NFT is not mandatory to be able to play and win rewards. Indeed, the game provides characters by default in a free-to-play mode.</p>



<h3>Create a team of 3 Voxies</h3>



<p>Players then collect and assemble Voxies, mixing the different types to form their ideal group of Voxies.</p>



<h3>Participate in Voxie Tactics</h3>



<p>Players can currently play in the Voxie Tactics mode to compete against other Voxies and earn rewards.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="500" height="500" src="http://nfcms1/app/uploads/2022/04/voxies-party_roster_equip.jpg" alt="voxies party roster equipment" class="wp-image-20315" srcset="http://nfcms1:80/app/uploads/2022/04/voxies-party_roster_equip.jpg 500w, http://nfcms1:80/app/uploads/2022/04/voxies-party_roster_equip-300x300.jpg 300w, http://nfcms1:80/app/uploads/2022/04/voxies-party_roster_equip-150x150.jpg 150w" sizes="(max-width: 500px) 100vw, 500px" /><figcaption><em>Voxies &#8211; Choosing your equipement</em></figcaption></figure></div>



<p>Every character can be leveled up, potentially unlocking more powers and features. Players can direct their character to conduct an action, equip an item, move around the map, or simply wait their turn.</p>



<p>Items such as guns and shields can improve a character&#8217;s abilities by providing greater power or armor. Players can set their characters on the map before a battle begins. As a result, melee and tank characters can prevent foes from reaching long-range attacks, for example.</p>



<h2>Tokenomics of Voxies</h2>



<p>The VOXEL token is the token of the game and will be used for all activities, such as purchasing new weapons, armor or items to use in the game.&nbsp;</p>



<p>In the game, the VOXEL can be acquired by playing and completing various objectives, for example after each battle depending on the outcome of the battle. The exploration mode will also allow you to &#8220;discover&#8221; and collect VOXEL tokens.&nbsp;</p>



<h2>Classes and rarities</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="855" height="481" src="http://nfcms1/app/uploads/2022/04/voxies-team.jpg" alt="voxies team" class="wp-image-20317" srcset="http://nfcms1:80/app/uploads/2022/04/voxies-team.jpg 855w, http://nfcms1:80/app/uploads/2022/04/voxies-team-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/04/voxies-team-768x432.jpg 768w" sizes="(max-width: 855px) 100vw, 855px" /><figcaption><em>Voxies &#8211; different classes</em></figcaption></figure></div>



<p>There are different <a href="https://www.voxies.io/classes" target="_blank" rel="noreferrer noopener">classes of Voxies</a> that are available to players. In terms of rarity, it goes like this. The game offers 10 different character races and 20 unique classes, each with its own powers and abilities:</p>



<p>Pirate &#8211; Samurai &#8211; Chemist &#8211; Timemage &#8211; Hawkknight &#8211; Thief &#8211; Monk &#8211; Druid &#8211; Bard &#8211; Ninja &#8211; Knight &#8211; Ranger &#8211; Necromancer &#8211; Warrior &#8211; Black mage &#8211; Priest &#8211; White Mage &#8211; Robo &#8211; Squire &#8211; Monster.</p>



<p>In terms of price, these classes of Voxies can be defined by their categories:&nbsp;</p>



<ul><li>Category A (Most expensive) = Pirate, Samurai, Chemist</li><li>Category B = Timemage, Hawknight, Thief&nbsp;</li><li>Category C = All other classes.</li></ul>



<p>The <a href="https://www.voxies.io/races" target="_blank" rel="noreferrer noopener">races in the game</a> include Human, Doge, Fox, Zombie, Robot, Alien, Skeleton, Dragon, and Red Robot. Active and passive abilities are available to each race. Particular races are better suited to certain classes; for example, a fox has added dexterity as a passive skill and would be more suited to a class with dexterity as its major stat. These new abilities provide another layer to combat and team selection, boosting the variety and possibilities of builds.</p>



<h2>Conclusion</h2>



<p>Even if <a href="https://nonfungible.com/market-tracker/voxies" target="_blank" rel="noreferrer noopener">Voxies Tactics</a> is still in beta, the gameplay is still surprisingly good.&nbsp; The team is quite active and releases patches regularly. In other news, the parent company, Alway Geeky Games, also received a $1.1 million investment from Binance Labs in early March.</p>



<p>Voxie Tactics launched its Open Beta in March. The game already offers rewards for winning battles: VOXEL tokens and NFTs. It&#8217;s hard to find games in beta that offer such kinds of things. So, access to the game is free, don&#8217;t hesitate to take a look and go try the game if you like the concept!</p>



<p>The VOXEL token is available on the Binance exchange and is currently trading at $1.6.</p>



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<div class="wp-block-image market-tracker"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/market-tracker" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png" alt="What are the best performing NFT projects this week? Try our market tracker" class="wp-image-66361" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Imagine Final Fantasy Tactics and Advance Wars but with 3D cube characters that are actually NFTs! Voxies is both a play-to-earn and a free-to-play game that takes the form of a tactical RPG.


From pixel to block: Voxies


<h2>Neopolis Presentation</h2>



<p>Neopolis is a free-to-play mobile management game using geolocation to evolve. From the beginning of the game, the player is invited to virtually invest in real-world properties.</p>



<p>The goal of the game is to develop different services and improve its properties in order to exchange its properties and climb in a world ranking. The game now has more than 150,000 active players &amp; 1,5 million+ downloads in two countries: France &amp; UK.</p>



<p>The studio that created Neopolis is Revolt Games with a team of 16, leading the pack are:</p>



<ul><li>Ben Kaltenbaek &#8211; Founder</li><li>Roland Lamidieu &#8211; Founder</li><li>Lucas Odion &#8211; Founder</li><li>Segolene Dreystadt &#8211; Art Lead</li><li>Matthieu Carton &#8211; Community Lead</li></ul>



<p>With the new opportunities offered by NFT innovations, Revolt Games decided to go further in their concept with a brand new land-based gameplay: Neoland. Along with them in their adventure, we find names like Guillaume Verlinden (Managing Director Ubisoft), Frederic Montagnon (Arianee founder) or Hubert Thieblot (Ex-VP Twitch).</p>



<h2>The Gameplay of Neoland</h2>



<p>The sequel to the game was first envisioned during 2020 with the ambition of bringing a new economic layer to the initial game. Neopolis will remain a free-to-play game but <a href="https://www.neoland.io/" target="_blank" rel="noreferrer noopener">Neoland</a> will have two main pillars: being a business game and also a social game. &nbsp;</p>



<p>In Neopolis, it was already possible to chat with other players and develop your business in competition against them. But in <a href="https://www.neoland.io/" target="_blank" rel="noreferrer noopener">Neoland</a>, the project is going to take on another dimension.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="944" src="http://nfcms1/app/uploads/2022/04/neoland-how-to-earn-1024x944.png" alt="neoland how to earn" class="wp-image-20118" srcset="http://nfcms1:80/app/uploads/2022/04/neoland-how-to-earn-1024x944.png 1024w, http://nfcms1:80/app/uploads/2022/04/neoland-how-to-earn-300x277.png 300w, http://nfcms1:80/app/uploads/2022/04/neoland-how-to-earn-768x708.png 768w, http://nfcms1:80/app/uploads/2022/04/neoland-how-to-earn.png 1354w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Neoland &#8211; How to earn?</em></figcaption></figure></div>



<p>Each individual Land of Neoland will be an NFT hosted on the Solana blockchain. Owning a LAND will open up many advantages such as passive income and also a very large number of other possibilities.</p>



<p>What was previously a virtual simulation of the real world in Neopolis is becoming a much more realistic management game:</p>



<ul><li>All the revenue of Neopolis will be shared with Neoland’s owners.</li><li>All the revenue of future location-based games developed by the studio will be shared with Neoland’s owners.</li><li>A part of the revenue of future location-based games developed by other studios who want to build on an existing ecosystem will be shared with Neoland’s owners.</li><li>Stores will be able, if they wish, to offer services on this new map and revenues from stores will also be shared with Neoland’s owners.</li></ul>



<p>It will also be possible to organize different events on its Land such as airdrops, temporary bonuses or ephemeral sales of skins.</p>



<p>Each Land will have a structure that can be improved according to three criteria: income, duration of events and characteristics of events. The higher these criteria, the greater the possibilities!</p>



<h2>The Tokenomics of Neoland</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2022/04/neoland-in-game-revenue-1024x892.png" alt="neoland in game revenue" class="wp-image-20120" width="840" height="731" srcset="http://nfcms1:80/app/uploads/2022/04/neoland-in-game-revenue-1024x892.png 1024w, http://nfcms1:80/app/uploads/2022/04/neoland-in-game-revenue-300x261.png 300w, http://nfcms1:80/app/uploads/2022/04/neoland-in-game-revenue-768x669.png 768w, http://nfcms1:80/app/uploads/2022/04/neoland-in-game-revenue-1536x1338.png 1536w, http://nfcms1:80/app/uploads/2022/04/neoland-in-game-revenue.png 1600w" sizes="(max-width: 840px) 100vw, 840px" /><figcaption><em>Neoland &#8211; In Game revenue</em></figcaption></figure></div>



<p>The fungible tokens of the game are called the $NLAND and its possible to earn them in two ways. First of all, the in-game reward mechanics that will ensure passive income.</p>



<p>Revenue from subscriptions, in-app purchases and advertising revenues will be pooled and then shared with NFT holders.</p>



<p>Of course another means of income will also be the purchase and resale of the Lands, some will be more prominent than others depending on their attractiveness and popularity and it will also be possible to obtain rewards through a staking system.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="752" src="http://nfcms1/app/uploads/2022/04/neoland-tokenomics-1024x752.png" alt="neoland tokenomics" class="wp-image-20122" srcset="http://nfcms1:80/app/uploads/2022/04/neoland-tokenomics-1024x752.png 1024w, http://nfcms1:80/app/uploads/2022/04/neoland-tokenomics-300x220.png 300w, http://nfcms1:80/app/uploads/2022/04/neoland-tokenomics-768x564.png 768w, http://nfcms1:80/app/uploads/2022/04/neoland-tokenomics-1536x1128.png 1536w, http://nfcms1:80/app/uploads/2022/04/neoland-tokenomics.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>To be able to access the LAND, here’s the important information to remember:</p>



<ul><li>During the presale period, Landpasses will go on sale for $25 in SOL</li><li>Each land measures 737,000m2</li><li>The first sale will be 10,000 LandPass in France</li></ul>



<p>Landpasses will be used to claim the LAND, which is then followed by choosing the map location on a first-come, first-served basis.</p>



<p>10% of the Lands will be reserved for the team for marketing operations and gifts and also to prevent investors who do not play. Some LAND located in major cities will therefore only be playable and cannot be obtained by investors.</p>



<p>Do not hesitate to join the <a href="https://revoltgames.notion.site/Neoland-2f2d32cefbb54f39bd8b1f6665ee836b" target="_blank" rel="noreferrer noopener">universe of Neoland</a> on their different networks: <a href="https://twitter.com/neolandgame" target="_blank" rel="noreferrer noopener">Twitter</a> &#8211; <a href="https://www.neoland.io/" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://discord.gg/neoland" target="_blank" rel="noreferrer noopener">Discord</a> &#8211; <a href="https://www.youtube.com/channel/UCK29QsxnNOaMIIT1OEOKyeA" target="_blank" rel="noreferrer noopener">Youtube</a></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>



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<div class="wp-block-image market-tracker"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/market-tracker" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png" alt="What are the best performing NFT projects this week? Try our market tracker" class="wp-image-66361" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


If you like management games that use the real world to thrive, you'll love Neoland, the sequel to the geolocated mobile game Neopolis! 

Enjoy the Monopoly of Web3 with Neoland!


<h2>What are Non-Fungible Tokens?</h2>



<p>Non-Fungible Tokens are cryptographic assets on the Blockchain that are distinguished from each other with unique identification codes and metadata. Unlike all the other cryptocurrencies like Ether (ETH), Bitcoin (BTC), and Monero (MXR), Non-Fungible Tokens cannot be exchanged or traded for its equivalent.</p>



<p>Non-Fungible Tokens can be any type of media like art, videos, games, music, etc. The term Non-Fungible refers to a unique and irreplaceable object.</p>



<p>For example: if you had 100 Bitcoins, you could exchange them for other Bitcoins and the value that you have in hand will be the same. However, all Non-Fungible tokens are unique, and when you exchange one for another, the value will not be the same.</p>



<p>In the above example, Bitcoins are Fungible Tokens, which means, they are tradable for each other and have a constant value.</p>



<p><strong>In simple terms:</strong></p>



<p>Have you seen Pokemon cards?</p>



<p>There were many basic Pokemon cards and there were some special cards too. Now the special card is much more valuable than a basic card and owning a special card used to be a big thing. The special card used to come with a heavy price tag and could also be physically stolen too..&nbsp;</p>



<p>In this tech age, everything has gone digital. But if there was a special digital card, it could be easily duplicated using the copy and paste feature. Now how can the uniqueness of the special card be preserved in this digital age?&nbsp;</p>



<p>For this, Non-Fungible Tokens can be used.</p>



<p>The card can be transformed into a Non-Fungible Token, and as a result the card can be stopped from being copied, as the original card will be provably unique due to being recorded on the Blockchain. Now, it is possible to have special cards and art pieces thanks to the Non-Fungible Tokens and Blockchain.</p>



<h2>Characteristics of Non-Fungible Tokens</h2>



<p>Here are the unique qualities of Non-Fungible Tokens that differentiate them from other Tokens:</p>



<ul><li><strong>Rare:</strong> Although the developers of Non-Fungible Tokens can create as many Tokens as they want, they often keep them limited so that they can be scarce to increase their value.&nbsp;</li></ul>



<ul><li><strong>Indivisible:</strong> Although this is not the case with all Non-Fungible Tokens, they are often indivisible. You cannot break the Non-Fungible Tokens in half, and therefore you will have to buy the full Token.&nbsp;&nbsp;</li></ul>



<ul><li><strong>Unique:</strong> This is the most highlighted feature of Non-Fungible Tokens. They can record their uniqueness on their permanent information tab. This tab is like a certificate of authentication.&nbsp;&nbsp;</li></ul>



<h2>NFT Advantages in Gaming for Publishers</h2>



<p>A Game Publisher invests a lot of money in the game that he then recovers and profits via in-game purchases, in-game advertisements, etc. The inclusion of NFTs in the game can increase the profits for the publishers and it can also provide various other advantages. Let&#8217;s have a look at them:</p>



<h3><strong>Earning from Transaction Fees</strong></h3>



<p>When an NFT is transferred, the publisher can collect a transaction fee from the seller or directly cut it while the transaction is processed from their game. This way, the publisher will earn every time the NFT changes hands. In some instances, NFTs have been sold for millions, and this will bring a great amount of transaction fee for the publishers.&nbsp;</p>



<h3><strong>Extra App Store and Play Store Earnings</strong></h3>



<p>When an app or game gets a particular number of downloads on the app stores, the publisher receives a share of the download cost. The share that the publisher earns depends on the number of downloads, and they will earn more if they get more downloads. NFT can increase the popularity of their game and can attract more users to play their game with the objective to buy or sell NFTs based on the game.&nbsp;</p>



<h3><strong>For Takeovers and Mergers</strong></h3>



<p>If a new product is launched on the market, that disrupts the reputation or the popularity of a big company/enterprise, they often tend to buy the new product and merge the product in their catalog to remove the competition and to earn from the same. This can also happen to small startups and small businesses that launch their own NFT game.&nbsp;</p>



<h3><strong>Leveling up the current Game:</strong></h3>



<p>The game will get boring if it does not have anything new to offer the user every now and then. The publishers spend huge budgets on their R&amp;D Departments to find new and interesting additions for their game. NFT brings a golden opportunity to the publishers that they can use to scale up their existing games. The addition of an NFT in the game will attract new users to the game, and will also keep the existing users engaged and entertained.&nbsp;</p>



<h3><strong>Attract Venture Capital:</strong></h3>



<p>Investors invest in products that show promising results and are sure to be a hit in the future. Smart people do acknowledge the possibilities and the profits that Blockchain and NFTs can bring, and thus having an NFT game can benefit the publishers in attracting venture capital.&nbsp;</p>



<h2>NFT Advantages in Gaming for Gamers</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="602" src="http://nfcms1/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-gamers.jpg" alt="NFT advantages blockchain gaming" class="wp-image-13723" srcset="http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-gamers.jpg 1200w, http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-gamers-300x151.jpg 300w, http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-gamers-1024x514.jpg 1024w, http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-gamers-768x385.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<p>Here are the advantages that NFT brings for the gamers:</p>



<h3><strong>Asset Ownership</strong></h3>



<p>What do you get in return for a character that is on the highest level in the game except fun? Nothing right!</p>



<p>But this will change with NFTs. With NFTs the gamers will get the ownership of their character as well as of all the assets like rare items or even small items that they can sell to earn money. Collectibles and legendary items can earn great money for the users, and now the gamers can pursue collecting and selling NFTs as a career.&nbsp;</p>



<p>All the NFT games can now serve as a money-earning platform for the users.</p>



<h3><strong>Increase in Security:</strong></h3>



<p>As NFTs are backed by Blockchains, it offers a high level of security. The players can stay assured that their assets and money in the game are safe and they do not have to worry about anything. NFTs cannot be replicated and therefore the players can also stay assured that their assets will not be copied or stolen.&nbsp;</p>



<h3><strong>Transparency and Provable Scarcity:</strong></h3>



<p>The concept of NFTs is based on the scarcity and rarity of the digital asset. Blockchain technology helps in maintaining transparency in the transactions related to the NFTs. It also states the owner of the NFT and proves that the asset is unique. The uniqueness of the asset attracts high prices for the same.&nbsp;</p>



<h2>Risks Associated with NFT Gaming</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="544" src="http://nfcms1/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-players.jpg" alt="NFT risks blockchain gaming" class="wp-image-13724" srcset="http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-players.jpg 1200w, http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-players-300x136.jpg 300w, http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-players-1024x464.jpg 1024w, http://nfcms1:80/app/uploads/2022/02/NFT-advantages-risks-blockchain-gaming-players-768x348.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<p>NFTs are indeed alluring and have a promising future ahead, however, as the technology is in its early stages and is relatively new to the users, there are certain risks associated with NFTs. Not knowing about these risks or ignoring them can be really fatal for the users. Let’s have a look at the risks associated with the NFTs to be generally aware and safe from them.</p>



<h3><strong>You might get scammed:</strong></h3>



<p>New users have zero or very low knowledge about NFT and thus they are at the risk of getting scammed. This can be the case in mobile games if the users are buying the NFTs from outside the game.&nbsp;</p>



<p>There may be fake marketplaces, fake sellers, or unverified sellers, that can scam the users by selling fake NFTs. The new users might not know how to verify if the NFT is a real one or a fake, and in the lure of buying the NFT at a lesser rate, they might get scammed.</p>



<h3><strong>Environmental Risk:</strong></h3>



<p>Cryptocurrencies are dangerous for the environment. The computers that generate Blockchain data run constantly, and for that they consume a very high capacity.</p>



<p>In fact, it is <a href="https://www.makeuseof.com/tag/bitcoin-mining-electricity-consumption/" target="_blank" rel="noreferrer noopener">more environmentally taxing to mine cryptocurrency</a> than mining copper, gold, and platinum. It is also estimated that between January of 2016 and June of 2018, crypto-mining alone contributed between 3 million to 15 million tons of CO2 emissions to our current environmental situation.</p>



<p>Environmentalists around the world slam other industries doing the same, and the Blockchain industry will soon face the same backlash.</p>



<h3><strong>The risk of buying phony NFTs:</strong></h3>



<p>NFT as an investment is risky as there are many phony NFTs on the internet along with the valuable ones. Just like any other investment, trained eyes are required to find the right ones from the heap of phony NFTs.</p>



<p>This can be hard for the new users, as they have just entered the market, and when they hear about the large sum that they can get with NFTs, they may get blindsided with those figures, and they might invest in the wrong NFTs.</p>



<h3><strong>Wash Trading:</strong></h3>



<p><a href="http://nonfungible.com/reports/2021/en/special-safe-practices" target="_blank" rel="noreferrer noopener">NFT Wash Trading</a> is a type of online fraud that is used to artificially pump the price of NFTs in the marketplace. The scammers will create various fake accounts to increase the demand of a certain NFT, which will in turn increase the price of that NFT.</p>



<p>This way, they will trick the buyers to believe that this NFT is valuable and they should buy it. If they invest in such NFTs, they will indeed lose money.</p>



<h2>Wrapping Up</h2>



<p>NFTs are an emerging technology with the potential of revolutionizing the gaming sector completely. It has already started changing how people used to earn from games, and it showcases a huge potential. </p>



<p>However, as NFTs are still in their early stages, there are certain risks involved, and so the investors should deal with it carefully and responsibly. Through discrete up &amp; downs, <a href="https://www.capermint.com/nft-game-development-company/" target="_blank" rel="noreferrer noopener">NFTs in the gaming sector</a> brings various advantages for publishers and players, and it is going to increase the fun of the gaming experience in many ways.</p>


Just like Metaverse is stirring the interests of the mobile game developers and investors, Non-Fungible Tokens have also caught the interests and attention of Startups, Developers, and big Enterprises alike. However, unlike Metaverse, NFTs have not been dismissed as science function hype, and are revolutionizing the Gaming Sector. 

NFT Advantages & Risks in blockchain Gaming


<p>The metaverse is constantly expanding and evolving to meet the needs of the individuals building it. While a vast majority of the population still does not entirely understand the utility that this burgeoning sector provides, some are eager to turn their love of NFTs and crypto into a full-time occupation. How are metaverses shaping the future of work?&nbsp;</p>



<h2>The Blockchain: Workplace 3.0&nbsp;</h2>



<p>The workplace has been undergoing a massive shift away from in-person work in the past few years that was only magnified by COVID lockdowns. Professional workers, which make up nearly <a href="https://www.dpeaflcio.org/factsheets/the-professional-and-technical-workforce-by-the-numbers" target="_blank" rel="noreferrer noopener">60% of the employment in the US in 2020</a>, have made a massive jump to remote work in the last five years. An expansion of high-speed internet access has made work-from-home a more viable option for individuals worldwide. </p>



<p>At the same time, a lack of affordable housing, gas prices, and the increased cost of living in major cities have made individuals reluctant to commute or relocate for job opportunities. In a recent article, Forbes reported that “<a href="https://www.forbes.com/sites/bryanrobinson/2022/02/01/remote-work-is-here-to-stay-and-will-increase-into-2023-experts-say/?sh=1b31990220a6" target="_blank" rel="noreferrer noopener">25% of all professional jobs in North America will be remote by the end of 2022</a>”.</p>



<h2>So how has this trend affected jobs on the blockchain?</h2>



<p>As remote jobs surge, so do jobs in the metaverse. According to data from Linkedin, <a href="https://coingeek.com/blockchain-jobs-surged-by-400-in-2021-4x-higher-than-other-tech-jobs-linkedin/" target="_blank" rel="noreferrer noopener">blockchain jobs surged 400% in 2021</a>, 4xs faster than other jobs in the tech industry. The development of an online income is another step closer to metaverse’s goal of entirely digital livelihoods. A virtual world where people can create avatars to interact with each other.</p>



<p>This trend presents a unique opportunity for individuals seeking job opportunities in the metaverse. Major corporations are setting the groundwork for remote work, creating a favorable environment for job seekers in the metaverse. Experience working from home is important to both the potential employer and employee. Employees with an ability to self-motivate without the direct involvement of a managerial figure will be far more likely to succeed in a remote position. </p>



<p>At the same time, employers with an established to manage and motivate their employees will be far more likely to attract and maintain productive employees. </p>



<h2>Tips Before Applying for a Job in the Metaverse</h2>



<p>Prospective job-seekers searching for work in the metaverse should keep in mind the same precautions all remote workers take to assure potential employment opportunities are legitimate. </p>



<ol><li>Plagiarized Linkedin and Indeed Profiles</li></ol>



<p><a href="https://decrypt.co/106491/cybercriminals-plagiarize-linkedin-indeed-profiles-to-apply-crypto-jobs-report" target="_blank" rel="noreferrer noopener">A recent article by Decrypt</a> highlighted the danger of plagiarized crypto accounts that were attempting to gain information from prospective applicants. Make sure when applying to check for verified accounts. With crypto being a developing industry, there might not always be an account with a checkmark next to their name, so taking steps to ensure that they are actually the correct accounts by checking official websites could be the difference between a scam and a legitimate opportunity.</p>



<ol start="2"><li>Always Do Your Own Research Before Applying</li></ol>



<p>Scammers are known to copy logos and create fake websites and emails. Researching and finding the job listing on the company’s official website could prevent jobseekers from providing information to a falsified corporation.&nbsp;</p>



<ol start="3"><li>Check For Red Flags</li></ol>



<p>Common red flags include grammatical errors on the job post and emails that do not contain the organization domain (i.e. apple@gmail.com vs. name@apple.com).</p>



<ol start="4"><li>Avoid Get-Rich-Quick and Easy Money Schemes&nbsp;</li></ol>



<p>Typically if an opportunity seems too good to be true, it is. Applying to work for organizations that use MLM (Multi-level Marketing), require you to invest money into the organization, or do not guarantee an hourly or salaried wage, is not advisable.  </p>



<ol start="5"><li>Never Provide Financial or Bank Account Information Until After The Job Is Verified.</li></ol>



<p>Most employers will provide a secure way to set up direct deposit after the employee has signed all required paperwork and has a contract in hand. </p>



<h2>Job Opportunities in the Metaverse</h2>



<p>The metaverse is a constantly expanding new frontier that will provide plenty of opportunities to individuals who are looking to find a way to help to lay the groundwork for the future. Since the industry is still developing, it can be difficult to know what opportunities are available.</p>



<p>New companies are constantly being developed in different industries stretching from the fashion industry to game development and tech jobs. While it can be difficult to truly gauge what sort of jobs will be available in the future, some are available today and are looking for qualified individuals. </p>



<h3><strong>AR/VR Game Designer&nbsp;</strong></h3>



<p>The gaming industry is flourishing in the metaverse. Both experienced and inexperienced game designers have plenty of opportunities to join companies attempting to build virtual/augmented reality games. The gaming industry is highly competitive, so it isn’t surprising that there is already a push for games to become a large part of the metaverse’s economy.</p>



<p>Jobs developing cutting-edge and feature-rich NFT games are particularly popular, and there are currently listings offering salaries ranging from US$82k-152k for experienced game developers.  </p>



<h3><strong>Writer</strong></h3>



<p>Talented writers are always in demand in almost every industry. The metaverse is no exception to that rule. Writers who are talented at composing copywriting articles and creating content for communities will be in high demand in the tech-dominated sector. Storytellers in particular will have a leg up when applying for positions in the gaming industry. The ability to craft a compelling story will be invaluable to games hoping to build a strong following.</p>



<p>The NFT community holds the same narrative standards as AAA games and feature films, so only writers with experience should apply. Writing role pay ranges will range depending on your writing speed and how proficient you are at composing error-free work. Typically the range for talented writers will be between US$25k-100k a year.</p>



<h3><strong>Programmer&nbsp;</strong></h3>



<p>Where there is a technology-driven industry, there is a need for programmers. Programmers can find positions ranging from major companies looking to expand onto the metaverse down to small start-ups looking to build their programs. Programmers will find plenty of opportunities in the metaverse now and in the future to help build the industry.</p>



<p>Companies offer between US$71k-150k for individuals willing to work with their development teams. Most are requiring at least some experience working on the blockchain, but some are offering to train programmers who have worked in other areas. </p>



<h3><strong>Community Management&nbsp;</strong></h3>



<p>Communities are the backbone of the metaverse. NFTs especially centralize around the importance of having a solid community to support, make decisions, and improve projects. Having a dedicated community manager to maintain and promote a community helps a company to grow and filter feedback from its customer.</p>



<p>This is why it’s no surprise that community management jobs are in demand in the metaverse. Most NFT Communities are looking for individuals with experience working on Discord, Reddit, and Twitter. Discord managers appear to be the most sought-after position for DAOs and other groups.  Typically the range for community managers is between US$25k-75k annually.  </p>



<h3><strong>Marketing&nbsp;</strong></h3>



<p>Another way for organizations to grow the metaverse is through marketing. Having access to marketing professionals who understand how to reach new customers who may be previously unaware of how the metaverse, crypto, and NFTs work. The demand for marketing specialists is high, and talented individuals could have very successful careers promoting new projects. </p>



<p>Bringing experience from marketing jobs outside of the metaverse is important, but those seeking jobs working in crypto should immerse themselves in the communities before applying. Understanding how crypto-investors engage with different communities, properties, and projects will set individuals apart from other applicants. Marketing leads will average between US$50k-160k annually. </p>



<h3><strong>Digital Artist&nbsp;</strong></h3>



<p>There are ample options for artists to make a living in the metaverse. Many organizations are looking to partner with talented artists to create everything from games to NFTs. In fact, artists with an established audience could very well produce their own NFT projects without the need to work directly with these companies.</p>



<p>The metaverse provides solid opportunities for artists to thrive in the market. While some artists may choose to market their own NFTs, some companies are looking to hire artists to help make their NFT projects a reality. While there really is no set amount that a digital artist could make on the blockchain, artists have a significant advantage, especially in the NFT markets.  </p>



<h2>Metaverses: a Safe Career Choice</h2>



<p>Whether a job seeker is looking for a job as a programmer or an artist, there are plenty of opportunities for them to accomplish their goals in the metaverse. As the metaverse grows, those options will only expand. What those future careers may entail is up for some debate. </p>



<p>Many believe that jobs ranging from construct architects to avatar clothing designers could quickly become available as the industry expands. Opening up roles to individuals who might fall outside the traditional crypto audience will only help to expand and normalize the metaverse and those working in the field.</p>


More and more individuals are eager to turn their love of blockchain-based virtual worlds into a full-time job. How are metaverses shaping the future of work?

The metaverse: a promising land for remote job seekers


<p>The Sandbox has always called itself an open world with a desire to include other projects in its universe and it’s now possible to use many PFP collections as an avatar in this metaverse, which is soon entering its third Alpha phase.</p>



<h2>Building The Sandbox never stops!</h2>



<p><a href="https://nonfungible.com/market-tracker/thesandbox" target="_blank" rel="noreferrer noopener">The Sandbox metaverse</a> is an open environment where anyone can participate in its construction. User-generated content (UGC) drives creative activity , whether it&#8217;s the monsters, weapons, buildings, or even the quests which players will enjoy.</p>



<p>Thanks to the free <a href="https://www.sandbox.game/en/create/vox-edit/" target="_blank" rel="noreferrer noopener">VoxEdit tool</a>, it’s possible for anyone, without code, to create their own Sandbox assets and share them with the community. The <a href="https://www.sandbox.game/en/create/game-maker/" target="_blank" rel="noreferrer noopener">Game Maker tool</a> allows you to create a whole scene where the player&#8217;s adventures can take place.</p>



<p>With this focus on its community, The Sandbox has opened the doors of its metaverse even more since the beginning of the year. To participate, simply join the different Alpha Seasons to see and interact with a large part of The Sandbox.</p>



<h2>Importing your avatar to The Sandbox</h2>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Equip your World of Women Avatar today!" width="500" height="281" src="https://www.youtube.com/embed/pFQLKuVbROc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div></figure>



<p>In an increasingly inclusive approach, <a href="https://www.sandbox.game/" target="_blank" rel="noreferrer noopener">The Sandbox</a> has begun to integrate other projects into its metaverse. In particular, Profile for Picture (PFP) projects will allow you to use your favorite collection as an avatar in this metaverse!</p>



<p>For example, it will be possible to use any NFT from the World of Women collection in The Sandbox. But this is not the only collection involved; others are planned for the third season of the Alpha Season coming this summer:</p>



<ul><li>The Moonbird</li><li>Bored Ape Yacht Club</li><li>Cool Cats</li><li>And more to be announced soon!</li></ul>



<p>This is a first step towards greater compatibility between NFTs projects, the famous interoperability!</p>



<h2>What’s coming next for LAND owners</h2>



<p>PFP collection owners will be able to find additional utility to their NFTs, but on the side of the LAND owners, other news is coming.</p>



<p>First, the migration of LANDs and assets to Polygon. In order to reduce costs as well as its carbon footprint, The Sandbox decided to switch to the Polygon sidechain to host the various assets of the game. One million SAND, the platform’s utility token, was distributed to owners to encourage them to do this migration.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">As a LAND Owner_<br>_PLAY<br><br>✅ Season 1 &#8211; Exclusive NFT Rewards &#8211; 11/21<br>✅ Season 2 &#8211; Earn more <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SAND</a> and Raffle Tickets &#8211; 2/22<br>⏳ Season 3 &#8211; Extra Raffle Tickets, Increased Rewards, Special Raffle for LAND Owners only &#8211; 7/22 <a href="https://t.co/A4y0jQg2BA">pic.twitter.com/A4y0jQg2BA</a></p>&mdash; The Sandbox (@TheSandboxGame) <a href="https://twitter.com/TheSandboxGame/status/1525170681876566017?ref_src=twsrc%5Etfw">May 13, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>A new token will be created to encourage creators: the EXPERIENCE token. Recognizing the creativity of the community during the various game jams, this new token will reward the community most invested in The Sandbox.</p>



<p>Another notable evolution: a community of builders certified to curate the best content created. This brings builders closer to The Sandbox&#8217;s goal of opening up decisions about the game to the community.</p>



<h2>Meet The Sandbox community</h2>



<p>Several big names and big brands have settled in The Sandbox: The Walking Dead, Snoop Dogg, Adidas, Deadmau5, and Atari are among over 200 companies who are creating experiences in The Sandbox. Thanks to these partnerships, The Sandbox has managed to push the boundaries of its development even further.</p>



<p>But the most important thing is the community that participates in the construction of this metaverse every day. In addition to organizing various online events, The Sandbox wants to connect its community in the real world. In addition to always being present at major NFT and crypto events, several gatherings are expected to take place around the world.</p>



<p>To learn more about what they are preparing and join the Sandbox family, don&#8217;t hesitate to follow them on their different networks:</p>



<p><a href="https://www.sandbox.game/" target="_blank" rel="noreferrer noopener">Website</a> – <a href="https://twitter.com/thesandboxgame" target="_blank" rel="noreferrer noopener">Twitter</a> – <a href="https://discordapp.com/invite/vAe4zvY" target="_blank" rel="noreferrer noopener">Discord</a> &#8211; <a href="https://www.youtube.com/user/TheSandboxGame/" target="_blank" rel="noreferrer noopener">Youtube</a></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.        </p>



<div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div>



<div class="wp-block-image advertise-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/businesses" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1024x1024.png" alt="Get your brand in front of the most qualified NFT audiences. Advertise with us" class="wp-image-66371" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


The Sandbox is becoming an oasis of interoperability, living up to their mission of being "a place where NFTs become alive”.

Interoperability in The Sandbox


<p>The last time we reported on what was going on in Decentraland was to celebrate the first Metaverse Festival. For several days, hundreds of artists were able to produce exclusive concerts for the metaverse.</p>



<p>Today, the occasion is Metaverse Fashion Week, Decentraland organized another major event: the first metaverse fashion week! Several big names and luxury brands are exhibiting their latest digital creations and to present the future of wearables in the metaverse.</p>



<h2><strong>Global overview of the Decentraland evolution</strong></h2>



<p>Before presenting the first version of a 3.0 fashion show, let&#8217;s take a look back at the latest evolutions of Decentraland. We&#8217;ve been able to appreciate the choice between day and night, but other improvements have appeared. The entire user menu interface has been redesigned and it’s now possible to see the different events, your inventory and your contacts even faster.</p>



<p>But other elements are interesting to see, including the evolution of the buildings.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="472" src="http://nfcms1/app/uploads/2022/03/decentraland-beta-random-buildings-1024x472.jpg" alt="decentraland beta random buildings" class="wp-image-19430" srcset="http://nfcms1:80/app/uploads/2022/03/decentraland-beta-random-buildings-1024x472.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/decentraland-beta-random-buildings-300x138.jpg 300w, http://nfcms1:80/app/uploads/2022/03/decentraland-beta-random-buildings-768x354.jpg 768w, http://nfcms1:80/app/uploads/2022/03/decentraland-beta-random-buildings-1536x708.jpg 1536w, http://nfcms1:80/app/uploads/2022/03/decentraland-beta-random-buildings.jpg 1895w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>Around the Genesis Plaza, the buildings no longer resemble those that can be easily built from the Decentraland Builder. Several professions have developed during 2021, including metaverse architect. The result is very telling, all the buildings of the official projects (such as Kraken, Known Origin, Coca Cola or SuperRare) have all created particular 3D designs.</p>



<h2><strong>The Aquarium: a Decentralized Casino</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="529" src="http://nfcms1/app/uploads/2022/03/decentraland-aquarium-1024x529.jpg" alt="decentraland aquarium" class="wp-image-19428" srcset="http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-1024x529.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-300x155.jpg 300w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-768x396.jpg 768w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-1536x793.jpg 1536w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium.jpg 1823w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption> <em>Decentraland &#8211; The Aquarium</em></figcaption></figure></div>



<p>During our visit, one of Decentraland&#8217;s interactive activities are its casinos. One of many casinos in Decentraland is called The Aquarium and offers you the ability to play Roulette or Black Jack while participating with other players.</p>



<p>Here, the currency to play is the FREE, a token that cannot be exchanged. The only way to win is to stay in the casino area in order to receive it for free. Of course, it’s also possible to earn FREE by playing the different games.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="586" src="http://nfcms1/app/uploads/2022/03/decentraland-aquarium-black-jack-1024x586.jpg" alt="decentraland aquarium black jack" class="wp-image-19426" srcset="http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-black-jack-1024x586.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-black-jack-300x172.jpg 300w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-black-jack-768x439.jpg 768w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-black-jack-1536x879.jpg 1536w, http://nfcms1:80/app/uploads/2022/03/decentraland-aquarium-black-jack.jpg 1556w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Decentraland &#8211; The Aquarium black jack</em></figcaption></figure></div>



<p>Regularly, as with the other casinos several tournaments are held to allow participants to win prizes such as Decentral Games NFTs or sometimes crypto rewards.</p>



<h2><strong>Metaverse Fashion Week</strong></h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="505" src="http://nfcms1/app/uploads/2022/03/fashion-week-decentraland-03-1024x505.jpg" alt="fashion week decentraland building" class="wp-image-19424" srcset="http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-03-1024x505.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-03-300x148.jpg 300w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-03-768x379.jpg 768w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-03-1536x758.jpg 1536w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-03.jpg 1830w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em> Metaverse Fashion Week in Decentraland &#8211; Main Building</em></figcaption></figure>



<p>This event is one of the first of its kind in Decentraland. Combining a conference of well-known personalities of this industry and an exhibition, Metaverse Fashion Week echoes the event that travels to cities around the world every year.</p>



<p>In the different floors of the buildings reserved for the event, it is possible to recognize well-known names such as Kark Lagarfeld who made an NFT drop last year.</p>



<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="530" src="http://nfcms1/app/uploads/2022/03/fashion-week-decentraland-09-1024x530.jpg" alt="fashion week decentraland wearable Karl Lagerfeled" class="wp-image-19422" srcset="http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-09-1024x530.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-09-300x155.jpg 300w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-09-768x397.jpg 768w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-09-1536x794.jpg 1536w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-09.jpg 1638w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Metaverse Fashion Week in Decentraland &#8211; Karl Lagerfeld</em></figcaption></figure>



<p>But when we go upstairs, other names and works await us. The Vogue Foundation, the artist Ourobouros or Kid Super&#8230; so many exhibited works that make it possible to highlight what announces a future trend in virtual worlds: the personalization of your avatar.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="540" src="http://nfcms1/app/uploads/2022/03/fashion-week-decentraland-02-1024x540.jpg" alt="fashion week decentraland wearable" class="wp-image-19420" srcset="http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-02-1024x540.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-02-300x158.jpg 300w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-02-768x405.jpg 768w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-02-1536x809.jpg 1536w, http://nfcms1:80/app/uploads/2022/03/fashion-week-decentraland-02.jpg 1706w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em> Metaverse Fashion Week in Decentraland &#8211; Wearable</em></figcaption></figure></div>



<p>Several unique pieces are on sale to the public for the duration of the event, auguring for the future of a dedicated fashion store in Decentraland?</p>



<h2><strong>More Events and Experiences to Come</strong></h2>



<p>With the impressive evolution of the NFT ecosystem in 2021, the number of experiences and events related to major real-world brands will surely continue to be implemented in the future.</p>



<p>Sotheby&#8217;s already has its own building to organize auctions, all crypto exchanges also have theirs and bought an estate to install an entire shopping center.</p>



<p>This kind of signal suggests that if last year was the year of investments for all these players, the coming years will be the year of project development for new investors and the public!</p>



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We regularly visit Decentraland to observe the events and evolution of this metaverse, what are the changes since our last visit?

Decentraland and the Metaverse Fashion Week


<h2>The Sandbox and Snoop Dogg</h2>



<p>When Snoop Dogg announced he was getting into NFTs, he sure didn&#8217;t do it by half! The news around the rapper&#8217;s investments in the ecosystem have been ongoing since last year. From the launch of his collection on <a href="https://crypto.com/nft/drops-event/80b2e021d4cbfbc43789db5377ecf1ed" target="_blank" rel="noreferrer noopener">Crypto.com</a>, revealing being behind the Twitter account Cozomo de&#8217; Medici or his purchases of CryptoPunks, Meebits and Bored Ape Yacht Club..Snoop Dogg has certainly been active in the space.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="269" height="259" src="http://nfcms1/app/uploads/2022/02/snoop-dog-the-sandbox.jpg" alt="snoop dog the sandbox" class="wp-image-13617"/><figcaption>Snoop Dogg Land in The Sandbox</figcaption></figure></div>



<p>During the fall of 2021, he took a close interest in The Sandbox. Especially with the purchase of an entire Land Estate displaying his image, the Snoopverse aims to create an entire virtual world under the rapper&#8217;s brand. Several Land sales have already taken place as well as partnerships with other musicians like Steve Aoki.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Tha Doggies. On Tha Sandbox. My 1st ever 10,000 avatars droppin 2/22/22. Be ready. 👊🏿🔥🔥👊🏿👊🏿💪🏿🎤 checc it <a href="https://twitter.com/TheSnoopAvatars?ref_src=twsrc%5Etfw">@TheSnoopAvatars</a> <a href="https://twitter.com/hashtag/twotwotwentytwo?src=hash&amp;ref_src=twsrc%5Etfw">#twotwotwentytwo</a> <a href="https://t.co/zbad8YDrKZ">pic.twitter.com/zbad8YDrKZ</a></p>&mdash; Snoop Dogg (@SnoopDogg) <a href="https://twitter.com/SnoopDogg/status/1494053108988596224?ref_src=twsrc%5Etfw">February 16, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Today, Snoop Dogg goes even further and will offer a new collection of 10,000 avatars that can be used in The Snoopverse. Let&#8217;s take a closer look at this drop!</p>



<h2>The Doggies: the voxelized Snoop Dogg avatar</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="400" height="303" src="http://nfcms1/app/uploads/2022/02/snoopverse-avatar.gif" alt="snoopverse avatar" class="wp-image-13738"/><figcaption>The Doggies avatar</figcaption></figure></div>



<p>The Doggies&#8217; NFT collection consists of 10,000 avatars that will have 150 attributes designated by The Sandbox&#8217;s Voxel artists.</p>



<p>The first features are already visible on the <a href="https://www.sandbox.game/en/snoopdogg" target="_blank" rel="noreferrer noopener">homepage of The Snoopverse</a>: there will be several species of avatar, ranging from human to Golden that will each have their own level of rarity. But there will also be different classes:</p>



<ul><li><strong>Dope Avatars</strong>: These avatars are unique and were designed by The Sandbox artists under the artistic supervision of Snoop Dogg himself.</li><li><strong>Classic Avatars</strong>: The classic avatars will all have a connection to the songs or events in Snoop Dogg&#8217;s life</li><li><strong>Signature Edition</strong>: Collaboration between existing projects and the design of The Sandobx, these avatars will all be one of a kind.</li></ul>



<p>Within the Snoopverse, the player might be required to attend exclusive concerts but this will also be the way for Snoop Dogg to interact with his public. In addition to a possibility of interacting with the legendary rapper, it will also be possible to customize his Doggies with real objects from the life of Snoop Dogg.</p>



<p>Vintage cars, art, clothing&#8230;many collectibles related to the life of Snoop Dogg will be able to be used by players. In addition, The Doggies can be used from the release of the Alpha Season 2 of The Snoopverse but also in other Sandbox games.</p>



<h2>The Snoopverse: Private party and early access pass</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="467" height="498" src="http://nfcms1/app/uploads/2022/02/snoop-dogg-early-access.png" alt="snoop dogg early access" class="wp-image-13735" srcset="http://nfcms1:80/app/uploads/2022/02/snoop-dogg-early-access.png 467w, http://nfcms1:80/app/uploads/2022/02/snoop-dogg-early-access-281x300.png 281w" sizes="(max-width: 467px) 100vw, 467px" /><figcaption>Snoopeverse early access pass</figcaption></figure></div>



<p>In addition to the Doggies, there are also other collections that are part of The Snoopverse, sales of $LAND and also two other collections that have their own importance.</p>



<p>First, the<a href="https://www.sandbox.game/en/assets/snoopverse-early-access-pass/dd501112-05a7-4ed2-baa0-3a10f6800df5/" target="_blank" rel="noreferrer noopener"> Snoopverse Early Access Pass</a>. This pass is required to be able to access The Snoopverse in preview, but t!&nbsp;It also gives access to:</p>



<ul><li>The Snoopverse development process</li><li>Exclusive drops</li><li>Access to the Doggies Whitelist</li><li>An invitation to the opening of the Cozomo Art Gallery</li><li>And a staking rewards multiplier and $SAND rewards in Snoopverse Play To Earn.</li></ul>



<p>The second is the<a href="https://opensea.io/assets/0xa342f5d851e866e18ff98f351f2c6637f4478db5/55464657044963196816950587289035428064568320970692304673817341489688059316224" target="_blank" rel="noreferrer noopener"> Snoop Private Party Pass</a> and has a more event-driven and community reach out. It will notably allow the owner to:</p>



<ul><li>Participate in Snoop Private Party! This is the first concert in a Metaverse by Snoop Dogg.</li><li>An invitation to the opening of the Cozomo Art Gallery.</li><li>This pass will also <strong>allow you to be on Whitelist for the Doggies</strong> drop</li><li>A future multiplier of staking rewards.</li></ul>



<p>To be able to participate in the Doggies drop and to be sure of getting an NFT, owning one or two passes will allow you to mint. But fortunately, there are also other ways to be whitelisted! </p>



<p>On the<a href="https://twitter.com/TheSnoopAvatars" target="_blank" rel="noreferrer noopener"> Twitter of The Snoopverse</a>, several announcements will be made so its strongly advised to own an NFT beforehand! We also advise you to interact with<a href="https://discord.com/invite/8FQ324MJTv" target="_blank" rel="noreferrer noopener"> The Sandbox community on Discord</a> to answer any additional questions about the drop.</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>



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<div class="wp-block-image market-tracker"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/market-tracker" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png" alt="What are the best performing NFT projects this week? Try our market tracker" class="wp-image-66361" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Market-Tracker-1x14-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Snoop Dogg has arrived in The Sandbox and today offers a collection of 10,000 avatars: The Doggies. Let's see together what this drop has in store!

Mint your Snoop Dogg Avatar in The Sandbox!


<p>Since the early 2000s, our online social interactions have evolved far beyond what was once thought possible. Blog reading and website consultation, the staples of the early internet, have given rise to our ability to comment, share media, listen to music, and watch movies, allowing users to connect and expand their knowledge bases globally.&nbsp;</p>



<p>To connect and centralize all these interactions, social networks, such as Facebook and Twitter, established themselves as essential fixtures in a heavily monopolized market. In order to continue to offer free access to their services, they developed a new way to make money off of their users: <strong>gathering our personal information</strong>.</p>



<h2>Social Networks: The Double-Edged Sword</h2>



<p>The use of our data without the informed consent of the user quickly became a source of debate. Is a service truly free if the user&#8217;s data is worth far more than the cost of a subscription could ever be?&nbsp;</p>



<p>The resale of our personal data to third parties for advertising purposes has evolved into algorithms updated to offer content &#8220;more adapted&#8221; to our preferences. The ability to create microtargeted ads designed with the intent to improve service encouraged <strong>increased analyses of our online behavior</strong>.&nbsp;</p>



<p>This increase resulted in several negative consequences:</p>



<ul><li>Targeted content created &#8220;echo chambers&#8221;, encouraging users’ sometimes extreme convictions by providing them with content that rationalizes their beliefs.</li><li>Profiling our online interactions has turned into widespread surveillance where data is shared across platforms to track and monitor everything a user is doing online.</li><li>Greater censorship of content and accounts that may not be considered ‘advertiser friendly’</li><li>Behavioral manipulations to influence elections <a href="https://www.nytimes.com/2018/04/04/us/politics/cambridge-analytica-scandal-fallout.html" target="_blank" rel="noreferrer noopener">(Cambridge Analytica)</a></li></ul>



<p>On the other hand, this faster exchange of information has also allowed for more checks and balances to appear in our interactions. Virtual actions have started to have more and more consequences in our real lives. Accountability and a lack of complete anonymity have taken away the ability for most to hide behind a username.</p>



<p>Overall, it is clear that the need to regain control over our personal data has become crucial.</p>



<p>Rather than questioning and correcting existing problems, Facebook preferred to work on the Diem project (ex-Libra). A digital currency issued and controlled by Facebook. Then in 2021, Facebook renamed itself to Meta. Announcing the establishment of a large interconnected virtual universe for all its users.</p>



<p>What could go wrong?</p>



<h2>NFT and Decentralized virtual worlds</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="631" height="366" src="http://nfcms1/app/uploads/2022/01/metaverse-nft.jpg" alt="metaverse nft" class="wp-image-11922" srcset="http://nfcms1:80/app/uploads/2022/01/metaverse-nft.jpg 631w, http://nfcms1:80/app/uploads/2022/01/metaverse-nft-300x174.jpg 300w" sizes="(max-width: 631px) 100vw, 631px" /></figure></div>



<p>Since 2018, other virtual world projects have been created. Projects using a public blockchain and Non-Fungible Tokens (NFTs). With user-centric policy and horizontal governance through the Decentralized Autonomous Organization (DAO).</p>



<p>It is important to keep in mind that these projects were created during a bear market. With few users, few means, unenthusiastic investors, and very little interest from the general public.</p>



<p>Driven by the ambition to create new online experiences in a nascent industry, these decentralized metaverses have all shaped their own identity. While some want to reproduce Second Life, others allow you to create your own video game.</p>



<p>Let&#8217;s take a closer look at the peculiarities of the most famous NFT metaverses today!</p>



<h3>Decentraland</h3>



<div class="wp-block-image"><figure class="aligncenter"><img src="https://lh5.googleusercontent.com/zhss1Zsa7LyW5D0C4qDvkglM_Tdg1DPjWkrng21UUTR413CI-cG3d0M_lwmRlEJkpHoFidlSLp0jCvEwSwpvufmQ7zzgdm1dHuBckYVf-m9z0MP_u-436TR0XvpIMQ" alt=""/><figcaption>Decentraland logo</figcaption></figure></div>



<p>In 2017,<a href="https://nonfungible.com/news/analysis/short-analysis-of-decentraland-s-uprising-economy" target="_blank" rel="noreferrer noopener"> at the beginning of Decentraland,</a> there was a map cut into 40,000 virtual Lands. The particularity of these Lands is that each of them is an NFT. Although <a href="https://etheria.world/" target="_blank" rel="noreferrer noopener">Etheria</a> has been present in the ecosystem since 2015, Decentraland was the first project on Ethereum of its kind to use the ERC-721 standard.&nbsp;</p>



<p>Decentraland&#8217;s goal is to offer an open and compatible virtual world in virtual reality. Users can freely browse the map and interact with the different elements of the décor. Land owners enjoy great creative freedom thanks to the various tools at their disposal.</p>



<p>We were able to attend several types of events organized in this metaverse:</p>



<ul><li>In 2019,<a href="https://nonfungible.com/news/metaverse/halloween-2019-decentraland" target="_blank" rel="noreferrer noopener"> an event to celebrate Halloween</a></li><li>In 2020, to<a href="https://nonfungible.com/news/metaverse/this-is-xmas-in-dcl-2020" target="_blank" rel="noreferrer noopener"> celebrate Christmas in Decentraland</a></li><li>In 2021,<a href="https://nonfungible.com/news/metaverse/first-metaverse-festival-decentraland" target="_blank" rel="noreferrer noopener"> the first Metaverse Festival,</a>lasting 4 days</li></ul>



<p>Telling<a href="https://nonfungible.com/news/metaverse/discovery-of-decentraland" target="_blank" rel="noreferrer noopener"> the whole story of Decentraland</a> deserved a full article on the subject. Do not hesitate to read it to understand the journey made by this project!</p>



<h3>The Sandbox</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="200" height="198" src="http://nfcms1/app/uploads/2022/01/sandbox.png" alt="The Sandbox logo" class="wp-image-11924" srcset="http://nfcms1:80/app/uploads/2022/01/sandbox.png 200w, http://nfcms1:80/app/uploads/2022/01/sandbox-150x150.png 150w" sizes="(max-width: 200px) 100vw, 200px" /><figcaption>The Sandbox logo</figcaption></figure></div>



<p>Launched in 2018, <a href="https://nonfungible.com/market-tracker/thesandbox" target="_blank" rel="noreferrer noopener">The Sandbox</a> aims to create a virtual world entirely dedicated to user-created video games. With a graphic style in Voxels, many tools are offered to users and players to create an infinity of objects, adventures, and universes.</p>



<p>To host the game of your dreams, each LAND is an NFT on which it is possible to build a dedicated universe. And to make it easier to build these universes, several tools are available to <a href="https://nonfungible.com/news/metaverse/gaming-nft-creation-everyone-the-sandbox" target="_blank" rel="noreferrer noopener">create objects, characters, and monsters</a>. Users and players are encouraged to develop new worlds, but not only! The Sandbox has forged numerous partnerships with brands and IPs around the world.</p>



<p>The economy in The Sandbox is also paramount. To be able to realize the concept of play to earn (P2E) in its metaverse, The Sandbox has built its universe around the token $SAND.</p>



<p>This token serves as both a governance token and a utility token to exchange NFTs on the various marketplaces.</p>



<h3>CryptoVoxels</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img src="http://nfcms1/app/uploads/2022/01/cryptovoxels.png" alt="cryptovoxels logo" class="wp-image-11920"/><figcaption>Cryptovoxels logo</figcaption></figure></div>



<p>Appearing in 2018, <a href="https://nonfungible.com/market-tracker/cryptovoxels" target="_blank" rel="noreferrer noopener">CryptoVoxels</a> is a metaverse that puts artists at the center of the project. In this universe, each plot of land is an NFT and can accommodate buildings in the Voxel style.</p>



<p>With CryptoVoxels, the idea has always been to give creators a lot of freedom. Museums, exhibitions, festive events or sometimes unique architecture, everyone is free to create the building they want to host various events.</p>



<p>We <a href="https://nonfungible.com/news/metaverse/art-metaverses-perfect-fit" target="_blank" rel="noreferrer noopener">went there in 2020</a>&nbsp; to share our feelings on this project that managed to bring together the original community of the most famous crypto artists that continues to grow over the years.</p>



<h2>Metaverses are interconnected virtual worlds.&nbsp;</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="620" height="332" src="http://nfcms1/app/uploads/2022/01/NFT-interoperability.jpg" alt="NFT interoperability" class="wp-image-11923" srcset="http://nfcms1:80/app/uploads/2022/01/NFT-interoperability.jpg 620w, http://nfcms1:80/app/uploads/2022/01/NFT-interoperability-300x161.jpg 300w" sizes="(max-width: 620px) 100vw, 620px" /></figure></div>



<p>One word comes up regularly in metaverse projects: interoperability. According to the <a href="https://dictionary.cambridge.org/dictionary/english/interoperability" target="_blank" rel="noreferrer noopener">Cambridge dictionary,</a> Interoperability is <em>“the degree to which two products, programs, etc. can be used together, or the quality of being able to be used together”.</em></p>



<p>Today, it is not possible to have the same building in Decentraland and CryptoVoxels at the same time. Similarly, objects created in The Sandbox cannot be used in Decentraland and vice versa.</p>



<p>Yet, thanks to the interoperability offered by the ERC-721 and 1155 standards, it will be only a matter of time before that happens. For the moment, everyone has managed to integrate other projects such as artistic marketplaces (SuperRare, Makersplace, Known Origin&#8230;).</p>



<p>The interconnected galaxy of NFTs is taking shape day by day, but &#8220;the Metaverse&#8221; is still far from being accomplished. In the end, the metaverse is the conglomeration of all of these worlds together.</p>



<p>NFTs bring endless new possibilities to the web industry, and virtual worlds will enable an even more complete online life. But as always its important to keep in mind the historical knowledge of how current social networks have evolved to ensure we do not reproduce the same mistakes in this new global universe!</p>


Billions of Internet users utilize social networks to communicate, share content and offer online services. The next step would be to create virtual worlds to have interactions and a complete life online. But at what cost?


Metaverses: From Social Networks to Virtual Worlds


<p>“Hi, dear metaverse traveler! You are at the main event in DAPPCRAFT history. Today you will see the evolution of the company and the beginning of a new era in its history &#8221; – this is how the DAPPCRAFT video begins, dedicated to their <a href="https://events.decentraland.org/event/?id=a71d9349-15e0-4db8-b65b-a2f2a4a392bd" target="_blank" rel="noreferrer noopener">upgrade</a> to a new level – their 2.0.</p>



<h2>Presenting DAPPCRAFT 2.0</h2>



<p>An event dedicated to the company’s rebranding took place last weekend. For those not yet familiar with the company, please read this text to have an introduction. After reading it, you will gain an understanding of <a href="https://dappcraft.io" target="_blank" rel="noreferrer noopener">DAPPCRAFT 2.0</a> , their different lines of business and give you an insight into the company&#8217;s future prospects and business horizons in the metaverse.</p>



<p>DAPPCRAFT is one of the major agencies in the metaverse. They have created many iconic projects for the industry and arrived at the milestone when they decided to upgrade to version 2.0. We already presented different works of Dappcraft in two previous articles (<a href="https://nonfungible.com/news/metaverse/what-are-the-meta-universes-wearables" target="_blank" rel="noreferrer noopener">NFT wearable in the Metaverse</a> and <a href="https://nonfungible.com/news/metaverse/here-comes-a-new-trend-construction-on-virtual-land" target="_blank" rel="noreferrer noopener">construction in the metaverse</a>).</p>



<p>DappCraft has created clothing collections and worked with big brands like <a href="https://twitter.com/dapp_craft/status/1458029209155211265" target="_blank" rel="noreferrer noopener">Playboy</a>, <a href="https://events.decentraland.org/event/?id=5947961c-ee0e-4d13-9fed-9432498833f1" target="_blank" rel="noreferrer noopener">NASA</a> and Coca-Cola. Their clients included top crypto companies and NFT brands like Metamask, Kraken and Bored Ape Yacht Club.</p>



<p>Guys made art installations and built incredible buildings, setting the standard of quality for ad campaigns in the metaverse.</p>



<h2>Interview of Demyan Golyshev, co-founder of DAPPCRAFT:</h2>



<p>Demyan Golyshev, co-founder of the company, shared with us the main values and ideals of the company:</p>



<blockquote class="wp-block-quote"><p><em>We started working with the metaverse at the very dawn of its formation. Back in 2017, the founders of DAPPCRAFT met and created a community based on confidence in the future of the industry. From the merging of a joint effort, DappCraft 1.0 was born. Our main goal has always been to create a future in which our children will live. We want to shape a better world by being at the heart of the action. We believe that the world of the metaverse will be better and safer than the world in which we live now. </em></p><p><em>There will be no place for dictatorships and anger in it, and all decisions will be made collectively. Dozens of new professions will appear in these digital structures, and everyone will be able to apply their skills and unleash their potential. Almost all of us met at the metaverse, and our business is a bright example of how people of future generations will be able to create companies. We are expanding and growing, opening up new horizons, which is why we decided to create DAPPCRAFT 2.0.&nbsp; It is necessary to open new horizons by approaching your history with awe and respect. That is why we decided to make a rebranding for our company and tell you about the DAPPCRAFT.&nbsp;</em></p><p><em>We are still at the very beginning of the journey. I came into this business primarily because I was interested in having a hand in creating the future of humanity. The Metaverse is a new direction for the socialization of people. The DAPPCRAFT team wants to be part of something new and great. My main income is not related to DAPPCRAFT, I am engaged in investments. I believe that the market will grow a thousand fold in 5 years. I would not recommend doing business in the metaverse to those who do not believe that the future of humanity lies in digitalization.</em></p><cite>Demyan Golyshev &#8211; Co-founder of DappCraft</cite></blockquote>



<p>DAPPCRAFT 2.0 they will become a company that includes several sub-brands:</p>



<ul><li>An agency creating experiences in metaverses that work with top projects and big brands.</li><li>A studio that comes up with new functional solutions and develops cool creative ideas.&nbsp;</li><li>A P2E game that will connect many multiverses simultaneously.&nbsp;</li><li>A guild for P2E games that will unite players and investors from all over the world!</li></ul>



<p>The main idea of the team is to give the metaverses deep and profound meanings. One who help 3D modellers and programmers to complete this task is Yegor Lapshov, creative producer of DAPPCRAFT. He told his history of start and share why creative specialists should start to work in the metaverse as soon as possible.</p>



<h2>Interview of Yegor Lapshov, Creative producer of DAPPCRAFT:</h2>



<p>Yegor Lapshov, creative producer of the agency also shared his vision of the industry:</p>



<blockquote class="wp-block-quote"><p><em>I was involved in PR and advertising in various projects, but as soon as I got into DAPPCRAFT, I immediately realized that this is what I would like to do for a very long time.</em></p><p><em>The prospects for the industry amaze me. The metaverses have combined all mediums invented in the history of humanity at once (different types of content &#8211; photos, videos, games.). Modern technology offers incredible opportunities for placing a person inside these mediums. The user and the customer have many more ways of interacting with the content and in the long run spend more time on it than they do in standard social networks.</em></p><p><em>I love creative and advertising tools, which in turn open up a lot of imagination and lower the cost of brand activations. By coming to the metaverse, the company gets the opportunity to be among the first ones to join an incredibly rich and vibrant space. It’s wonderful to be one of those who shape innovative communication and techniques for income generation. In my opinion, the creation of a project in the metaverse is a great step towards getting involved in the creative economy of the future. New opportunities help unlock consciousness that is more and more constrained by the ethical and technical limitations of classical social networks. I am grateful to DAPPCRAFT for letting me come in touch with the shaping of the future today.</em></p><cite>Yegor Lapshov &#8211; Creative Producer of DappCraft</cite></blockquote>



<p>The first investments of the company’s founders amounted to $1.000, which they used to create a collection of clothes and a website. Within 2 days after the start of sales of the collection, they earned $20k. In recent months, the agency has reached an income of more than $50k per month, their profit for the year is over $500k in monetary terms and over $1.5 million in assets.</p>



<p>All the creative and financial work cannot be done without hard skills of talented modellers. The head of the 3D department told what is it to be a 3D specialist in the metaverse today. And what should a modeller know to be hired in DAPPCRAFT.</p>



<h2>Interview of Chris Nikonets, Head of the 3D department of DAPPCRAFT:</h2>



<p>Agency projects are striking in their sophistication and quality. This would have been impossible without the teamwork of the 3D department. The head of the 3D department Chris Nikonets told us about this:</p>



<blockquote class="wp-block-quote"><p><em>I started working at DappCraft when the concept of &#8216;the metaverse’ seemed to be something incomprehensible and distant. There was little information on the internet about this. You could call me a self-taught artist. I was searching for a job, and checked off only one qualification in the job description. But as it turned out, I can do much more. It was necessary to believe in myself and I succeeded. The project begins with the CEO announcing that there is an idea or there is a customer with an idea.</em></p><p><em>We start looking for references on the Internet, and everyone offers something of their own (I offer my insights, Egor &#8211; his), then we come to a unified conclusion and begin to work it out. The guys from the 3D department and I make several models and several versions of how we see it, then we upload everything into DCL and watch it. If everyone likes what they see, then we show it to the customer, and if not, we refine it, change something, improve the 3D models. But it all starts with references we find on the Internet (for example, you would write &#8220;a futuristic building&#8221; in Google or on Pinterest, and it all starts with a picture of some futuristic building that guides everyone, and if we all like it we turn this image into a 3D model). </em></p><p><em>We are currently trying to explore other metaverses like Sandbox. We also already have solutions for the game The Somnium space, which is gaining popularity now. Our main goal next year is to do big projects in all the metaverses. In addition, we want to have departments specifically dedicated to each game: one department for Decentraland, another for Somnium.</em></p><p><em>Anyone can get a job in DappCraft given enough desire and talent: it’s plain as day &#8211; there is a test task. If an applicant succeeds, then we consider whether to take them on. We call on them if there is an opportunity, and if they perform well again, if they don’t argue with anyone (a conflict-free person), if they are creative, if they have good ideas and do the job well, then, naturally, that’s the kind of person you can work with.</em></p><cite>Chris Niknets &#8211; Head of the 3D department at DappCraft</cite></blockquote>



<h2>Conclusion</h2>



<figure class="wp-block-image size-full"><img loading="lazy" width="865" height="577" src="http://nfcms1/app/uploads/2021/12/dappcraft.jpg" alt="dappcraft" class="wp-image-11262" srcset="http://nfcms1:80/app/uploads/2021/12/dappcraft.jpg 865w, http://nfcms1:80/app/uploads/2021/12/dappcraft-300x200.jpg 300w, http://nfcms1:80/app/uploads/2021/12/dappcraft-768x512.jpg 768w" sizes="(max-width: 865px) 100vw, 865px" /><figcaption>dappcraft new logo</figcaption></figure>



<p>Roughly speaking, the metaverse is the next step in the production and consumption of content on the Internet. In the days of Web 1.0. the content was created by specially trained people, and users read it. It was read, because the development of the Internet did not allow sharing a large number of photos and videos, and the monitors had a low resolution.</p>



<p>Now, in the era of Web 2.0. each of us is a producer of content, mostly on social media. Thanks to smartphones and mobile Internet, you can make online streams and play games at high speed. But it&#8217;s still 2D content inside a metal device, although many smartphones have the ability to work with AR applications – this is a step towards the spatial Internet. </p>



<p>The metaverse is an Internet without borders: virtual, augmented and &#8220;real&#8221; reality will merge into one space. Don’t hesitate to join the different Dappcraft social media:&nbsp;</p>



<p><a href="https://twitter.com/dapp_craft" target="_blank" rel="noreferrer noopener">Twitter</a> &#8211; <a href="https://www.instagram.com/dappcraft/" target="_blank" rel="noreferrer noopener">Instagram</a> &#8211; <a href="https://t.co/FZj9Uoms0Y" target="_blank" rel="noreferrer noopener">Discord</a> &#8211; <a href="https://twitter.com/dapp_craft" target="_blank" rel="noreferrer noopener">W</a><a href="https://dapp-craft.com/" target="_blank" rel="noreferrer noopener">ebsite</a></p>


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