
<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://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-1024x494.jpg" alt="NonFungible Decentraland HQ Art Metaverse" class="wp-image-287736" srcset="http://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-1024x494.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-300x145.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-Art-Metaverse-768x371.jpg 768w, http://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-1024x550.jpg" alt="NonFungible Decentraland HQ basement" class="wp-image-287732" srcset="http://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-1024x550.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-300x161.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/11/NonFungible-Decentraland-HQ-basement-768x412.jpg 768w, http://100.96.1.66:3001/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>



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<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>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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/10/NFT-market-report-q3-2022-Market-Report-global-statistics.jpg 714w, http://100.96.1.66:3001/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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/10/NFT-market-report-q3-2022Market-share-per-project.jpg 891w, http://100.96.1.66:3001/app/uploads/2022/10/NFT-market-report-q3-2022Market-share-per-project-300x213.jpg 300w, http://100.96.1.66:3001/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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/10/NFT-market-report-q3-2022-USD-volume-traded-by-segment.jpg 742w, http://100.96.1.66:3001/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>



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<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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/10/NFT-market-report-q3-2022-active-wallet-by-segment.jpg 704w, http://100.96.1.66:3001/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>



<div class="wp-container-21 wp-block-columns">
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<figure class="wp-block-image size-full"><a href="https://playdapp.com/" target="_blank" rel="noreferrer noopener"><img loading="lazy" width="200" height="100" src="http://100.96.1.66:3001/app/uploads/2022/01/playdapp-logo-2.png" alt="playdapp logo" class="wp-image-17962"/></a></figure>
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<div class="wp-container-19 wp-block-column">
<figure class="wp-block-image size-full"><a href="https://www.sandbox.game/en/" target="_blank" rel="noreferrer noopener"><img loading="lazy" width="262" height="78" src="http://100.96.1.66:3001/app/uploads/2022/10/Sandbox_Logo_Black.png" alt="Sandbox Logo" class="wp-image-72247"/></a></figure>
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<div class="wp-container-20 wp-block-column">
<figure class="wp-block-image size-full"><a href="https://www.upland.me/" target="_blank" rel="noreferrer noopener"><img loading="lazy" width="200" height="73" src="http://100.96.1.66:3001/app/uploads/2022/10/upland-small.png" alt="upland logo" class="wp-image-72243"/></a></figure>
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<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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/10/upsell_banner_q32022-1024x1024.png 1024w, http://100.96.1.66:3001/app/uploads/2022/10/upsell_banner_q32022-300x300.png 300w, http://100.96.1.66:3001/app/uploads/2022/10/upsell_banner_q32022-150x150.png 150w, http://100.96.1.66:3001/app/uploads/2022/10/upsell_banner_q32022-768x768.png 768w, http://100.96.1.66:3001/app/uploads/2022/10/upsell_banner_q32022-1536x1536.png 1536w, http://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-1024x683.jpg" alt="NFT In Europe Sofia Crespo" class="wp-image-67038" srcset="http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-1024x683.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-300x200.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-768x512.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-Sofia-Crespo-1536x1024.jpg 1536w, http://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-obvious-collective-1024x683.jpg" alt="nft in europe obvious collective" class="wp-image-67030" srcset="http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-obvious-collective-1024x683.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-obvious-collective-300x200.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-obvious-collective-768x512.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-obvious-collective-1536x1024.jpg 1536w, http://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-braw-haus-1024x576.jpg" alt="nft in europe braw haus" class="wp-image-67022" srcset="http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-braw-haus-1024x576.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-braw-haus-300x169.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-braw-haus-768x432.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/09/nft-in-europe-braw-haus-1536x864.jpg 1536w, http://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-emi-kusano-1024x576.jpg" alt="NFT In Europe emi kusano" class="wp-image-67014" srcset="http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-emi-kusano-1024x576.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-emi-kusano-300x169.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-emi-kusano-768x432.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/09/NFT-In-Europe-emi-kusano-1536x864.jpg 1536w, http://100.96.1.66:3001/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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/07/Q2-2022-marche-NFT-global-stats-1.jpg 632w, http://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/07/liquidity-nft-segment.jpg" alt="liquidity nft segment" class="wp-image-64141" srcset="http://100.96.1.66:3001/app/uploads/2022/07/liquidity-nft-segment.jpg 672w, http://100.96.1.66:3001/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>In 2021, <a href="https://www.collinsdictionary.com/woty" target="_blank" rel="noreferrer noopener">“NFT” was elected word of the year by the Collins Dictionary</a>. Despite this, NFT remains a very cryptic acronym for the majority of the population. As one of the main pillars of the non-fungible token ecosystem since the early days, NonFungible.com has been dedicated to bringing clarity to the ecosystem. To that aim, our team has decided to take on the challenge and has created a thorough guide for every newcomer and aficionado eager to deepen their knowledge about this complex and growing NFT industry.&nbsp;</p>



<p><strong>Are you ready to challenge the way you view Web3?</strong></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="NonFungible.com NFT Academy Presentation" width="500" height="281" src="https://www.youtube.com/embed/hDSAZPITJeE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div></figure>



<h2>4 Sections Divided in Units and Chapters for A ‘Pick &amp; Choose’ Experience!</h2>



<p>Every area of focus (section) has been divided into individual units where you will be able to access content and chapters. This division has been put in place to help those looking for specific topics, while also providing a step-by-step linear approach for those who want to read the full contents.&nbsp;</p>



<p>The chapters are short and easy to digest and the displayed reading time and level of difficulty will help you set accurate goals in your learning.</p>



<h3>Blockchain</h3>



<p>You won’t be able to fully grasp NFTs and their global relevance if you aren’t familiar with some core concepts of the blockchain.&nbsp;</p>



<p>Inside this section, we’ll explore topics such as:&nbsp;</p>



<ul><li><a href="https://nonfungible.com/academy/blockchain/what-is-blockchain" target="_blank" rel="noreferrer noopener">What is Blockchain?</a></li><li><a href="https://nonfungible.com/academy/blockchain/bitcoin-history" target="_blank" rel="noreferrer noopener">Short History of Bitcoin</a></li><li><a href="https://nonfungible.com/academy/blockchain/ethereum-history" target="_blank" rel="noreferrer noopener">Short History of Ethereum</a></li><li><a href="https://nonfungible.com/academy/blockchain/transactions" target="_blank" rel="noreferrer noopener">Different Types of Blockchain Transactions</a></li><li><a href="https://nonfungible.com/academy/blockchain/buying-selling-cryptocurrencies" target="_blank" rel="noreferrer noopener">Buying &amp; Selling Cryptocurrencies</a></li><li><a href="https://nonfungible.com/academy/blockchain/lending-borrowing" target="_blank" rel="noreferrer noopener">Lending &amp; Borrowing on the Blockchain</a></li></ul>



<p>..and many more!</p>



<div class="wp-container-10 is-content-justification-center wp-block-buttons">
<div class="wp-block-button"><a class="wp-block-button__link" href="https://nonfungible.com/academy/blockchain" target="_blank" rel="noreferrer noopener">Explore the blockchain section</a></div>
</div>



<h3>NFT</h3>



<p>The largest section of the academy! You’ll find everything you need to know about NFTs in this section from their history to the way they are used in the digital world.</p>



<p>In this vast section, we’ll dive into:&nbsp;</p>



<ul><li><a href="https://nonfungible.com/academy/nft/what-is-an-nft" target="_blank" rel="noreferrer noopener">What Is An NFT?</a></li><li><a href="https://nonfungible.com/academy/nft/nft-history" target="_blank" rel="noreferrer noopener">History of NFTs</a></li><li><a href="https://nonfungible.com/academy/nft/why-are-nfts-important" target="_blank" rel="noreferrer noopener">Why Are Non-Fungible Tokens Important?&nbsp;</a></li><li><a href="https://nonfungible.com/academy/nft/difference-blockchain-crypto-gaming" target="_blank" rel="noreferrer noopener">Blockchain &amp; Crypto Gaming&nbsp;&nbsp;</a></li><li><a href="https://nonfungible.com/academy/nft/governance-tokens" target="_blank" rel="noreferrer noopener">Governance Tokens</a></li><li><a href="https://nonfungible.com/academy/nft?unit=trading-nft" target="_blank" rel="noreferrer noopener">Trading NFTs</a></li><li><a href="https://nonfungible.com/academy/nft?unit=minting-nft" target="_blank" rel="noreferrer noopener">Minting NFTs</a></li><li><a href="https://nonfungible.com/academy/nft?unit=nft-art" target="_blank" rel="noreferrer noopener">NFT Art</a></li></ul>



<p>As well as other key definitions and NFT applications.</p>



<div class="wp-container-11 is-content-justification-center wp-block-buttons">
<div class="wp-block-button"><a class="wp-block-button__link" href="https://nonfungible.com/academy/nft" target="_blank" rel="noreferrer noopener">Explore the NFT section</a></div>
</div>



<h3>Analytics</h3>



<p>Equally important is how to use our free market tracker to screen the latest market trends and understand the usual metrics associated with the NFT markets before you buy or sell NFTs. The Analytics section is designed to help you navigate these sectors.</p>



<div class="wp-container-12 is-content-justification-center wp-block-buttons">
<div class="wp-block-button"><a class="wp-block-button__link" href="https://nonfungible.com/academy/analytics" target="_blank" rel="noreferrer noopener">Explore the analytics section</a></div>
</div>



<h3>Ecosystem</h3>



<p>Last but not least, anyone who has a serious interest in NFTs needs to know how to separate the signals from the noise. This final section ‘Ecosystem’ sheds light on NFT communities and their functions based on our data and experience.</p>



<p>In this section, we’ll share our vision of the NFT space and attempt to reply to questions including:</p>



<ul><li><a href="https://nonfungible.com/academy/ecosystem/nfts-impact-environment" target="_blank" rel="noreferrer noopener">Are NFT bad for the environment?</a></li><li><a href="https://nonfungible.com/academy/ecosystem/are-nfts-the-future" target="_blank" rel="noreferrer noopener">Are NFTs the future?</a></li><li>Will the NFT market crash?</li></ul>



<p>We will also take a look at the marriage between DeFi &amp; NFTs and what it entails: liquidity mining, yield farming, and tokenomics for example.</p>



<div class="wp-container-13 is-content-justification-center wp-block-buttons">
<div class="wp-block-button"><a class="wp-block-button__link" href="https://nonfungible.com/academy/ecosystem" target="_blank" rel="noreferrer noopener">Explore the ecosystem section</a></div>
</div>



<h2>An Easy Access to The Glossary to Support Your Reading</h2>



<p>Be prepared: While we have designed this program to ensure you are not overwhelmed by any of the topics, there is a significant amount of jargon that will need to be mastered over time.</p>



<p>All the words highlighted in light gray in the chapters have a glossary definition. Click on them and their definition will appear on the side.&nbsp;</p>



<p>If you’re ready to go a bit deeper in your understanding of the NFT space, the glossary is a great tool to look up terms you may have encountered and did not understand. You can find it anytime at the bottom of the NFT Academy main page.</p>



<p>We hope you enjoy this new resource available on our website! Whether you are here to start on your learning journey or looking for an easy program to educate those who don’t understand your love of NFTs: let’s bring the decentralized revolution forward together! </p>



<p><em>We are always delighted to hear from you. If you have feedback, comments, or suggestions concerning the Academy, feel free to </em><a href="https://nonfungible.com/contact-us" target="_blank" rel="noreferrer noopener"><em>contact us</em></a><em>.</em></p>



<p>Huge thanks to:</p>



<ul><li><strong>Max aka Besancia</strong>: Two years of hard work to delivering </li><li><strong>Jess</strong>: Early contributor and proofreader</li><li><strong>Audrey</strong>: SEO reviewing and updates proposals</li><li><strong>Camille &amp; Walid</strong>: Designing all the Academy</li><li><strong>Nick Muller (Knack) &amp; Kay</strong>: Reviewing and spell-checkers of all the content</li><li><strong>Dan &amp; Andreas</strong>: Making the magic happen</li></ul>



<div style="height:20px" 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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png 1024w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-300x300.png 300w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-150x150.png 150w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-768x768.png 768w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1536x1536.png 1536w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Introducing the NFT Academy: a thorough guide for every newcomer and aficionado eager to deepen their knowledge about this complex and growing NFT industry. 

Learn All About the NFTs and Their Ecosystem with Our NFT Academy


<p>Bear market, build market, maybe both. This year’s NFT.NYC happened shortly after a severe downturn in the crypto and stock markets that had the mainstream media questioning and in some cases claiming that NFTs were dead. This is not the case, and NFT.NYC was proof positive that the NFT market is going to continue to build, grow, and improve.&nbsp;</p>



<h2>The largest NFT.NYC to date</h2>



<p>This was the largest <a href="https://www.nft.nyc/" target="_blank" rel="noreferrer noopener">NFT.NYC</a> yet, and it came less than a year after the close of 2021’s conference (in November 2021). Over 15,000 attendees, 1,500 speakers, and 9 venues spread around Times Square and its neighboring blocks. There were 20+ categories for the three days of talks and events focusing on Art, Film, Music, DAOs, Fashion, Brands, and Sports to name a few. A common thread for the talks was building. Brands (Coach, Squarespace, Estée Lauder, The Philadelphia Eagles…) were sharing their experience and ideas on entering the NFT market, and how these ideas can grow and develop over the coming years.&nbsp;</p>



<p>PFP projects discussed adding value to their community through Metaverse activations and collection-specific gaming. And the digital billboards of Times Square were inundated with graphics and videos featuring new and existing projects, artists, collections, and platforms.</p>



<p>These were all positive signs that although we might be in the middle of a bear market, artists, musicians, developers, thought leaders, and global powerhouse brands were continuing to explore next steps in the NFT industry.&nbsp;</p>



<h2>The long and hard way to the NFT conferences</h2>



<p>While large numbers can be impressive for headlines, they can be a logistical nightmare for a conference. If <a href="https://nonfungible.com/news/corporate/our-report-about-nftnyc" target="_blank" rel="noreferrer noopener">2021’s NFT.NYC was difficult to navigate</a> and decide which events and talks one might attend, this year was near impossible. Everyone would have to pick and choose who they would see, and in doing so, decide who they would miss out on.&nbsp;</p>



<p>The Marriot Marquis was a very impressive setup and location for the event with the 2nd through 9th floor allocated to NFTNYC operations; booths, lounges, exhibitions, dining, and multiple stages for speakers.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://100.96.1.66:3001/app/uploads/2022/07/marriot-hostel-nftnyc2022.jpg" alt="marriot hotel nftnyc 2022" class="wp-image-23567" width="600" height="450" srcset="http://100.96.1.66:3001/app/uploads/2022/07/marriot-hostel-nftnyc2022.jpg 600w, http://100.96.1.66:3001/app/uploads/2022/07/marriot-hostel-nftnyc2022-300x225.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption><em>The Marriot Marquis Hall for the NFT.NYC 2022</em> &#8211;  <em><em>Photo Credit: Connor Goodman</em></em> </figcaption></figure></div>



<p>Then there were side events in addition to all the official conference events! Art shows, after parties, musical performances, and even a secret party at a secret location whose coordinates were only provided to those who were brilliant enough to crack a code and solve a puzzle.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="682" src="http://100.96.1.66:3001/app/uploads/2022/07/cyberbrokers-store-1024x682.jpg" alt="cyberbrokers store" class="wp-image-23565" srcset="http://100.96.1.66:3001/app/uploads/2022/07/cyberbrokers-store-1024x682.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/07/cyberbrokers-store-300x200.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/07/cyberbrokers-store-768x511.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/07/cyberbrokers-store.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em><a href="https://nonfungible.com/market-tracker/cyberbrokers" target="_blank" rel="noreferrer noopener">CyberBrokers</a> side event &#8211;  <em>Photo Credit: CyberBrokers</em></em></figcaption></figure></div>



<h2>Spike Lee on stage at NFT.NYC</h2>



<p>One very notable venue and speaker at this year’s conference was Radio City Music Hall, and the one and only Spike Lee.&nbsp;</p>



<p>Granted, there was some small conversation about New York baseball (see the outfit), but there was also a great conversation on intellectual property, ownership, and drive /&nbsp; grit versus talent. Spike Lee made it clear that there are plenty of talented people in the world, but the ones that stand out are those who “&#8230;put in the work, learn their craft, and do it!”&nbsp;</p>



<p>He saw how NFTs were a new medium and tool to be used for creatives and those looking to get into film. The ability to self fund a film with an NFT collection really stood out, as he stated that funding is one of the most difficult things to accomplish when starting out as a filmmaker.&nbsp;</p>



<p>As an added bonus Spike Lee also shared a wonderful story about his memories from his first NY Knicks game at Madison Square Garden.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="450" src="http://100.96.1.66:3001/app/uploads/2022/07/spike-lee-nftnyc-2022.jpg" alt="spike lee nftnyc 2022" class="wp-image-23563" srcset="http://100.96.1.66:3001/app/uploads/2022/07/spike-lee-nftnyc-2022.jpg 600w, http://100.96.1.66:3001/app/uploads/2022/07/spike-lee-nftnyc-2022-300x225.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption><em>Spike Lee at the NFT.NYC 2022 &#8211; Photo Credit: Connor Goodman</em></figcaption></figure></div>



<h2>NFTs are not dead</h2>



<p>NFTs are not dead, there are many brands and artists who haven’t even begun thinking about how they can utilize this new medium and capabilities for their products and creations.&nbsp;</p>



<p>Maybe it’s a good thing that the hype has slowed, that the over speculative nature of flippers and money markets have cooled down? There are certainly many opportunities to be had in Web3 and from the looks of things we will continue to grow, build, and improve.&nbsp;</p>



<p>Bear market? Build market?</p>



<p>Both.</p>



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



<div class="wp-block-image consulting-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/businesses" target="_blank" rel="noopener"><img loading="lazy" src="http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-consulting-firm-1x115-1-1024x1024.png" alt="We help corporations enter the NFT industry. See our consulting services" class="wp-image-66351" width="512" height="512" srcset="http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-consulting-firm-1x115-1-1024x1024.png 1024w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-consulting-firm-1x115-1-300x300.png 300w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-consulting-firm-1x115-1-150x150.png 150w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-consulting-firm-1x115-1-768x768.png 768w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-consulting-firm-1x115-1-1536x1536.png 1536w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-consulting-firm-1x115-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


We went to the 4th edition of the NFT.NYC which took place in New York from June 20 to 23, 2022. Here are our impressions of the biggest NFT.NYC to date!

Our NFT.NYC 2022 Report


<h2>Shaban Shaame, Crypto OG</h2>



<p><strong>Besancia</strong>: Hello Shaban and thank you for your time! As part of our series on the key players in the ecosystem, I wanted to ask you a few questions. Let&#8217;s start with the first one, can you introduce yourself?</p>



<p><strong>Shaban</strong>: I am the founder of EverdreamSoft and producer of The Spell of Genesis game. Today, I focus on NFTs on different blockchains. For example, with Spell of Genesis, NFTs exist on Bitcoin, Ethereum, and Klaytn. The idea is to leave it up to the user to choose the blockchain where they want to mint their NFTs.&nbsp;</p>



<h2>In 2014, what drove you to get into NFTs?</h2>



<p><strong>Shaban</strong>: In 2012, I heard about Bitcoin with the MtGox flaw and a few articles speaking about Bitcoin going from $50 to $100, then another that said Bitcoin had gone from $100 to $200..I had to get some! Then I really started to take an interest in what was behind it all and I still haven&#8217;t lost interest in it today.</p>



<p>There was some research that caught my attention, it was the Colored Coin. Take a small fraction of Bitcoin and say that it is something else like another currency or an object. The idea of using Blockchain no longer as a currency but rather as an indicator for something else was fascinating!&nbsp;</p>



<p>Then Counterparty came out that solved a problem which existed with Colored Coin. On Colored Coin, if we ever sent an asset to an incompatible address, the data was lost. With Counterparty, this problem was solved. Even with an incompatible one, you didn&#8217;t lose your metadata. At that time, we had a game at Everdreamsoft called Moonga, a collectible card game like Hearthstone.</p>



<p>Players would exchange in-game cards using Paypal then they would try to revert the transaction by contacting the support. This way, they could keep the cards and the money&#8230; </p>



<p>That&#8217;s when we said to ourselves &#8220;what if we emulated the card game directly on-chain?&#8221;. In this way the user is the only master on board and he is solely responsible for the exchange of his cards.</p>



<h2>At that time, were there any technical limitations to using NFTs on Counterparty?</h2>



<p><strong>Shaban</strong>: Not really. The idea was to put metadata on a currency. The transaction fees were very low and it was quite positive. It wasn&#8217;t really a technical limitation, rather an access limitation.&nbsp;</p>



<p>The players who were already following us have not managed to take the crypto train, find Bitcoins, buy Bitcoins, create a wallet&#8230; and the idea of value that the card was going to exist on-chain, <em>ad vitam eternam</em> was not well understood.</p>



<h2>What do you think of the NFT ecosystem today?</h2>



<p><strong>Shaban</strong>: The bet I took in 2015 was that this trend would remain. The strategy I decided to follow was to continue the development of Spell of Genesis. But I also knew that other companies were going to develop their game. So rather than trying to compete with Ubisoft for example, we also started to develop tools for companies.</p>



<p>This is the natural evolution of this bet, I am happy that it evolves but I did not doubt it, on the other hand I am quite surprised at the speed at which it accelerated. It was quite flat and then all of a sudden an explosion of interest so it looks a bit like a bubble rise phenomenon. A bit like in 2017 with ICOs, then it corrected a lot, people said &#8220;it&#8217;s dead&#8230;&#8221; but this is the time when projects and technology are being built in the background.</p>



<p>There is a lot of opportunism but at some point it will correct itself and what will remain are the strong fundamentals. At the moment we are still in a euphoria bubble stage that will correct but we are still at the very beginning.</p>



<h2>How do you see NFTs in the next 5 years?</h2>



<p><strong>Shaban</strong>: At the moment it&#8217;s a bit of a wild west and I think there will soon be a whistle signaling the end of the playground. Right now there are a lot of scams, copyright infringements, a whole bunch of things that are induced by the link between the asset and the token. The tokens are managed by the smart contract but the problem lies in the underlying asset.</p>



<p>For example, I can create the same asset on different blockchains. The token will be unique but not the asset. In relation to this issue, we are working on a decentralized certification authority.</p>



<p><strong>Besancia</strong>: It&#8217;s ambitious.</p>



<p><strong>Shaban</strong>: It&#8217;s ambitious, yes! It is a Blockchain to certify NFTs on any Blockchain. We must find a way to form a consensus that can determine whether a particular NFT is a true or a false one. The problem with a centralized platform is that it won&#8217;t be able to track everything that happens. It has to be decentralized, we can&#8217;t trust only one entity to say &#8220;this is a real one&#8221; or &#8220;this is a fake&#8221;.</p>



<h2>What is the biggest barrier to mainstream adoption of NFTs?</h2>



<p><strong>Shaban</strong>: One of the barriers to mainstream adoption is the number of scams. This is an important issue because it is a matter of trust. An informed user will be able to look at the smart contract and identify if the author is the right one, if the function called is the right one&#8230; For an average user, it is beyond his abilities. It is even dangerous for him to come into this ecosystem, for example on Opensea there are a lot of fakes and it can be very easy to lose money by buying one.</p>



<p>It&#8217;s better that ordinary users are not yet there in the ecosystem because the more they arrive, the more they get scammed and the more there is a form of negative vision about NFTs. We see it in the world of video games with Ubisoft when they announced their NFT&#8230; There has been a huge amount of hate from users.</p>



<p>Why? Because they think it&#8217;s a dark world full of liars and thieves&#8230; But from this outside perspective, when they see their favorite studio enter the NFT, they tell themselves that it has moved to the dark side of the force, only to make more money.</p>



<p>While it&#8217;s not that at all, it&#8217;s much bigger than that, they want to be part of the ongoing revolution.</p>



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



<p>There is little doubt that the world of NFTs will continue to astonish newcomers for some time ahead but having the ability to hear from a true NFT OG puts into perspective the recent hype and shows us how far we have traveled, bringing a vision of the future to come..</p>


During the Non Fungible Conference in Lisbon 4-5th April 2022, we were fortunate to interview key players in the ecosystem. Shaban Shaame from EverdreamSoft was able to answer our questions!

NFT Heroes #9: Shaban Shaame from Everdream Soft


<h2>Jæn, Crypto Artist and Art Director</h2>



<p><strong>Besancia</strong>: Hello Jæn and thank you for your time! As part of <a href="https://nonfungible.com/news/corporate/nft-heroes-07-paul-fxhash" target="_blank" rel="noreferrer noopener">our series on the key players in the ecosystem</a>, I wanted to ask you a few questions, firstly let me ask you to introduce yourself.</p>



<p><strong>Jæn</strong>: I started my artistic career in traditional, physical art, 3D printed street art and augmented reality. I also made a lot of commercial illustrations with clients like Disney, Diesel and PayPal. I had been playing with digital for a while, and I felt that you shouldn&#8217;t necessarily wait until you have a physical justification to create a digital work.</p>



<p>In 2020, when I discovered NFTs it answered all the questions I was asking myself. No need to have a physical medium to enhance digital art. It already works, there is a lively culture.. I switched to full-time at the end of 2020 without hesitation.</p>



<h2>Do you have a project right now?</h2>



<p><strong>Jæn</strong>: Yes! It&#8217;s called The Big Dream, with a collective named Dreame. We managed to form a team of more than 60 artists from all over the planet and above all, with more than 50% women! Parity is something that is very important for this project.&nbsp;</p>



<p>We collect dreams from all over the world. The concept is very simple: just go to <a href="https://big.drea.me" target="_blank" rel="noreferrer noopener">big.drea.me</a> and give your vision of the world in 2030. How would you dream of the world in 2030?</p>



<p>We collected thousands of dreams from all over the world and then the artists drew from this database and illustrated it. It&#8217;s really quite a moving and special experience, it feels like you&#8217;re digging into the subconscious of humanity.</p>



<p>Among these artworks, we made 500 that we then merged to make a single large one. This set has already been exhibited all around the world: Time Square, Shibuya, Spain, London&#8230; And we want to continue to go around the world to continue to bring people and their dreams closer together through this artistic project!</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="955" height="728" src="http://100.96.1.66:3001/app/uploads/2022/05/dreame-exhibit-location.jpg" alt="dreame exhibit location" class="wp-image-22721" srcset="http://100.96.1.66:3001/app/uploads/2022/05/dreame-exhibit-location.jpg 955w, http://100.96.1.66:3001/app/uploads/2022/05/dreame-exhibit-location-300x229.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/05/dreame-exhibit-location-768x585.jpg 768w" sizes="(max-width: 955px) 100vw, 955px" /><figcaption><a href="https://www.big.drea.me/" target="_blank" rel="noreferrer noopener">Drea.me</a> exhibition location</figcaption></figure></div>



<p>This big patchwork new work was sold as an <a href="https://niftygateway.com/marketplace/collection/0x7a40dceff3693d6274a17bc11b00ab1afaa8a581" target="_blank" rel="noreferrer noopener">open edition on Nifty Gateway</a>. And this collage was also sent to the International Space Station to be exhibited inside, the first crypto art to do so!</p>



<p>There will also be an auction of a unique edition that will allow the collector to choose from the 500 works in order to make it a &#8220;curated collection&#8221;. A third of the profits generated by the sales of this new collection would be donated to the artist selected by the collector, a third to whole collection, and therefore a third to the Collector-Curator. That’s the current plan.</p>



<p>15% of the sales will be donated to charities in total, 10% of which will be managed by the collectors of the 2 NFTs, with a distribution inspired by the dreams collected. For example, if there are 15% who dream of stopping the war in the world, 15% of the funds will be used for this cause.</p>



<h2>How do you see the NFT ecosystem in 5 years?</h2>



<p><strong>Jæn</strong>: It&#8217;s complicated, there are a lot of predictions. Everyone gets excited about blockchain gaming but it&#8217;s when everyone is excited about something that you need to take a step back right? I’ve noticed that the game design, scenario, or gameplay parts are often overlooked in the &#8216;<a href="https://nonfungible.com/academy/nft/gamefi-play-to-earn" target="_blank" rel="noreferrer noopener">Play to Earn</a>&#8216; (P2E) games I’ve seen. Players are happy to make money but don&#8217;t say &#8220;I&#8217;m happy playing the game&#8221;.</p>



<p>Some say that art or visual creation will fade with NFTs. I disagree with that, every artist manages to use NFTs in a way so specific to them that it will necessarily give way to something very interesting. I don&#8217;t see a logical explanation why <a href="https://nonfungible.com/news/art/the-cryptoart-movement" target="_blank" rel="noreferrer noopener">crypto-art</a> would go away.</p>



<p>I also think that NFTs will develop into everyday applications, with <a href="https://nonfungible.com/news/utility/fixing-event-ticketing-with-nft" target="_blank" rel="noreferrer noopener">NFT concert tickets</a> or membership passes for example. By a big adoption, rather a generalization. To return to art, generative art is finding its place but it is especially programmable art that I find incredible. On Async Art, in particular, there is no need to know how to code to make programmable art! For a code newbie like me, it&#8217;s just perfect. If this could be the direction that NFTs are taking in the future, tout would be the dream!</p>



<h2>In your opinion, what is the barrier to NFT &#8220;mass adoption&#8221; by the general public?</h2>



<p><strong>Jæn</strong>: I would say learning how to manage a wallet. Even if today there are custodial solutions that allow you to have a wallet just thanks to a login and a password, this brings some complications. For example, with our drop on Nifty Gateway, we realized that as long as the NFT was held on the platform, it did not really exist. You can&#8217;t interact with it (except with an API but it&#8217;s extremely complicated). It&#8217;s good for a bigger adoption but it has limits.</p>



<p>I don&#8217;t really see how to simplify it, maybe it just takes time for people to learn <a href="https://nonfungible.com/academy/nft/buying-first-nft" target="_blank" rel="noreferrer noopener">how to set up a crypto wallet</a>?</p>



<h2>Conclusion</h2>



<p>As we progress through our series of interviews with ecosystem players, it becomes so apparent that the future will be rich with innovative ideas and projects.&nbsp;</p>



<p>These will no doubt form the basis for a new digital reality likely to span over the next few decades shaping the world to come across multiple industries.</p>



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



<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://100.96.1.66:3001/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://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png 1024w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-300x300.png 300w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-150x150.png 150w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-768x768.png 768w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1536x1536.png 1536w, http://100.96.1.66:3001/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


During the Non Fungible Conference in Lisbon, which took place 4-5 April 2022, we were honored to have been able to interview key players from across the NFT ecosystem. We were very fortunate to have the opportunity to speak with crypto artist Jæn who was kind enough to answer our questions!

NFT Heroes #8: Jæn

<p>BAYC is a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.</p>


Collectible

Bored Ape Yacht Club

<p>10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement. An inspiration for the Ethereum ERC-721 standard that powers most digital art and collectibles. No two punks are alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone on the Ethereum marketplace contract. Via the market, you can buy, bid on, and offer punks for sale.</p>


10,000 unique collectible 8-bit punk characters.

CryptoPunks

<p>Otherside is a gamified, interoperable metaverse currently under development by Yuga Labs. Players will own the world, NFTs can become playable characters, and thousands will be able to play together in real time.</p>
<p>Every Otherdeed is a dynamic NFT, built as a collection of all of its elements, from resources to Kodas — the primal beings that have ushered us into the Otherside. Land owners can participate in demos, prototypes, and test builds that shape the final game design and experience.</p>
<p>Where the swamp ends, the Otherside begins.</p>


Where the swamp ends, the Otherside begins

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