
<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>


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. </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>


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-62fd6e096f85f 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-62fd6e096fe6f 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-62fd6e097033c 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-62fd6e097090e 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>: For making the magic happen</li></ul>



<div class="wp-container-62fd6e0970fdc wp-block-buttons">
<div class="wp-block-button"><a class="wp-block-button__link" href="https://nonfungible.com/academy" target="_blank" rel="noreferrer noopener">Discover our NFT academy</a></div>
</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 /  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!” </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>


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. </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>


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


<h2>Paul, Growth &amp; Community Manager at fxhash</h2>



<p><strong>Besancia</strong>: Hello Paul and thank you for your time! As part of <a href="https://nonfungible.com/news/corporate/nft-heroes-gaspard-broustine-ledger" target="_blank" rel="noreferrer noopener">our series on the key players in the ecosystem</a>, I wanted to ask you a few questions. Let&#8217;s start with the first one, can you introduce yourself?</p>



<p><strong>Paul</strong>: I’m a fxhash community manager and, together with others, am responsible for the platform’s growth. fxhash is a platform for creating and collecting generative art NFTs on the Tezos blockchain. Since launching in 2021, we’ve witnessed an explosion of interest in creating art with code and have given that art a home – we don’t curate the platform, so anyone can release an NFT art project here. </p>



<h2>How did you discover NFTs?</h2>



<p><strong>Paul</strong>: I originally discovered NFTs because of the Beeple sale, which I think makes me an NFT late bloomer! Afterward, I seemed to read about NFTs everywhere I turned until I finally discovered <a href="https://nonfungible.com/market-tracker/artblocks" target="_blank" rel="noreferrer noopener">Art Blocks</a>. However, I was instantly priced out of AB works and didn’t want to pay the obscene ETH gas prices, nor could I ignore <a href="https://nonfungible.com/academy/ecosystem/nfts-impact-environment" target="_blank" rel="noreferrer noopener">the environmental impact of ‘Proof of Work’ blockchains</a>. </p>



<p>So, while my generative art obsession became stronger, I sought out an environmentally-friendly alternative and discovered <a href="https://tezos.com/" target="_blank" rel="noreferrer noopener">Tezos</a> and the legendary Hic et Nunc art platform (it is now extinct but the community has created its own version called <a href="https://teia.art/" target="_blank" rel="noreferrer noopener">Teia</a>). After that, it was game over – I was full-blown addicted to NFTs.</p>



<h2>Do you think NFT and generative art changed traditional digital art?</h2>



<p><strong>Paul</strong>: Yes, without a doubt. Generative art and NFTs are a powerful combination that is taking digital art to its limits – and even beyond them. Before NFTs, there was no real, immutable, and decentralized way to prove ownership of a digital item. But now, because of NFTs, we can easily confer the same uniqueness physical objects have enjoyed to digitally native things like art. </p>



<p>Generative art NFTs stretch this paradigm even further. An artist’s algorithm can often produce an unlimited quantity of unique iterations, each of them a part of the meta-project with easily identifiable provenance, yet they also exist as singular assets.</p>



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



<p><strong>Paul </strong>: In five years, we will no longer be speaking about NFTs because they’ll be the default standard for asset issuance, ownership, and authenticity. NFTs will be everywhere, likely backing many things we take for granted today, like event tickets and deeds. Since NFTs will back the authenticity of most, if not all transactable objects, we’ll probably drop the whole “NFT” thing. So, art NFTs will just be art.&nbsp;</p>



<h2>What is the biggest barrier to NFT Mass adoption?</h2>



<p><strong>Paul</strong>: Right now, I think it’s the onboarding. There are still a lot of technical terms, it’s super geeky… Look, there’s Gucci making an NFT drop but it looks like they didn’t know how to do it. You still have to create a wallet, which introduces technical difficulties and special knowledge requirements. We’re still in the Wild West days for NFT adoption – it’s going to take tons of education, outreach, and simplifying the user experience before NFTs gain true mass adoption. </p>



<h2>Any preferred Art Generative project?</h2>



<p><strong>Paul</strong>: <a href="https://www.fxhash.xyz/marketplace/generative/2969" target="_blank" rel="noreferrer noopener">Garden, Monoliths by Zancan</a> is my goal right now. It’s such a beautiful and exceptional work of art, and it’s also hard to believe it’s created with code. Garden, Monoliths (or <em>Gardens</em> for short) also perfectly represents the NFT generative art renaissance happening on Tezos now. Tezos uses 2 million times <em>less</em> energy than Ethereum, making it a truly green blockchain, thus preserving more greenspace for IRL gardens, too.</p>



<h2>What if<strong> </strong>I love Generative art but I don’t know how to code?</h2>



<p><strong>Paul</strong>: Actually, me neither! But what’s great about fxhash is you can see and read the code to understand the artist’s logic and creative process. Everybody can see and comment on the code – and thanks to this transparency, it’s easy to verify an artwork’s originality and also set the artist’s signature in stone on the blockchain.&nbsp;</p>



<p>The <a href="https://discord.com/invite/fxhash" target="_blank" rel="noreferrer noopener">fxhash discord</a> is also a great place to congregate if you want to learn to code &#8211; there are super successful artists who are humble enough to just chill in the support channels and help anyone trying to learn.</p>



<h2>Any future projects?</h2>



<p><strong>Paul</strong>: Not right now. We are fully focused on fxhash because it’s still very early and young and we need to continue building core platform features, even after our release of the full platform.&nbsp;</p>



<p>Our current focus is on empowering everyday collectors to become curators, giving artists even more modularity for dropping new artwork, and further enhancing current marketplace features.&nbsp;</p>



<h2>Conclusion</h2>



<p>Fascinating to see how people who call themselves late to the scene are building core ecosystem projects such as fxhash.&nbsp;</p>



<p>The question arises, are they truly late or, more likely, are these recent passionate members of the ecosystem merely joining a growing movement that will continue to expand for decades to come?</p>


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. Paul, Growth & Community Manager at fxhash answered our questions!

NFT Heroes #7: Paul from fxhash


<p>We have been part of the Ethereum NFT Ecosystem since its infancy and one of our core ethos has always been to bring transparency and education to the space.</p>



<p>The financial element around NFTs, although an integral part, can go some way to distracting with hype from the innovative technology behind every new project.</p>



<p>We provide free NFT data and free market reports to give to everyone the most accurate overview of the NFT market. As with every other NFT builder in the ecosystem, our product is being improved on an ongoing basis.&nbsp;</p>



<p>Here are some insights to assist with understanding how to use our data to its fullest potential and where we’re heading this year.</p>



<h2>Which blockchains we’re tracking and how we use data</h2>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://100.96.1.66:3001/app/uploads/2022/05/Blockchain-Data-tracked-for-our-2021-Yearly-Report.jpg" alt="Blockchain Data tracked for nonfungible.com 2021 Yearly Report" class="wp-image-21304" width="637" height="474" srcset="http://100.96.1.66:3001/app/uploads/2022/05/Blockchain-Data-tracked-for-our-2021-Yearly-Report.jpg 849w, http://100.96.1.66:3001/app/uploads/2022/05/Blockchain-Data-tracked-for-our-2021-Yearly-Report-300x223.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/05/Blockchain-Data-tracked-for-our-2021-Yearly-Report-768x572.jpg 768w" sizes="(max-width: 637px) 100vw, 637px" /><figcaption><em>Blockchain Data tracked for our </em><a href="https://nonfungible.com/reports/2021/en/yearly-nft-market-report" target="_blank" rel="noreferrer noopener"><em>2021 Yearly Report</em></a></figcaption></figure></div>



<p>Today, we’re tracking the NFT sales on three blockchains :&nbsp;</p>



<ul><li>ERC-721 on Ethereum (no ERC-1155 yet),&nbsp;</li><li>Flow</li><li>Ronin</li></ul>



<p>All the data we’re using are coming straight from the blockchain.&nbsp;</p>



<p>No API.&nbsp;</p>



<p>No third-party.&nbsp;</p>



<p><br>We run a full-archive Ethereum Node and develop proprietary technology to track all the NFT sales regardless of the project, currency, or marketplace.</p>



<p>We have read-access to the Flow network.<br>We are the <a href="https://explorer.roninchain.com/validators" target="_blank" rel="noreferrer noopener">longest-running validator of the Ronin network</a>.</p>



<p>We currently track Ethereum, Ronin, and Flow but Ethereum data has been the only one displayed on the website so far. The good news is: the two other chains will be available shortly but that does mean the current backfilling is currently impacting the market tracker for the time being.</p>



<h2>Our values: integrity, transparency &amp; clarity</h2>



<p>Every day, we keep improving our methodology and our tools in accordance with the “Web3 ethos”.&nbsp;</p>



<p><strong>Integrity in the NFT market is one of our goals.</strong></p>



<p>It’s easy to be misled by data in our industry so we purposefully choose to only present to you information we are 100% sure of.</p>



<p>That’s why some marketplaces such as <a href="https://rarible.com/" target="_blank" rel="noreferrer noopener">Rarible</a>, <a href="https://x2y2.io/" target="_blank" rel="noreferrer noopener">X2Y2</a>, or <a href="https://looksrare.org/" target="_blank" rel="noreferrer noopener">Looksrare</a> are not included in our data. The reward offered on these marketplaces incentivizes wash trading. Therefore, we do not count these sales as legitimate. We look forward to presenting this data when we’ll have the tools to automatically identify the outliers in real-time.</p>



<p>In the meantime, feel free to <a href="https://nonfungible.com/reports/2021/en/special-safe-practices" target="_blank" rel="noreferrer noopener">check out our free “NFT Good Practices” guide</a>.</p>



<p>We will always verify first: we do see every NFT collection when they come out but we choose to check the smart contract before adding the metadata to our database.&nbsp;</p>



<p><strong><strong>To ensure data transparency, we build all of our own tracking &amp; analysis tools.</strong></strong></p>



<p>This requires expertise and time, and just like any other technology-based activity, bugs can and do occur. We’re happy to discuss our methodology or what features should be added with you. Feel free to <a href="https://nonfungible.com/bug-report" target="_blank" rel="noreferrer noopener">report any bug</a> you might come across on our website.&nbsp;</p>



<p><strong>Finally, we aim to be as clear and transparent as possible with our audience</strong>. That’s why our methodology is explained in every report or analysis we release.</p>



<h2>Our next moves</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="758" src="http://100.96.1.66:3001/app/uploads/2022/05/our-next-moves-at-NonFungible-1024x758.jpg" alt="our next moves at NonFungible" class="wp-image-21306" srcset="http://100.96.1.66:3001/app/uploads/2022/05/our-next-moves-at-NonFungible-1024x758.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/05/our-next-moves-at-NonFungible-300x222.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/05/our-next-moves-at-NonFungible-768x569.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/05/our-next-moves-at-NonFungible-1536x1138.jpg 1536w, http://100.96.1.66:3001/app/uploads/2022/05/our-next-moves-at-NonFungible.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Our next moves at NonFungible.com</em></figcaption></figure></div>



<p><strong>A supercharged team</strong></p>



<p>The tracking of new chains took us somewhat longer than initially anticipated. This is due to certain complexities which is to be expected with such fringe technology.&nbsp;</p>



<p>But here’s the good news: we’re now listing new projects every week and planning to add more blockchains on our Market Tracker.&nbsp;</p>



<p>Ronin was added for Axie Infinity in April 2022.&nbsp;</p>



<p>Flow is included in our <a href="https://nonfungible.com/reports/2022/en/q1-quarterly-nft-market-report" target="_blank" rel="noreferrer noopener">latest report</a>.</p>



<p>So you can guess who will be next on our website&#8230;&nbsp;</p>



<p>And they won’t be the only ones to be added this year!</p>



<p>Even if we’re not “testing in production”, there will be bugs and there will be backfilling sessions. We keep an eye on this and we’re always thankful for bug reports from your side.</p>



<p>We are proud to be so prominent and trusted in the space by so many newcomers and OGs alike. We&#8217;re still building out the tools we’ve imagined existing since 2017: a marketplace-agnostic NFT tracker to help everyone access the most accurate and complete NFT data possible.&nbsp;</p>



<p><strong>Building Web3 in a collaborative way is the only way we trust and we will continue to bring you tools and data.</strong></p>


We’re providing free NFT data & reports to give you the most accurate overview of the NFT market. Here’s how to use our data and where we’re heading this year.

Our commitment to building a better Web3


<p>The NFT market experienced strong euphoria in 2021, mainly driven by the Collectibles segment. But at the end of the year, the various volumes began to decline and this trend continued in the first quarter of 2022. This is explained in particular by a rather complex geopolitical context but not only.</p>



<ul><li>How has the war in Ukraine affected the NFT market?</li><li>What were the trends that marked this first quarter?</li><li>Is the NFT market dead?</li></ul>



<h2><strong>Quarterly NFT Market Report Q1 2022 &#8211; Summary</strong></h2>



<p>With 54 pages dedicated to the analysis of the NFT market for the first quarter of 2022, here is the summary of the different chapters that you can find there:</p>



<p><strong>1 &#8211; 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 Q1</strong></p>



<p><strong>3 – Overall performance</strong></p>



<ul><li>Q1 2022 Performance</li></ul>



<p><strong>4 &#8211; 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>Shaban Shaame from EverDreamSoft</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 &#8211; Focus by segment</strong></p>



<ul><li>Art</li><li>Collectibles</li><li>Gaming</li><li>Metaverses</li><li>Utilities</li></ul>



<p><strong>8 &#8211; 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>



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<h2><strong>How the NFT Market reacted to the Ukraine war</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="900" height="584" src="http://100.96.1.66:3001/app/uploads/2022/04/Google-trends-NFTs-Ukraine-Q1-2022.jpg" alt="Google trends NFTs Ukraine Q1 2022" class="wp-image-21102" srcset="http://100.96.1.66:3001/app/uploads/2022/04/Google-trends-NFTs-Ukraine-Q1-2022.jpg 900w, http://100.96.1.66:3001/app/uploads/2022/04/Google-trends-NFTs-Ukraine-Q1-2022-300x195.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/04/Google-trends-NFTs-Ukraine-Q1-2022-768x498.jpg 768w" sizes="(max-width: 900px) 100vw, 900px" /><figcaption><em>Search volume around &#8220;Non Fungible Tokens&#8221; &amp; &#8220;Ukraine&#8221; Topics. Source: Google Trends</em></figcaption></figure></div>



<p>One of the most significant events of this first quarter is the war in Ukraine. This is probably what has marked the biggest brake in the industry as we can see on this Google Trends search chart.</p>



<p>With the media oversaturating on the subject towards the end of the year, it was natural for the interest to drop. Another important factor is the Fed&#8217;s announcements at the beginning of the year regarding the slowdown in &#8220;anti-covid&#8221; financial measures.&nbsp;</p>



<h2><strong>Global NFT performance</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="677" height="588" src="http://100.96.1.66:3001/app/uploads/2022/04/Global-NFT-Performance-Q1-2022.jpg" alt="Global NFT Performance Q1 2022" class="wp-image-21096" srcset="http://100.96.1.66:3001/app/uploads/2022/04/Global-NFT-Performance-Q1-2022.jpg 677w, http://100.96.1.66:3001/app/uploads/2022/04/Global-NFT-Performance-Q1-2022-300x261.jpg 300w" sizes="(max-width: 677px) 100vw, 677px" /><figcaption><em>Global NFT Performance Q1 2022</em></figcaption></figure></div>



<p>Overall, the indicators are bearish. As we announced in our 2021 annual report, a decrease in NFT sales volume due to the saturation of the collectible market was to be expected. Many projects, such as Profile Picture (PFP) with a 10,000 asset supply have declined sharply to make way for projects with less supply.</p>



<p>However, this drop in sales volume is accompanied by a much smaller drop in the volume of dollars traded (only 5% drop).</p>



<p>Although the number of active wallets is also decreasing, the number of buyers is still higher than the number of sellers which means that the interest in buying NFT is still present.</p>



<p>With nearly $8 billion traded in the first quarter of 2022, the market cannot really be considered to have collapsed. We are observing a stabilization of the NFT market, in line with the last quarter of 2021.</p>



<p>However, two indicators are on the rise:</p>



<ul><li>The number of smart contracts increased by 10.46%, from 1,271 in Q4 2021 to 1,404 in Q1 2022</li><li>The average price of non-fungible tokens&nbsp; increased by 80%, from $587 in Q4 2021 to $1,057 in Q1 2022</li></ul>



<p>The increase in the number of smart contracts means an increase in the number of projects that are created and are active. The builders of web3 are still present, and their number is increasing. The average price of NFTs was driven by sales of &#8220;bluechips&#8221; projects such as <a href="https://nonfungible.com/market-tracker/boredapeclub" target="_blank" rel="noreferrer noopener">Bored Ape 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/azuki" target="_blank" rel="noreferrer noopener">Azuki </a>or <a href="https://nonfungible.com/market-tracker/cyberbrokers" target="_blank" rel="noreferrer noopener">Cyberbrokers</a>.</p>



<p>Find more advanced metrics in our report !</p>



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<h2><strong>Primary and secondary NFT Market</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="442" src="http://100.96.1.66:3001/app/uploads/2022/04/Sales-USD-number-NFT-sales-Q1-2022-1024x442.jpg" alt="Sales USD number NFT sales Q1 2022" class="wp-image-21100" srcset="http://100.96.1.66:3001/app/uploads/2022/04/Sales-USD-number-NFT-sales-Q1-2022-1024x442.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/04/Sales-USD-number-NFT-sales-Q1-2022-300x129.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/04/Sales-USD-number-NFT-sales-Q1-2022-768x331.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/04/Sales-USD-number-NFT-sales-Q1-2022.jpg 1046w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Volume of sales and dollars traded. NFT Primary market and Secondary market (Q1 2022)</em></figcaption></figure></div>



<p>The secondary market represents almost 90% of the value in circulation for approximately 70% of the sales volume.</p>



<p>As a reminder, the secondary market in 2021 represented:</p>



<ul><li>47% of transactions</li><li>82% of the value traded</li></ul>



<p>We observe here a very clear decline in the primary market, which is explained by a (healthy) slowdown in the production of assets on the market. The frenzy of new NFTs seems to have slowed and most of the value remains in the secondary market.</p>



<p>This trend gives the feeling that the secondary market is still trying to “digest” all the NFTs that were issued in the primary market last year. We are in a post-saturation phase of the market, which helps to explain this slowdown.</p>



<p>Find more advanced metrics in our report !</p>



<h2><strong>NFT Activity by segment</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="708" height="749" src="http://100.96.1.66:3001/app/uploads/2022/04/NFT-segment-activity-Q1-2022.jpg" alt="NFT segment activity Q1 2022" class="wp-image-21098" srcset="http://100.96.1.66:3001/app/uploads/2022/04/NFT-segment-activity-Q1-2022.jpg 708w, http://100.96.1.66:3001/app/uploads/2022/04/NFT-segment-activity-Q1-2022-284x300.jpg 284w" sizes="(max-width: 708px) 100vw, 708px" /><figcaption><em>Breakdown of NFT activity by segment</em></figcaption></figure></div>



<p>Several conclusions emerge from these charts:</p>



<ul><li><a href="https://nonfungible.com/market-tracker?segment=collectible&amp;days=7" target="_blank" rel="noreferrer noopener">Collectibles </a>represent a larger share than ever in the NFTs markets with nearly 80% of the total volume traded.&nbsp;</li><li><a href="https://nonfungible.com/market-tracker?segment=game&amp;days=7" target="_blank" rel="noreferrer noopener">Blockchain Gaming</a> remains a major segment in the number of sales and active wallets. However, this segment is dominated by Axie Infinity.</li><li>The <a href="https://nonfungible.com/market-tracker?segment=metaverse&amp;days=7" target="_blank" rel="noreferrer noopener">Metaverses</a>, although over-hyped, currently represent only a minor part of the overall NFT industry.</li></ul>



<p>However, each segment has its own interpretation. It’s normal to have a high asset supply for video games but a low one for Metaverse.&nbsp; <a href="https://nonfungible.com/market-tracker?segment=art&amp;days=7">Art</a> is not intended to present the same liquidity as the Collectibles segment.</p>



<h2><strong>The NFT market is stabilizing</strong></h2>



<p>The great novelty of this quarter is undoubtedly the evolution of profitability in the NFT markets. Making a profit in NFTs in 2022 won’t be as easy as 2021. That said, we can stay optimistic about the future of the NFT industry.</p>



<p>Yes, the asset, USD and active wallet volume decreased compared to the Q4 2021. But compared to the Q1 2021, volume is still very encouraging! Remember that this market was built after the initial coin offering (ICO) period of 2017 and therefore, is very resilient to the crypto-market volatility.&nbsp;</p>



<p>Those who entered the NFT industry in 2021 and hoped that the hyper-growth to continue at the same pace must have some mixed feelings about this industry. However, we truly believe that we’re living the opening of a new chapter. What will it be? Presumably something around the construction of bigger, more ambitious NFT projects and new experiments.</p>



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Following the publication of our annual performance report of the 2021 NFT market, 2022 starts with a more complex global-political context than ever. 

Our NFT Market Report Q1 2022 is published


<h2>Gaspard Broustine, NFT Project Manager at Ledger.</h2>



<p><strong>Besancia</strong>: Hello Gaspard and thank you for your time! As part of <a href="https://nonfungible.com/news/corporate/nonfungible-heroes-matty-dclblogger" target="_blank" rel="noreferrer noopener">our series on the key players in the ecosystem</a>, I wanted to ask you a few questions. Let&#8217;s start with the first one, can you introduce yourself?</p>



<p><strong>Gaspard</strong>: I&#8217;m a collector of NFTs, that&#8217;s how I got into the world of Web3, Crypto and Digital Art. It was in 2019 that I realized, during my readings, it was possible to collect Digital Art.</p>



<p>The certificate of authenticity of an artwork is the most important element in traditional art. We can view original works of art with carbon 14 or thanks to the DNA contained in the canvas. But if there is no certificate of authenticity it can be almost impossible to sell.</p>



<p>The blockchain, by its technology, solves this problem in particular thanks to NFTs&#8230; and when I realized it, I started collecting them.</p>



<h2>How did you get to Ledger and what is your role?</h2>



<p><strong>Gaspard</strong>: When the world of NFTs exploded in the traditional sector, I told myself that I was going to spend my full time in my passion, and so I applied to Ledger.</p>



<p>My mission, these recent months, has been to upgrade all the features of Ledger products for NFTs. The problem we want to solve at Ledger is around the safety of users. In the <a href="https://www.ledger.com/ledger-live" target="_blank" rel="noreferrer noopener">Ledger Live</a> software, it is possible to interact directly with your hardware wallet and since recently, it is especially possible to interact with NFTs.</p>



<p>Either receiving or sending them..it seems like nothing but making everything work on Ledger Live is not always easy: NFTs are the fusion of Web2 and Web3. The images metadata are still hosted on servers (web2).</p>



<p>So we try to make sure that we only depend on one entity to be able to retrieve and display NFT metadata. As much as possible, we want to be able to retrieve as much metadata as possible on our side so that we can be totally independent.</p>



<p>Regarding the sending of NFTs, one of the current concerns is the &#8220;blind signing&#8221; which, as its name suggests, does not say what you sign when you send an NFT. This means that the user can sign just about anything (such as authorizing token spending without the user being aware of it) .</p>



<p>My role as a NFT Project Manager is therefore, on the one hand, to find secure solutions for the display of NFTs in Ledger Live and, on the other hand, to make possible a visible and understandable reading of the outgoing information on the Ledger screen.</p>



<h2>What do you think is the biggest obstacle to the &#8220;mass adoption&#8221; of NFTs by the general public?</h2>



<p><strong>Gaspard</strong>: The biggest difficulty to NFT mass adoption is the ease of use. Especially for Ledger because we are a security solution so it requires additional steps to set up your wallet the first time. It takes time to educate new users or artists on what a blockchain is… as it is a new technology, it is not obvious. However, it is necessary to understand the basic principles before you can use it, even if it is complicated. Cryptography is mathematics, public key/private keys&#8230; The ramp to cryptos and NFTs is therefore a bit rough!</p>



<p>Even if hot wallets like Metamask facilitate access to crypto, they still give only an illusion of control. Indeed, the user is more vulnerable to attacks than a hardware wallet owner like a Ledger.</p>



<p>Another limitation for the adoption of NFTs is, in my opinion, that we are still too much dependent on web2 technologies.</p>



<p><strong>Besancia</strong>: You mean it would be easier for you to manage <a href="https://nonfungible.com/news/opinions/importance-onchain-nft" target="_blank" rel="noreferrer noopener">on-chain NFTs</a>?</p>



<p><strong>Gaspard</strong>: Of course! But with the technical limitations of Ethereum, it&#8217;s extremely difficult to have completely on-chain images. Fortunately there are Layer 2s coming.</p>



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



<p><strong>Gaspard</strong>: I think art and culture will continue to adopt NFTs massively. Cinema, digital art, brands will also offer NFTs to their customers in the future. I really think that the wallet will be the equivalent of a digital identity in the future. This will first affect art but then many other sectors.</p>



<p><strong>Besancia</strong>: rather bullish then?</p>



<p><strong>Gaspard</strong>: Completely bullish!</p>



<h2>Conclusion</h2>



<p>As the adoption of digital assets continues to grow, it’ sawesome to have the opportunity to meet the people who are shaping the technology around this ecosystem. Many thanks to Gaspard and we look forward to bringing you more interviews taken during our time at NFT Lisbon! </p>



<p><em>Illustration of the article: Portrait of Gaspard Broustine taken at the NonFungible Conference on April 4th 2022 in Lisbon, photo credit: Camille Dufresne</em></p>


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. Gaspard Broustine, NFT Project Manager at Ledger was the first to answer our questions!

NFT Heroes #6: Gaspard Broustine from Ledger

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<p>The Music Apes have a dream&#8230;to hold a guitar and sing on a big stage!</p>


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