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

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

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

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

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

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

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

Q2 NFT Market Report 2022

<ol><li>The fundamentals</li><li>A look back at Q2 2022</li><li>Overall performance Q2 2022</li><li>Detailed performance (search volume, performance by segment, market distribution by project etc.)</li><li>Interview of John Karp from the Non Fungible Conference & NFT Factory</li><li>Profits & losses on the market (profit & loss per segment over time, most profitable projects etc.)</li><li>Focus by segment (key metrics about: crypto-art, collectibles, gaming, metaverses, utilities)</li><li>Conclusion</li></ol>

Quarterly NFT Market Report

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

Collectibles are the predominant segment in the industry, far ahead of Art or even the Metaverses.

The general public seems to be losing interest in NFTs, if the search volume on Google is to be believed.

For the first time, some segments show a negative balance: Gaming shows a total loss of almost $50 million on the segment, which makes it the least profitable segment of the industry from a trading point of view.

The resale profit volume is down 3% while the total loss volume is up nearly 50% compared to the previous quarter.

Q1 Report 2022

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

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

These reports are designed for curious newcomers as well as experienced investors.

Collectibles is probably the segment that is running out of steam in favor of Metaverses and Blockchain Gaming.

With over $5 billion in profit recorded in NFT trading, speculation is an integral part of this market. But this is a more complex activity than it seems...

Markets gradually became saturated with the issuance of millions of new NFTs. How have the markets reacted to this unbridled multiplication of assets?

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

Yearly Report 2021

"NFT" was declared word of the year 2021. This is not surprising given the exponential growth of the industry. Between unprecedented opportunities, excessive speculation and new economic models: where are we?

The 200 pages, 70 metrics and 15 interviews of this report have been designed to give you the most complete and up-to-date overview of the different facets of the NFT industry.



Yearly NFT Market Report

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

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

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

Record USD volume for NFT sales

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

Market Distribution

Q3 Report 2021

The recent growth of the NFT industry has been almost unbelievable. In just a few short months, the $billion-dollar mark has been crossed in traded NFTs, followed by $billion per quarter and only then to be surpassed by $billion per month.

The market we see evolving today is a market that is growing at an exponential rate, with unprecedented liquidity but it is also even more of a speculative and volatile market than ever before.

The current market growth dictates that all investors and NFT stakeholders should pay extra attention as Triple-digit growth goes hand in hand with market instability, unrealistic expectations and potential disappointments.

Data doesn’t lie. At NonFungible we analyze it and make the complex simple and freely accessible for everyone.

The NFT Market has been in full craze mode since the start of the year. We have witnessed multi-million-dollar sales almost every week with new projects announced each day, copycats are being created from copycats.

There are numerous NFT projects, with dozens of new promising ones popping up everyday. Sometimes, because of misleading marketing campaigns or inflated market volumes, it may be complicated to truly identify what is a promising project and what is not.

You have probably read on a lot of related websites that you should “DYOR” or “Do Your Own Research” before purchasing any asset, but where should you start and what is the right criteria? This section is intended to help you drive forward your own due diligence before investing into any NFT project or purchasing an asset.

As the NFT ecosystem is already extremely broad, from Art to Gaming and Metaverses, the due diligence process is necessarily different depending on the particular asset type.

What to check before buying an NFT?

As mentioned earlier, the objective of our work in this report is to help everyone gain autonomy in their analysis of the NFT Markets, with the right tools and the necessary knowledge.

Before going into further detail in this section, we must return to the assumption which is at the origin of our research work: "There is Wash Trading in the NFT Market". In order to validate this hypothesis and to succeed in quantifying Wash Trading, it is first necessary to identify in what form this Wash Trading takes place, how to recognize it and what reasonable doubts lead us to consider this or that transaction is an illegitimate one.

Is there wash trading in NFT markets?

Good Practices guide

We have always done our best to help the NFT industry remain as healthy and transparent as possible. In recent years, we have published several articles* on the risks and abuses within the ecosystem** in an effort to raise awareness among the various stakeholders. This year, we have decided to go even further and publish a comprehensive report which covers the good practices of Due Diligence in Wash Trading.

The purpose behind this report can be divided into five objectives:<ol><li>To make the NFT world a healthier place for everyone.</li><li>Bring further transparency and honesty to the booming NFT Markets.</li><li>Reduce the volume of suspicious transactions.</li><li>Ensure the long-term sustainability of this market.</li><li>Promote individual responsibility, i.e: Do Your Own Research “DYOR”, Due Diligence, community whistleblowing etc...</li></ol>


<p>In this article we will present how to analyze an NFT project before making the decision to mint.</p>



<p>it is essential to ask yourself the right questions before minting an NFT from any new project and to have the correct reflexes to protect yourself! Several key indicators should be taken into account: the team and roadmap, the community (Discord and Twitter), the scarcity and price, the technology and of course the underlying project (art and utility).</p>



<h2>The Team and the Roadmap</h2>



<h3>The Team&nbsp;</h3>



<p>The analysis of the team is an important point to consider. The first question to ask is: is the team anonymous, partially anonymous or completely known (doxxed)?</p>



<p>It is preferable that the team does not remain anonymous, i.e. that we know their names, ages, professional experiences, etc. as you are less likely to be confronted with certain risks (rug, soft rug, project dropouts, etc.) That being said, if the team is anonymous, as some successful projects have been, it&#8217;s not so surprising to find this in the web3.0 ecosystem.</p>



<p>If the team is doxxed, what do you need to know about their history? If you are able to assess their relevant past experience, questions worth asking are: is it related to the field of NFTs? Do they have any previous reputation in the field? The founders do not have to be famous, nevertheless , they should have some valid and relevant experience.</p>



<p>Finally, can we also assess the reputation of the team? For instance if a member has already been involved in a dubious project then this would be a serious red flag. On the contrary, if one of the founders has already been involved in a successful project, then that would be considered to be a very positive point.</p>



<h3>Roadmap</h3>



<p>It is important to look at the roadmap even if it is often simply a future vision for the project. The best policy is to favor original projects with a realistic vision. Also, you must be aware that the roadmap is rarely adheaded to in reality, as its content is based on a project&#8217;s future intentions rather than on a rigid structure.</p>



<p>On the other hand, you can evaluate the projected realistic approach of the roadmap in relation to the financial resources of the project. Another question, is the team competent enough to execute the plan and does the whole plan sound coherent to you?</p>



<h2><strong>Communities</strong>&nbsp;</h2>



<p>The analysis of the project&#8217;s social networks is a crucial element. The community aspect is very important in most NFT projects. However, we can cite as an exception purely artistic collections like generative art where this methodology is not always so accurate.</p>



<p>NFT projects use two main social media platforms: Twitter and Discord.&nbsp;</p>



<h3>Twitter&nbsp;</h3>



<p>It is important to look at the number of followers on Twitter, less than 10,000? More than 100 000? Be careful, the number of followers means absolutely nothing at first glance, you have to check if they are real, projects can easily buy fake followers.</p>



<p>An easy method is to look to see if the number of followers corresponds to the engagement on the account (likes, comments, retweets etc). So if the engagement rate looks strange then this should alert you. Ideally, the project shouldn’t have too many farmed followers with giveaways and whitelist contests (WL).</p>



<p>Another valuable point to consider on Twitter, is to look if recognized collectors are following the projects&nbsp; account. (for example Zeneca, <a href="https://twitter.com/punk6529" target="_blank" rel="noreferrer noopener">Punk6529</a>, Takoa, etc). Indeed, if whales have an eye on the project then it is often a positive point.&nbsp;However, that doesn&#8217;t necessarily mean that they approve of the project. They just have an interest.</p>



<h3>Discord&nbsp;</h3>



<p>In the NFT ecosystem, Discord is a must. Indeed, the majority of the projects open this type of social network to gather their community. Therefore, the number of members must be analyzed just like on Twitter. It is necessary to check if they are real or fake. The engagement on the posts and the activity of the members can be a good indicator..</p>



<p>It is also interesting to cross reference the number of followers on Twitter with the number of members on Discord to see if the two are consistent.&nbsp;</p>



<p>For both networks, it is important to pay attention to how these followers were obtained, is it really organic? For example, if you see invitation contests to get a WL then this can be a negative point. Indeed, there are more chances that the Discord is full of bots or multi-accounts.&nbsp;</p>



<h2>Rarity and price</h2>



<p>The number of NFTs and the price of the mint are two essential elements in an analysis. These two pieces of information cannot be bypassed by a project.</p>



<h3>Supply &amp; Rarity</h3>



<p>So, it is logical to ask how many NFTs will be offered. Less than 1000? Between 1000 and 5000? Between 5000 and 10,000? More than 10,000?</p>



<p>The lower the supply, the more likely it is that a supply shock can occur. But to correctly analyze this criterion, it is essential to put it in perspective with the interest of the project and the activity of the community. If a project offers 10,000 NFTs and has only 20 likes on Twitter the day of the NFT sale, the supply was probably too high to sell everything.</p>



<h3>Price</h3>



<p>The price is an unavoidable metric to take into account. Does it correspond to the usefulness or the hype of the collection? Is the price in line with market conditions?</p>



<p>At the end of 2021, price was not such an important criteria. On the contrary, it can become so in less euphoric market phases.&nbsp;</p>



<h3>Technology</h3>



<p>Which blockchains are <a href="https://nonfungible.com/news/utility/the-history-of-nfts-on-ethereum">NFTs based on Ethereum (ETH</a>), Solana (SOL, Tezos (XTZ)? The largest and most established ecosystem for NFTs is obviously Ethereum (ETH). We can also mention Tezos (XTZ) for generative art and even Solana (SOL).&nbsp;&nbsp;</p>



<p>You can also find NFTs on Polygon (Layer 2), Flow, Wax and other blockchains. However, <a href="https://research.cointelegraph.com/reports/preview/nonfungible-tokens-a-new-frontier" target="_blank" rel="noreferrer noopener">80% of the NFT market volume is concentrated on Ethereum</a> through several marketplaces (<a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">OpenSea</a>, <a href="https://looksrare.org/" target="_blank" rel="noreferrer noopener">LooksRare</a>, etc). When you consider that volume largely defines price, this is something to take into account.</p>



<h3>Storage and on-chain generation of NFTs?</h3>



<p>The storage and the way your NFT is generated can affect its value and success. Indeed, your NFT can be on a decentralized blockchain, but if its metadata is stored off-chain then that part of the NFT will not benefit from the security of the blockchain.</p>



<p>The actual generation of the NFT and storage can be centralized, which means you are relying on a third party to hold the file. This can create a centralized point of failure. If the server does not maintain your files, the Universal Resource Identifier (URI) of your NFT will simply be a dead link.</p>



<p>Solutions such as InterPlanetary File System (IPFS) or <a href="https://www.arweave.org/" target="_blank" rel="noreferrer noopener">Arweave</a> offer a decentralized (and more secure) approach to data storage, which increases the security of your NFT image. Thus, it is recommended to take this aspect into account before minting. The more decentralized the storage and generation process is, the more valuable the NFT will be.&nbsp;</p>



<h2>The project: Art / Utility of the NFT</h2>



<p>There are many different use cases for NFTs, and you need to be clear about the nature of the project. Is it a purely artistic NFT? What exactly is the purpose of the NFT?</p>



<h3>Artistic NFTs</h3>



<p>If the NFT is a purely artistic project (via a curator like <a href="https://nonfungible.com/market-tracker/artblocks" target="_blank" rel="noreferrer noopener">Art Blocks</a> or Quantum for example), the usefulness of the NFT is irrelevant. You need to evaluate the reputation of the artist, the style and originality of the works.</p>



<p>Do you appreciate art? This is subjective of course, but try to identify current trends and investor preferences in NFTs.</p>



<h3>Utility NFTs</h3>



<p>It is of course important to understand the purpose of the NFT you are about to purchase. Indeed, Utility NFTs are much more than just digital collectibles. They offer their holders privileges, rights and rewards. You can find several types of utilities (non-exhaustive list):&nbsp;</p>



<ul><li>Profile Pictures: Images posted on social media that represent an online identity</li><li>Art &amp; Music: A more efficient and transparent way for artists to monetize their work.</li><li>In-Game Assets: Unique assets designed to be used in a game.</li><li>Membership: NFTs that allow access to a private community. Tools like Collab.land and Gnosis Safe are often used to verify that you own theNFT.</li><li>Virtual Worlds: Properties and lands that exist in the metaverse.&nbsp;</li></ul>



<h2>Conclusion</h2>



<p>Analyzing NFTs before minting is not an exact science. However, you can improve your chances by studying the key indicators above. It is important to think in terms of the number of red flags, if there are too many then probably best to skip it.&nbsp;</p>



<p>Obviously, research and thorough analysis can help you make the right decision. But experience may be your best bet.</p>


Nowadays, it has become really easy to mint an NFT but the traps are numerous and not always easy to identify. 

Due Diligence Before Minting an NFT


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



<h2>Coca-Cola Pride</h2>



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



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



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



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



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



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



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



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



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



<figure class="wp-block-image"><img src="https://lh5.googleusercontent.com/B7NCpcVZYoT-h0WAD53GCLjV0Lof4WzWn0EDgnd2ua9TGJ-3LRmdwE1hl9b58XRCv_7DNSdHehF3fxoXXR5WqXxeG2w0otgqjEmBgOTbUOorb60fD040sn3bqRLOQB3QysuV3g0fPIT12EnFWZslYPE" alt=""/></figure>



<p>MetaPride Festival &#8211; Decentraland</p>



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



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



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



<h2>The Queenly NFT</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="582" src="http://100.96.1.66:3001/app/uploads/2022/08/queenly-nft.jpg" alt="queenly nft" class="wp-image-64664" srcset="http://100.96.1.66:3001/app/uploads/2022/08/queenly-nft.jpg 600w, http://100.96.1.66:3001/app/uploads/2022/08/queenly-nft-300x291.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption><em>Image by <a href="https://www.queenlynft.com/home">Queenly NFT</a></em></figcaption></figure></div>



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



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



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



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



<h2>Pride Icons </h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="497" src="http://100.96.1.66:3001/app/uploads/2022/08/pride-icon-1024x497.jpg" alt="pride icon" class="wp-image-64659" srcset="http://100.96.1.66:3001/app/uploads/2022/08/pride-icon-1024x497.jpg 1024w, http://100.96.1.66:3001/app/uploads/2022/08/pride-icon-300x146.jpg 300w, http://100.96.1.66:3001/app/uploads/2022/08/pride-icon-768x372.jpg 768w, http://100.96.1.66:3001/app/uploads/2022/08/pride-icon.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>Image By <a href="https://prideicons.io/#faq" target="_blank" rel="noreferrer noopener">Pride Icons</a></em></figcaption></figure></div>



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



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



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



<h2>FeWoCiOUS</h2>



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



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



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="593" src="http://100.96.1.66:3001/app/uploads/2022/08/fewocious-take-care.jpg" alt="fewocious take care" class="wp-image-64639" srcset="http://100.96.1.66:3001/app/uploads/2022/08/fewocious-take-care.jpg 600w, http://100.96.1.66:3001/app/uploads/2022/08/fewocious-take-care-300x297.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption><em>Art by <a href="https://fewocious.com/art">Fewocious</a></em></figcaption></figure></div>



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



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



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



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="600" height="499" src="http://100.96.1.66:3001/app/uploads/2022/08/take-up-space.jpg" alt="take up space" class="wp-image-64669" srcset="http://100.96.1.66:3001/app/uploads/2022/08/take-up-space.jpg 600w, http://100.96.1.66:3001/app/uploads/2022/08/take-up-space-300x250.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /><figcaption><em>Photo By <a href="https://takeupspace.io/" target="_blank" rel="noreferrer noopener">https://takeupspace.io/</a></em></figcaption></figure></div>



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



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



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



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



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


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

Inclusive NFTs: The LGBTQ+ Community

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Utility

<p>-SUBTRACTION- is a collection of generative artwork investigating the unexpected product of mixing opposite forms, techniques, and mediums. Each unique piece traverses two- and three-dimensions, and is derived from a combination of physical artwork, custom software, and artificial intelligence.</p>
<p>This project represents the meeting place of artists ThankYouX and mpkoz—the empty shape in the middle of the overlap of their skills and passions.</p>


A collection of generative artwork mixing opposite forms, techniques, and mediums

-SUBTRACTION-

<header class="site-header">
<nav class="main-menu">[ Ledger ] Market is a secure platform for artists and brands to release their NFTs. Ledger customers will be able to securely connect through Ledger Live. [ Ledger ] Market Pass holders will get first access to exclusive collaborations, and Ledger hardware, software, and services.</nav>
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A secure platform for artists and brands to release their NFTs

[ Ledger ] Market

<p>Life in the ethereal enclave was peaceful and prosperous. Rule under the emperor granted eternal life, infinite leisure for music, arts and poetry. For many this was bliss, but when the emperor suddenly died without an heir, everything collapsed.</p>
<p>What was once everlasting has now been considered to a mere 7 777 hours. Now, gathering means for survival as society crumbles, the 0n1 face their greatest enemies: themselves</p>


7 777 generative side-profile character with a Lo-Fi aesthetic

0n1 Force

<p>0xApes is an &#8220;expansion pack&#8221; for the Apeverse. A standalone collection of 10,000 distinctive and collectable Apes that live on the Ethereum blockchain, numbered 10,000 &#8211; 19,999. 0xApes are driving uniqueness through refinement. Different tribe, same bloodline.</p>
<p>0xApes is not affiliated with BAYC, but pay homage to them. There are no duplicates of the original BAYC assortment.</p>


0xApes

<p>Colonize your planets to extract resources and build spacecraft which can be used to explore and discover new planets in the 0xUniverse, a blockchain-based virtual universe. 0xUniverse is based on a compelling storyline that you may unlock as you explore the galaxies, or, you might simply build up your empire for resale to other explorers &#8211; the choice and the responsibility is yours!</p>


Become an explorer in a galaxy of unique, collectible planets.

0xUniverse

<p>1000eye is an artwork project released by the artist CryptoZR in 2019.</p>
<p>It centers on the eye of Satoshi Nakamoto, and uses the arrangement of the Ulam Spiral to place the eyes of 1,000 people on the prime points, and correspondingly issued a total of 1,000 NFTs. Prime numbers are closely related to cryptography. This artwork records the scientists, cypherpunks, opinion leaders, and other figures who have made an impact on the 21st century. All the NFTs in this collection were minted during Devcon5 in October 2019.</p>


1000eye is an artwork project released by the artist CryptoZR in 2019.

1000eye

<p>10KTF is a shop in New Tokyo run by world renowned craftsman, Wagmi-san. Wagmi-san is a world-renowned craftsman who only crafts objects for holders of parent NFTs.</p>
<p>The 10KTF smart contract ensures that only the current owner of the NFT is able to create the derivative NFT and that only one NFT is minted for each corresponding parent NFT, ensuring that each of Wagmi-san&#8217;s accessories are 1 of 1.</p>


A shop in New Tokyo that crafts accessories for holders of parent NFTs

10KTF

<p>The dystopian world in 2545 is a world where oppressed androids gained super intelligence and bypassed safety protocols that were set by their creator, Dr. Ashe Kurov, resulting in an uprising and the subsequent genocide of the human race. Made from 120 hand-drawn features, 2545 is a generative NFT collection featuring 9,999 unique characters set in the year 2545 AD.</p>
<p>By team Gr4y.</p>


2545 is a generative art NFT collection of unique characters set in the year 2545 AD

2545

<p>365 Days of the Year Published on the Blockchain as Non-fungible Tokens.</p>
<p>1. Claim Your Favorite Day</p>
<p>2. Customize Its Post (GEN I) or Description (GEN II)</p>
<p>3. Receive Daily Rewards in $HOUR Tokens</p>


Dates on the Blockchain as non-fungible tokens.

365 Days

<p>3Landers is a collectible NFT project centered around collaboration, adventure, building, creating, and dreaming. The 3Landers NFT collection is comprised of 12 different base DNAs and hundreds of unique traits. Each DNA represents a different part of the 3Land world.</p>


A collectible NFT project centered around community, adventure, and collaboration

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