
<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


<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>With 8,888 Pudgy Penguins sliding around on the freezing Ethereum blockchain, each Penguin is an official member of the Pudgy Penguins community found in the freezing cold, arctic region of the metaverse.</p>


Pudgy Penguins is an NFT collection of 8,888 Penguins found in the freezing cold, arctic region of the metaverse

Pudgy Penguins

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