MTV Adds Metaverse Awards Category: Nifty Newsletter, August 17-23
New research shows that developments in the metaverse will become a catalyst for wider adoption of NFTs.
Newsletter
In this week's newsletter, learn how the metaverse is a catalyst for the adoption of non-fungible tokens (NFTs). Find out how GameStop's NFT Marketplace revenue plummeted and how MTV added a metaverse award to the VMAs. In other news, find out how the founder of Telegram came up with the idea of integrating NFT-like smart contracts for Telegram usernames. And don't forget this week's Nifty News roundup featuring Decentraland's Metaverse Art Week.
The Metaverse Is a Key Factor to Long-Term NFT Success, New Research SaysA report by consulting firm Juniper Research pointed out that over the next five years, the NFT market could grow from 24 million to around 40 million. According to the report, Metaverse developments will be one of the main catalysts for the wider adoption of NFTs.
The study also noted that metaverse-related NFTs will be the fastest growing niche over the next five years, with an expected increase in transactions from 600,000 to 9.8 million. Despite the predictions, the researchers stressed that the values in the report are only based on a medium scenario and urged the community to do their due diligence before investing.
Continue Reading…
GameStop NFT daily fee revenue dips below $4,000 as gloom infects marketsGameStop's NFT Marketplace saw a drop in daily fee revenue to less than $4,000, with its 24-hour sales volume dropping to around $166,800, suggesting that interest in the platform NFT form has started to decline since its launch.
The decline in earnings follows a slowdown in the broader NFT market, as popular collections such as the Bored Ape Yacht Club and Mutant Ape Yacht Club dropped large percentages from their floor prices.
Continue Reading…
MTV Presents "Best Metaverse Performance" Award CategoryWeb3 continues its foray into the music scene...
New research shows that developments in the metaverse will become a catalyst for wider adoption of NFTs.
Newsletter
In this week's newsletter, learn how the metaverse is a catalyst for the adoption of non-fungible tokens (NFTs). Find out how GameStop's NFT Marketplace revenue plummeted and how MTV added a metaverse award to the VMAs. In other news, find out how the founder of Telegram came up with the idea of integrating NFT-like smart contracts for Telegram usernames. And don't forget this week's Nifty News roundup featuring Decentraland's Metaverse Art Week.
The Metaverse Is a Key Factor to Long-Term NFT Success, New Research SaysA report by consulting firm Juniper Research pointed out that over the next five years, the NFT market could grow from 24 million to around 40 million. According to the report, Metaverse developments will be one of the main catalysts for the wider adoption of NFTs.
The study also noted that metaverse-related NFTs will be the fastest growing niche over the next five years, with an expected increase in transactions from 600,000 to 9.8 million. Despite the predictions, the researchers stressed that the values in the report are only based on a medium scenario and urged the community to do their due diligence before investing.
Continue Reading…
GameStop NFT daily fee revenue dips below $4,000 as gloom infects marketsGameStop's NFT Marketplace saw a drop in daily fee revenue to less than $4,000, with its 24-hour sales volume dropping to around $166,800, suggesting that interest in the platform NFT form has started to decline since its launch.
The decline in earnings follows a slowdown in the broader NFT market, as popular collections such as the Bored Ape Yacht Club and Mutant Ape Yacht Club dropped large percentages from their floor prices.
Continue Reading…
MTV Presents "Best Metaverse Performance" Award CategoryWeb3 continues its foray into the music scene...
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