Industry Trusts NFTs Amid FTX Collapse: Nifty Newsletter, November 16-22
Despite the effects of the FTX debacle, many in the industry remain positive and hopeful that NFTs will recover.
Newsletter
In this week's newsletter, find out how a non-fungible token (NFT) protocol was affected by the collapse of FTX leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the recovery of NFTs. Meanwhile, Disney has brought back metaverse support Bob Iger as CEO, and find out how NFTs have taken center stage in Formula 1. And don't forget this week's Nifty News featuring companies China-based technology offering FIFA World Cup fans a metaverse-like viewing experience of the football event.
Nickel Digital, Metaplex and others continue to feel the impact of FTX's collapseDue to the effects of FTX's collapse, NFT Protocol Metaplex has laid off members of its Metaplex Studios team. According to the company's CEO, Stephen Hess, the collapse of crypto exchange FTX indirectly impacted their business. For this reason, the company is taking a "more conservative approach" as it moves forward.
Hess also pointed out that Metaplex is the base layer of the Solana NFT ecosystem. The NFT executive mentioned that it was their responsibility to ensure the sustainability of the protocol for their community.
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Industry Expresses Confidence In NFT Space Amid FTX CollapseDespite the problems caused by the FTX debacle, players in the NFT industry continue to have hope in the space. Cointelegraph spoke to several people working in the space to ask their views on how the space will recover from the bear market and the collapse of FTX.
NFT Enjin platform executive Oscar Franklin Tan says the space will stabilize and consolidate around the strongest communities. By then, space will see a second generation of "smarter and more durable NFT models".
Continue Reading…
Disney brings back Bob...
Despite the effects of the FTX debacle, many in the industry remain positive and hopeful that NFTs will recover.
Newsletter
In this week's newsletter, find out how a non-fungible token (NFT) protocol was affected by the collapse of FTX leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the recovery of NFTs. Meanwhile, Disney has brought back metaverse support Bob Iger as CEO, and find out how NFTs have taken center stage in Formula 1. And don't forget this week's Nifty News featuring companies China-based technology offering FIFA World Cup fans a metaverse-like viewing experience of the football event.
Nickel Digital, Metaplex and others continue to feel the impact of FTX's collapseDue to the effects of FTX's collapse, NFT Protocol Metaplex has laid off members of its Metaplex Studios team. According to the company's CEO, Stephen Hess, the collapse of crypto exchange FTX indirectly impacted their business. For this reason, the company is taking a "more conservative approach" as it moves forward.
Hess also pointed out that Metaplex is the base layer of the Solana NFT ecosystem. The NFT executive mentioned that it was their responsibility to ensure the sustainability of the protocol for their community.
Continue Reading…
Industry Expresses Confidence In NFT Space Amid FTX CollapseDespite the problems caused by the FTX debacle, players in the NFT industry continue to have hope in the space. Cointelegraph spoke to several people working in the space to ask their views on how the space will recover from the bear market and the collapse of FTX.
NFT Enjin platform executive Oscar Franklin Tan says the space will stabilize and consolidate around the strongest communities. By then, space will see a second generation of "smarter and more durable NFT models".
Continue Reading…
Disney brings back Bob...What's Your Reaction?
