Trading volume from NFT marketplace OpenSea has gone from $405 million on May 1 to $5 million in Aug. 28.
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Trading volume from NFT marketplace OpenSea has gone from $405 million on May 1 to $5 million in Aug. 28.
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New research show that developments in the Metaverse will become a catalyst to broader adoption of NFTs.
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A Polygon executive highlighted that NFT games have an advantage over traditional “money in, no money out” gaming business models.
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Ethereum co-founder Vitalik Buterin proposed a way to anonymize NFT transactions using smart contracts.
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Almost 1 million ETH were spent to mint NFTs on the Ethereum network in the first half of 2022, according to a Nansen report.
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The Open Metaverse Alliance for Web3 was created by blockchain platforms with the goal of setting standards for NFTs.
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A consulting firm predicted that the NFT market could be worth $231 billion in 2030, noting that the market will grow at a rate of over 33.7% in the years to come.
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A Web3 startup has also created a subscription model that uses nonfungible tokens to offer lifetime Netflix and Spotify membership.
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The most-followed TikTok creator Khaby Lame also partnered with Binance to create Web3 content and create nonfungible tokens with the exchange.
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