NFT market well-positioned to grow 35% into a $13.6B industry by 2027

Reflecting the growing interest in the non-fungible token (NFT) space among today’s investors, new research predicts that the existing $3 billion market size will reach $13.6 billion by the end of 2027. For the next five years, the key factors tied to the global NFT boom continue to factor in the growing involvement of mainstream influencers, gaming communities and the rising demand for digital artworks. Interestingly enough, research firm MarketsandMarkets envisions several other factors that will contribute to the explosive growth of the NFT market, including its increasing use cases…

The overthrow of crony capitalism

If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent lack of class conflict would probably make the revolutionaries think they’d won. They would see a society split on all manner of subjects — from identity politics to the correct COVID-19 strategy — but virtually silent on the eternal struggle between labor and capital, the oppressors and the exploited. How different it would be if they’d returned just 10 years ago when the Occupy movement was in full swing, with tent…

Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T

The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days. Total crypto market cap, USD billion. Source: TradingView In terms of performance, the aggregate market capitalization of all cryptocurrencies dropped 6% over the past seven days, but this modest correction in the overall market does not represent some mid-capitalization altcoins, which managed to lose 19% or more…

Mingo Technologies chooses Dubai to continue building its Web3 Entities

Mingo has been formed to bring Web3 products to everyday people. Gibraltar-based Mingo Technologies announced on Thursday that it has obtained an NFT Marketplace licence to operate in Dubai via the DMCC. The company which has recently also partnered with recently retired heavyweight boxing champion Tyson Fury have chosen the UAE and the DMCC as its base to accelerate the realisation of the vision for Web3, NFT’s (non-fungible tokens) and the metaverse. Mingo NFT’s will not only be a marketplace for its own projects. The plan also includes becoming an…

Amid crypto hype, Google’s cloud unit creates Web3 team

Google’s cloud unit announced on Friday the formation of an internal team that will build services for blockchain developers and those running blockchain-based applications. This comes amid an explosion of interest, activity and adoption of crypto and Web3 tools from traditional sectors of the economy. Web3 infrastructure of the future Vice president at Google Cloud, Amit Zavery, reportedly told his team in an email on Friday of the aim to make the Google Cloud platform the first choice for developers in Web3. Google Cloud is the company’s suite of cloud…