Here’s why AI-equipped NFTs could be the real gateway to the Metaverse

Nonfungible tokens (NFTs) have been largely acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like the Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative roadmap, but in 2022, investors are looking for a little bit “more.”  However, nonfungible tokens are finding their use beyond branding and status symbols by attempting to build out an existence in the…

NFT prices misfire as OpenSea daily active user volume drops 30% in a week

While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics. Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their trading activity elsewhere?  OpenSea daily active users. Source: Dune Analytics The closest rival to the market-place is LooksRare has generated approximately $3.49 billion in…

NFTs construct virtual economies to stay relevant in 2022

As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility. Notably, Bored Ape Yacht Club has amassed over $1 billion in total volume and announced a mobile play-and-earn game, while fellow primate projects, CyberKongz and SmolBrains continue to announce and integrate new gamification features to their collections. Investors seem to not only be searching for projects with strong communities and utility, but it appears technical capabilities rank high on the list too. This notion was made…

OpenSea monthly volumes top $5B as NFTs continue to mainstream

In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX, and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last 7 days alone, all four projects have generated an estimated $365.9 million in value according to data from OpenSea.  While the crypto market is steadily recovering from its lengthy bloodbath, NFT marketplaces like LooksRare and OpenSea have consistently generated about $100 million in daily total volume. LooksRare vs. OpenSea daily volume. Source: Dune Analytics It seems that crypto Twitter is…

NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrive

In 2020, newly launched NFTs projects experienced costly gas wars that are gas priority auctions where buyers battle to secure their spot on the next block, potentially losing Ether (ETH) to failed transactions. In 2021, digital scarcity and utility drove the NFT hype in the constantly surging markets, and toward the end of the year, how much attention any collection received seemed to be at the mercy of influencers’ opinions.  I feel you. It’s frustrating especially when tons of good projects with actual value and hardworking teams that don’t just disappear…

Invisible Friends, GooniesNFT, KaraFuru and Troverse

NFT projects have seemed to divert from what once was traditional minting, to now requiring potential buyers to join whitelists to access the pre-sale before the collection goes public.  This means investors keen on obtaining a sharper edge aim to get on as many whitelists as possible to potentially increase their return-on-investment when the NFT is eventually sold on the secondary market. CryptoBatz are being minted today on their website for their whitelist holders today for 0.088 ETH ($283.55 USD). Their current floor price on Opensea, 1.99 ETH ($6,412.04 USD).…

5 NFT events trending on Twitter

There is no denying that pop culture has entered the NFT space in full force. The World of Women collection created by Yam Karkai has followed in the footsteps of Bored Ape Yacht Club (BAYC) by signing with a big-time Hollywood agent, and Madonna was propositioned to buy a blue chip NFT and she might be giving the offer serious consideration. Many new entrants are influenced by celebrity endorsements, yet the community proclaimed “OGs” are bullish on “historical NFTs” and are allegedly not swayed by hype. However, when entrepreneur Gary…

3 airdrops, with 1 scam

NFTs continue to surge with what looks to be no end in sight. Since January 14, 2022 OpenSea notched trading volumes over $1.03 billion, and its latest rival, LooksRare, has eclipsed the platform according to data from DappRadar.  Top 8 NFT marketplaces by volume. Source: DappRadar  What’s clear is that NFT collectors and traders appear to be shifting their sentiment on where they are seeing value. Since the start of 2022 there’s been an emphasis on “community” with a buzz and advocacy of rewarding users for their participation.  OpenSea has…