This sudden surge comes just as NFT innovators are beginning to reimagine what it means to engage in online collection or digital ownership.
'Flatlining' may not be the order of the day, but there are certainly some significant developments in the NFT market.
Soulbound tokens, with their air of myth and legend, have very real applications that could significantly disrupt the finance sector, bringing decentralization to DeFi and creating a whole new way of thinking about society.
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The value of investment into the NFT art market has increased significantly, jumping from $31 Million to $755 Million.
Justin Banon's vision is for Boson Protocol to be where all of the world's products and services are listed and searchable, with code-automated commerce and no intermediary hogging fees.
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That kid who created his own $400,000 NFT project, Benyanub Ahmed, joined another successful NFT group. Together, their sales volume moved past the $5 million mark after just three weeks.
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Goldman Sachs has announced they are exploring NFT's- Why? Despite being a playground for collectibles, for some its the logical next step for incumbents.
Co-Founder of Solana, Anatoly Yakovenko, announced the launch of Saga, an Android Web3-based smartphone and SMS software kit.
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Changpeng Zhao explained he has yet to ask Musk for a detailed plan but that charging for comments and blue ticks are both in the pipeline.
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Most NFTs function right now as digital collectibles, traded on marketplaces like the ever-popular OpenSea.
The site saw $3.4 billion in trading volume in August, 10 times the trade volume in July.