NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrive By Cointelegraph
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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.
Transitions have slowly emerged and driven new entrants in with new sets of values that not only impact how projects are minted, but what is minted. In 2022, it seems the NFT ecosystem will emphasize “strong communities,” and exclusive collector utility.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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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.
Transitions have slowly emerged and driven new entrants in with new sets of values that not only impact how projects are minted, but what is minted. In 2022, it seems the NFT ecosystem will emphasize “strong communities,” and exclusive collector utility.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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