Connect with us

NFT

World of Women NFT Price Analysis – 2022 Price Predictions – Business 2 Community

Published

on

World of Women has seen a fiery rise to the top of the NFT charts since its launch in July 2021, currently commanding a 9 ETH (around $25,000 – $30,000) floor price on secondary marketplace OpenSea. The project has benefited from promotion by actress Reese Witherspoon, whose media company Hello Sunshine partnered with the WoW project in February 2022.
On the same lines, the Canadian branch of KPMG purchased a non-fungible token (NFT) from the World of Women collection, marking the global accounting firm’s foray into digital collectibles.
World of Women NFT expensiveWorld of Women NFT expensive
The NFT, Woman #2681, was purchased on 13th Feb for 25 ETH by KPMG Canada.
Then there was the rare World of Women NFT #5672, auctioned at Christie’s on the 1st of March this year, for a staggering 260 Ether or $755,000.  The rare non-fungible token or NFT has traits present in less than 1% of all World of Women NFTs.
Among the CryptoPunks and Bored Ape Yacht Club, what is this latest NFT collection and why is it raking in high sales volume and climbing up the charts steadily? WoW NFTs are currently ranked 11th in the entire NFT scene by floor cap.
In this guide we’ll review the background of one of our favorite new NFT projects on the market and speculate on some World of Women NFT price predictions for 2022.


Cryptoassets are a highly volatile unregulated investment product. 
World of Women is a community created to embrace representation, inclusion, and equal opportunities within the world of non-fungible tokens or NFTs.
World of Women was initially founded by a group of four friends and the platform has since grown into a team of nine members, with an aim to “create a beautiful, diverse, empowering collection and thriving community”.
The WoW NFT project is led by Yam Karkai, who created the NFT World of Women’s first-ever collection, all by herself. It was first released on 27th July 2021. Consisting of 10,000 randomly-generated graphic images of various rarity, the collection lives on the Ethereum (ETH) blockchain as ERC-721 tokens and can only be purchased using ETH coins. 
World of woman nft buyWorld of woman nft buy
The mission of the WoW team, as described on their official website is:
The owners will also be able to download the NFTs in ultra-high-resolution and will get exclusive access to customized pre-sales and members-only discounts and offers.
Here’s a complete list of benefits for the World of Women NFT owners, as mentioned on their website:
The rarity level, or how rare a World of Women NFT is, can be checked via rarity.tools. While some NFTs can be rare, others even rarer, and very few are unique. The entire World of Women NFT collection was developed with the help of a special algorithm that randomly merged 11 traits and a combination of 189 features, all of which were designed by Yam Karkai herself.
For example, Karkai created 14 different skin tones, 23 facial features, 28 eye combinations, and 25 different hairstyles among other things.
The manifesto of the World of Women NFT project states: “Designing a base woman that could be any ethnicity was extremely important for us.
As this is a randomly generated project with the aim of promoting diversity and female empowerment, we have taken the following measures very seriously in order to avoid disrespectful results and/or cultural appropriation during the customizing process: avoiding elements that are specific to cultures, customs or practices, avoiding/political-religious references, avoiding mockery elements, avoiding the creation of any elements that could potentially have hostile or rude innuendo.”
World of Woman NFT priceWorld of Woman NFT price
One of the rarest NFTs of the project is Woman #8317, which was recently listed at 11.5863 ETH or 30,719.51 USD, Likewise, Woman #4730 was selling for 27.1997 ETH or 72,116.08 USD and another one, Woman #4791, was going out for 9.6657 ETH (25,627.13 USD).
Apart from striving to bring balance and representation in the NFT world, the World of Women project has highlighted three key initiatives:


Cryptoassets are a highly volatile unregulated investment product. 
WoW has been making waves for a while now. Last year, in October 2021, World of Women announced that it aims to introduce its NFT collection at a number of museums and galleries.
The project has taken its first step into shared community governance by launching DAWoW. But perhaps the most exciting announcement of all has been the release of its second collection, known as World of Women Galaxy.
According to their official website, worldofwomen.art, the creators made that second collection to give newcomers a chance to invest at a more affordable price point.
From creating the signature WoW collection that people love and onboarding thousands of people to this new era of the web, to launching partnerships with major brands and supporting artists and nonprofits, World of Women has been on a mission to have a positive impact around the world.
Coindesk - World of WomenCoindesk - World of Women
Since the start, WoW has envisioned creating a brand that is united around advancing and celebrating representation, inclusivity and equal opportunities for all. The WoW Galaxy is a continuation of this mission and vision.
This latest collection from Yam Karkai, the renowned artist who created WoW, comes with special benefits and will create opportunities for more people to become owners and contributors.
The project also promised to release its merchandise and collaborate with a charity called “TooYoungToWed”. Expanding its horizons, World of Women shared its future plans to enter the metaverse and even launch a new collection.
The WoW team has certainly kept their word and made quite progress so far. Since the number of announcements were made, the platform has initiated an action for the charity TooYoungToWed.
It has also partnered with Code Green NFT to financially support verified, citizen-powered solutions to tackle the climate crisis.
Since its launch in July 2021, the World of Women NFT collection has been endorsed by a number of celebrities including American DJ Steve Aoki, former One Direction star Liam Payne, the Iraqi-American beauty blogger known as Huda Beauty, and Belarusian-American entrepreneur Gary Vaynerchuk.
Another famous name, American video blogger Logan Paul, announced on the 16th of August 2021 that he had purchased a set of World of Women NFTs. A few months down the line, in January 2022, Paul reportedly sold his collection for a total of 200 ETH or around 765,000 USD at the time. The new buyer of the rare collection was the famous NFT play-to-earn metaverse “Sandbox”.
This deal was perhaps just the tip of the future venture between World of Women and Sandbox. Two months later, on 8th of March, 2022, World of Women announced that it had partnered with Sandbox (SAND) to launch the WoW Foundation. The foundation will strive to bring more diversity of thought into the NFT and metaverse space.
Among the popular names and celebrities, there has been one public figure, who has endorsed and popularized the World of Women NFT collection more than anyone else. American actress and producer Reese Witherspoon has lent huge support to the NFT collection, ever since she bought her first WoW NFTs, in October 2021.
Witherspoon has launched a full-scale partnership with World of Women, through her media company Hello Sunshine. There have been plans to adapt World of Women NFTs into films and TV shows as well.


Cryptoassets are a highly volatile unregulated investment product. 
World of Women NFTWorld of Women NFT
World of Women NFT floor price in ETH
Each WoW NFT was initially 0.07 ETH to mint and the entire collection sold out overnight. The tokens can now be purchased through auctions hosted on one of the biggest NFT marketplaces, OpenSea.
Due to the attention the NFT World of Women collection received from celebrities as well as other metaverse platforms such as Sandbox, its market volume and price benefitted greatly over time.
The floor price pumped on the 14th of Feb this year, to over 10 ETH, as if Valentine’s Day had a surprise for WoW. But the all-time high sales for the WoW NFT collection, by volume, was recorded on the 23rd of January 2022. That day, a total of 35 tokens were sold for just above 557 ETH or around 1,683,404.39 USD.
The average price per World of Women NFT saw a drop recently amid the overall negative market sentiment triggered by the Russian invasion of Ukraine. But the prices have risen once again and made the current all-time high of over 13 ETH in March 2022.
WoW NFTs floor price USDWoW NFTs floor price USD
The current price floor of World of Women NFTs in dollar terms is over $31,000 USD and the 24-hour trading volume is over $870,000 USD with 29 sales. In the last 24 hours, the price floor of World of Women is up 13%, although that fluctuates each day.
The 7 day average sale price is 34,000 USD, with the highest sale this week for $247,000 and the lowest for $22,000. The project is currently ranked #11 by NFTPriceFloor.com with a floor cap of over $310,000. It has a listed ratio of 6-8% and a max supply of 10,000.
With Hollywood celebrities and international artists joining the World of Women community, the value of this project is only likely to see an upward trend as of now. As for the sales statistics, the average sales of WoW have seen a growth of over 50% in recent weeks.
World of Women NFTs are being sold almost every hour for low to mid five-figure sums.
World of Women SalesWorld of Women Sales
Early investors have made a 1000% return on investment (ROI) from WoW NFTs. Currently they are held by 5300 unique owners.
Read our guide on how to invest in NFTs to follow in their footsteps.
MoonPay splashed out a staggering $754,340 at Christie’s auction house for WoW NFT #5672, on the 1st of March, 2022.
We might expect the WoW floor price to one day reach 10% of the most expensive ones sold, which would be around a 20 – 30 ETH floor price. That may first require BTC and ETH to make new highs, and attract more investors into crypto, who then get into NFTs.
Even if the crypto markets need time to consolidate and trade sideways in the remainder of 2022, one major bullish event on the horizon is the next Bitcoin halving in 2024.
In 2021, Bitcoin halving helped spark the bull run from around $10k to $65k, and historically other Bitcoin halving events have been followed by bullish impulse moves to the upside, setting new highs.
While the NFT market, much like the crypto market, can be widely unpredictable, experts agree that because of the generated buzz and strong sense of community around the project it will be hard to bring it down.
It’s a gamble what an estimated World of Women NFT price prediction for the future could be, but interest in crypto, blockchain tech and all its emerging asset classes – decentralized finance (DeFi), the Metaverse and NFTs surely seems to be soaring.
Crypto experts unanimously agree that the World of Women NFT project stands out in a predominantly male-dominated industry. Many believe that the main reason why the WoW NFT collection soared in popularity is because of the fact that it exhibited just how strong the women community is in the crypto world.
This was empowering for women and provided them an insight into the garden of possibilities within the NFT universe.
Octavi Royo Olazaguirre, who is the CEO and co-founder of digital platform Agora Images, said that the World of Women NFTs is a first-in-a-lifetime project. “For the first time in history, there is a global movement of social advancement in women’s rights and dignity, this is very important, and this leads the interest and prices,” he added.
Others from the industry reflected that the success of the WoW NFTs collection goes beyond the fact it is an all-inclusive project headed by female artists. NFT artist and Pandimensionals founder PJ Cooper added – “They’ve not only built a great project with really high-quality artwork but have created an enthused and welcoming community from the ground up.
The announcement of their second collection that aims to welcome more people into their community with a lower entry price is a testament to their approach and commitment to building an open and inclusive community”.
Some non-fungible tokens are sold at popular auction houses like Christie’s and Sotheby’s, where potential buyers make a bid for the NFTs they want to buy.
Sometimes the website of the parent company that created an NFT will list them for sale. Most investors today though will use an NFT marketplace, a platform for anyone to buy and sell NFTs. First you’ll need to own some Ethereum in order to buy NFTs.
Today, majority of NFTs are bought with Ether (ETH) which is the native currency of the Ethereum network. As with most cryptocurrencies, Ether can be converted from USD on crypto exchanges such as eToro.com.
etoro signupetoro signup
While Bitcoin is mostly utilized just as a cryptocurrency and a payment gateway, blockchain networks like Ethereum let customers build apps that can store their private data and set rules to process advanced financial transactions.
Buying an NFT might seem to be a complex process for beginners in the crypto space, but it is only as tough as ordering your favorite pizza online.
To begin the process of purchasing an NFT, you also need to set up a crypto wallet to store your cryptocurrency. The eToro platform provides one to users.
A crypto wallet is basically a personal address on the blockchain, that although can be seen by anyone, can only be accessed by its owner. eToro is one of the most popular platforms that offer digital wallet services.
Potential buyers must conduct thorough research and analyze their investment plans carefully, to avoid making mistakes and incurring losses.
Etoro walletEtoro wallet
The first step is to choose a wallet that best suits your needs. One of the advantages of an eToro wallet is its unlosable private key and free recovery service. It supports 12o+ cryptos alongside ETH.
Also read our guide to the best NFT wallets to set up where you’ll store the NFTs you buy.


Cryptoassets are a highly volatile unregulated investment product. 
Once you have an account and wallet, the next step is to buy ETH. Search for ‘Ethereum’ or ‘ETH’ in the menu, click it and review the price chart.
Buy Ethereum eToro B2CBuy Ethereum eToro B2C
Then click ‘Trade’ and set your orders, you can either buy at the current market price or set limit orders. Click ‘Open Trade’ when you’re ready.
One of the best NFT marketplaces to buy a World of Women NFT is OpenSea.io, which houses WoW. The next step is to connect your wallet and select the World of Women NFT you want to buy.
World of Women NFTsWorld of Women NFTs
You will be able to purchase the NFT immediately if it has a “buy now” price listed. Or else, it may have a current bid, in which you can make a bid on the NFT and wait for the seller or owner to accept.
In that case, if your bid is accepted and the transaction has been processed, you will finally be the proud owner of a World of Women NFT. Finally, your WoW NFT will be safely stored in your wallet.


Cryptoassets are a highly volatile unregulated investment product. 
World of Women NFTs are already dramatically revolutionizing the male-dominated NFT space with inclusion, diversity, and gender representation. Through their innovative premise, they are helping bring about a much-needed sense of belonging and community to the cryptosphere.
WoW has already garnered quite the attention worldwide, besides receiving shoutouts from renowned celebrities across all walks of life.
The platform has, so far, shared associations with charities like TooYoungWed, as well as organizations like Code Green NFT. With the latter, WoW managed to finance verified citizen-powered solutions for the climate crisis. WoW has also laid its first steps towards shared community governance with the launch of DaWoW.
Looking ahead, WoW has a new collection on its way called World of Women Galaxy, besides an upcoming project in collaboration with Hollywood actress Reese Witherspoon’s media company, Hello Sunshine.
The empowering NFT project has already announced its plans to bring its exclusive NFT collection to several select museums and galleries, besides releasing WoW merchandise and entering the metaverse.
At the same time, World of Women plans on continuing its collaboration with charity TooYoungWed for a social cause. Earlier this year WoW announced a partnership with Sandbox (SAND) for launching the WoW Foundation, targeted at bringing greater diversity of thought into the NFT and metaverse spheres.
Within a few months of their launch, World of Women NFTs have escalated the popularity charts due to their unique concept. The sales and sales volumes are unprecedentedly high for a debut in the NFT space, making it clear that WoW NFTs are in it for the long haul.
Another affordable and successful NFT option to consider is the Platinum Rollers Club collection by Lucky Block. The high-growth crypto project collection boasts of a total of 10,000 NFTs giving their lucky owners the opportunity to bag daily prizes.
Just one look at Lucky Block’s stats is enough to tell you of their impressive potential. For instance, there are already over 42,000+ members in the LBLOCK Telegram Group. The token also achieved close to a $1 billion fully diluted market cap within just the first month of trading.

Lucky Block NFT and associated prizes
The LBLOCK token price increased by around 65x after the presale up to the current ATH, within a month of launching on PancakeSwap. That token price has now corrected allowing more investors to get in before the next leg up.
Its Platinum Rollers Club collection of 10,000 NFTs also comprises 25 exclusive ‘Rare Edition’ NFTs, giving holders larger jackpot payouts when winning daily lottery draws.
The market is already abuzz with the Lucky Block NFT collection, with positive news and opinions from all corners. With its promising performance so far, we can safely consider LBLOCK a good investment for NFT enthusiasts.
Take a look at our NFT calendar to learn more about upcoming NFT projects, or visit NFT Launchpad at the link below to buy Lucky Block NFTs.


Cryptoassets are a highly volatile unregulated investment product. 
If you wish to invest in NFTs at a lesser cost, you may acquire them at auction for as little as $1 on smaller marketplaces. NFT marketplaces like Crypto.com are linked to cryptocurrency exchanges, secure, and provide low-cost alternatives to World of Women NFTs.
You might also be interested in joining the Lucky Block Platinum Rollers club, which are listed for sale now on NFT Launchpad and will provide you with the opportunity to earn daily rewards.
The soaring floor price of World of Women NFTs over the past few months demonstrates the company’s huge growth potential. The project’s thriving community, strong leadership, and intriguing utility also imply that it will continue to rise in the coming months.
The bigger NFT market is currently on a massive bull run, illustrating the amazing possibility that these crypto-assets provide. To buy World of Women, first create an eToro account, it’s simple to set up, safe and allows for multi-asset crypto trading.
The World of Women NFT price is currently high, one of the most expensive NFTs on the market, and many investors will be unable to purchase one. Other NFT projects are currently at lower prices and might lead to high future growth.
One example is the Lucky Block Platinum Rollers Club collection. Also take a look at our NFT calendar to learn more about upcoming NFT drops.


Cryptoassets are a highly volatile unregulated investment product. 
World of Women (WoW) is one of the most sought-after female-led NFT businesses in the industry. World of Women is described as “a community supporting representation, inclusivity, and equal chances for all” on the OpenSea collection website.
The NFT collection World of Women launched in July 2021 with 10,000 women’s artworks, making it one of the first to be led by a woman. The project has grown in value over time and attracted a number of celebrities.
Yam Karkai, the project’s artist, co-founded it with four friends who “had a common aim and joined together.” The squad now includes nine players, according to the World of Women website.
The current floor price of World of Women NFT is 12 ETH, which roughly translates to $34,128. It is very common for WoW NFTs to sell for the 12 ETH mark and above, highlighting that investors are willing to even steeper prices for the first-of-its-kind NFT collection.
On March 1, 2022, WoW #5672 was sold at Christie’s Evening Sale in London for 567,500 GBP with a hammer fee of $755,500 USD or 260 ETH. This is an all-time high for World of Women.
Yes, you can purchase World of Women NFT with Ethereum. The NFT project built itself is built on the Ethereum blockchain.
Many NFT collectors and investors, including well-known Hollywood stars, have expressed interest in the NFT project’s women-focused agenda, identifying it as one of the first in the area.
Gary Vaynerchuk (aka Gary Vee) serial entrepreneur and creator behind Veefriends NFTs holds World of Women NFTs, and he has applauded the unique project several times. Reese Witherspoon entered the NFT market in late 2021, purchasing a World of Women NFT to serve as her Twitter profile photo, which was visible to her 2.9 million followers.
Actress Eva Longoria is one of the newest NFT stars, having purchased a World of Women through a probable MoonPay agreement. Guy Oseary has struck an agreement with World of Women for talent representation.
The floor price of World of Women NFTs has been on a rise ever since its launch due to a combination of rarity, enthusiasm, inclusive community, and empowerment to women. The larger NFT market also appears to be on a tremendous bull run right now, highlighting the exciting opportunity that these crypto assets provide.
The current floor price of World of Women NFT is 12 ETH, which roughly translates to $34,128. The NFT floor price has only been rising ever since its launch and is currently at an all-time high. The World of Women NFT floor price was around 2 ETH when it first launched. However, except for a few stagnant initial days, the floor price has increased by six times to reach its current value.
World of Women NFT owners are entitled to the ownership of the underlying artwork and IP. At the same time, they have access to original monthly ArtDrops from select NFT artists that others beyond the WOW community do not. Ownership of World of Women NFTs also grants exclusive access to the WoW 4kx4k file apart from curated pre-sales and mint passes for high potential collections vetted by the DAWoW.
Not just this, World of Women NFT holders are entitled to holders-only raffles and discounts from time to time along with special invites to the annual gala and IRL events.
World of Women NFTs’ skyrocketing floor price over the last few months illustrates the company’s enormous growth potential. Furthermore, the project’s lively community, solid leadership, and unique utility suggest that it will continue to gain traction in the months ahead.
Investing in this highly sought-after NFT, which also grants you access to some special content as an investor, might be a wise decision. However, for some, the current pricing may appear to be excessive. Before spending a large sum of money on a project like World of Women, it is always advisable to exercise care and conduct your own thorough research.
  This article was written for Business 2 Community by Eric Dunne.
Learn how to publish your content on B2C
View full profile ›
Join over 100,000 of your peers and receive our weekly newsletter which features the top trends, news and expert analysis to help keep you ahead of the curve.

source

NFT

NFTs: four “secrets” to understand their real value – Domus

Published

on

If we take a look at the Bitcoin price chart, it’s quite easy to picture the ever-growing number of investors who, since the cryptocurrency’s first peak in June 2016, have found themselves spending one or more nights staring at those green and red lines, studying spikes and dips, desperately searching for a pattern that would help them predict the currency’s future value. Is it ever possible to predict the value of a cryptocurrency? How about the value of an NFT?
In March 2021, following the worldwide news that the NFT associated with the work of art by US artist Beeple Everydays: the First 5000 Days had just been sold by Christie’s for almost 40,000 Ether, corresponding to $69.3 million at the time of sale, researchers at the Alan Turing Institute decided to set up a data collection and analysis system that would tell the story of the NFT market from June 2017 to April 2021, covering a total of 6.1 million transactions. The recently published article Mapping the NFT revolution: market trends, trade networks, and visual features attempts to identify which factors determine the selling price of an NFT.
In just one year, the non-fungible tokens (NFTs) market has grown from around $340 million to $14 billion, and while some people are still questioning the point of investing in a .jpg and others are protesting against the environmental impact of proof-of-work transactions, luxury brands and auction houses, from Gucci to Sotheby’s, are rushing to launch their metaverse – a series of virtual places where it is now possible, among other things, to collect avatars and game items, wear digital designer clothes and exhibit intangible works of art, all easily purchased in the form of NFTs. In this new market, art and fashion come surprisingly second, imitating and seeking collaborations with the video game industry, while Morgan Stanley claims that in less than ten years, 10% of the luxury industry will be made up of NFTs bought, purchased and above all – get this! – rented, in the metaverse.
Homer Pepe, the currently most expensive and rarest NFT card of the first NFT collection to collect public success: Rare Pepe Wallet, created in 2016. The last auction that saw it as protagonist dates back to 2018, purchased in Ethereum for a value corresponding to approximately 320,000 dollars.
Genesis is the first NFT generated among the CryptoKitties, the collection that brought NFTs to the limelight, the kittens that congested the Ethereum network for the unexpectedly high number of sales, a few days after their release in December 2017. Genesis is born in November 2017 and is currently owned by Stimpson J. Cat who purchased it for the sum of 246926 Ether currently corresponding to approximately $ 750,000.
MoonCat #3531 belongs to a collection launched in 2017, and which was recently “adopted” by Sotheby’s: the MoonCat.
Sir Gregory is currently the most valuable NFT on Axie Infinity, the NFT-based online video game that in recent months has seen its users and consequently also the value of its tokens soar. Purchased in June 2021 for the sum of 369 Ether, currently corresponding to 800,000 Dollars. The rarity value of these characters, usable in the game, depends on their attributes and their “mystical parts”. Sir Gregory has three attributes: “Pink Turnip claws”, “Dreamy Papi eyes” and "Lam Handsome fangs” and a “Shiba tails”, apparently very popular.
Currently on sale in Sotheby’s Metaverse, Color is an NFT work composed of a generative script and therefore capable of generating almost infinite forms. Color is the perfect example of what can be found on Art Blocks, a collection of generative content hosted on the Ethereum network.
The legendary work of the artist and video game creator David OReilly, sold on the site of the Japanese auction house SBI Auction in November 2021 for the sum of approximately 12,000 dollars. Among other things, the artist declared: "POTATO literally represents my Irish roots, while as an NFT, depicts my future as a cyber-organic hybrid. POTATO embodies the collision between the past and the future.⁠ "
One of the database views of Mapping the NFT revolution: market trends, trade networks, and visual features. The densest clusters display very active moments in the history of a collection.
Homer Pepe, the currently most expensive and rarest NFT card of the first NFT collection to collect public success: Rare Pepe Wallet, created in 2016. The last auction that saw it as protagonist dates back to 2018, purchased in Ethereum for a value corresponding to approximately 320,000 dollars.
Genesis is the first NFT generated among the CryptoKitties, the collection that brought NFTs to the limelight, the kittens that congested the Ethereum network for the unexpectedly high number of sales, a few days after their release in December 2017. Genesis is born in November 2017 and is currently owned by Stimpson J. Cat who purchased it for the sum of 246926 Ether currently corresponding to approximately $ 750,000.
MoonCat #3531 belongs to a collection launched in 2017, and which was recently “adopted” by Sotheby’s: the MoonCat.
Sir Gregory is currently the most valuable NFT on Axie Infinity, the NFT-based online video game that in recent months has seen its users and consequently also the value of its tokens soar. Purchased in June 2021 for the sum of 369 Ether, currently corresponding to 800,000 Dollars. The rarity value of these characters, usable in the game, depends on their attributes and their “mystical parts”. Sir Gregory has three attributes: “Pink Turnip claws”, “Dreamy Papi eyes” and "Lam Handsome fangs” and a “Shiba tails”, apparently very popular.
Currently on sale in Sotheby’s Metaverse, Color is an NFT work composed of a generative script and therefore capable of generating almost infinite forms. Color is the perfect example of what can be found on Art Blocks, a collection of generative content hosted on the Ethereum network.
The legendary work of the artist and video game creator David OReilly, sold on the site of the Japanese auction house SBI Auction in November 2021 for the sum of approximately 12,000 dollars. Among other things, the artist declared: "POTATO literally represents my Irish roots, while as an NFT, depicts my future as a cyber-organic hybrid. POTATO embodies the collision between the past and the future.⁠ "
One of the database views of Mapping the NFT revolution: market trends, trade networks, and visual features. The densest clusters display very active moments in the history of a collection.
These staggering numbers raise further doubts and questions: Is this a bubble destined to get bigger and bigger as long as there are newcomers, and then to finally pop, or is it an investment capable of securing forms of “eternal passive income”, especially when NFTs can be rented out? From a conversation with two of the authors of Mapping the NFT revolution, some questions were finally answered.
Mauro Martino, director of the Visual Artificial Intelligence Lab at the MIT-IBM Research AI Lab in Cambridge, and Andrea Baronchelli, head of the Economic Data Science team at the Alan Turing Institute, tell us how from the very beginning – that is, since the rise of CryptoKitties (2017), one of the very first successful experiences in the world of NFTs – what we will call the first secret of the value of NFTs was already very clear: the sale value of NFTs depends on the community that supports them.
Here we are at the dawn of a new digital age. While we ask ourselves whether it makes more sense to invest in a sweatshirt made of only pixels from the “Balenciaga x Fortnite” collection, or in a piece of land next to rapper Snoop Dogg’s villa on the Sandbox metaverse, or simply in a digital potato, like the one sold by Irish artist David OReilly on the website of Japanese auction house SBI Art Auction, we should look, first of all, more than at the object for sale, at the potential fan base that supports it.
According to the researchers, this leads us to discover the “second big secret” of the sales value of NFTs: communities and capital are more likely to nest around collections or gamified experiences than episodic sales.
In Mapping the NFT revolution we discover that the greatest NFT buyers, the so-called whales, aren’t a lot – “the top 10% of traders alone make 85% of all transactions” – and tend to get attached to a single collection, making “at least 73% of their transactions in their main collection”. It is hardly surprising that companies traditionally associated with the world of sticker and card collecting, such as the NBA, MotoGP, Panini or Magic the Gathering, have jumped into the fray, quickly creating their own digital marketplaces.
As Martino and Baronchelli explain, the NFT landscape varies greatly depending on the industry it belongs to. There is the art world, where newly formed crypto marketplaces such as Foundation, Rarible and Nifty Gatheway fight against traditional auction houses. There are NFTs belonging to the “Metaverse” category, which would make no sense to exist outside of that world, as well as NFTs generated by the “Gaming” industry. Finally, there is the “Collectibles” category, the virtual counterpart of collectible cards, which could be considered as a kind of progenitor to imitate.
In Mapping the NFT revolution’s prediction system, half of which is based on data from previous sales, a big variable is the visual appearance of NFTs, analysed using AlexNet, a pre-trained convolutional neural network, which is simply an artificial intelligence that can ‘see’ images and detect recurring patterns. And what it sees is that buyers seem to like similar images. Just like the most mundane textbook instruction in social media management, the consistency of the feed rewards the artist.
The Fortnite X Balenciaga 3D digital clothing collection debuted on the multiplayer video game Fortnite. The multiplayer shooter made by Epic Games is currently the digital environment with the most users in the world.
This “Super Mega Yacht” called The Metaflower is currently the most expensive item in The Sandbox metaverse, purchased for $ 650,000. The Sandbox is currently one of the main metaverse platforms, which has seen its prices rise for collaborations with brands and celebrities such as adidas, Atari, Snoop Dogg, DeadMau5 and Bored Ape Yacht Club, another famous NFT collection.
Gucci recently inaugurated its “Gucci Garden” in the Roblox metaverse, another of the most powerful candidates in the “race to the metaverse”, which has recently opened its doors to other famous brands such as Nike and Sony.
A screencapture of the entrance to the Sotheby’s auction house virtual recreated in the metaverse of Decentraland, another top player in the metaverse and a real NFT real estate. Land plots on Decentraland are purchased with the local currency, MANA. In June 2021, Republic Realm spent an amount equivalent to $ 913,000 on 259 land plots in Decentraland, to transform them into a virtual commercial district called Metajuku, inspired by Harajuku, a famous Tokyo shopping district.
An example of an art gallery in the metaverse, in this case it is the Oasis Artwalk created by NFT Oasis on AltspaceVR.
A small part of the work Unsupervised, created by the famous Turkish-American artist Refik Anadol, exhibited in a royal gallery, the Moma, an exhibition of works created by training an artificial intelligence by feeding it the public metadata of the Moma collection. From 18 November, every three days new Unsupervised works will be revealed and put up for sale on Sotheby’s, following the gamified logic of the NFT market. The cover of this article “Machine Hallucinations – Space _ Metaverse” is part of a similar work by the same artist, created in collaboration with NASA’s Jet Propulsion Laboratory, also for sale on Sotheby’s NFT platform.
The Fortnite X Balenciaga 3D digital clothing collection debuted on the multiplayer video game Fortnite. The multiplayer shooter made by Epic Games is currently the digital environment with the most users in the world.
This “Super Mega Yacht” called The Metaflower is currently the most expensive item in The Sandbox metaverse, purchased for $ 650,000. The Sandbox is currently one of the main metaverse platforms, which has seen its prices rise for collaborations with brands and celebrities such as adidas, Atari, Snoop Dogg, DeadMau5 and Bored Ape Yacht Club, another famous NFT collection.
Gucci recently inaugurated its “Gucci Garden” in the Roblox metaverse, another of the most powerful candidates in the “race to the metaverse”, which has recently opened its doors to other famous brands such as Nike and Sony.
A screencapture of the entrance to the Sotheby’s auction house virtual recreated in the metaverse of Decentraland, another top player in the metaverse and a real NFT real estate. Land plots on Decentraland are purchased with the local currency, MANA. In June 2021, Republic Realm spent an amount equivalent to $ 913,000 on 259 land plots in Decentraland, to transform them into a virtual commercial district called Metajuku, inspired by Harajuku, a famous Tokyo shopping district.
An example of an art gallery in the metaverse, in this case it is the Oasis Artwalk created by NFT Oasis on AltspaceVR.
A small part of the work Unsupervised, created by the famous Turkish-American artist Refik Anadol, exhibited in a royal gallery, the Moma, an exhibition of works created by training an artificial intelligence by feeding it the public metadata of the Moma collection. From 18 November, every three days new Unsupervised works will be revealed and put up for sale on Sotheby’s, following the gamified logic of the NFT market. The cover of this article “Machine Hallucinations – Space _ Metaverse” is part of a similar work by the same artist, created in collaboration with NASA’s Jet Propulsion Laboratory, also for sale on Sotheby’s NFT platform.
Martino notices how the sentence of having to be recognisable, the nightmare of every artist and the imposition of every art gallery, is also present in the NFT industry: if Basquiat was forced to be Basquiat, today Mad Dog Jones will be permanently bound to the bright colours of post-vaporwave and to the cyberpunk illustrations that make him Mad Dog Jones, one of the most famous and prolific NFT artists on the scene. Apparently, as Martino and Baronchelli laughingly observe, even the non-fungible token, to sell better, ends up becoming fungible, i.e. potentially replaceable by a series of works that are identical to themselves.
Speaking of artists, here is the “third big secret” of the value of NFTs: the art market is an entirely secondary aspect of the NFT phenomenon. As of June 2020, “the most traded NFTs belong to the games and collectibles categories. Only 10% of transactions are related to the NFTs classified as art”.
We are dealing with a complex technology in its first years of use. We can imagine it, the researchers explain, as a Lego tower with vaults and architraves that the most diverse market forms are trying to mount on top of their castles, or their galleons, or their Lego spaceships. Infrastructures that are juxtaposed with other infrastructures, only to undergo violent processes of adaptation, including collapses, breakdowns and work fatalities.
In this scenario, the art industry is perhaps finding it most difficult to adapt. Attempts to gamify works or create communities around collections seem more forced than ever. And if we look at the success stories from the period of the so-called “NFT Craze” between February and June 2021, the greatest sales were made possible by unique factors that are difficult to repeat: “the first NFT sold by a traditional auction house”, i.e. Beeple, “the first Tweet”, i.e. Jack Dorsey, “the first NFT meme” i.e. Nyan Cat, or “the most famous meme ever” as well as the most iconic figure in the crypto world, i.e. Doge, or indeed one of the few visually and technically coherent digital art collections: Art Blocks.
Who guarantees that so many of the NFTs bought during this period of madness will be resold a second or third time, one, three, ten years from now? So far, the data do not look good: out of 6.1 million transactions, only 20% of NFTs were resold a second time, as Martino and Baronchelli note.
And so, we come to the end of this umpteenth gamification attempt, and thus to the fourth and last “secret”: it is impossible to imagine what the value of current NFTs will be one year from now, let alone in ten years from now, given the speed and the massive amount of works, tokens, platforms and metaverses that are currently on the table.
Remember the dot-com bubble at the end of the 1990s? This is a phenomenon of equal size and greater complexity, the researchers explain. We can assume that, as with dot-coms, when hundreds or thousands of economic proposals proliferate, only a few giants will survive, crushing and absorbing their competitors. In the transition between Web 2.0 and Web 3.0, as Baronchelli suggests, it is possible that the current economic system, where the user participates by enjoying free content while donating his data to a centralised platform that reaps huge profits, will be replaced by a model where the concept of ownership is redistributed among users. Following an observation by Matthew Ball, an acclaimed theorist of the future metaverse: if it wasn’t the New York Times, or any other print media mogul, that developed the most used news feed in the world – *spoiler* it was Facebook –, it will probably not be Facebook Meta that will develop the most frequented metaverse, or who knows what it will be called in three years, the most frequented tokenized virtual space.
Opening image: Machine Hallucinations – Space: Metaverse NFT Collection, Refik Anadol, Sotheby’s, 2021
Editorial DomusEditoriale Domus Spa
Via G. Mazzocchi, 1/3
20089 Rozzano (Mi) –
Codice fiscale, partita IVA e iscrizione al Registro delle Imprese di Milano
n. 07835550158
R.E.A. di Milano n. 1186124
Capitale sociale versato € 5.000.000,00 – All rights reserved – PrivacyInformativa cookie completaGestione Cookies

source

Continue Reading

NFT

Wafini NFT Marketplace Set To Launch On Cardano, Kicks Off Seed Token Sale To Early Adopters – GlobeNewswire

Published

on

| Source: Wafini Wafini
VALLETTA, MALTA
Valletta, Malta, Oct. 04, 2022 (GLOBE NEWSWIRE) — Wafini, a Cardano NFT marketplace on a mission to facilitate a “DAO Powered NFT Marketplace on Cardano” has kicked off the initial seed round for early adopters.

As DeFi, GameFi and NFT projects are now leaning towards being run as a DAO, which in recent times have risen to become the perfect governance structure for Web3 projects, Wafini has announced that the $WFI token holders will have the benefits of governance DAO structures on Wafini and will be utilized in an easy to use interface.
The Wafini marketplace is set to launch within the fourth quarter of 2022.
This will come after the Wafini’s test-net that will be made available only to $WFI Token and Wafini Genesis NFT policy ID holders.
Wafini Seed Sale
Wafini team announced today that the Wafini utility tokens are now available to early adopters. 
Early adopters can join the $WFI Token Seed Sale here: https://sale.wafini.app/
To become a member of Wafini DAO, each participant has to acquire and stake $WFI Tokens and Wafini Genesis Passport NFTs
How To Join The $WFI Seed Sale 
You can join the Wafini seed sale in 3 simple steps.
1: Buy ADA from an Exchange like Binance, Kraken, Coinbase and transfer to your ADA Cardano Compatible wallet like Nami Wallet, Eternl or Flint wallet.
2: Visit the Wafini token sale page and input the amount of ADA you want to join with and continue to sign the transaction to confirm your purchase.
3: Your purchased $WFI Tokens will be sent your wallet as soon as the transaction is conformed on the blockchain.
Here’s a detailed and pictorial guide on how to join the Wafini seed sale.
Wafini Seed Sale Details 
1 ADA = 50 $WFI Tokens
1 $WFI = 0.025 ADA
Duration = 30 Days
Seed  Sale Allocation: 15,000,000 $WFI Tokens
Minimum buy: 500 ADA

For further details on the Wafini Token Sale visit the documentation page.
About Wafini
Wafini is a Web 3.0 community driven decentralized NFT Marketplace for Non-Fungible Tokens & NFT collectibles where users will be able to mint, list, sell and swap their Non fungible tokens utilizing the Cardano Blockchain.
Buy $WFI Token: https://sale.wafini.app
Litepaperhttps://docs.wafini.app/litepaper
Website :  https://wafini.app/
Pitch Deck: Seed Deck
Twitter : https://twitter.com/wafini_app
Telegram Group : https://t.me/wafini
Media Contact:

Name: Vincent Kowalski
vk (at) wafini.app
Website :  https://wafini.app/

source

Continue Reading

NFT

4 Steps to Take Before Buying Your First NFT – The Motley Fool

Published

on

If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
Credit Cards
Banks
Brokers
Crypto
Mortgages
Insurances
Loans
Small Business
Knowledge
by Emma Newbery | Published on March 26, 2022
Image source: Getty Images
Read this before dipping your toes into the NFT waters.
The Ascent's best crypto apps for 2022 (Bonuses, $0 commissions, and more)
At the start of 2021, most people hadn’t heard of the word non-fungible token (NFT) and fewer still had any idea of what it meant. By the end of the year, Collins Dictionary had declared NFT its word of the year, and the market was worth an estimated $40 billion.
If you’re considering buying your first NFT, there’s a lot to think about. Here are four important steps to take first.
NFTs are essentially digital certificates of ownership, and those certificates can apply to a broad range of things. These include art, music, videos, sports collectibles, gaming items, and much more. You need to be clear on what type of NFT you’ll buy, and why you’re buying it.

Discover: Best places to buy bitcoin
More: Check out our updated list of best crypto apps including one offer with a $100 crypto bonus
If you’re buying an NFT because everybody’s talking about them, you may need to dig a little deeper. Otherwise it’s a bit like buying a book because you want to own a book, with no care as to who wrote it or what’s inside it. Choosing an NFT should depend on your own personal interests, and there are big differences between NFT sectors.
For example, perhaps you’re a gamer and want to buy an NFT avatar. You’ll have very different needs from a big basketball fan who wants to own an NFT of a favorite sporting moment. And someone who’s an art collector considering branching into digital art will also have different requirements again.
Every investment is different, but the fundamentals of investing are often the same. You need to understand what you’re buying — whether it’s a piece of art, shares in a company, cryptocurrency, or your first NFT.

Our top crypto play isn’t a token – Here’s why

We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. That’s how prevalent it’s become.

Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount.

Get started

We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. That’s how prevalent it’s become.
Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount.
Here are some aspects of NFTs to get to grips with:
You’ll probably come across several NFT marketplaces during your research. These are platforms where you can create, buy, sell, and explore NFTs. First and foremost, look for a platform that trades the types of NFTs you want to buy.
Also consider what blockchain network is used — as we mentioned above, Ethereum is the most common but Solana (SOL) and Tezos (XTZ) are also getting in on the NFT game. This is important because it’s difficult to buy NFTs using traditional money such as U.S. dollars. Not only do you need to own cryptocurrency, you need to own the right cryptocurrency.
Given the prevalence of NFT fraud, look at what each platform does to ensure the NFT you buy is properly authenticated. You don’t want to buy your first NFT only to find it’s not legit and the original artist didn’t even know it had been made.
Finally, you’ll need an NFT wallet. These are crypto wallets that also support NFTs. It’s easy to set up a wallet, and there’s plenty of useful information online to help if you get stuck. When you first create your account, you’ll be given a kind of master password in the form of something called a seed phrase. Keep it somewhere safe, as this will help you access your NFTs if you ever forget your password.
You’ll need a wallet that’s compatible with the trading platform and blockchain network you chose above. Another key feature to watch out for is security — two factor authentication is a must. If you become a frequent NFT shopper, you might consider a hardware wallet that keeps your NFTs offline. But to start, a software wallet connected to the internet will do the job.
We don’t know how the NFT sector will evolve, but these assets could change the way we own items online. However, there are a lot of issues to address, including the environmental cost and copyright infringements. Right now, the best way to approach NFTs is to pursue your existing interests. This will help you judge the quality and value of the items you buy.
Be aware that there’s a lot of speculation, hype, and outright scams in the NFT world. There are no guarantees that NFT prices will continue to rise, in fact, many may fall. That’s why it’s best to only spend money you can afford to lose. If prices fall, it won’t prove financially devastating. Most of all, take your time and enjoy learning about a new world of digital ownership.
Emma owns the English-language newspaper The Bogota Post. She began her editorial career at a financial website in the U.K. over 20 years ago and has been contributing to The Ascent since 2019.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Emma Newbery owns Ethereum, Solana, and Tezos. The Motley Fool owns shares of and recommends Bitcoin.
Featured Offer
100% Commission Free Crypto Trading – 4.5 Star Rating
Related Articles
Best Cryptocurrency Apps and Exchanges
Best Places to Buy Bitcoin
Cryptocurrency reviews: apps, exchanges, and brokers
Best NFT Wallets
Best Cryptocurrency Apps and Exchanges
Best Places to Buy Bitcoin
Cryptocurrency reviews: apps, exchanges, and brokers
Best NFT Wallets
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 – 2022 The Ascent. All rights reserved.

source

Continue Reading

Trending

Copyright © Diaily Meta News