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Crypto Update: Emirates Adds Crypto Payment Option, Launches NFT Collection – Forbes

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Emirates, the United Arab Emirates flag carrier, is adding Bitcoin as a payment option and launching non-fungible tokens (NFTs) as part of a drive to build “signature brand experiences.”
The airline will incorporate digital solutions such as those underpinning cryptocurrencies and the blockchain as part of its strategy to improve customer service.
Cryptocurrencies are a digital means of exchange which use cryptography to make transactions secure. Blockchain is the database technology at the heart of nearly all cryptocurrencies.
Headquartered in Dubai, Emirates says it will recruit staff to create NFT collectibles that will be tradable on its website. NFTs are digital assets that provide the owner with unique online versions of artwork, music and video.
The company has not said when the new features would be available.
The airline introduced virtual reality technology on its website and the Emirates app more than five years ago, providing three-dimensional, 360-degree view experiences of its onboard cabin interiors.
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Investment giant Fidelity Investments is planning to give US workers the option of adding cryptocurrency into the asset mix of their retirement savings plans.
US 401(k) retirement accounts typically feature asset classes such as stocks and shares, bonds and cash.
The move by Fidelity, as reported by the Wall Street Journal, to offer workplace investors the option of adding Bitcoin to their savings accounts, would be a first. Cryptocurrency remains controversial because of its huge volatility and the possibility of incurring significant losses.
The crypto option will be available to the 23,000 employers that use Fidelity to administer their retirement accounts by the summer. With around £8.5 trillion in assets under administration, the fund manager is the largest retirement plan provider in the US.
Fidelity said there is growing interest from retirement plan sponsors for vehicles that allow them to provide their workers with access to digital assets in defined contribution pension plans. 
Such plans enable workers to build up a savings pot from which a pension is eventually drawn. 
Despite the apparent enthusiasm to incorporate crypto into retirement planning arrangements, US regulators have urged caution against accommodating digital assets within 401 (k) arrangements. 
Last month, the Department of Labor urged plan sponsors to exercise “extreme care” before they considered adding a cryptocurrency option into the investment menu of their retirement accounts.
The warnings echo the stance taken by the UK financial regulator, the Financial Conduct Authority (FCA), in relation to crypto assets. 
The FCA frequently warns consumers about the volatile nature of the crypto market, reminding would-be investors that crypto assets in the UK are unregulated, high risk and offer nothing in the way of financial protection if things go wrong.
Meta, the social media giant formerly known as Facebook, is considering introducing an in-app currency. The tokens have been dubbed ‘Zuck Bucks’ by company insiders, referencing Facebook founder Mark Zuckerberg. 
Unlike a cryptocurrency, Zuck Bucks would have no value outside of the Meta app-sphere, making them comparable to those found in mobile games such as Roblox’s ‘robux’.
Such currencies have garnered media coverage because children have used their parents’ payment details to buy hundreds of pounds-worth of tokens.
The in-app currency development follows February’s winding down of the Facebook-funded Diem stablecoin cryptocurrency, following regulatory challenges.
Speaking at the South By Southwest conference last month, Mr Zuckerberg signalled that Meta has not given up on blockchain technology, telling reporters that non-fungible tokens (NFTs) would soon be coming to its platforms.

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Chancellor of the Exchequer Rishi Sunak MP has told the UK’s producer of notes and coins to create a non-fungible token (NFT) as part of a move to mark the UK’s forward-looking approach to the cryptocurrency industry.
NFTs are digital assets that represent real-world objects, such as unique works of art or mementoes of memorable sporting moments. NFTs, along with cryptocurrencies such as Bitcoin, use blockchain, a multi-point computer ledger designed to safely store digital data.
Speaking today at the Innovate Finance Global Summit, John Glen, economic secretary to the Treasury, announced that Mr Sunak has asked the Royal Mint to release an NFT this summer.
No details were given of what image or object the NFT might represent, nor whether NFTs would be used to generate funds for the exchequer.
Mr Glen said the announcement was one of a series of measures to make the UK a “global hub for cryptoasset technology and investment.”
Other measures announced by Mr Glen included:
Today’s announcement to launch an NFT at a time when the UK is in the grip of a cost-of-living crisis may raise eyebrows. Following his recent Spring Statement, Mr Sunak came under pressure from all sides of the political divide for not doing more to help the UK’s increasingly hard-pressed households.
News that May’s Crypto Sprint will be led by the FCA also has the potential to stoke tensions between the Treasury and the UK’s main financial regulator about future plans for the crypto industry.
The FCA issues regular warnings to consumers about the crypto industry, reminding them that cryptoassets are unregulated and high-risk.
The FCA’s current stance on crypto as an investment is that investors “are very unlikely to have any protection if things go wrong, so people should be prepared to lose all their money if they choose to invest in them”.
The Financial Conduct Authority (FCA), the UK’s financial regulator, has extended a short-term licensing arrangement for several cryptocurrency firms, providing them with more time to get their affairs in order.
The FCA had previously announced that crypto companies operating without permanent licences by 1 April 2022 would be made to stop their UK operations. 
Crypto firms operating in the UK are required to register with the FCA under anti-money laundering regulations. So far, 33 firms have been added to the regulator’s list of registered cryptoasset organisations
But the regulator has now said that a dozen firms on its temporary register of cryptoasset businesses will be given additional time providing that they can show they need it.
The FCA’s Temporary Registration Regime for cryptoasset businesses was set up in December 2020. This allowed existing cryptoasset firms, whose applications had yet to be assessed by the regulator, to continue trading providing they had applied to register before 16 December of that year.
The FCA’s temporary register shows that two of the 12 firms now offered extensions include payments and banking app Revolut and Copper, a business that helps financial institutions trade cryptocurrencies.
Crypto firms on the temporary list will be given extra time if they supply more information for their application. According to the FCA: “This is necessary where a firm may be pursuing an appeal or may have particular winding-down circumstances”.
Earlier this year, a House of Commons Treasury Select Committee report criticised the FCA for the amount of time it had taken to deal with applications and recommended that the 1 April deadline should not be extended.
The regulator issues regular warnings to consumers about the crypto industry. It reminds would-be traders that cryptoassets are unregulated and high-risk, which means people are “very unlikely to have any protection if things go wrong, so people should be prepared to lose all their money if they choose to invest in them”.
The FCA’s Financial Services Register includes a list of unregistered cryptoasset businesses. According to the FCA, these “are UK businesses that appear to be carrying on cryptoasset activity that are not registered with the FCA for anti-money laundering purposes”.
Earlier this March, the FCA said it had opened more than 300 cases on unregistered crypto firms in the past six months “many of which could be scams”. 
The UK’s advertising regulator has issued an enforcement notice to more than 50 companies promoting cryptocurrencies, setting out its standards for ads and including warnings against encouraging investors to buy through fear of missing out.
The Advertising Standards Authority (ASA) says it issued the notice as part of an ongoing clampdown on “problem” cryptocurrency ads and to ensure that consumers are treated fairly in this area of the financial marketplace.
As part of the notice, ASA provides guidance on how the crypto industry should keep to the rules when promoting its products.
ASA says advertisers should state clearly that cryptocurrencies are unregulated in the UK and that the value of holdings can go down as well as up.
It adds that promotions must not imply that cryptocurrency decisions are trivial, simple, or suitable for anyone, nor must they imply a sense of urgency to buy or create a fear of missing out.
The guidance extends to ads in the press, on TV, via email, outdoor posters, in promoted social media posts and via paid agreements with influencers.
ASA will continue to monitor the situation and warns that it will take “targeted enforcement action to ensure a level playing field” if problem ads persisted after 2 May.
Earlier this year, the government said new rules on cryptocurrency advertising, overseen by City watchdog the Financial Conduct Authority (FCA), would be introduced bringing them into line with traditional financial promotions.
Guy Parker, the ASA’s chief executive, said: “Crypto has exploded in popularity in recent years. We’re concerned that people might be enticed by ads into investing money they can’t afford to lose, without understanding the risks. Working alongside the FCA, we’ll take strong action against any advertiser who fails to ensure that their ads are responsible.”
Sarah Pritchard, executive director of markets at the FCA, said: “People should be wary of any promotion promising high investment returns and do further research before investing, including through the FCA’s InvestSmart website. 
“Crypto assets remain unregulated and those who invest in them should be prepared to lose all their money.”

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Watchdog the Financial Conduct Authority (FCA) has told cryptoasset firms to close any automatic teller machines (ATMs) offering crypto services in the UK.
ATMs offering cryptoasset exchange services in the UK must be registered with the FCA and must comply with UK Money Laundering Regulations (MLR).
The regulator says none of the cryptoasset firms registered with it have been approved to offer crypto ATM services. This means that any of them operating in the UK are doing so illegally and consumers should not be using them.
The FCA is contacting operators of crypto ATM machines in the UK to tell them that the machines be shut down or the operators will face further action.
The regulator issues regular warnings to consumers that cryptoassets are unregulated and high-risk, which means people “are very unlikely to have any protection if things go wrong, so people should be prepared to lose all their money if they choose to invest in them.”
Premier League champions Manchester City have signed a multi-year deal with cryptocurrency exchange OKX.
The partnership, OKX’s first move into football sponsorship, will give the exchange an in-stadium presence at the club’s Ethiad stadium. The deal covers the men’s and women’s teams, as well as City’s e-sports operations.
Seychelles-based OKX claims to be the second largest cryptocurrency exchange with 20 million users worldwide. As part of the deal, it said it would be collaborating with City “to explore future innovation projects together”.
Sponsorship deals between football clubs and the cryptocurrency industry have become a regular occurrence in recent months.
The Bitget exchange recently announced tie-ups with both the Turkish side Galatasaray and the Italian club Juventus. See story from 17 February below. 
Turkish football team Galatasaray has partnered with a cryptocurrency exchange in a brand-building initiative aimed at introducing fans to the crypto sector.  
The sponsorship deal, brokered by Capital Sports Media Group, will feature the Bitget exchange as Galatasaray’s official partner on multiple platforms and media assets across both the club’s football and basketball teams.
The announcement is the latest commercial deal involving football and the cryptocurrency industry. It follows Bitget’s recent association with Italian side Juventus.
Earlier this month, Polish team Legia Warsaw revealed a tie-up with sport and entertainment agency Capital Block, to explore how to market Non-Fungible Tokens (NFTs) – a form of digital collectible – to its fan base.
Last October, Capital Block, the NFT division of Capital Media, advised Galatasaray on its first NFT release, featuring Ali Sami Yen, the club’s founder, which sold out in less than a minute. 
Sandra Lou, CEO of Bitget, said: “Turkey has demonstrated significant interest in the crypto sector and we look forward to growing our community in this market as we continue to lead educational and knowledge sharing opportunities within the space.”
Tim Mangnall, CEO of Capital Block, said: “We have been working with Galatasaray for a while now and we know how committed the club is to being aligned with the most modern and revolutionary technologies out there.”
Associate Editor at Forbes Advisor UK, Andrew Michael is a multiple award-winning financial journalist and editor with a special interest in investment and the stock market. His work has appeared in numerous titles including the Financial Times, The Times, the Mail on Sunday and Shares magazine. Find him on Twitter @moneyandmedia.
Staff writer Mark Hooson has been a journalist within the personal finance, consumer affairs and fraud sectors for more than 10 years. He is also Forbes Advisor UK’s resident tech expert. Mark says he thrives on making ‘complicated and dry topics easier to digest’.

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

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

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| 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/

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

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by Emma Newbery | Published on March 26, 2022
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Read this before dipping your toes into the NFT waters.
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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.

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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.

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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.
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