Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover.
Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22
NFT artist Johnathan Schultz believes that the era of NFTs without utility is dwindling, and to survive, it must outgrow the “memeification” of things.
Industry expresses confidence in the NFT space amid the FTX collapse
“We wanted to show Mojang that it could be done in a way that benefited them and benefited their player base,” said MyMetaverse CEO Simon Kertonegoro.
Metaverse firm implements NFTs into its Minecraft and GTA 5 servers
How to crypto
As an ERC-20 compatible token, Enjin Coin, a cryptocurrency introduced by the Enjin corporation, may be transmitted and received using an Ethereum wallet.
What is Enjin (ENJ) and how does it work?
Crypto prices have dropped to multiyear lows, raising the question of which assets from which subsectors are ready for accumulation.
Time to accumulate? 5 sectors to watch during crypto winter
A Web3 startup has also created a subscription model that uses nonfungible tokens to offer lifetime Netflix and Spotify memberships.
Playboy to launch in The Sandbox metaverse: Nifty Newsletter, July 6–12
"There's also a hugely untapped mountain of gold in gameplay possibilities with NFTs," says Radomski.
How will NFTs bridge traditional gaming with blockchain? Enjin's CTO Witek Radomski explains