The NFT market continues to face low sentiment as sales volumes have dropped 29% in the last 30 days, and mainstream media is reporting NFTs as “worthless.” Covered by The Guardian, Cointelegraph, Yahoo, The Hindu Times, and more, a recent study conducted by dappGambl, which analyzed data from NFT Scan and CoinMarketCap, found that 95% of NFT collections, equivalent to 23 million individuals, hold NFTs with no market value – as 69,795 out of 73,257 collections have a market cap of 0 Ether.
Move-to-earn apps have been circulating within Web3 since the early 2020s. Despite their use of blockchain technology and ability to onboard users in a fun and easy-to-understand manner, move-to-earn apps have also helped create healthier habits by rewarding users with monetary incentives.
Morningstar Venture’s portfolio company, Humans.ai, is a leading blockchain and AI solutions provider. By leveraging the power of both technologies, Humans.ai is creating an ecosystem where artificial intelligence is scaled and governed within an ethical and transparent framework.