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.
The last few weeks have been a whirlwind for the traditional financial sector. With major banks shutting their doors or being acquired, we have seen a pinnacle moment in the industry. On the other hand, Crypto has responded in a rally to all this uncertainty, with Bitcoin valued at $29K at its peak a week ago. To dive deeper into this topic, we spoke to - Scott Melker, aka The Wolf Of All Streets; Simon Harman, Co-founder & CEO of Chainflip; and Flavian Manea, Co-founder & CEO of Bware Labs, on Where are we in the Market Cycle.
For everyone who missed the Live Twitter Spaces on Thursday, March 23rd, we have summarized the top 5 key takeaways from the session. You can also listen to the entire live recording in the link below ⬇️
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.