For the Love of the Game (Market Commentary) |
NFT events have been the hottest ticket in town since the world was introduced
to non-fungible tokens. Electricity generated from projects and fans coming together seems to power the space until the next event, but are we experiencing an overload? In the past year, Web3 has had an IRL presence at Miami NFT week, VeeCon, Consensus, SXSW, NFTNYC, NFT London, Art Basel Miami, NFT LA, NFTNYC again, and dozens of additional events. That’s a lot of
talk and travel for a culture that primarily lives in the digital space. NFTNYC is set to kick off tomorrow for the 2nd time in less than ten months, and it’s becoming evident that collectors, and even the builders, are experiencing some event fatigue. Conversations from the past few NFT events show concern among the community that
turnout is lacking, and even last month’s NFT LA (now named Outer Edge), though well attended, didn’t seem the same as in 2022. Some
of the biggest NFT projects are choosing to stay home from NFTNYC this year. CyberKongz and Yuga Labs, both in the thick of delivering new products to their communities, are just a few noteworthy names not hosting their own events at NFTNYC. With both typically having a presence at the major NFT events, one can speculate if the sheer pace of events has them considering just how important it is to be at them all. Still, everyone is expecting a strong showcase of announcements from plenty of projects that span Web3. Samsung x Artblocks, DeGods, Pudgy Penguins, Adidas, and Cyberbrokers are major names that demonstrate the current strength of Web3
brands, while one of the world’s best-selling generative artists, Zancan shows us the pinnacle of generative art on the blockchain. Whether attending to meet up with friends from around the world or anxious to hear what’s on the horizon from their favorite project, collectors will be hard-pressed to find a bigger concentration of builders than at NFTNYC. This year
will certainly be worth their time if they want to hear from the NFT space’s thought leaders, including Eddie Satterly from OneOf, Sebastian Oddo from Mastercard, Jenn LaRocco from SMX Media, Yat Siu from Animoca, and even CryptoSlam and Forkast News’ first appearance (coming with a big announcement). Don’t bother unpacking your bag after
returning from NFTNYC. VeeCon will return next month, as Gary Vaynerchuk once again delivers the most utility you can get in an NFT through his massive NFT conference for VeeFriends holders. How’s that for utility? The Forkast 500 NFT Index is down nearly 1.5% in the past 7 days, due to low trading volume from the Easter holiday, folks
planning for NFTNYC, and the opportunities happening on the crypto side of the blockchain. Can traders expect NFTNYC to jump start the NFT market again? Many are hopeful, but just for this
week, they’re outnumbered by those who are here in Web3 for the innovation and vibes. To that end, the NFT space is richer than most can imagine.
Have a MEGA GM and enjoy NFTNYC!
(Disclosure - I own NFTs from CyberKongz, Yuga Labs, ArtBlocks, and Cyberbrokers, and have family that works for the CyberKongz) Everyone is wondering.. when is Web3 gaming going mainstream? The answer is now and here's a little secret. If you want people to play Web3 games, you gotta make them fun to play. I know it's, f****** wild. Dimension X is built by Crypthulhu Studios. A game
studio that knows good gaming first, crypto second. Here's how Dimension X works: - You create an account with an email via Dapper Wallet
- You create teams using free "account-bound" sidekicks and NFTS that attack the boss.
- If you beat the boss you can unlock more account-bound sidekicks and earn
THUL (the in-game currency) to mint new FT heroes that can be staked in-game or sold on the
secondary marketplace
Each season has new sidekicks and a specialty event. And you can cop an NFT hero on the Gaia marketplace - the same marketplace that hosts NBA Top Shot and other Web3 games. Dimension X has new game features every 3 months, so you never get bored. And they are expanding to Ethereum in Spring 2023. |
Probably a word you’re starting to hear more frequently, Web3 is the term that describes the world’s upcoming internet experience. The first iteration of the internet is referred to as Web1, the era of social media and e-commerce is Web2,
and now Web3 is being born from the blockchain. Incorporating crypto, NFTs, and decentralized platforms, Web3 will allow more privacy and security as it ushers in an age of digital ownership that also becomes tangible IRL (in real life). The future of the internet is here in Web3, and worth some time exploring. Happy Researching! Received this from a friend? Sign up for this twice-a-week CryptoSlam VIP newsletter. |
Coming up on our Next Episode Keep an eye out for our new podcast, coming up with Panini, one of the most active digital sports collectible communities in the industry. We will get into why their community utilizes CryptoSlam, what they are working on, and
more. Watch all of our previous episodes on Youtube. Don't have time to watch? Listen to all of our episodes, available now
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