NFT News June 6, 2022

NFTs, What Makes a Collection Worth Looking at and Why?

Published

3 weeks ago

June 6, 2022

In a previous article, we’ve written about what NFTs are and about the valuation process that determines their fluctuating value. In today’s article, we will be examining some of the elements that determine what may constitute a valuable collection of NFTs overall. Not all collections contain a preponderance of valuable NFTs, and this may change what the maximum monetary range is for that collection. Also, some NFT collections only contain one or two super valuable pieces, which bears examining in the first place from an economic point of view.

Collections

Collection generally have set themes and can be released in multiple forms under different names. Some first runs, occasionally called Genesis collections, to help distinguish them from those that come afterward, have an artistic theme that sets them apart from the next iterations. However, not all original sets are as popular as subsequent versions. This can happen for a number of reasons, including fan populations and opinions fluctuating, and rarity changing.

Rarity

Most of this is about personal taste and sustainability of liquid value over time. On OpenSea, anyone can view the NFT world assembled according to the current market value. This value is determined by the dollar amount being spent and that has been spent on the collection. However, these fluctuations can become a static representation of the NFTs because of how this economy works. In the end, an investor will have to decide what they want to do with their NFTs and whether or not they ant to invest them at the end ofthe day.

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Billy Houghton

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading. He started writing about the Metaverse, as he thinks its the future of everything AI related.

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NFT News

The Genesis NFT Collection From Bentley Motors is Coming

Published

10 hours ago

June 25, 2022

Billy Houghton

The famous British luxury car designer Bentley Motors Limited is finally doing what we all hoped they would do all along. They will be designing something for the future Web3 ecosystem. This is going to take the form of the launch of a non-fungible token (NFT) collection, which will be on the Ethereum scaling platform Polygon, the company announced today. According to a recent announcement, the new NFT collection is slated to hit the markets in September 2022 and will feature a collection of a total of 208 pieces.

The News

Bentley Design is going to be in charge of making the NFT collection. Investors and purchasers that obtain the NFTs will receive special access and rewards from Bentley Motors. The car manufacturer did not release the NFTs’ price tag as yet.

Additionally, Bentley Motors has told sources that they plan to contribute the proceeds of the sale of all the NFTs to supporting students interested in engineering, design, and manufacturing. Additionally, the company plans to use the funds to support organizations that push for sustainability, especially in the transportation industry.

The Scoop

“The car manufacturer chose to drop its NFT collection on Polygon because the network is carbon neutral. Per the announcement, the Bentley NFTs will be eco-friendly, helping the company build on its commitment to achieving end-to-end carbon neutrality by 2030.” -Bentley

This collection will eventually set a precedent that all car companies and will hopefully result in more than a few collections getting fast-tracked.

NFT News

Cryptoys is a New Startup For Kids Blockchain Development

Published

1 day ago

June 24, 2022

Billy Houghton

Cryptoys, the internet start-up, is getting a boost in funding to achieve its goal. That goal is, in short, building a blockchain-based toy infrastructure that will get younger users used to the ideas of digital ownership and complex NFT mechanics. They have just finished raising $23 million which was headed up by Mattel, Dapper Labs, Draper & Associates, Acrew Capital, CoinFund, Animoca Brands and Sound Ventures. Cryptoys recently announced a $7.5 million seed round as well, and in this article we will examine the plan.

The News

Why should kids care about their in-app purchases being blockchain-ordained? This is a question put forward by the company as it finishes the round of funding. Weinraub, the CEO, says that “kids bouncing from platform to platform means a lot of digital asset value being lost, and he thinks his own children would be interested in reselling in-game items they’ve bought and grown tired of to fund new digital purchases.” Weinraub has stated that he believes that the occurrences of parents spending large amounts of money on cartoon animal NFTs means that they can get closer to their kids this way, and they want to continue that trend by enhancing the parental voice in the markets.

The Scoop

“For those parents that have gotten involved in the NFT space in the past several months, it’s fair to say that many investments haven’t turned out as profitable as anticipated even as many of the companies involved have seen big paydays.” -Tech Crunch

NFT News

NFT Conference Happening in Spite of the Crypto Crash

Published

3 days ago

June 23, 2022

Billy Houghton

Despite the fact that crypto has been on a steady decline in valuations over the past few months, NFTs are on the up in a big way. “Enthusiasts” as they are referred to, have decided to put together a gathering that will take place in New York…in Times Square, in fact. The huge crash wasn’t necessarily foreseen, but some speculated on the potential some number of months ago, and this speculation nudged some people in the direction of NFTs. The relative boon that non-fungibles have seen in comparison is staggering, and many investors have made a substantial investment in them.

The News

The conference will take place in a local hotel event space, and will feature several events and booths for the vendors and artists . Several of the attendees will spend the evening trying to convince the investors in attendance that their newest NFT pitch is worth investing in, but that won’t bring down the mood. It isn’t merely a sales event, either, it is a chance for NFT enthusiasts and investors to get ahead of the crash, perhaps in the midst of it, and find a new approach to the industry.

The Scoop

Not everybody’s going to make it. Not everybody’s going to be able to get to the promised land, which might be longer than we all hope and we all expect. Everyone knew that the winter was coming,” she said. “It came a little faster than some people estimated, but no one went into 2022 thinking that there wouldn’t be a period of change. There’re very few institutional museums out there that are immediately responsive to trends. That’s just not what a museum generally is about.”