Latest Significant NFT News
NFT market to reach $97.6 billion in 2028
According to the published report "Research and Markets", NFT is one of the key tools in the verification of copyrights and intellectual property. Based on this factor, the NFT sector is projected to grow to $97.6 billion by 2028, at a compound growth rate of 31.6% over the forecast period.
"Research and Markets" expects that with guaranteed conditions for keeping NFT, as intellectual property, in the block chain protected from unauthorized access, the sector will rapidly develop, attracting more and more investments that will help popularize NFT in general. For example, any author of a drawing, photographer, author of a literary work or even a fashion designer will be able to protect their copyrights by creating a smart contract based on the blockchain.
The study also revealed that the ERC-721 standard token played a big role in the implementation of the NFT, and the ERC-1155 token brought the sector to a new level by reducing the cost of storage and transactions.
One of the modeling agencies decided to go in the direction of NFT
The modeling industry in the material world is very successful and brings in billions of dollars every year. But can this success carry over to the metaverse? Modeling agency Photogenics, operating both in the US and Europe, is ready to answer this question.
The agency has announced its new avatar division. Models will have careers both online and offline. Photogenics works by creating realistic avatars of their models that can operate in the metaverse.
To launch this new division, 13 3D avatars of existing models will be released. The agency not only plans to use them for traditional modeling work, but also wants to take on the vtubers field; virtual avatars that run YouTube channels.
Collection on Solana NFT ABC Skyrockets, defeated "bored monkeys"
Ethereum-based Otherdeed and Bored Ape Yacht Club are currently ranked second and third, respectively, behind the Solana-based “ABC” NFT collection, which saw the most trading activity over the past day.
The ABC collection, according to cryptoslam.io, has risen from ninth to first place in one week. The collection's total sales at the time of this writing were $2,139,047, up 94.11% from the previous day.
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