Tropee aims to inject utility into NFTs by helping brands easily create user experiences out of their collections.
a $4.2 million investment into Lasso Labs, which allows NFT holders to track the utility of their assets.
These raises came despite stuttering volumes on marketplaces and similarly suppressed floor prices for popular collections throughout this year.volume on popular Ethereum NFT marketplace OpenSea hit close to $5 billion, that figure has trailed off to a mere $326.4 million last month.He thinks the trend will help transform the technology into something more closely associated with utility.
"A lot of people were buying not because they were passionate about the community or because they were passionate about their NFTs but because they wanted to make a quick buck," he said."The next phase will be about buying NFTs to enjoy value out of them whether that be real life or digital value." © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rockhill Capital & Investments, Horizon Capital Partners merge - Dallas Business JournalRockhill Capital & Investments has combined with Horizon Capital Partners. Together, the firms command more than $300 million in managed real estate assets.
Read more »
The Best PixelArt Software and NFT Projects to Follow in 2023 | HackerNoonToday, there is nostalgia for pixel art. The creativity of the 90s is returning to the modern world as a fashion item to stand out and offer a unique product. - nfts pixelart
Read more »
DeFi, NFT Remains Resilient Despite FTX Implosion: DappRadarFTX story is yet to reach conclusion, the appetite for Web 3 is still high.
Read more »
WME talent agency signs Valfré, artist part of Instagram’s NFT push: ExclusiveTop Hollywood talent agency adds Mexican contemporary artist Ilse Valfré to its roster of web3 creators which already includes Mack Flavelle and Bright Moments.
Read more »
How to Claim a Free CR7 Mystery Box on Binance NFT | Binance SupportWhat can I get from a CR7 NFT Mystery Box? Mystery Box holders have an opportunity to bag a free Super Super Rare (SSR) or Super Rare (SR) NFT from the collection. If you're wondering how to redeem it, follow this guide ⤵️
Read more »