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If you're conversant with Web3, you probably already know about the current realignment that has been going on in the NFT (non-fungible token) space over the past six months. If you don't know, here's a rundown of what's happening.
More people are minting unique NFTs than ever before, offering potential buyers and sellers plenty of online storefronts to choose from when purchasing unique digital tokens. In fact, there may be too many to choose from if you’re on the business side and just trying to find the right platform to bring your assets to the blockchain.
Web3 presents an exciting new opportunity for musicians to expand their reach beyond conventional channels and take control of their revenue. By minting NFTs on the blockchain, bands and performers can create unique digital items for collectors to own or sell, earning revenue with each transaction.
Today, we are revealing a set of NFT utility data and insights after comparing trading volumes from OpenSea’s top 100 collections of all-time with those over an analysis period of 30 days, from October 15, 2022 to November 15, 2022. Analyzing each collection to determine how utility types are evolving, these data uncovered a growing interest in NFT utility types beyond PFPs (profile pictures), particularly content, events, and rewards distribution.
Sports NFTs are a growing market, with players and teams vying to tap into the new demand for digital collectibles. Marketplaces from some of the biggest names in NFTs as well as sports-specific platforms are competing for your attention — and your business. With so many options to choose from, finding the best sports NFT marketplace to match your team’s brand, or your personal brand as an athlete, takes some research. Fortunately, we’ve already broken down six of the most promising contenders to help you start engaging with and monetizing your fans in exciting and secure ways.
Music plays an important role in life, underscoring our highest highs and lowest lows. The personal connections that fans create with their favorite music may even form the basis of their cultural identity — and now that connection can go deeper. Bands and other music businesses can offer their own NFTs to connect with their fans, leveraging digital marketplaces to create recurring revenue streams. No matter how an organization chooses to make its foray into the NFT music world, it all starts with finding the best NFT marketplace for music to fit its needs.
Bradley Tusk is the CEO and co-founder of Tusk Ventures, the world’s first venture capital fund that invests solely in early stage startups in highly regulated industries. Tusk Venture Partners specifically invests in early-stage consumer technology startups operating in heavily regulated markets across North America, which makes perfect sense as to why they invested in Dibbs. Despite not owning a single NFT, Tusk answers questions about how we got him onboard and what regulation ideally looks like for him in Web3.