ALL NEWS

Innovations will stimulate the implementation of NFT, despite the presence in the mainstream: the founder of NFTGO ## the presence of global players can be positively perceived by the industry, but Tony Ling claims that this does not affect the mass introduction.

the presence of global players can be positively perceived by the industry, but Tony Ling claims that this does not affect the mass implementation.

The presence of large players in the market of non -functional tokens can attract beginners, but will not lead to mass acceptance or innovation, said Tony Ling, co -founder of NFTGO in an interview with Cointelegraph. Large events, such as the acquisition by Figma Adobe, can potentially affect the creators due to the combination of the capabilities of both companies. Adobe, for example, owns the Behance, a platform for creative shows, which allows users to connect cryptocurns and NFT to their profiles, and Figma provides sets for the creators of NFT. However, the presence of the mainstream in this space is not considered as a change in the game, since the industry is faced with problems associated with high royalties and a bear market, as evidenced by a recent reduction in 20% of personnel in Opensea. “Key innovations should take place in the new center, and not in some of the existing large unicorns,” Ling added. Bundlesbets.com CEO, Brand Gentry, shared a similar opinion, noting that, in her opinion, "the industry will always adapt and find new tools", regardless of the players in the market. Nansen NFT indexes that track the indicators of the NFT cross-sectors, at the time of publication decreased by 24% this year. This corresponds to a wide consolidation of the market, explained Louise Cho, analyst-research by Nansen: "We are observing a decrease in volumes throughout the market. However, NFT projects with a convincing narrative of the community and cultural references continue to demonstrate good results." The GameFi sector is likely to stimulate the rise, the latest Dappradar data indicate. The total bidding of NFT in August increased by 13.25%, and sales increased by 83.36% and amounted to more than 1.3 million non -granous tokens. In Central, South Asia and Oceania (CSAO), 58% of the total web traffic sent to cryptocurrency services is associated with NFT, which stimulates the adoption of cryptocurrencies, the Chainalysis says in the new report.

9/27/2022