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Global NFT Sales Value Jumped
The theory behind this bullish outlook is that NFTs will continue to be adopted by video games, artwork, music, and digital collectible industries. NFTs may indeed have staying power if life becomes more virtual in the coming years, in a sense that consumers use virtual assets in the metaverse.
In practice, NFTs gain value when buyers can sell their NFTs at a higher price than they paid. Not only that, just as with cryptocurrencies, a collection of Non-Fungible Tokens increases in value when market demand increases and the overall supply of NFTs available for sale decreases.
NFTs are simply a way for rich people to move illegally obtained money through a channel that makes it look legal. According to data presented by CryptoPresales.com, global NFT sales value jumped by 10% year to $21.9bn in 2022. Sales Value Increased by $2.1B YoY.
While 2021 welcomed high-value NFT sales, soaring cryptocurrency prices, and an influx of new investors, 2022 has seen trading slow, and crypto prices drown in the aftermath of extended crypto winter.
But, thanks to strong trading activity in the first half of 2022, the annual NFT sales value increased by $2.1bn year-over-year. A report says, besides a 10% increase in total sales value, 2022 also witnessed a considerably higher number of transactions in the NFT market.
There’s no doubt that the NFT market has taken a serious hit in 2022, some very bullish analysts and industry insiders still see 2023 as being much kinder to the market.
This hope rests on the fact that NFTs are a crucial part of the digital economy, which seems destined to expand, even if it doesn’t become the “parallel universe” equally important to today’s market that some predict.
Overall, there are several brands getting into the metaverse space, floating their own digital collectibles, and thus, opening the way for completely digital interactions for their audience in the Web 3.0 space.
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Bhumi Pednekar on reaction to Thank You For Coming, OMG 2, lack of gender equality, viewer hypocrisy
Bhumi Pednekar recently appeared in the comedy Thank You For Coming and the film invited some extreme reactions from the viewers. While some praised the film for its bold concept, some shamed it for that. In an exclusive conversation with Bollywood Bubble host Akash Bhatnagar, Bhumi spoke about the latter group of people and slammed them for the shaming. She expressed her disappointment towards people who didn’t criticise the film but its intent. The actress discussed the prevalent gender bias and how people never took offence when she was a part of such stories told from a male perspective. She pointed out how Pankaj Tripathi and Akshay Kumar starrer OMG 2 was supported by the same people who shamed her film, when somewhere they dealt with the same subject. Bhumi revealed if not getting any support from women within the industry disappointed her. She highlighted the hypocrisy of the situation that people accept objectification of women but have a problem with them talking about their sexuality. You can watch the entire conversation here.
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