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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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CII Celebrates India@75 - India's IT Journey@75
#DYK India is the largest #Software exporter in the world? As India completes #75yearsofIndependence, let's look at the country's IT journey over the last 75yrs.
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Modi Sarkar के खिलाफ सड़कों पर उतरे हजारों लोग | Jammu and Kashmir | Breaking News | #dblive
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India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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Isha Malviya’s boyfriend Samarth Jurel exposes her ex Abhishek Kumar & his violence | Bigg Boss 17
On Bigg Boss 17 we have seen the fastest wild card entries and these would only cause lots of fireworks on the show. Now as Samarth Jurel, who is Isha Malviya's boyfriend, enters the BB17 house as a contestant, he spoke to Bollywood Bubble's host Nawaz Kochra. From exposing the violence Abhishek Kumar inflicted on Isha to sharing how Isha's ex used to slap her and cause her harm. He even confirmed their relationship and shared how seeing Isha getting close to Abhishek left him heartbroken. Commenting on Isha being Ankita Lokhande's shadow, Samarth also explained how his entry will change the dynamics on the show. Watch this explosive interview here!
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Special Briefing on the Visit of President of Maldives to India (August 02, 2022)
Special Briefing on the Visit of President of Maldives to India (August 02, 2022)இவரால் Ministry of External Affairs, India| 194320 பார்வைகள்
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ECI Press Briefing
Press briefing of Election Commission of India on completion of 2nd Phase of #LokSabhaElection2019 and State Legislative Assemblies elections.
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आज का राशिफल 05 February 2024 AAJ KA RASHIFAL Gurumantra-Today Horoscope || Paramhans Daati Maharaj
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12 राशियां और आप
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शनिदेव और आप 2024
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Yearly Rashifal कैसा रहेगा 2024
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Monthly February Rashifal 2024. February Horoscope 2024
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