#NFT collectibles

[stillinstealth]

Continuing to experiment. These are rough sketches. Just keeping track. Will look back at them, cringe and chuckle… lol

[cheongha]

Pig Zodiac Statue

[n-lesnikova]

#NFTcollection 🎈MAKE A WISH AND LET GO

[jypsyvloggin]

NFTs: The Next Big Thing in the Crypto World?

NFTs: The Next Big Thing in the Crypto World? What is an NFT? NFT stands for non-fungible token. A non-fungible token is a unique digital asset that cannot be replaced by another asset. Each NFT has its own unique identifier and metadata, which makes it impossible to counterfeit or duplicate. NFTs are stored on a blockchain, which is a distributed ledger that records transactions in a secure…

[nikographyart]

“A planetary explosion”

The new NFT Art collection of rising star digital artist NikoGraphy ART

The phenomenon of a planetary explosion is a captivating and awe-inspiring event that has the potential to reshape the cosmic landscape. Such occurrences, although incredibly rare, hold significant scientific and astronomical interest due to their profound implications for our understanding of celestial bodies and the vast universe in which they reside.

A planetary explosion refers to the cataclysmic event wherein a planet experiences a violent release of energy, resulting in its disintegration or fragmentation into smaller fragments. While there are various mechanisms that can trigger such explosions, they often entail immense internal pressures or external forces acting upon the planet’s structure beyond its capacity to withstand them.

The consequences of a planetary explosion are far-reaching and can have profound effects on neighboring celestial bodies. The forceful expulsion of debris can potentially lead to collisions with nearby planets or moons, causing further devastation and altering gravitational dynamics within the system. These explosive events also release copious amounts of energy in various forms including heat, light, and electromagnetic radiation.

While instances of actual planetary explosions occurring within our observable universe are exceedingly rare and largely theoretical at present, astronomers rely on computer simulations and modeling techniques to gain insights into these phenomena. By studying similar processes observed during supernovae or impacts involving asteroids or comets, scientists can infer potential outcomes should such catastrophic events occur on a larger scale.

Turning our attention now from astronomical marvels to artistic endeavors rooted in digital artistry — specifically NikoGraphy ART’s new NFT Art collection — we enter another realm altogether: one where creativity meets technology in striking harmony.

NFT (Non-Fungible Token) Art has gained significant popularity recently as artists explore innovative methods for showcasing their work using blockchain technology. This emerging field allows creators like NikoGraphy ART to tokenize their artwork digitally through unique identifiers known as non-fungible tokens (NFTs). These tokens serve as proof of authenticity while enabling collectors to track ownership securely on decentralized platforms.

As a rising star in the realm of digital art, NikoGraphy ART has captivated audiences with their distinct style and imaginative compositions. The new NFT Art collection promises to be a testament to their artistic evolution, granting art enthusiasts and collectors the opportunity to own exclusive pieces from this talented artist.

NikoGraphy ART’s unique approach seamlessly blends elements of surrealism, abstraction, and vibrant colors, resulting in visually stunning pieces that evoke emotions and challenge conventional perceptions. Each artwork in the collection is meticulously crafted using cutting-edge software tools and techniques, further pushing the boundaries of what is possible within the realm of digital art.

The advent of NFTs has provided artists like NikoGraphy ART with unprecedented opportunities for exposure, financial gain, and artistic exploration. By leveraging blockchain technology’s transparent nature and direct connection between creators and collectors, NFT Art revolutionizes traditional notions surrounding ownership and distribution in the art world.

As we contemplate both a hypothetical planetary explosion and the groundbreaking achievements within digital artistry through NikoGraphy ART’s NFT Art collection, it becomes evident that human curiosity knows no bounds. Whether exploring celestial phenomena or pushing creative boundaries through innovative technologies like blockchain-based platforms, humanity continually seeks avenues for discovery while embracing novel forms of expression.

Both these topics highlight our unyielding desire to uncover hidden truths about our universe or present alternative perspectives through artistic endeavors — showcasing humanity’s insatiable thirst for knowledge alongside its boundless capacity for creativity.

The collection is available for sale in the largest marketplace for NFT art: opensea.io

[aos-presents]

NFT communities and how to make sure you are investing, in the right community for Artists Creatives and Entrepreneurs. What you might think about before investing, based on the industry's currently trending FAQs..

Nothing here's financial advice

[wax-nft-collectibles]

WAX NFT Collectibles - PANDA Pets

Illegal Panda Smuggler has 1,000,000 Panda Pet NFTs available.

Feed, Breed, Clean POOP ;-)

Poop can be cultivated to grow fungus, worth 25 - 100 wax cryptocurrency tokens (an eosio.token)

Collectibles are available now!

[donotdestroy]

NFT is dead?

[blockchainxtech]

Twitter Marketing for NFTs: How to Build Your Community and Increase Engagement

Introduction

Non-fungible tokens, often known as NFTs, are a type of digital asset that has recently gained immense popularity. Digital artwork, collectibles, and other sorts of digital information are represented by these special tokens, which serve as proof of ownership. As NFTs have become more well-known, communities have become more necessary to support and advertise them. Since it enables producers to connect with potential customers and collectors, promote their work, and interact with other NFT community members, Twitter is a particularly effective tool for growing an NFT community.

In this article, we'll look at several strategies for using Twitter to expand your NFT community, including how to get started, locate and interact with your target audience, share NFT material, interact with your followers, and monitor your success using Twitter analytics.

Establishing Your Twitter Presence

Building an NFT community requires establishing a strong Twitter presence. The following are some pointers for improving your Twitter profile:

Establish a Twitter account if you don't already have one. You may do this by entering your phone number or email address when you join up.

Improve your profile and header image by selecting ones that best represent your brand or the kind of NFTs you produce. Make sure they are eye-catching and visually appealing.

Create a compelling bio and description. These should be brief yet informative. Include links to your website or NFT marketplace and hashtags related to your NFTs in your posts.Pick a Twitter handle and username that are simple to remember and represent your company or NFTs. These should ideally be the same as or something like your handle and username on other social networking sites.

It will be simpler for potential followers to locate and interact with your NFT material if you take the effort to enhance your Twitter profile.

Finding and Engaging with Your Target Audience

It's time to start developing your NFT community by locating and connecting with your target audience once you've established your Twitter presence. To assist you with it, consider these advice:

Use Twitter's search feature to uncover pertinent hashtags and keywords for discussions on NFTs, digital art, and other related subjects. You may use this to find possible followers who are enthusiastic about your NFTs.

Follow and engage with thought leaders and influencers in the NFT space: Find thought leaders and influencers in the NFT industry and follow them on Twitter. Like, retweet, and comment on their tweets to interact with their material. You may boost your exposure and cultivate relationships with other NFT community members by doing this.

Take part in Twitter conversations and events: Keep an eye out for Twitter discussions and events centered around NFTs and digital art. This will help you build relationships with other NFT community members and raise your profile.

You may create a community of followers who are interested in your NFTs and engaged with your content by identifying and interacting with your target audience.

Sharing Your NFT Content

Growing your NFT network on Twitter requires sharing your NFT material. The following advice can help you produce interesting NFT material for Twitter:

Develop and distribute captivating content: Produce and distribute informative and aesthetically pleasing photographs and movies of your NFTs. To give context and details about your NFTs, use captions.

Enhance your posts with multimedia and graphic elements: To make your tweets more entertaining and attention-grabbing, use visual components like GIFs and movies.

Use Twitter's tools, such polls and threads: To improve engagement with your followers, make use of Twitter's features like polls and threads.

While threads may be utilized to offer more in-depth information on your NFTs, polls are a good way to get comments and opinions from your followers.

Work along with other influences and producers of NFT: Create cross-promotional material with other NFT influencers that will benefit both of your audiences.

You may gain new followers and keep your current followers interested in your brand by publishing interesting NFT material on Twitter.

Building Relationships with Your Followers

Growing your NFT community on Twitter requires cultivating relationships with your followers. Here are some pointers for cultivating connections with your fans:

Responding quickly to your followers' comments and direct messages (DMs) will demonstrate that you respect their participation and input. Also, doing so will strengthen your relationship with your fans.

Retweet and share information created by other users to demonstrate your engagement with the NFT community and to go beyond self-promotion of your own NFTs.

Work along with other influences and producers of NFT: Create cross-promotional material with other NFT influencers that will benefit both of your audiences.

You can establish connections with other NFT community members as a result of doing this.

Interact with your followers by asking them questions, requesting their opinions, and answering their tweets. This will demonstrate to your followers that you respect their feedback and help you forge closer connections with them.

You may establish a devoted and active NFT community on Twitter by developing relationships with your followers.

Utilizing Twitter Analytics

Making data-driven decisions to expand your NFT community while keeping track of your success is possible with the help of Twitter Analytics. The following are some pointers for using Twitter Analytics:

Follower growth tracking will help you determine whether your attempts to expand your NFT community on Twitter are successful. Look for trends or peaks in the number of followers so you may modify your approach.

Check your engagement rate to identify which tweets are connecting with your audience. Your engagement rate is the proportion of individuals that interact with your material. Use this knowledge to produce more of the material that your audience enjoys.

Use Twitter Analytics to examine the demographics of your audience, including their age, gender, and geography. You may use this information to adapt your content and messaging so that it more effectively connects with your audience.

Use Twitter Analytics to measure clicks and conversions on your website if you're using Twitter to generate visitors to it or to the NFT marketplace Development. You can then improve your content and messaging by determining which tweets are generating the most traffic and revenue.

You may monitor your success and make data-driven decisions to expand your NFT community on Twitter by using Twitter Analytics.

Conclusion

In conclusion, it takes time and work to establish a strong NFT community on Twitter, but it's ultimately worthwhile. You'll be well on your way to developing a devoted and active NFT community on Twitter by creating your Twitter profile, identifying and interacting with your target audience, posting interesting NFT material, cultivating connections with your followers, and employing Twitter Analytics. The secret to long-term success on Twitter is to constantly put the development of connections with your followers and other NFT community members first.

[alldinnasir]

What is NFT Marketplace?

Do you keep hearing about people buying digital cats, NBA moments, and virtual artwork of Donald Trump, but not sure where they got those NFTs from? Don’t worry, we’ve got you covered.

Non-fungible tokens (NFTs) have quickly become one of the most explosive crypto trends since the “DeFi summer” of 2020, with a growing number of cryptocurrency holders and traditional investors seeking to own and speculate in these unique Blockchain-based assets.

NFTs are virtual tokens that represent ownership of something that is inherently unique and scarce, whether physical or digital, such as artwork, soundtracks, collectibles, in-game items, or real estate. Unlike regular cryptocurrencies like Bitcoin (BTC, +2.32%) or fiat currencies like the U.S. dollar, these special types of digital assets cannot be exchanged for each other because each token has a specific value based on its unique characteristics and attributes.

NFTs cannot be purchased on controlled or decentralised cryptocurrency exchanges, just like ordinary cryptocurrencies cannot.

Instead, they are listed and traded on an online marketplace purpose-built for NFTs.

What is the NFT marketplace?

NFT marketplace are platforms where NFTs can be stored, displayed, traded, and in some cases minted (created). These marketplaces are to NFTs what Amazon or eBay are to commodities.

In order to access and use these types of marketplaces, you need the following:

Amount of coins in wallet: Before buying, listing or minting NFTs, you will need to pre-fund your wallet. Likewise, you need to find out which cryptocurrencies are supported by the market you intend to use.

User Account: You will need to set up an account on the specific marketplace you want to buy NFTs from.

It’s worth noting that listing and creating NFTs on marketplace platforms in most cases incurs blockchain network fees. Fees depend on which blockchain-based system you decide to use. For example, Ethereum has the largest ecosystem of NFT dapps (decentralized applications). But it’s the most expensive.

NFT Blockchain Options

Ethereum is by far the most popular system for buying, selling and creating unique digital items. However, a growing number of competitors have also entered the market, including:

*Binance Smart Chain *Flow (by Dapper Labs) *Tron *EOS (+2.36%) *Solana *Polkadot *Tezos *Algorand *Cosmos *WAX *Hedera Hashgraph

Some of these blockchain systems are interoperable. For example, you can use Ethereum-based tokens (called ERC-20 tokens, including USDT (-0.05%), USDC (-0.05%), BNB, DAI (-0.03%), etc.). Others, such as Flow, are closed systems. For example, you cannot buy NBA Topshot NFTs (based on Flow) with Ether or BNB.

How do these markets work?

register

Signing up for an NFT marketplace can vary from site to site, but the main steps to follow include creating an account or connecting a supported digital wallet, or both. This button is usually located in the upper right corner of the homepage of the NFT marketplace. When connecting your wallet, you will be asked to enter your wallet password to complete the process.

Buy NFTs

NFTs are often purchased directly at a fixed price or through auctions. In some cases, potential buyers can submit an offer to the property owner and try to negotiate a better price.

Sell ​​NFTs

Selling unique digital assets can be technically more complicated than buying them, especially if users are trying to sell something they’ve created themselves (artwork, soundtrack, tweets, etc.).

You need to upload the selected digital assets to the market and enter a fixed price or choose to sell the NFT through an auction.

Next, the platform will verify the asset. If approved, it will be put up for sale.

The market undergoes a transfer from buyers to sellers when a seller accepts a bid.

Minting NFTs

If you want to create an NFT, you might consider starting with Ethereum as it is the largest system for these types of assets. You need to have an Ethereum wallet that supports ERC-721 (Ethereum’s standard for NFT tokens), such as MetaMask, Trust Wallet, or Coinbase Wallet. Additionally, you have to fund your wallet with about $50-$100 worth of ether (ETH, +3.09%) to cover transaction fees (depending on how congested the network is).

After completing these steps, you will be able to access and use platforms such as OpenSea, Rarible or Mintable. Most platforms have a “Create” button in the upper right corner that will take you to a page where you can start creating your NFT.

Types of NFT marketplaces

While there are many types of marketplaces, general-purpose and art-oriented platforms are the most popular. There are also niche NFT marketplace that list specific types of non-fungible assets, such as in-game items, digital collectible cards, and virtual real estate.

Here are five of the most popular general and digital art-oriented NFT marketplaces currently available:

OpenSea: This is one of the most mature general-purpose NFT marketplaces. You can find non-fungible tokens that represent ownership of all kinds of things, including artwork, sports collectibles, virtual worlds, trading cards, and domain names.

Rarible: This is an NFT marketplace owned by community members holding RARI tokens. It emphasizes art, but you can also find various other NFT items here.

Nifty Gateway — Nifty is one of the largest NFT marketplaces. Here you can buy works by well-known artists including Beeple (which holds the record for most expensive NFT sale at $69 million), Steve Aoki, and deadmau5.

Foundation: Founded in February, Foundation has quickly become one of the most popular NFT marketplaces for creators, with a historical transaction volume approaching $48 million.

For niche digital items like virtual world avatars or digital fantasy football cards, while more and more platforms are popping up in this corner of the market, there are five main platforms that are the primary source of NFT sales:

NBA Top Shot: An NFT marketplace Development built on Flow where people can buy and sell digital collectible cards featuring videos of memorable NBA “moments.”

Axie Infinity: The platform provides cartoon characters for the Axie Infinity game, where players breed, fight and trade digital pets called Axies. Some even make a living playing professionally.

Sorare: Here you can buy virtual cards representing football players and use them in Sorare, a global fantasy football game.

Decentraland: This platform has its own internal marketplace where users can buy and sell virtual land or in-game items like wearables.

Valuables: This is a site where users can tag tweets and sell them as NFTs. Twitter CEO Jack Dorsey himself sold his first tweet for $2.9 million.

[boopathi021]

What is the difference between digital collections and NFT?

NFT — — the abbreviation of non-fungible Token, which stands for non-homogeneous tokens, is a unique digital asset (artwork, music or game assets), you can think of it as an encrypted currency token.

The so-called non-homogeneous tokens are irreplaceable tokens, which record unique information in smart contracts. After being authenticated on the blockchain, each NFT is unique. NFT uses blockchain technology to mark the property rights of documents in the Internet. It is a product of web3.0 and is considered to be an important infrastructure for the future Metaverse. It is generally based on public chains and can be passed through encrypted currencies (Bitcoin, ETH) can be traded at will, which is easy to be hyped. The most famous trading platform is OpenSea, and currently the most popular projects include Bored Ape Yacht Club and Phanta Bear.

What is a digital collection

Digital collections can be understood as Chinese characteristics and are essentially regulated NFTs. They are specific digitized works, artworks and commodities that are uniquely identified using blockchain technology, such as digital paintings, pictures, music, videos, 3D models, etc. . Each digital collection is mapped to a unique sequence on a specific blockchain, which cannot be tampered with, indivisible, or substituted for each other.

Each digital collection represents a specific work, artwork, and commodity, or a single digital replica of it in limited release, recording its immutable on-chain rights. Therefore, digital collections are essentially different from homogeneous tokens such as virtual currencies. They are supported by the actual value of specific works, artworks, and commodities, and do not have any monetary attributes such as payment functions.

Let’s start with commonality:

(1) Uniqueness. Both have their own separate numbers.

(2) Scarcity. Both are limited editions.

(3) Ornamental. Whether it exists or not, at least sometimes it can be regarded as a kind of ornamental for some people.

(4) Traceability. Both are traceable to this issuer.

Here are the features:

(1) The most fatal essential difference is the blockchain. The works of NFT are all based on blockchain technology and Web3. The underlying construction of various domestic platforms is basically established under their respective alliance chains.

In layman’s terms, for example, the work released by Tencent Magic Core is based on Zhixin Chain. This work cannot be transferred to other platforms at present. That is to say, digital collections cast by different platforms cannot be transferred at present, and its value is If the platform says that your work is valuable, it is valuable, and if it is not valuable, it is worthless.

As for the NFT work, I can sell the work on any platform, and its value is determined by the market value. And this also forms the characteristics that NFT is easy to be hyped.

(2) Since NFT requires community consensus, everyone needs to feel the value of this work. As their publishers, they need to operate the works. The simple understanding of operation is hype.Nft Marketplace Only when there are more people who appreciate it, everyone thinks it is valuable. Based on its limited quantity, its value will be steadily increased, or skyrocketed.

However, digital collections are different. Under the current regulatory environment, digital collections themselves are prohibited from hype, and domestic digital collections more reflect the value of commodity rights.

(3) The definition of NFT is a non-homogeneous token, while domestic digital collections are not a token, which is an essential difference.

(4) Digital collections cannot be purchased through virtual currency, but can only be purchased in RMB or digital RMB, while NFT can be purchased through ETH, USDT, SOL, etc.

(5) Compared with foreign NFTs, digital collections cannot be freely circulated and traded in China for the time being, which can be said to be good or bad. After all, since NFT works do not have any legal and policy basis, and there is no market supervision, the platform works are mixed with good and bad, which is easy to cause various imitations and scams. However, domestic digital collections have strict restrictions on secondary market transactions, which can reduce the occurrence of speculation and hype.

(6) Another important point is ownership. When NFT buys a picture or work, the ownership belongs to you. You can conduct commercial activities on this NFT, for example, it can be printed on clothes, or in any environment. When buying digital collections, there is almost no right to use them in any commercial activities. Without copyright, it means that you will be held accountable for misusing them.

In general, digital collections are NFT localized and compliant application exploration and display models.

Digital collections empower industrial development and boost brand value

This year, domestic digital collection platforms have grown rapidly. According to incomplete statistics, there are more than 400 large and small digital collection platforms. The digital collections issued involve intangible cultural heritage culture, sports, film and television, aerospace, well-known artists and other industries and fields. . According to the data from Tianyancha, there are 53 companies related to digital collections, and more than 1.83 million companies related to the digital economy and technology layer. Among them, nearly 700,000 new registered companies will be added in 2021, with a growth rate of 68.48%.

As an innovative application of blockchain technology, Nft Marketplace Development digital collections are of positive significance to the dissemination of excellent culture. However, due to the short period of time in our country, the identification and supervision standards have not yet been established, resulting in chaos. In order to prevent the digital collection market from continuing to “run wild” with problems, sound supervision and industry regulation should be established in time to allow technology to better serve art.

The future direction of digital collections

After stripping off the financial attributes of digital collections, its value core is still evolving in the domestic market, and through the integration with different industries, it has developed richer connotations.

The combination of digital collections and art is changing the traditional concept and behavior of art collection. On the one hand, relying on the unique and non-tamperable characteristics of blockchain technology, to a certain extent, it solves the persistent problem of fakes in the traditional art collection market. On the other hand, the relatively cheap price of domestic digital collections makes it easier for art collections to enter the public’s field of vision, allowing more artworks and artists to establish connections with more audiences, thereby better promoting the development of the art collection industry. develop.

For brand marketing, digital collections provide a brand-new idea of ​​traffic acquisition. The IP attributes and social attributes of digital collections can quickly help brands build a fan base, which is conducive to maintaining the long-term relationship between brands and consumers. For example, in December last year, Nayuki’s tea created the metaverse IP image “NAYUKI” and launched a limited edition digital collection blind box, which won 200 million GMV in hours, which is a good attempt of the “digital collection +” marketing model.

[cyberianlife]

Yuga Labs Says It Does Not Have Copyright Registration Of Bored Ape Images, in New Court Documents

Yuga Labs, the parent company of Bored Ape Yacht Club, said in a new court filing that it does not have “copyright registrations” for the 10,000 images that constitution the successful NFT collection.

Bored Ape #8817 

“Counts 2 and 3 ask the Court to declare that Yuga Labs does not possess a copyright in the Bored Ape images,” the document submitted by Yuga Labs lawyers reads. “Registration of a copyright is not required to own one; it is required to file suit on one. The Court should not wade into whether Yuga Labs has a copyright in its Bored Ape images, because such an opinion would be merely advisory; Yuga Labs does not have a registered copyright, and there is therefore no imminent threat of a lawsuit for copyright infringement.”

Source: ArtNews, 26 January 2023

[ragunath12]

2022 was the year with the most NFT investors despite its drop in volume

The NFT and DeFi industry suffers the ravages of the cryptocurrency bear market, although it maintains higher numbers than the previous one of its growth.

The volume of NFTs (non-fungible tokens) in marketplaces is USD 189 million, according to data from the Dune explorer. This figure reflects that there is still a large flow of money in these assets, despite the fact that it is small compared to its best moment.

Records indicate that the all-time high volume for NFT marketplaces development was $1.805 million in August 2021. The low since then was $84 million in November 2022. That represented a 95% drop of which it has recovered slightly afterwards

These results show that the volume of NFTs in marketplaces increased slightly in December 2022, after hitting a year-and-a-half low the previous month. However, it is still far from its prime. Although, it should be noted, that the performance since then has been better than it was before the peak that began in mid-2021.

The high demand for crypto assets in 2021 led to their prices reaching their all-time high in that year, and NFTs were not out of this trend. Like bitcoin (BTC) and ether (ETH), NFTs boomed at such a time , which then fizzled out throughout 2022. An event that occurred in parallel to the crash of markets in general, such as stocks . stocks and stock indices .

The global economic instability of 2022 had a full impact on both traditional and non-conventional investment assets. Proof of the latest is CryptoPunks, the NFT collection with the highest volume on the market, whose transaction movement dropped from the all-time high of USD 44 million in August 2021 to USD 1.8 million at the end of 2022, according to data from DappRadar .

Now the NFT market is 3 times bigger than it was before its boom :

Despite this sharp decline in NFT volume, activity on its market has not fallen as much . In fact, it has reached its all-time high in January 2022 with 511,000 transactions and 255,000 traders, according to Dune. Then, such figures have dropped to around half, bottoming out in November, the month in which they increased slightly.

Shortly into 2023, the explorer shows that there are 262,000 transactions and 144,000 NFT marketplace platform development traders. These numbers, although they show a decline from the crest of the wave, are three times higher than those registered before the market boom in mid-2021. A panorama that indicates that interest in these assets continues.

In any case, it is prudent to consider that the number of traders may not be exact since Dune does not clarify where it takes its data from. In case it is based on how many existing NFT addresses there are, the number of traders could be less since each one can have more than one address .

The NFT collections with the highest volume are CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Art Blocks, and Otherdeed for Otherside . These are the only ones in the market that by the end of 2022 register a volume of more than one million dollars each.

Bear market drags down NFTs and DeFi, but does not kill them :

The decline in NFT volume over the past year has paralleled that of DeFi (decentralized finance). According to blockchain explorer DeFiLlama , the amount of money deposited in DeFi contracts called “total value locked” (TVL), is down 78% from its peak .

Near the start of 2023, DeFi’s TVL is at $39 billion, which shows that there is quite a bit of money sitting in these assets. However, it reflects a significant drop compared to the historical maximum of USD 180,000 million that it registered a few days before the beginning of 2022.

In this way, the DeFi TVL is currently reaching its minimum of almost two years since February 2021 . Those with the most deposited value are MakerDAO and Lido with around USD 6 billion, followed by AAVE , Curve and Uniswap at around USD 3.5 billion each.

This scenario shows that DeFi has also been affected by the global bear cycle that continues to impact investment assets in general. In fact, its behavior over the last year has been very similar to the total cryptocurrency market.

According to explorer CoinMarketCap , the total cryptocurrency market capitalization is down 72% from its all-time high of nearly $3 trillion. Such a milestone was reached in November 2021, driven mainly by increased demand for bitcoin , and has since fallen to USD 810 billion today.

Despite this, the total capitalization of the cryptocurrency market is still higher than it was before the bull run that took it to its all-time high. And the same is true for both the value that is in NFT marketplace development service as well as in DeFi. Such a scenario indicates that their fall has not yet erased all the growth they did at their best .

Therefore, given a bull market recovery, we could see a bounce in assets in the cryptocurrency world in general. And that includes the DeFi and NFT industry which, despite the current down cycle, is still active and better than before its boom.