NFT hype isn’t cooling down as Coinbase and FTX only dive deeper
NFT market is growing at a phenomenal rate, but is there such a big demand for nonfungibles to draw even more people and businesses to join the industry?
NFTs and the marketplaces they trade on have been the talk of the universe even with Facebook transitioning to Meta to build its own version of the future world. Amid pullback and the peak of the bull run, the hype for NFTs is not decreasing, and Coinbase is so excited about the fun! The traction and attention they are gaining are at an all-time high right now and continue to climb higher.
Coinbase opened a waitlist for the marketplace, the waitlist has grown to 2.49 million users, which highly dwarfs the 400,000 monthly users of OpenSea, the largest marketplace by trading volume. Despite the current hype and the mainstream media attention, only a small fraction of the world population even knows about NFTs, and as these bigger firms get involved, they will be doing a service to the sub-sector by increasing their exposure and pushing towards mainstream adoption.
As NFTs now grow rapidly on networks other than Ethereum, the adoption could continue to rise for the foreseeable future as larger industry players now begin to place their bets. Even McDonald’s doing MrRib NFT collab, but just like the rest of tech and art 99% will be worthless so be smart.
10 random nerds from the US will be selected — all of whom should come prepared with a crypto wallet to join the collective and MINT the McRib NFT.
Of course, the crypto market value of the brand-based NFT has yet to be seen, but gift cards still are making banks billions per year so you will see.
Beeple, who is the Larry Bird of NFTs sold his 5000 Days Artwork for $69 million at Christie’s also chimed in: “Whoa S**t just go real.”
Skip the McRib you don’t need the calories but the Coinbase NFT marketplace can lead to your financial and social recovery.
The Bs $1.2 trillion infrastructure bill set to be signed by President Monday includes a new IRS reporting requirement for cryptocurrency transactions, a move that has caused an outcry in the industry but if you live your life right, and get 100x you should not worry about paying Uncle Sam and Uncle G.
Just to be safe and smart Check Out NFT Tax Guide You will Thank Us Later but we get paid sometimes so Do Your Own Research sometimes people lie.
Proof of Stake Alliance, a lobbying group that supports decentralized technology, argued in a September report that in most situations, the person receiving the digital asset isn’t in a position to report the personal information of the seller due to the anonymous nature of digital asset transactions.
Sharing is caring and you need good friends to keep you responsible and accountable, but don’t make the same mistakes, invite people that are good for you, and will bring value to the space. Britney is Free and Apes are selling for Millions so that’s gn from us.
