NFTs are dead. Why then did Lebron James just wear Nike RTFKT sneakers?
nftjedi
As the crypto winter continues amidst a major economic downturn, one popular narrative in the media is that NFTs are dead. Of course, NFT floor prices and sales volume are down, especially for pfp collections.
But the financial markets are all down, with midsized banks going belly up. The banking contagion started after the Federal Reserve aggressively raised interest rates to curb inflation–something completely unrelated to NFTs or cryptocurrency. To single out NFTs as being down misses the forest for the trees.
If anyone does any research, the adoption of NFTs by businesses just keeps growing.
Yuga Labs continues to build its cutting-edge gaming metaverse the Otherside–yes, the metaverse is not dead either–and just added Mike Seaver, formerly of Epic Games and EA, as its CTO. He joins CEO Daniel Alegre, formerly Activision President, the company responsible for Fortnite and League of Legends.
Ralph Lauren invites 2,7000 Poolsuite NFT holders to a party in Miami, withgift of commemorative Ralph Lauren NFTs. According to Blockworks, “Holders of Poolsuite’s Grand Leisure collection will also be able to update their ‘Leisurist’ avatars using Ralph Lauren-inspired digital looks based on the retailer’s recent runway show in Los Angeles.”
Mattel launched its own NFT marketplace where you can buy NFTs for Hot Wheels cars, Cryptoys, and Boss Beauties x Barbie.
