Celebrities are adopting NFT overwhelmingly By Cointelegraph


The non-fungible token (NFT) is growing. According to a new report from the analysis platform DappRadar, the volume of NFT trading flew spent $ 10 billion in the third quarter of 2021, seven times the figure for the previous quarter. While a significant portion of that action comes from runaway hits like NBA Top Shot, CryptoPunks, and the Gaming Platform, NFT’s use cases are rapidly proliferating as creators recognize their potential.

In the not-so-distant past, celebrities keen to take advantage of the booming crypto scene had few options. Most of the time, they were limited to shilling an initial coin offering (ICO) or investing their own money in a startup they saw as promising. Thanks to NFTs, however, they can now capitalize on their star appeal by releasing sought-after digital collectibles representing, well, just about anything: artwork, albums, trading cards, or merchandise. These token collectibles can then, in turn, be traded on the open market between fans and investors.

Mitch liu is the co-founder and CEO of Theta Labs. In 2010, Liu co-founded Gameview Studios, one of the first free-to-play mobile game studios, best known for its Tap Fish game franchise with nearly 100 million downloads. The company was acquired by DeNA, one of Japan’s leading mobile game companies, six months after its launch. Prior to that, he co-founded Tapjoy in 2007, a pioneer in mobile video advertising, and boosted the company to $ 100 million in revenue. He holds a BS in Computer Science and Engineering from MIT and an MBA from Stanford Graduate School of Business.

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