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Hello everyone, that’s what that's what you need to know about the recent trends in the NFT industry:

1. NFT Gaming(Play-to-earn)
Such games refer to the concept of gaming in which a platform provides players with a chance to earn in-game assets that can be transferred to the real world. Best example: Axie Infinity In this game, Axies are adorable animals that players acquire, breed, and battle to win rewards. Each Axie is a non-fungible token (NFT). The platform also owns two fungible cryptocurrencies: AXS(MC 8.2bn) and SLP(MC 146mln)
Also a very prominent project is Decentraland where there are plots of land that users can later navigate, build upon and monetize, as each land represents one NFT token. The project also has a governance token MANA(MC 2.85 bn)
There is also a Radio Raca project that positions itself as a metauniverse with massive NFT marketplzce inside and also with its own token RACA(MC 600mln)

2. Club membership.
An NFT token can be a permission to some kind of a society of owners of specific NFTs. An example is Bored Ape Yacht Club which is a series of NFTs depicting apes (bored ones) in various facial expressions, one of which was sold for $2,2 mln. Ape owners make their ape their Twitter profile, so it’s a status symbol, and also get other perks such as access to a Discord chat for other owners.

3. Fractionalized NFTs.
Some projects(such as NFTFY) seeks to disassemble a whole NFT and sell it by parts in order to lower the entry costs and increase liquidity

4. Music.
NFT can also be used to digitalize music.The industry has already had the likes of Snoop Dogg, Lionel Richie, Boy George, Grimes and Kings of Leon who sell their albums such way.
5. Sports. A company named Dapper Labs in cooperation with NBA league made an exclusive platform named NBA Top shot which is a blockchain-based platform that allows fans to buy, sell and trade NBA highlights as digital tokens. A lot of celebrities including Michael Jordan invest into the platform

6. Collectibles.
General usage of NFT that still gaining indluence.NFTs are increasingly used to commodify digital and physical art. The potential size of the market is unlimited since even during a very early stage of this technology an NFT token named “Everydays: The First 5000 Days” was sold for 69 mln $.

www.tg-me.com/BSc_NFT
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Binance Market Update: 2022-09-28

QNT +8.58% | RSR +8.51% | ALPINE +3.45% |
BTC -7.77% | ETH -7.82%

🔸 The global cryptocurrency market cap now stands at $0.91T, down by -5.64% over the last day, according to CoinMarketCap data.

🔸 Bitcoin (BTC) has been trading between $18,466 and $20,383 over the past 24 hours. As of 09:00 AM (UTC) today, BTC is trading at $18,737, down by -6.98%.

🔸 Most major cryptocurrencies by market cap are trading lower. Market outperformers include QNT, RSR, and ALPINE, up by 11%, 9%, and 5%, respectively.

⚡️Follow @Binance_Telegram to keep up to date with Binance news.
2024/09/29 13:31:30
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