12/04/2023 Former Bitcoin Core Developer Says NFT Market Is ‘Pleasantly Down to Earth’ Again

Now that the crypto asset sector has weathered the hype, higher-quality projects are likely to continue developing, Jeff Garzik says.

The hype once driving the popularity of non-fungible tokens (NFT) may have finally settled, said Jeff Garzik, a former Bitcoin core developer and co-founder of software development company Bloq.

“I call the [NFT] market ‘pleasantly down to Earth,’” Garzik, who is also the founder of Web3 focused entertainment company NextCypher Productions, told CoinDesk TV’s “First Mover” on Tuesday.

McDonald’s Collaboration Sparks Doodles NFT Floor Price Surge
NBA legend Shaquille O’Neal signs $11M Astrals NFT settlement
NFT Marvel Marketplace Launches On Binance

While still nowhere near the volumes of last year, things have been picking up with NFTs. According to areport from online store for decentralized applications (dapp) DappRadar, the NFT market had a 137% increase in trading volume during the first quarter of this year. Despite a slight decrease of over 15% during March, the ecosystem reached $4.7 billion in total value for the first quarter.

New and emerging online marketplaces such asBlurled a substantial increase in the overall trading volume during the ecosystem’s first quarter. Garzik said projects like Blur are “fantastic” in that they will drive market competition, and are likely to “force other competitors in the market to improve and to get better.”

Garzik said that a lot of the NFT hype appears to have finally “burned off,” and users now are looking for NFTs that can provide real utility, something that users can engage with and that will attract their attention.

Arts

https://www.coindesk.com/web3/2023/04/11/former-bitcoin-core-developer-says-nft-market-is-pleasantly-down-to-earth-again/

Interesting NFTs
#54165
By OthersideDeployer
Source Code for the WWW
OWNER: Sir Tim Berners-Lee Sir Tim Berners-Lee, b. 1955 Source Code for the WWW 1990-1991 Work includes: Original archive of dated and time-stamped files containing the source code, written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim; HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers), as well as the original HTML documents that instructed early web users on how to use the application Animated visualization of the code being written (Video, black & white, silent), lasting 30 minutes 25 seconds A Scalable Vector Graphics (SVG) representation of the full code (A0 841mm wide by 1189 mm high), created by Sir Tim from the original files using Python, with a graphic representation of his physical signature at lower right A letter written in the README.md file (in “markdown” format) by Sir Tim in June of 2021, reflecting upon the code and his process of creating it Non-fungible Token ERC-721 Minted on June 15, 2021, ed. 1/1 Smart Contract Address: 0x86ade256037d80d6d42df8df96d5be21cd25bd8f
Fidenza #529
Fidenza is by far my most versatile algorithm to date. Although the program stays focused on structured curves and blocks, the varieties of scale, organization, texture, and color usage it can employ create a wide array of generative possibilities. Additional project feature(s) => Scale:Large, Turbulence:Med, Colors:Luxe-Derived, Have Margin:Yes, Spiral:No, Soft Shapes:Yes, Super Blocks:No, Collision Check:No Overlap, Outlined:No, Shape Angles:Curved, Density:Medium
Discord Assembly
Discord logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 2/20/21. 47.5m+ views, 3.2m+ likes (as of 4/22/21).
KYLO REN
*hissing noises*! I'm KYLO REN. I'm often referred to as the Chandler Bing of the group. Some people say I'm the Chandler Bing of the group. Purrhaps this is the beginning of a beautiful relationship.