As the NFT ecosystem continues to falter, superfans and blue chip holders are still holding out strong. But how can the digital asset industry revitalize growth and appeal to new audiences? NFT sales are down nearly 90% from a year ago, according to data on NonFungible Market Tracker.
Yet the hype is growing on platforms like Reddit, which saw millions of crypto wallets created to mint NFTs or on layer-1 blockchains like Cardano, which hit new all time highs for NFT volume.
NFTs are one of the most talked about topics in crypto, which is why we are excited to have Nicole Muniz, CEO of Yuga Labs, on stage at TC Sessions: Crypto on November 17 in Miami.
Earlier this year, Yuga Labs raised $450 million in a round led by Andreessen Horowitz, with a valuation of $4 billion. The Miami-based NFT startup is the company behind Bored Ape Yacht Club and Mutant Ape Yacht Club and has taken over other popular NFT projects such as CryptoPunks and Meebits.
Yuga also contributed to the launch of ApeCoin, a project inspired by the BAYC collection. The token achieved a multi-billion dollar market cap on its first day of trading which now stands at approximately $1.4 billion. The company wants to build something that “expands the universe” of Bored Ape Yacht Club, but at the same time “invites the larger NFT community,” londonbusinessblog.com previously reported.
That said, there will be plenty to talk about with Muniz, ranging from Yuga Labs’ fine-tuned details to where her thoughts are for the wider NFT ecosystem and where things stand. We would like to hear her thoughts on the challenges and opportunities in the NFT market and which areas she sees as most promising when it comes to scaling the ecosystem.
Prior to Yuga Labs, Muniz founded an agency called Something New, which has worked with mega brands such as Nike, Google, EA, and Square, to name a few.
TC Sessions: Crypto will take place on November 17 in Miami. Save $150 with early bird pricing and buy your pass today, then join the web3, DeFi and NFT communities to keep up with the ever-changing and ever-exciting crypto world.