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Decentraland Foundation executive director Yemel Jardis believes as people become more educated about NFTs, the focus will shift from speculative trading to genuine utility. A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives. “I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director Yemel Jardi told Cointelegraph. “Rather, it’s maturing ." Jardi’s comments come after a September report from dappGambl that analyzed over 73,000 NFT collections and concluded that as much as 95% of the NFTs studied had no value, as prices, sales volume and transactions have slid over the past year. Jardi stressed that markets are cyclic and it is natural for there to be periods of adjustment. He attributed sliding NFT floor prices partly to “speculative trading” and said the value of NFTs should instead be anchored to their utility. “As people b...

Join Our Telegram channel to stay up to date on breaking news coverage Every company in the world is incorporating artificial intelligence (AI) capabilities into its systems and products with the hope that the technology will pay off in profits at some point. This is already visible in the German online market place, Scout24 SE, which has so far witnessed significant growth as a result of AI. Scout24 SE Harnesses the Power of AI Investment has proven to be more about the bigger picture and unique ideas. Because of this, not every company that seems to be on top of the trend gains in value at the end. One top-performing global stock fund is reaping the rewards of the AI trading frenzy by seeking out some unusual ideas. Nick Cregan of Fairlight Asset Management makes investments in businesses that he thinks will benefit from AI or will be effectively shielded from its effects. He is not drawn to businesses riding at the top of the AI wave. Instead, he looks at how the company ...

Offering low fees and fast transaction finality, Polygon has emerged as the primary blockchain platform for various NFT marketplaces. While cryptocurrencies have been quite the rage over the past couple of years, nonfungible tokens (NFTs) have risen as an alternate asset class within the cryptocurrency ecosystem. This ecosystem is revolutionizing the world of art and gaming, among a host of other industries. Serving as a digital certificate that proves a collectible’s authenticity, NFTs also provide investors with proof of ownership and utmost security, aspects that have been instrumental in their proliferation as the future of representing real-world objects in the virtual world. As a result, NFTs are gaining increasing popularity among crypto investors looking to invest in metaverse platforms, with many purchasing these unique digital assets on blockchain protocols like Polygon using cryptocurrencies. A layer-2 Ethereum protocol, Polygon has emerged as the preferred platform for man...