$85,129.00
3.11%$1,904.04
4.40%$2.14
2.07%$610.63
0.92%$126.59
1.52%$0.999985
0.01%$0.173936
4.03%$0.676862
1.93%$0.237692
-0.53%$1,901.65
4.20%$85,112.00
3.50%$4.05
-1.59%$14.03
3.73%$9.21
0.67%$0.271981
2.87%$19.80
5.30%$2,283.49
4.43%$1.00
0.07%$2.40
5.50%$0.00001267
2.13%$0.169985
3.89%$84.39
1.41%$4.17
3.41%$6.31
1.48%$308.04
1.39%$4.66
3.49%$1,904.23
4.51%$0.999917
0.01%$0.999958
0.08%$0.710765
-1.23%$13.31
2.34%$2,027.16
4.57%$28.11
-0.32%$216.76
0.76%$6.26
4.56%$5.40
2.32%$0.00000772
6.43%$2.65
5.26%$1.044
-0.18%$48.25
0.49%$0.103929
4.98%$22.95
2.04%$85,217.00
3.32%$34.25
14.94%$0.799959
0.84%$5.41
1.72%$0.822621
5.22%$0.997058
-0.10%$16.89
0.44%$166.19
3.97%$1.16
-0.16%$10.39
3.45%$0.02339268
3.89%$231.56
3.19%$0.369174
7.23%$1.00
0.00%$4.37
-0.32%$3.70
8.51%$2.83
1.64%$3.14
2.38%$85,250.00
3.43%$0.068141
5.42%$0.201011
-0.66%$4.01
-0.13%$0.188785
4.55%$0.505825
4.23%$0.332955
1.32%$10.90
-2.36%$84,991.00
3.06%$0.755718
2.89%$0.4685
3.04%$0.42483
0.20%$4.56
-5.37%$1,983.60
4.60%$1,386.21
6.89%$1,903.51
4.36%$0.069237
1.60%$1.083
0.15%$0.691243
12.50%$132.27
1.51%$70.21
2.07%$0.411333
1.87%$1.00
0.03%$0.801081
3.99%$0.00001248
10.57%$0.52585
-0.52%$2,150.88
4.22%$0.616039
0.91%$0.997864
-0.00%$8.94
2.61%$0.176233
2.19%$0.089679
1.72%$0.999816
-0.01%$0.01366734
-0.44%$0.833323
3.42%$0.999984
-0.00%$0.898545
2.71%$7.18
3.53%$13.58
-24.24%$3,139.51
-0.88%$84,170.00
2.67%$611.16
1.04%$2,024.24
4.51%$2.30
-2.84%$0.538571
7.00%$0.999424
-0.09%$0.01582632
3.77%$0.660724
1.04%$3,132.35
-0.45%$84,928.00
3.08%$0.547391
12.24%$0.274976
1.25%$0.00000067
0.43%$41.07
4.78%$1.00
-0.01%$0.174429
2.82%$32.31
2.71%$1.00
0.00%$162.02
1.55%$0.104361
1.77%$0.386962
1.43%$1,982.32
4.44%$0.00005975
1.89%$1.91
-2.95%$3.04
-0.04%$0.0111817
4.85%$16.31
2.82%$7.24
4.46%$138.78
1.66%$0.648656
2.57%$0.999593
0.00%$1.80
5.47%$0.144401
3.39%$0.520958
13.86%$1.85
4.16%$0.071747
-4.39%$0.997197
0.08%$0.492961
-0.26%$3.05
11.44%$84,053.00
3.30%$0.521413
17.17%$0.255665
4.53%$2.97
0.91%$0.999887
0.03%$1.00
0.01%$16.46
2.20%$0.00502318
8.62%$2,022.73
4.46%$27.45
-2.55%$0.723357
3.93%$0.17362
3.76%$85,064.00
2.96%$0.149735
0.54%$0.00000044
-0.41%$85,555.00
2.04%$0.999926
0.01%$0.422203
0.10%$1,904.61
4.54%$0.385143
-10.89%$1.19
4.09%$0.04359151
3.44%$0.082174
2.86%$6.31
-0.62%$1,903.59
4.53%$1,903.76
4.32%$1.001
0.13%$1.081
-0.12%$110.53
0.01%$44.21
11.44%$0.00001988
0.56%$0.598592
3.42%$5.52
3.35%$1,985.04
4.35%$1.10
-0.57%$0.475949
1.06%$84,942.00
3.25%$0.00651344
3.53%$0.455184
4.13%$0.0069343
-1.59%$0.179903
5.63%$0.855424
1.82%$0.201941
-0.29%$0.372115
0.59%$0.999266
-0.01%$0.00000169
3.43%$0.997969
-0.34%$1,912.07
3.23%$1,907.05
4.71%$0.591845
2.84%$0.00522001
-3.69%$0.00006016
1.07%$0.00385634
1.05%$0.999406
0.07%$0.03244542
7.82%$0.0005313
15.89%$1.51
2.14%$121.82
2.97%$2.83
0.77%$0.03115657
-0.13%$1,885.41
4.53%$1.21
3.76%$1,904.02
4.56%$0.00894617
-3.55%$1.25
2.27%$0.241598
0.81%$0.646937
2.35%$0.241139
-1.08%$22.59
1.04%$2.89
1.16%$0.999582
0.04%$85,023.00
3.12%$85,154.00
3.44%$0.196579
4.61%$2,015.04
4.26%$3.39
-7.97%$2,083.56
4.45%$3,114.62
-8.14%$0.522186
3.23%$15.99
1.05%$0.258738
0.03%$0.00288411
14.31%$2,066.59
4.47%$1.021
-0.45%$0.00331304
7.16%$0.99918
-0.17%$0.06609
0.48%$0.117544
-0.28%$0.535596
8.21%$0.711842
-6.79%$0.03039661
2.16%$0.03488658
2.03%$0.105461
1.86%$1,904.97
4.37%$1,710.14
3.17%$21.23
5.57%$0.00226436
-0.29%$0.078671
-4.20%$0.01151231
1.65%$0.917673
-1.47%$0.085198
2.53%$0.02926356
-0.11%$0.647244
2.41%$0.517869
1.49%$0.00469505
0.05%$0.00238182
-0.47%$85,261.00
3.54%$2.15
4.88%$0.194697
17.94%Reading
The NFT market is booming, and according to Anatoly Yakovenko, co-founder of Solana, it’s now become “obvious in retrospect” that NFTs have become the cultural icons that unite the crypto industry.
But even if it’s now “obvious” in hindsight, that certainly wasn’t the case a few years ago.
An NFT is a unique type of tokentoken that acts like a receipt to a digital item, as verified by a blockchainblockchain. During the first half of 2021, NFT sales hit $2.5 billion. After a brief lull in momentum, NFTs started dominating headlines once again when household names like Budweiser and Visa jumped on the bandwagon.
Decrypt and Yahoo Finance present: Crypto Goes Mainstream, an afternoon of live conversations with some of the biggest names in crypto to talk investing, mass adoption, NFT collecting, and how to get started with Web 3. November 9, 2021 in Brooklyn. Speakers include Robinhood Crypto COO Christine Brown, Grayscale CEO Michael Sonnenshein, Solana founder Anatoly Yakovenko, FTX CEO Sam Bankman-Fried, Kraken CEO Jesse Powell, Gary Vaynerchuk, and more.
The buzz around NFTs led many to ask a simple question—what’s the point? Should we look at NFTs as financial assets, as art, or as a symbol of crypto culture? For Yakovenko, who helped build the upstart Solana network with the aim of competing with EthereumEthereum, the answer is now clear.
“I didn’t expect it was going to be NFTs, but I kind of felt there’s a very deep, social component to crypto, and I knew I’m not going to be able to predict what it looks like, but it’s obvious in retrospect, NFTs are it,” he told Decrypt earlier today at the Solana Breakpoint conference in Lisbon, Portugal.
Yakovenko’s comments follow recent news that consumers can now purchase Solana NFTs with USD on FTX’s regulated marketplace, FTX NFTs.
“NFTs right now is a very niche market specifically because it has grown up as a DeFi product,” FTX US president Brett Harrison told Decrypt at the time.
The U.S. division of cryptocurrency exchange FTX today launched its new NFT marketplace. Initially offering NFTs minted on the Solana network, FTX NFTs will soon add support for Ethereum—the leading blockchain for NFTs—as it attempts to steal some of OpenSea’s thunder. Unlike OpenSea and decentralized Solana marketplaces like Solanart and DigitalEyes, FTX NFTs lets users buy and sell collectibles in U.S. dollars using credit cards or funds brought in from an ACH bank transfer or wire transfer. U...
Yakovenko also told Decrypt that the ever-burgeoning NFT market represents a “huge opportunity” for exchanges to break into the decentralized finance space, referring to the range of DeFi products that enable their users to trade, borrow, and lend crypto assets without third-party intermediaries.
“That’s a huge opportunity, I think, for exchanges to move into this kind of generalized access point to DeFi, to decentralized exchanges, to NFTs, and to everything else that’s going on in the space,” he said.
Solana’s native cryptocurrency SOL—which has experienced a year of immense growth—recently reached an all-time high of $260. In addition, the Solana ecosystem has seen a huge increase in the total value of DeFi projects built on the network.
At the time of writing, over $15 billion of total value is now locked into DeFi products on the Solana network.
Although some collectors have left NFTs for dead, Canary Capital believes the asset class could find fans on Wall Street. In a recent interview with Decrypt, Canary Capital CEO Steven McClurg suggested the NFT market could soon experience a revival, with chatter about funds tracking NFT prices potentially stoking investor interest in digital art collectibles. Although an NFT-backed ETF might have been unthinkable a few years ago, the likelihood that such a fund could become available to U.S. i...
Ethereum NFT marketplace X2Y2 is shutting down its trading platform at the end of April, the firm announced Monday, as the development team pivots to the intersection of artificial intelligence (AI) and crypto. X2Y2’s smart contracts will persist, so trades can still be executed, but users will not be able to use the website’s front-end after April 30. “I know this might sting, especially when it comes to token price. X2Y2 tokens were tied to this NFT vision, and as we close this chapter, that...
LG will shut down its NFT platform, LG Art Lab, on June 17, according to a notice published on its website earlier this month. The project, launched at the height of the NFT craze in September 2022, allowed users to display NFTs on their TVs and partnered with visual artists to launch digital art collections. “As the NFT space continues to evolve, we believe it is the right time to shift our focus and explore new opportunities,” the company stated. Ahead of the closure, all assets currently li...
