• bitcoinBitcoin (BTC) $ 97,314.00
  • ethereumEthereum (ETH) $ 3,380.19
  • tetherTether (USDT) $ 0.998796
  • xrpXRP (XRP) $ 2.24
  • bnbBNB (BNB) $ 664.51
  • solanaSolana (SOL) $ 185.44
  • dogecoinDogecoin (DOGE) $ 0.325352
  • usd-coinUSDC (USDC) $ 0.999076
  • staked-etherLido Staked Ether (STETH) $ 3,373.55
  • cardanoCardano (ADA) $ 0.912680
  • tronTRON (TRX) $ 0.245417
  • avalanche-2Avalanche (AVAX) $ 38.32
  • chainlinkChainlink (LINK) $ 22.67
  • wrapped-stethWrapped stETH (WSTETH) $ 4,010.88
  • suiSui (SUI) $ 4.62
  • the-open-networkToncoin (TON) $ 5.32
  • shiba-inuShiba Inu (SHIB) $ 0.000022
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,149.00
  • stellarStellar (XLM) $ 0.360515
  • polkadotPolkadot (DOT) $ 7.08
  • hyperliquidHyperliquid (HYPE) $ 31.93
  • hedera-hashgraphHedera (HBAR) $ 0.255226
  • wethWETH (WETH) $ 3,383.53
  • bitcoin-cashBitcoin Cash (BCH) $ 455.54
  • leo-tokenLEO Token (LEO) $ 9.28
  • uniswapUniswap (UNI) $ 13.41
  • litecoinLitecoin (LTC) $ 100.50
  • pepePepe (PEPE) $ 0.000018
  • wrapped-eethWrapped eETH (WEETH) $ 3,566.31
  • nearNEAR Protocol (NEAR) $ 5.11
  • ethena-usdeEthena USDe (USDE) $ 0.998782
  • bitget-tokenBitget Token (BGB) $ 4.22
  • aptosAptos (APT) $ 9.78
  • usdsUSDS (USDS) $ 0.998862
  • internet-computerInternet Computer (ICP) $ 10.35
  • aaveAave (AAVE) $ 306.51
  • crypto-com-chainCronos (CRO) $ 0.161083
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.479393
  • mantleMantle (MNT) $ 1.19
  • ethereum-classicEthereum Classic (ETC) $ 26.34
  • render-tokenRender (RENDER) $ 7.26
  • vechainVeChain (VET) $ 0.046176
  • mantra-daoMANTRA (OM) $ 3.75
  • moneroMonero (XMR) $ 191.84
  • whitebitWhiteBIT Coin (WBT) $ 24.40
  • bittensorBittensor (TAO) $ 464.91
  • daiDai (DAI) $ 0.999534
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.28
  • arbitrumArbitrum (ARB) $ 0.759358
  • ethenaEthena (ENA) $ 1.07
  • filecoinFilecoin (FIL) $ 5.03
  • kaspaKaspa (KAS) $ 0.120749
  • fantomFantom (FTM) $ 1.02
  • algorandAlgorand (ALGO) $ 0.337318
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.70
  • okbOKB (OKB) $ 44.97
  • cosmosCosmos Hub (ATOM) $ 6.65
  • blockstackStacks (STX) $ 1.70
  • ondo-financeOndo (ONDO) $ 1.72
  • optimismOptimism (OP) $ 1.79
  • bonkBonk (BONK) $ 0.000031
  • immutable-xImmutable (IMX) $ 1.37
  • celestiaCelestia (TIA) $ 5.02
  • movementMovement (MOVE) $ 1.03
  • theta-tokenTheta Network (THETA) $ 2.18
  • injective-protocolInjective (INJ) $ 20.90
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,367.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,374.84
  • the-graphThe Graph (GRT) $ 0.210296
  • dogwifcoindogwifhat (WIF) $ 1.99
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030465
  • sei-networkSei (SEI) $ 0.430499
  • worldcoin-wldWorldcoin (WLD) $ 2.24
  • thorchainTHORChain (RUNE) $ 5.10
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,489.63
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998075
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,782.54
  • flokiFLOKI (FLOKI) $ 0.000171
  • jasmycoinJasmyCoin (JASMY) $ 0.033480
  • gatechain-tokenGate (GT) $ 12.90
  • quant-networkQuant (QNT) $ 111.16
  • tokenize-xchangeTokenize Xchange (TKX) $ 20.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,551.50
  • lido-daoLido DAO (LDO) $ 1.71
  • galaGALA (GALA) $ 0.035939
  • flare-networksFlare (FLR) $ 0.027418
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,357.00
  • makerMaker (MKR) $ 1,648.02
  • beam-2Beam (BEAM) $ 0.027460
  • fasttokenFasttoken (FTN) $ 3.32
  • usual-usdUsual USD (USD0) $ 0.998115
  • the-sandboxThe Sandbox (SAND) $ 0.573553
  • pyth-networkPyth Network (PYTH) $ 0.371167
  • kucoin-sharesKuCoin (KCS) $ 11.19
  • nexoNEXO (NEXO) $ 1.34
  • tezosTezos (XTZ) $ 1.30
  • kaiaKaia (KAIA) $ 0.223273
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,090.00
  • raydiumRaydium (RAY) $ 4.42
  • based-brettBrett (BRETT) $ 0.129224
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,477.81
  • eosEOS (EOS) $ 0.812718
  • heliumHelium (HNT) $ 6.89
  • binance-staked-solBinance Staked SOL (BNSOL) $ 189.24
  • ethereum-name-serviceEthereum Name Service (ENS) $ 35.17
  • aerodrome-financeAerodrome Finance (AERO) $ 1.61
  • xdce-crowd-saleXDC Network (XDC) $ 0.075995
  • jupiter-exchange-solanaJupiter (JUP) $ 0.836319
  • flowFlow (FLOW) $ 0.714072
  • starknetStarknet (STRK) $ 0.478265
  • bitcoin-svBitcoin SV (BSV) $ 54.06
  • arweaveArweave (AR) $ 16.23
  • coredaoorgCore (CORE) $ 1.14
  • aioz-networkAIOZ Network (AIOZ) $ 0.930658
  • iotaIOTA (IOTA) $ 0.296860
  • dydx-chaindYdX (DYDX) $ 1.47
  • bittorrentBitTorrent (BTT) $ 0.000001
  • msolMarinade Staked SOL (MSOL) $ 231.55
  • curve-dao-tokenCurve DAO (CRV) $ 0.817278
  • neoNEO (NEO) $ 14.14
  • axie-infinityAxie Infinity (AXS) $ 6.26
  • elrond-erd-2MultiversX (EGLD) $ 34.65
  • matic-networkPolygon (MATIC) $ 0.479158
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,302.00
  • decentralandDecentraland (MANA) $ 0.480146
  • fartcoinFartcoin (FARTCOIN) $ 0.865835
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,840.00
  • pendlePendle (PENDLE) $ 5.13
  • zcashZcash (ZEC) $ 53.31
  • apecoinApeCoin (APE) $ 1.16
  • jito-governance-tokenJito (JTO) $ 2.97
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,377.29
  • mog-coinMog Coin (MOG) $ 0.000002
  • akash-networkAkash Network (AKT) $ 3.22
  • eigenlayerEigenlayer (EIGEN) $ 3.76
  • chilizChiliz (CHZ) $ 0.085540
  • ai16zai16z (AI16Z) $ 0.717922
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,385.65
  • wormholeWormhole (W) $ 0.270066
  • conflux-tokenConflux (CFX) $ 0.159190
  • usddUSDD (USDD) $ 0.997764
  • popcatPopcat (POPCAT) $ 0.743938
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 199.08
  • mina-protocolMina Protocol (MINA) $ 0.608875
  • compound-governance-tokenCompound (COMP) $ 81.38
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,380.18
  • spx6900SPX6900 (SPX) $ 0.764710
  • roninRonin (RON) $ 1.92
  • superfarmSuperVerse (SUPER) $ 1.57
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.40
  • ecasheCash (XEC) $ 0.000035
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006824
  • havvenSynthetix Network (SNX) $ 2.02
  • gnosisGnosis (GNO) $ 263.98
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.325214
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 96,176.00
  • chiaChia (XCH) $ 20.88
  • axelarAxelar (AXL) $ 0.747886
  • dydxdYdX (ETHDYDX) $ 1.47
  • amp-tokenAmp (AMP) $ 0.007807
  • notcoinNotcoin (NOT) $ 0.006381
  • zksyncZKsync (ZK) $ 0.175776
  • fraxFrax (FRAX) $ 0.994636
  • tether-goldTether Gold (XAUT) $ 2,627.93
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 0.630994
  • layerzeroLayerZero (ZRO) $ 5.64
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,555.76
  • chex-tokenCHEX Token (CHEX) $ 0.617722
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000111
  • reserve-rights-tokenReserve Rights (RSR) $ 0.011237
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,662.22
  • grassGrass (GRASS) $ 2.45
  • turboTurbo (TURBO) $ 0.008482
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • vanaVana (VANA) $ 19.09
  • super-oethSuper OETH (SUPEROETHB) $ 3,391.91
  • safeSafe (SAFE) $ 1.09
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006363
  • ordinalsORDI (ORDI) $ 26.35
  • oasis-networkOasis (ROSE) $ 0.082355
  • echelon-primeEchelon Prime (PRIME) $ 10.76
  • blurBlur (BLUR) $ 0.261205
  • beldexBeldex (BDX) $ 0.078496
  • 1inch1inch (1INCH) $ 0.385862
  • usualUsual (USUAL) $ 1.16
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.28
  • susdssUSDS (SUSDS) $ 1.02
  • paypal-usdPayPal USD (PYUSD) $ 0.999537
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,345.00
  • pax-goldPAX Gold (PAXG) $ 2,621.52
  • dexeDeXe (DEXE) $ 9.07
  • livepeerLivepeer (LPT) $ 14.00
  • pumpbtcpumpBTC (PUMPBTC) $ 96,601.00
  • creditcoin-2Creditcoin (CTC) $ 1.25
  • apenftAPENFT (NFT) $ 0.00000052
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.503192
  • frax-etherFrax Ether (FRXETH) $ 3,378.93
  • gigachad-2Gigachad (GIGA) $ 0.051270
  • true-usdTrueUSD (TUSD) $ 1.00
  • arkhamArkham (ARKM) $ 1.48

Utility isn’t enough; NFTs need a playground too

0 273

Utility isn’t enough; NFTs need a playground too

Non-fungible tokens continue to sweep across the world of Web3, flooding marketplaces like OpenSea with new collections emerging almost every day. As the NFT craze accelerates, it’s necessary to consider the real potential of these digital assets, and it all centers on the concept of “utility”.

Throughout the “crypto winter” that began in January 2022, the value of NFTs has suffered. Transaction volumes plummeted from the heady heights of the previous year when multi-million dollar NFT sales were hitting the headlines almost every day. The trade in NFTs fell from a high of $17 billion in January 2022 to just $46 million in September of that same year, representing a drop of 97%.

Part of the reason for these declines is the significant challenges faced by the NFT industry, such as the potential for scams, the lack of regulation, and the fact that blockchain infrastructure is not standardized. NFTs suffer from scalability issues, too, as we saw during the minting of the Stoner Cats NFTs when users lost more than $700,000 in collective ETH gas fees.

With NFTs facing so many challenges, there’s a clear and urgent need for digital assets to provide additional benefits to users. People need tangible reasons to want to buy and sell NFTs, and that’s where the utility will come into play.

Utility will overcome

Source

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