As the NFT ecosystem continues to falter, superfans and blue-chip holders are still holding their own. But how can the digital asset sector revive growth and attract new audiences? The number of NFT sales is down nearly 90% from the prior year date, according to data in the non-fungible market tracker.
But still, 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 discussed 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, reaching a valuation of $4 billion. The Miami-based NFT startup is the firm behind Bored Ape Yacht Club and Mutant Ape Yacht Club and has acquired other popular NFT projects like CryptoPunks and Meebits.
Yuga also contributed to the launch of ApeCoin, which was a project inspired by his BAYC collection. The token gathered a multi-billion dollar market capitalization on its first day of trading which is now around $1.4 billion year to date. The company wants to build something that “expands the universe” of Bored Ape Yacht Club but “invites the larger NFT community” at the same time, TechCrunch previously reported.
With all of that being said, there will be a lot to talk about with Muniz, from the fine-tuned details of Yuga Labs to where his thoughts are for the broader NFT ecosystem and where things are at. We would like to hear from him on the challenges and opportunities in the NFT market and what areas he sees as the 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 like Nike, Google, EA, and Square, to name a few.
TC Sessions: Crypto takes place on November 17 in Miami. Save $150 with early bird pricing and purchase your pass today, then join the web3, DeFi, and NFT communities to keep up with the ever-evolving and always-exciting crypto world.