In this week’s newsletter, read about how Animoca Brands co-founder Yat Siu believes that nonfungible token (NFT) games are only at the tip of the iceberg in terms of potential. Check out how an executive at Kraken highlighted that NFTs will be as disruptive as Bitcoin (BTC) and how a museum in Ukraine is preserving the country’s cultural heritage through NFTs. In other news, find out how an industry executive claimed that brands have a lot of responsibility in terms of protecting their NFT investors against fraud. Last but not least, British actor Anthony Hopkins sold out his NFT collection within minutes of its release.
NFT games are ‘only scratching the surface’ of what’s possible — Animoca’s Yat Siu
The co-founder of Animoca Brands, Yat Siu, highlighted that NFT games are only at the surface of what is possible for the space. The executive believes that there are new forms of gaming that will be developed as a result of NFT’s inherent features like digital ownership.
In an interview with Cointelegraph, the Animoca Brands co-founder highlighted the potential of NFTs to branch out into mobile phones. According to Siu, mobile phones and artificial intelligence can play a huge part in the development of NFT gaming.
NFTs will be ‘as disruptive’ as Bitcoin was 10 years ago — Kraken exec
Jonathon Miller, an executive at crypto exchange Kraken, likened NFTs to Bitcoin in terms of disruptiveness. According to Miller, the exchange is bullish when it comes to NFTs and believes in their innovative features.
Speaking to Cointelegraph, Miller highlighted that despite the low NFT activity in recent months, there are positive signals at the institutional level. According to the executive, the NFT space has the potential to eventually stabilize and have gradual growth.
Ukrainian art museum to preserve art and cultural heritage through NFT auction
Kharkiv Art Museum has announced that it has released an NFT collection with the purpose of saving the cultural heritage of…