ByBit’s Head of Partnerships Asserts NFTs are Alive and Kicking

ByBit’s Head of Partnerships Asserts NFTs are Alive and Kicking

Bybit‘s Head of Partnerships, Anndy Lian, has set the record straight in a recent article published on the pioneering crypto exchange’s blog, defending that NFTs are alive following recent industry-damaging claims of being dead by Rolling Stone and beyond. 

Within his insightful blog post, Lian covers the outstanding growth of NFTs — which, at its peak, hit an astonishing $10.7 billion in total market capitalization — and its downturn. His insights reveal that while the NFT market commonly experiences fluctuations, it’s still in the public eye.

Regardless of the market facing a dip in performance this year compared to its 2021 and 2022 highs, Lian covers a plethora of positive industry signs. He defends the credibility and potential of NFTs through intriguing examples, championing these collectibles as a motivating factor behind creativity, financial opportunity, and virtual cultural revolution.

Shining NFT Examples 

Lian mentions the success of Bybit’s very own NFT collectibles, ‘The Velocity Pass’, consisting of 1,000 digital assets inspired by the iconic Formula One World Championship and Oracle Bull Racing’s RB19 race car. Holders gain access to exclusive offerings, entry into raffles for tangible prizes, and complimentary NFTs from collaborating artists, capturing excitement in tandem with the race season — all made possible through the power of NFTs. 

Further illustrating the potential of such digital assets, Lian touches base on intriguing trends that have emerged in recent months. One shining example, in particular, includes Art Blocks generative artwork, innovatively created through a computer program algorithm from inputs by artists or collectors.

Moreover, he highlights industry giants optimistically embracing the NFT revolution in distinct ways, with Visa acquiring a $150,000 CryptoPunk, Cola-Cola auctioning four NFTs to charitable endeavors, and Marvel stepping into the NFT realm with a dedicated marketplace for comic book lovers being remarkable cases. 

Lian also unveils the benefits of fractionalizing digital collectibles, enabling art collectors to access and invest in top-tier NFTs more affordably, like DAO Records’ Wu-Tang Clan’s ‘Once Upon a Time in Shaolin’ album.

The Broader Perspective 

Lian’s ‘No, NFTs Are Not Dead’ article is a must-read for anyone seeking a deeper understanding of NFTs’ transformative potential and their significant impact on the online landscape. Not only does he underscore the evolving nature of such digital collectibles, but he forefronts how these digital collectibles transform ownership and property rights, removing legal conflicts and offering restored hope and faith to enthusiasts, investors, and creators alike.

By highlighting real-world examples of the benefits of NFTs in recent days, he paints a picture of an NFT landscape that continues to evolve, thrive, and inspire, acting as a beacon of optimism for all involved and interested. NFTs are alive, after all.

Read the full article >>> Here

 

Source: https://nftplazas.com/bybit-nfts-are-alive/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j

New NFTs Need To Build Community To Succeed, Says Head of Crypto Exchange

New NFTs Need To Build Community To Succeed, Says Head of Crypto Exchange

Speaking at the 14th World Blockchain Summit MARVELS, the Chairman of BigONE Exchange Anndy Lian said that key to success for NFT startups was a supportive community and a compelling user case. As a guest speaker at the event on February 22, under the theme of ‘NFT META Korea 2022’, Lian agreed that the global market for NFTs was very active currently but wanted to share his experience in how NFT projects can be successful in the longer run.

 

“While NFT creation looks straightforward the true essence of the NFT, the true value comes from community, as well as the technology and the tokenomics. If you are looking to launch a NFT studio, and you wish to partner with our partners, it could be with a meme coin community with Shiba Inu, Kishu Inu, or XRdoge, as all these projects have a very big community behind them; if you need that kind of partnership to succeed in the global market then we can help you,” Lian told his audience at the Seoul event.

 

The market in NFTs boomed in 2021, with total sales globally totaling $25 billion, up from just $94.9 million the year before, according to DappRadar. “Not surprisingly social media is awash with tales of get rich quick NFT success, from CryptoPunks to Bored Apes, and everything in between, but the fascination with digital art is going to change in 2022, with more use cases around utility. Clearly NFT projects need to be as transparent as possible when creating their offerings and grow a viable community as they progress, said Lian

 

One key factor that should be with a team from the outset is to ensure the NFT has utility, which is closely tied to the importance of community. At its core of course NFTs are a great way for creators and artists to contact directly with their fans, with their community. And that’s probably the most compelling use case to date that’s going to sustain the growth of NFTs into the future, Lian added.

 

Lian illustrated for the audience the importance of getting this relationship between the NFT and its community, between creators and fans, with the example of starting a NFT around a well-known soccer player. While on paper the fans of a soccer player appear to be automatically part of the NFT community you are building, that isn’t necessarily the case. What is needed is a strong bond to be created between the fans and the soccer star and the platform for it to work. This was related to the importance of ensuring that when you see a new project in the NFT space you should as an investor consider whether it has utility.

 

Lian added that for NFT creators it was important to be transparent about their offering to investors, not only to better convey its value, but also to ensure that when regulators start to enter the space in 2022 the quality of the NFT industry stands up to scrutiny.

 

Oh Myung, former Deputy Prime Minister and Minister of Science and Technology; Oh Se-hoon, Mayor of Seoul City; Lee Won-Wook, National Assemblyman and Minister of Land, Infrastructure, and Transport; Cho Myung-hee, chairman of the National Assembly and the Special Committee for Future Industry Jobs; Yoon Chang-Hyun, chairman of the Special Committee for Virtual Assets; and Yang Jung-sook, a member of the National Assembly and the Korea Communications Commission delivered speeches opening the conference.

 

About BigONE Exchange

 

BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development. Further information here.

 

 

 

Original Source: https://www.asiaone.com/business/new-nfts-need-build-community-succeed-says-head-crypto-exchange

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j