Ethereum Merge’s impact on NFTs- Coming back? Maybe? Or maybe not?

Ethereum Merge’s impact on NFTs- Coming back? Maybe? Or maybe not?

The number of unique NFT buyers falls below 500,000. It seems like #EthereumMerge is the savior.

Ethereum merge and transition from proof-of-work to proof-of-stake (PoS) will further deliver changes to the NFT market. The Ethereum merge is expected to increase the diversification of Ethereum and revamp the tokenomics of the entire market. We could also see a short-term increase in NFT’s pricing.

Anndy Lian commented on his previous post on Anndy.com: The core message that I was trying to say is that the NFT market is at the rebuilding stage right now. The previous highs that were in the bull market are in a challenging stage. The prices were unsustainable, and it will continue this way as the macro environment is not looking too optimistic now.

There are many contributing factors to this current state but is this the end of the NFT markets? It is not.

Right now there are more projects in the markets working hard behind the scene working on content, books, music, and better gaming assets and experiences. The speculation market has died down, and this is actually very healthy for all of us to grow.

This is a time to go back to basics. We can look at the 5Ps of marketing- Product, Price, Promotion, Place, and People.

When we are in the bull market, whatever products can sell without doing anything. But in the current times, we need to look at the product. Is it value for money?

Pricing is another factor to look at. PFP in the good times can start at a 1 ETH floor price. We should watch our pricing more carefully right now. Take my NFT book, for example, I choose to launch it on Bybit NFT Marketplace at $2.99, not $29.99. This decision was made after looking at the market and the demand from my communities.

Lastly, I think people and community are what we should be building too. If you do not have this, this is the best time to look into it now. This will also help you to get better results when the market turns better.

Source: The Daily Forkast – September 2, 2022, presented by Joel Flynn.

 

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 “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”.

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NFT Dry Spells? Maybe Not for “Zero to Hero” NFT

NFT Dry Spells? Maybe Not for “Zero to Hero” NFT

Crazy headlines saying that the total sales volumes of NFTs have plunged more than 90 percent. The next thing I remember, I had to launch my book “NFT: From Zero to Hero by Anndy Lian” in August.

When the idea was mooted, one common question is: Why launch it now? It’s the bear market. In all truth, I did not have the time to finish the book during the bull run, and since I did not have the time to test out the tools that are on the market, it is hard for me to choose what to recommend. Therefore the bear market is the best timing for me. I had time to complete the book, test out more tools that were recommended by my community and make plans for the book.

I did not really care what the book sales were going to be like in the very beginning. I only want to share knowledge with the community at large. When my team members told me that I should also worry about sales. I had a great idea of collaborating with projects and maybe a few meme coins to make things fun. There were many interests when I spoke to them, some wants a special cover, and others want to launch a collection together. 99 percent of them did not follow through. The typical- all talk, no action. This did not stop me.

Of course, some of them came around eventually. These are the wonderful people who made my book cover, song album cover, music production, NFTs, and all. I will be always grateful to those who have helped.

The book went on even better with the help of Bybit NFT Marketplace. After much shopping around and offers from various exchanges, I have chosen Bybit. They are willing to help and run the extra mile. I ended up being the first launch on their new program called GrabPic. Zero to Hero is also the first NFT book that launched on any exchange NFT marketplaces. Looking through the listings, I am also possibly the first who listed using a real profile picture.

The launch went well too. All the NFTs were sold out. All 8,000 of them were bought in the first minute. Pricing seems to be just right- $2.99 for a book with benefits. I did not want to sell the books at a very high price. As a book author, I would like to have more people reading the book, share my knowledge and have fun.

The fun part can come in many ways.

It can be having fun creating and minting your own NFTs.

  • In the book, I have shared various sites, platforms, and tools that you can create your own NFTs. If you are a designer, this will be a piece of cake.

It can be spotting the next big thing in the market.

  • This is a fun process, especially if you like statistics. There are rating portals that allow you to kind of predict which NFT has a bigger potential. If you have a good sense of what’s happening in the market and with a good analytical mind, the figures shared on some of these portals can guide you to your first successful NFT collection.

Or using Bybit’s merge function to get you more gifts and benefits.

  • If you have bought my book NFT and when my music NFT is launched, both of them can be merged to get you something else that is rarer and with more useful benefits. The methodology is simple and easy to understand. It is fun too.

The book talks about all you need to know. There are interesting trends that you should really look out for, tools, and useful platforms that you need to check out. At the end of the book, I shared some insights into the future of NFTs.

You can find out more about the book at Bybit NFT marketplace for now. The book will be available in major online bookstores in the coming months. I will be sharing more about the book and its activities on Hackernoon. Thanks again for all the support.

 

Original Source: https://hackernoon.com/nft-dry-spells-maybe-not-for-zero-to-hero-nft

 

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 “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