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6 NFT Trends to Watch Out For in 2024: Insights from Anndy Lian

6 NFT Trends to Watch Out For in 2024: Insights from Anndy Lian

Non-fungible tokens (NFTs) are a true yin and yang within the Web3 world.

For all the fun in trading images — and trading on the value of images — that happens, there are plenty of compelling use cases that are likely to enter the wider world.

Techopedia spoke to governmental advisor and author Anndy Lian about his take on the trajectory of NFTs and their impact across various industries, informed by his address this month at NFT NYC 2024.

NFT.NYC is a conference that brings together the global NFT community and web3 professionals in New York City.

Anndy’s session was on April 4, 2024, at the main stage. His topic was titled “NFT Revolution 2024: Trends & Future Predictions” and followed his speech last year called ‘Think Bigger.’

Following his speech, Lian, who is also the author of NFT: From Zero to Hero, outlined his thoughts to Techopedia, focussing on trends, use cases, and the future shape of the market.

Key Takeaways

  • In a conversation with Anndy Lian at NFT NYC 2024, the trajectory of NFTs and their broad impact across industries was discussed.
  • Key trends to watch this year include RWA NFTs, NFT ETFs, AI NFTs, the rise of memes and collections by renowned artists, and ‘photographs as NFTs’.
  • The ERC 404 Hybrid token standard will blend fungible and non-fungible token features.
  • Solana and Binance Smart Chain are pivotal in the NFT boom, with mature infrastructure and community support

6 Key NFT Trends in 2024

RWA NFTs: Digitizing the Physical World

Real-World Asset (RWA) NFTs allow tangible assets like real estate, intellectual property, and fine art to be tokenized into liquid digital formats.

This trend is not just about tokenization but about improving accessibility and creating new markets and liquidity opportunities

For instance, Nexum.ai is leveraging NFTs to revolutionize supply chain financing, showcasing the technology’s practical benefits in traditional industries.

NFT ETFs: Diversification and Institutional Involvement

NFT Exchange-Traded Funds (ETFs) are emerging as opportunities for investors. By offering a diversified portfolio of NFTs, these ETFs provide a level of exposure similar to institutional-grade assets. Backed by credible entities, NFT ETFs could democratize access to the NFT market, allowing for broader participation and investment.

AI NFTs

AI NFTs represent a fusion of artificial intelligence with the NFT ecosystem. Platforms like copx.ai are at the forefront, wrapping NFTs around AI trading tools. This integration makes NFTs more accessible and functional, providing users with exclusive market insights and trades, thus adding a layer of intelligence to the NFT experience.

Meme with a Twist

The Squid Bros, a collection of 10,000 PFPs by SquidGrow created by renowned artist Mike S. Miller, known for his work with Marvel, DC, and Game of Thrones, exemplifies the power of community and intellectual property.

This project demonstrates how strong community backing and robust IP can elevate a meme-inspired NFT collection to new heights, creating value and engagement.

Photographs as NFTs: Capturing Authenticity

Seed.Photo’s selective process has led to a unique collection of photographs minted as NFTs. This approach appeals to major brands seeking authenticity and artistic value.

By curating real photographs as NFTs, Seed.Photo is setting a new standard for quality and exclusivity in the NFT marketplace.

The ERC 404 Hybrid Token Standard

ERC 404 marks a significant innovation in the blockchain world, blending the versatility of fungible tokens with the uniqueness of non-fungible tokens, and offering unique investor opportunities.

This hybrid approach could potentially unlock new functionalities and use cases for digital assets, making them more adaptable and valuable across various applications.

Solana & BNB: The Blockchain Networks Fueling the NFT Boom

Lian emphasized the role of blockchain networks such as Solana and Binance Smart Chain in the current NFT boom, which offer the necessary infrastructure and community support for the development and trade of NFTs.

He praised the chains for these features:

Solana

Lian said:

“It has a high throughput and low fees for NFTs, making it an ideal environment for NFT creation and trade.

 

“It supports a fully decentralized on-chain experience for artists and collectors, with features like auctions and perpetual royalties coded directly into the NFTs.

 

“Solana’s NFT standard and minting program offer extreme customizability, backed by a suite of tools which empower creators to launch their NFT storefronts and engage with their audience directly.”

BNB Chain

Lian said:

“BNB Chain offers Ethereum Virtual Machine (EVM) compatibility, which allows for the utilization of Ethereum’s well-established standards and tools.

 

This compatibility has positioned them as a competitive alternative for NFT creators, especially those seeking lower fees and a supportive community.

 

“Their marketplace provides a high liquidity platform for users to launch and trade NFTs, further bolstered by multi-chain support for seamless transfers between BSC and other networks.”

Lian added that a synergistic ecosystem for NFTs is important but that “Solana and BNB Chain have each carved out a niche, offering distinct advantages that cater to the diverse needs of the NFT community.”

The Bottom Line

Anndy Lian’s insights at NFT NYC and Techopedia reflect the power within NFTs to redefine ownership and artistic expression in the digital realm.

The speculators come first, but as technology and adoption continue, real purposes evolve, and 2024 will likely be no exception.

 

Source: https://www.techopedia.com/nft-trends-insights-from-anndy-lian

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”.

www.anndy.com
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Bybit And Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

Bybit And Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

DUBAI, UNITED ARAB EMIRATES – 22 September 2023 – Bybit, the world’s third most visited crypto exchange, have released their second digital art drop as part of their partnership with Oracle Red Bull Racing. The limited-edition collection of 200 NFTs were sold via Dutch auction on Sept. 20, and sold out within one hour for a total of 74.5 ETH ($168,434).

The collection: “Pursuit” by Per Kristian Stoveland, launched in conjunction with the Japan Grand Prix,and holders of the original Velocity Pass NFT had exclusive access to the auction. In the 24 hours since launch “Pursuit” has racked up over 106ETH ($113,433) in secondary sales. Sales of Per Kristian Stoveland’s open edition collection “Echo of Intensity” are ongoing on Bybit.

Per Kristian Stoveland, who designed the collection, is a generative artist hailing from Oslo, Norway. “Pursuit” is the second release as part of the Velocity Series, a revolutionary Web3 experience that brings together the talents of the world’s premier digital artists.

Drawing on his mastery of generative art and his innovative use of p5js, a creative coding framework, Per K’s collection encapsulates the raw power and velocity of Oracle Red Bull Racing’s RB19 race car. The collection is a symphony of light streaks that tear through desolate landscapes, igniting a captivating dance of dust. As part of the Velocity Series, “Pursuit” is curated in collaboration with AOI, a foundation for emerging art and technology.

“Bybit and Oracle Red Bull Racing are proud to pioneer the future of art and technology through the Velocity Series,” said Anndy Lian, head of partnerships at Bybit. “This collaboration transcends traditional boundaries, ushering in a new era where speed, creativity, and digital art harmoniously intersect.”

The Velocity Series showcases the intersection of cutting-edge innovation and creative expression, offering art enthusiasts, collectors, and racing fans the chance to engage with this fusion of art and racing data.

Hashtag: #Bybit #VelocitySeries #RedbullRacing #BlockchainArt

The issuer is solely responsible for the content of this announcement.

 

Bybit

Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For media inquiries, please contact: For more information please visit: For updates, please follow: 

 

Source: https://www.moneyfm893.sg/media-outreach/bybit-and-digital-artist-per-kristian-stoveland-sell-out-exclusive-collection-open-edition-sales-ongoing-12942/

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”.

www.anndy.com
j j j

Bybit and Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

Bybit and Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

Bybit, the world’s third most visited crypto exchange, have released their second digital art drop as part of their partnership with Oracle Red Bull Racing. The limited-edition collection of 200 NFTs were sold via Dutch auction on Sept. 20, and sold out within one hour for a total of 74.5 ETH ($168,434).

The collection: “Pursuit” by Per Kristian Stoveland, launched in conjunction with the Japan Grand Prix,and holders of the original Velocity Pass NFT had exclusive access to the auction. In the 24 hours since launch “Pursuit” has racked up over 106ETH ($113,433) in secondary sales. Sales of Per Kristian Stoveland’s open edition collection “Echo of Intensity” are ongoing on Bybit.

Per Kristian Stoveland, who designed the collection, is a generative artist hailing from Oslo, Norway. “Pursuit” is the second release as part of the Velocity Series, a revolutionary Web3 experience that brings together the talents of the world’s premier digital artists.

Drawing on his mastery of generative art and his innovative use of p5js, a creative coding framework, Per K’s collection encapsulates the raw power and velocity of Oracle Red Bull Racing’s RB19 race car. The collection is a symphony of light streaks that tear through desolate landscapes, igniting a captivating dance of dust. As part of the Velocity Series, “Pursuit” is curated in collaboration with AOI, a foundation for emerging art and technology.

“Bybit and Oracle Red Bull Racing are proud to pioneer the future of art and technology through the Velocity Series,” said Anndy Lian, head of partnerships at Bybit. “This collaboration transcends traditional boundaries, ushering in a new era where speed, creativity, and digital art harmoniously intersect.”

The Velocity Series showcases the intersection of cutting-edge innovation and creative expression, offering art enthusiasts, collectors, and racing fans the chance to engage with this fusion of art and racing data.

Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

 

Source: https://finance.yahoo.com/news/bybit-digital-artist-per-kristian-100000685.html

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”.

www.anndy.com
j j j