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NFT market slumps; GameStop exits.

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Post time 6-2-2024 16:24:21 | Show all posts |Read mode
Nifty Island is a new Web3 game that aims to bring practical functionality to NFTs by allowing NFT holders to port their collections into the metaverse. Zunk, co-founder of Nifty Island, expressed on X after the game's release, "Just as you express yourself by wearing your favorite shirt in the real world or bringing your lucky gloves to play baseball with friends, I think the same applies to games. We are at the forefront of a paradigm shift that will change the way we game."

Nifty Island's Web3 open-world game was launched shortly after Warner Bros. Exploration Company's support in creating a metaverse similar to "Ready Player One." The metaverse was once a popular concept in Crypto gaming but has somewhat fallen out of favor lately.

An interesting data point: Since early January, the baseline price of the NFTs for chubby penguins has nearly doubled, reaching a historical high of around $47,000 per NFT.

Other notable events include the release of the heist movie "Lift," starring Kevin Hart, on Netflix. The storyline revolves around a high-value NFT seller.

Additionally, Animoca Brands collaborated with Chess.com and chess world champion Magnus Carlsen to launch a chess strategy game called "Anichess."
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Post time 6-2-2024 16:31:37 | Show all posts
It seems there's not much profit potential.
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Post time 6-2-2024 16:35:07 | Show all posts
If everything can be done with NFTs, won't it lead to more and more devaluation?
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Post time 6-2-2024 21:15:52 | Show all posts
This market doesn't have much appeal to me.
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Post time 6-2-2024 21:23:39 | Show all posts
Exiting seems inevitable.
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Post time 7-2-2024 08:07:36 | Show all posts
The announcement is a success in exiting, after all.
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