As you know, this is not new, we have been following with great interest the news of the Youtube channel Only The SAVVY for quite some time now because we know that its content is particularly appreciated by our community. That's why we decided to make a post about it, because we are sure you will enjoy this new video.
We propose you today to find the last video of the Youtube channel Only The SAVVY which is simply called "The NFT Collapse Has Begun..." | Chamath Palihapitiya. If you liked it, don't hesitate to like the content to support the author of the video!
For several hours, many people have been talking about this new video on social networks and it also makes people react on many discussion forums. This is not the first time that the Youtube channel Only The SAVVY releases a video that makes people talk about it, and we know your great interest for this kind of content.
Thanks to the Internet, it's easy to talk to videographers and ask them any question you have in mind, or even give them criticism (constructive criticism, please!). To get the email address of an influencer who makes videos on the internet, go to the "About" section of his Youtube channel. If despite your efforts, you don't get a response, try to reach him/her on another medium. Twitter is very convenient to contact youtubers easily.
Well it's almost time to conclude this paper, you can watch the video "The NFT Collapse Has Begun..." | Chamath Palihapitiya again if you want, it should be available for some time. Find now other similar videos on our platform, we trust you to find other nuggets. If and only if you have already visited our site, then go to Youtube to see other exclusive contents of Only The SAVVY.
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For your information, you can find below the description of the video "The NFT Collapse Has Begun..." | Chamath Palihapitiya published by the Youtube channel Only The SAVVY:
"The NFT Collapse Has Begun..." | Chamath Palihapitiya
NFTs, non-fungible Tokens, took the crypto world by storm in 2021, grabbing headlines everywhere and introducing the world to a brand new era of digital art and collectibles. Although NFTs have been around since 2012, they burst into the mainstream and gained huge momentum with celebrities and big brands hoping on the bandwagon, causing digital assets to have a market capitalization north of $40 billion 2021, which is up from nearly nothing in 2019. Bored Apes and CryptoPunks reported over $17 Billion in sales in 2021, but the breakthrough moment after digital artist Beeple sold an NFT artwork at Christie’s last March for $69 million. Money came pouring into the NFT space, as OpenSea, the largest digital marketplace for crypto collectibles, raised an eye-opening $330 Million dollars in early 2022, surpassing a market value of $13.3 billion following the new cash injection. The combination of sales volume, celebrity endorsement, and cash injections secured NFT's future as the ‘next big thing’ in crypto. But according to new data from DappRadar, the honeymoon for NFTs might be over. As reported by Fortune.com, which received its data compiled from DappRadar, OpenSea’s trading volume is down 99% in just 4 months. On May 1, OpenSea processed a record $2.7 billion in NFT transactions, but on Sunday the marketplace recorded just $9.34 million worth, according to data compiled by DappRadar. The company recorded 24,020 users on Sunday, about a third fewer than when it hit its record transaction number in May. Crypto has been down across the board, with both Bitcoin and Ethereum down 57% year to date, at the time of writing with many analysts and pundits calling for a deeper decline as the Federal Reserve attempts to contain rising inflation and an uncertain economy. Declining economic climate aside, the allure of NFTs and the main narrative around it, was the ‘this time it’s different.’ Despite huge celebrity endorsements from the likes of Snoop Dog, Paris Hilton, Gary Vee, and even Melania Trump, many respected business and economic minds could not get behind the concept of NFTs and their true value. And believed it was just another FOMO bubble. Chamath Palihapitiya addressed the current state of the NFT market on his All-In Podcast essentially saying that there is nothing new under the sun and these crazed, boom-and-bust industries will always be around.
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Watch the full unedited interview here ⬇ [Credits] 🙏
https://www.youtube.com/watch?v=Wc-Leuq0G7o
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
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