NFTs or non-fungible tokens have displayed much excitement and joy in the crypto space. According to Dune Analytics, a new 24-hour daily trading volume record was hit on May 1st on the largest NFT marketplace called OpenSea.

Updates in Asia 

Following this news, the Japanese Prime Minister Fumio Kishida made a speech at London’s Guidhall stating that Metaverse and NFT-related developments will be included in their country’s growth plans. These Web3-related growths including developing infrastructures will be backed by British business leaders. Their plans include making institutional reforms that would build an environment that helps in the creation of new services.

Singapore is a big cradle for crypto activities, such as metaverse and NFTs, and definitely Bitcoin exchanges. MetaJam Asia 2022, launched on May 6, 2022, is the first digital art event in Singapore. The 3-month-long event will be held from May 6, 2022, till July 31, 2022, and will feature activities, discussions about NFTs, and exhibits. Plus a two-day GameFi Asia event. This big event is not only for crypto enthusiasts but for those who are eager to know what Web 3.0 is all about. Individuals will learn about the technology behind NFTs, and the creativity surrounding them. This event will be inclining towards more interactions, learnings, and opportunities.

Recent Music Industry Collaboration

The music industry and the virtual world continue to collaborate, as announced, Madonna and Beeple will soon launch an NFT series of collections named “Mother of Creation” that they have been working on for a year now. This project will go live in two days as planned. The auction will happen on SuperRare’s NFT marketplace on Wednesday, May 11, at 3 pm PST / 6 pm EST. 

Other big names from different industries have already joined the NFT space for advocating, collaborating, and connecting with their fans through the digital world. Amidst the crypto chaos, many investors and individuals are still eyeing these NFT projects. Do remember to stick with your investment strategy and to only risk in these markets what you can afford to lose.