NFT and Metaverse Market Review: Latest Improvements Unveiled!

MetaversePlanet April 12, 2022Last Updated: August 14, 2024

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Despite the usual ebbs and flows, the NFT and metaverse market has displayed robust progress throughout 2022.

The past week, however, has witnessed a somewhat calmer NFT landscape as the field continues to mature and adjusts to the evolving dynamics. Here’s a recap of the noteworthy events in the

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DAO Maker Launches NFT Marketplace:

DAO Maker introduced its NFT marketplace, featuring the launch of limited PFP NFTs from Global Sports Stars.

NFT Club’s Iconic Diego Maradona Collection:

NFT Club announced the first sale of its collection, featuring iconic soccer legend Diego Maradona, one of the co-winners of the 20th-century FIFA Player.

Starbucks Enters the NFT Market:

Starbucks CEO Howard Schultz and senior executives expressed their intention to enter the NFT market. However, the announcement was followed by the abrupt firing of a senior union leader who had been with Starbucks for several years.

eToro Launches NFT Program:

eToro launched a new site, eToro.art, describing it as a “new user program for NFT developers to support their agencies and brands.” A newly announced $20 million fund will focus on acquiring blue-chip NFT projects and supporting emerging developers.

OpenSea Adds Support for Solana NFTs:

OpenSea announced that it currently supports 165 collections and is continuously adding more. Additionally, they introduced support for NFTs on the Solana blockchain.

Star Wars-Themed NFTs in Turkey:

The holiday platform “Where Let’s Go Today” transformed bungalow houses and charterable ships for yacht tourism in Turkey’s major tourism destinations into Star Wars-themed NFTs, exhibited on the OpenSea platform.

UK Government’s ‘Royal’ NFT:

The UK government is launching its first ‘royal’ NFT in collaboration with ‘The Royal Mint,’ a state-owned mint known for its unique cryptocurrency designs. The UK government is actively making initiatives to enhance the efficiency and effectiveness of crypto in the country.