The Super Bowl of NFTs, NFT.NYC: Everything You Need to Know -1-

NFT.NYC 2022

It’s been four years since we met NFT.NYC that was founded by Jodee Rich and Cameron Bale. They aimed to bring NFT creators and collectors together regardless of what areas they are interested in NFTs. Most probably, it’s the only place where you can see Web 3’s future and entertainment all-in-one. This article summarizes my experiences on the first day under five titles.

So, NFT.NYC is the most recognized and largest NFT event. I think it’s safe to say that NFT is not only about digital art but also a part of a technology trend that sheds light on the future. Ever since I became interested in NFTs, I’ve also been very interested in and tried to participate in such events. This year I had the chance to attend NFT.NYC! NFT.NYC 2022 took place with 1500 speakers and almost 10000 participants; they were the best days I’ve had in a long time! We both examined the roadmap of blockchain technology for the near future and met many precious people. The exchange of ideas with them was seminal. I can't wait to share with you the details of these events taking place in New York’s finest venues. 

In this article:

→ What Is “Diversity of NFTs”? 

→ Has the Crypto Market Collapsed?

→ The Importance of Blockchain Technology in the Game Industry

→ What is Moonpay’s new product, HyperMint? 

→ Party With Proof Collective and MoonBirds!

What Is “Diversity of NFTs”? 

The theme of NFT.NYC 2022 was “Diversity of NFTs.” But, why is it chosen, and what’s the point? NFT.NYC covers a wide range of NFT usage areas (there are 16 of them), from art to photography, music. and film. The diversity of panelists, artists, and participants created in these areas is one of the signatures of NFT.NYC. However, when discussing diversity for 2022, we should mention the exceptional art collection, “Diversity of NFTs.” 221 artists contributed to this collection, and it was a priceless experience to hear and see the details of the collection.

Has the Crypto Market Collapsed?

We’ve been restless for some time because of the fluctuating rates in cryptocurrency. Therefore, we’re also struggling to make long-term plans. As you know, Bitcoin fell below $20K on June 18 for the first time since December 2020. It went downhill around 60% this year. Overall, the crypto market has fallen from a record $3 trillion in November to about $900 billion. However, it’s still a stressful and challenging process that we go through because of the cryptocurrency crush.

As we heard during the NFT.NYC 2022, it seems like the cryptocurrency crush won’t affect NFTs that much and that NFT has a solid position in the market. Moreover, it’s so reliable that the marketplace is said to be robust enough not to be affected by the ups and downs of cryptocurrency in the long term. 

Edward Moya -a senior market analyst for world-leading online multi-asset trading services- said, “NFTs continue to draw new interest and are attracting old art, such as Andy Warhol. Today's crash was necessary given market positioning, but it doesn't change anything regarding growing blockchain demand and interest in digital assets.”

Hearing these details relieved us, the NFT fans. Of course, we are always prepared for bumpy roads, but we are sure that NFT will be the winner in the long run! 

The Importance of Blockchain Technology in the Game Industry

The ascension of the game sector continues unabated. Today, games even have their own communities. Being part of these communities is as compelling as playing the game. When that happens, it’d be naive to think blockchain technology would skip such a vast sector. Moreover, according to the DappRadar and Blockchain Game Alliance report from Q1 2022, the blockchain gaming industry expanded by more than 2000% last year.

First, let me briefly explain how blockchain technology is integrated into games.

A blockchain refers to a data chain on a computer system, and that data is accessible to everyone, including its users. It cannot be altered or relocated. This way, you can protect a complete record of everything that has transpired on the network about the data preserved. The system is decentralized, which means that the game is not owned and controlled by a central authority but rather by the users, who possess digital assets and game objects.

Like in a cryptocurrency blockchain, you own several cryptocurrencies like Bitcoin, Ethereum, or Litecoin. In a gaming blockchain, you also own a certain number of NFTs, so the digital assets. 

These are game objects; you own them the same way you own cryptocurrency, and they can be transferred to a wallet and outside the game.

The main reasons why blockchain and NFTs will be dominating the game sector soon can be:

• Increasing the security of the gaming market

• Enhancing the ownership of In-Game assets

• Enhancing the value projection of intangible assets

• Improving payment methods

• Integrated gaming profiles

I personally am very excited about the new game world. 

What is Moonpay’s new product, HyperMint? 

As you might know, MoonPay provides payment services for cryptocurrencies and NFTs. Users can use fiat currency to complete crypto transactions, unlike other payment services. In technical terms, it is an on-ramp and off-ramp service. So, let’s meet HyperMint, Moonpay’s latest product that has left a significant impact in a short time.

HyperMint enables users to create and deploy smart contracts through self-service. Its robust and flexible interface makes minting, managing, and distributing NFTs possible with scaling.

Moreover, Universal has become one of the first customers of HyperMint. IMO, HyperMint breaks the 4th dimension in the NFT world and provides excellent convenience for artists. It simplifies the whole process for them. I’m glad to be one of the first people introduced to such a product. I think MoonPay will be worth keeping a close eye on it!

Party With Proof Collective and MoonBirds!

Have you heard about Proof Collective? Probably yes. It’s a private community that gathers 1000 NFT collectors and artists. If you hold a PROOF Collective NFT, you have the benefits of being a collective member. It’s also one of the platforms I closely follow. It was really fun to attend their party in partnership with Moonbirds, one of Proof Collective's NFT projects, at the end of the first day of NFT.NYC 2022.

Of course, one of the requirements to attend the party was having NFTs from Proof Collective and Moonbird’s collections. I can say that socializing with this unique community and getting together with a group of people who share the same interests and NFT style were among the best moments of my first day.

That’s how my first day of NFT.NYC 2022 went. Stay tuned for the second day, and don’t forget to follow me to keep up with the latest news on NFT and the blockchain world!