Celebrities are embracing NFTs in a big way -Breaking
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The nonfungible tokenMarket for (NFT), is increasing. DappRadar’s new analysis platform DappRadar shows that NFT trading volume is increasing. The skyrocketed past $10 billion during the third quarter of 2021, a sevenfold increase from the previous quarter’s figure. While most of the action stems from hit games like NBA Top Shot, CryptoPunks or gaming platform, NFT applications are growing rapidly as their creators see the potential.
Celebrities who wanted to make a profit in the rapidly growing crypto market had limited options. They had limited options. These included investing in promising startup or shilling an initial cryptocurrency offering (ICO). NFTs allow them to make a star of their fame by selling sought-after digital collectibles. These can be anything from artwork and albums, trading cards, merchandise or even music. This tokenized collection can be then traded among investors and fans.
Mitch LiuTheta Labs’ co-founder, Liu is also its CEO. Liu founded Gameview Studios in 2010, one of the first free-to play mobile gaming studios. It is best-known for its Tap Fish franchise, which has more than 100 million downloads. Six months after its launch, the company was purchased by DeNA (a Japanese mobile gaming giant). Tapjoy was founded by him in 2007. This company, which pioneered mobile video advertising, saw it grow to more than $100MM. He has a BS degree in Computer Science and Engineering at MIT and an MBA through the Stanford Graduate School of Business.
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