Celebrities are embracing NFTs in a big way -Breaking
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It nonfungible tokenThe market for NFT is expanding. DappRadar has released a report that shows the volume of NFT transactions. It soared past $10 billion during the third quarter of 2021, a sevenfold increase from the previous quarter’s figure. While a large portion of this action is attributed to runaway hit NBA Top Shot and CryptoPunks, NFT uses cases are quickly expanding as creators realize their potential.
There were few choices for celebrities who wanted to take advantage of the growing cryptocurrency scene in the past. They were restricted to investing in promising startups or shilling initial coin offerings (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 to trading cards and merchandise. This tokenized collection can be then traded among investors and fans.
Mitch LiuTheta Labs’ co-founder, Liu is also its CEO. Liu was the co-founder of Gameview Studios. This mobile studio, which is free to play and has nearly 100,000,000 downloads, was founded in 2010. 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 is a graduate of Stanford Graduate School of Business with a BS and MBA in Computer Science and Engineering.
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