Uniswap seeks solutions to improve liquidity of NFTs
Uniswap, a leading decentralized crypto exchange that runs on Ethereum, is finding ways to increase the liquidity of NFT assets. Recently, the Uniswap team has been in talks with several NFT lending protocols to build NFT financialization, ensuring the rights and benefits of digital asset holders.
In addition, Uniswap founder – Hayden Adams, said that their platform aimed at solving the problem of liquidity and “information asymmetry” for NFTs.
In fact, after the boom in 2021, the NFT market has slowed down in the first three quarters of 2022. The transaction volume of the largest NFT marketplace, OpenSea, also plummeted by over 99%, from USD 2.7 billion to USD 10 million.
Netflix bans crypto commercials
Streaming giant Netflix has reportedly banned cryptocurrency-related commercials on its ad-supported subscription tier. This is definitely bad news for crypto investors since the event will impede the process of “massification”.
Fan token explodes even in the Bear Market
Two months ahead of the sporting event that attracts the largest number of viewers worldwide, the 2022 World Cup, fan tokens (a type of cryptocurrency designed to provide membership benefits to fandoms of sport teams, bands and other groups) have been gaining traction.
Hence, the fan token market cap has grown exponentially last week (August 29th – September 5th). Some typical tokens include Argentina with a 64% increase, Lazio with a 22% increase, FC Porto with a 24% increase, etc. If this momentum continues, fan tokens will explode in popularity and become a trend in the crypto market prior to the 2022 World Cup.