Tropee aims to inject utility into NFTs by helping brands easily create user experiences out of their collections.
a $4.2 million investment into Lasso Labs, which allows NFT holders to track the utility of their assets.
These raises came despite stuttering volumes on marketplaces and similarly suppressed floor prices for popular collections throughout this year.volume on popular Ethereum NFT marketplace OpenSea hit close to $5 billion, that figure has trailed off to a mere $326.4 million last month.He thinks the trend will help transform the technology into something more closely associated with utility.
"A lot of people were buying not because they were passionate about the community or because they were passionate about their NFTs but because they wanted to make a quick buck," he said."The next phase will be about buying NFTs to enjoy value out of them whether that be real life or digital value." © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
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