Lovelace World
  • Abstract
  • Background
    • Limited Secondary Market with NFTs
    • Current NFTs are Without Purpose
    • Oversaturation of Non-Differentiated Marketplaces
    • The Case of Too Little or Too Much
  • Solution
    • Metaverse-as-a-Service
    • Incentivization
    • The Future of Crowdfunding
    • Interoperability
  • Our Products
    • Lovelace Marketplace
    • Comprehensive Creator Tools
    • LoveLoot Launchpad
    • Adanimals
  • Infrastructure
  • LACE Token Functionality
    • Governance
    • NFT Discounts
    • Native Staking
    • NFT Experiences
    • Lovelink Connector
    • LaceUP Launchpad
    • Economics
  • Our Stakeholders
  • Roadmap
  • Partners
  • Disclaimers
  • Additional Resources
  • Telegram
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  • Website
  • Github
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Background

PreviousAbstractNextLimited Secondary Market with NFTs

Last updated 3 years ago

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While NFTs are not a new concept, in their most current form they have risen from an obscure Ethereum blockchain standard to a crypto-mainstream expression of digitally tradable assets. They are used to trade everything from digital ‘punks’, breeds of cats, to one-off pieces of digital and sometimes physical art and assets.

NFTs are based on a series of robust token standards and enable a multitude of functionality to be exchanged by users in the crypto ecosystem. They have risen nearly overnight to a USD 2.5 billion industry in just the first quarter of 2021, with sales topping USD 208 million in August alone the highest ever recorded.

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