Hong Kong-based #OliveX introduces the move-to-earn model with their move to bring fitness into the #metaverse. Their DustlandRunner and soon-to-be DustlandRider games feature both running and cycling, further integrating the metaverse into other aspects of our lives.

Future-oriented producers have tokenized wine bottles, whilst wine clubs like Club dVin have sold memberships to their communities. Gearing, the CEO of Cult Wines, says that tokenizing something unique and exclusive will be the key to explaining #NFTs to traditional collectors.

#Coinbase's new #NFT marketplace sees little traction with $60,000 in trading volume on the day of opening the marketplace to the public. This is in comparison to the $124 million garnered by industry leader #OpenSea the day before (most recent day avail from to #Dune Analytics).

Recently, Yuga Labs raised $285 mil from their sale of land within their #metaverse. Meanwhile, there was a 90% decline in sales of NFTs within the market. It seems that the market is maturing, with its biggest buyers having to sell assets for liquidity to purchase new drops.

#Instagram announces that they'll be testing #NFTs on the platform for a select few users. The test is such that the company can learn from the community, given that the social network is mostly centralized, unlike the other players within the space.

Madonna announces an #NFT collaboration with #Beeple. This follows Madonna's avid interest in the NFT space, which her #BAYC NFT exemplifies. The project is NSFW and set to launch on #SuperRare, which brings in the question of how big names like #OpenSea will regulate the space.

#NFTs present a whirlwind of opportunities for many artists as it allows them to control pricing, earn royalties, and foster a community. MoRuf tells Fortune that Web3 "gave us a chance to live off our art and build a #community that we never knew existed. That’s power.”

The world's first #NFT sporting event (now postponed) will feature a match between Mayweather and Moore. The NFT tickets provide utility - access to rare NFTs and future events. This shows us how NFTs can be used to build #communities and continually provide #value to them.

#Emirates announces plans to launch #NFT and #metaverse experiences as part of its strategy to connect with customers in a faster and more flexible way. This is in line with the UAE's vision for the digital economy. Looking forward to furthering developments in the space.

The Singapore High Court blocked the potential sale and transfer of a #BAYC #NFT. The court recognizes NFTs as an asset and granted an injunction to freeze the stolen NFTs. This is especially notable as it goes against the value of #immutability that the space often boasts.

#Spotify is next to hop on the #NFT bandwagon, after #Reddit, #Twitter, and #Ig. The platform is surveying its users about and providing previews of NFTs. Though surveys don't necessarily mean integrating features, it shows that these companies are interested in the technology.

#GameStop enters the #NFT landscape despite its lull in activity. Given the reputation of the company being a 'meme' stock, it's hard to say how this move will play out for them. It is, however, always exciting to see another large company enter the space.

#MetaJam Asia 2022 is the first of its kind. The event features 10,000+ #NFTs and speakers highlighting the space and educating those unaware of the tech. This follows reports of S'pore ranking 2nd in no. of NFT company HQs in the world and shows the rapid growth of the space.

The #NFT #sports market is projected to reach $2BIL in trading volume by 2022. Aside from notable players like #BAYC, we also see the sports sector being a notable player within the space. Here are some NFT projects to keep your eyes on within the sports scene.

We've been speaking a lot on #NFTs as of late, so it may be time for a refresher on the topic. A non-fungible token represents any digitally represented asset that can be bought and sold. It lives on the blockchain with a unique signature and can exist as images or even music.

The SEA #NFT market is not to be ignored with an est trading volume of $7.7BIL in SEA and Central Asia -accounting for 37% of global NFT-related traffic. Despite such numbers, there's still much room for growth given that the population is 4x that of Europe and America combined.

We're going to NFT.NYC this June. We're looking forward to seeing everyone in New York City, both within the event and outside of it as well. See you there!

Here's another #NFT refresher. Properties of NFTs include trade verification, realtime price discovery and security. NFT trades are verified with a network of computers. Such data cannot be changed, which adds security, and can be found online, alongside the prices of these NFTs.

Aside from the artwork we've seen, #NFTs can also be used in a myriad of ways in entertainment - from NFTs of images to full-on #DAOs to raise funding for projects. Read more about some of the NFT projects to keep your eyes on within #entertainment.

NFT.NYC provided us with great insights into the space. Here are our 3 main takeaways. 1. It’s not a bear market, it’s a build market 2. Authenticity will be rewarded 3. Fueling a new creator economy If you're interested, do read more at factarize.com/blog