How the World Cup is Bringing Web3 to Life

At a time when the entire world is focused on the FIFA World Cup 2022 in Qatar, Web3 is connecting millions of people from around the globe through an array of sponsorships, advertising deals and immersive digital experiences centered on sport.

Messi takes a break from football to promote Socios..

In particular, DappRadar’s Sports Report highlights the growing popularity of blockchain-based fantasy sports games like Sorare, where fans are tasked with collecting NFT-based player cards hosted on Starkware, an Ethereum L2 solution. In the last 30 days, Sorare has become the second-largest NFT collection in terms of trading volume, behind only the legendary Bored Ape Yacht Club, with the biggest single sale involving Man City star Erling Haaland’s Unique Card, which sold for a whopping 265 ETH, or 609,000 euros, last January. That was followed by the sale of Kylian Mbappe’s card for a staggering 416,000 euros, with Messi and Ronaldo’s cards both fetching more than 200,000 euros each.

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NFT decline in Q3 but on-chain metrics remain bullish

Latest Q3 NFT report from DappRadar (where I work as PR Manager). As NFT News Jerry Christopher nicely titled his coverage:DappRadar’s NFT report predicts a surge in sales by 6% despite the financials slumping in Q3

Though my fav article was Analyzing DappRadar’s Q3 NFT Report by Jon Torrey which highlights that: “The report is chock-full of useful data and upon deeper analysis (explained below) there are some positive trends forming.” And in particular for highlighting the report finding that “the number of unique NFT traders increased by 36% from Q3 of last year”.

The early hypothesis about NFTs was that the “masses” would enter and while prices per transaction would drop, demand would soar when that happened.

Trading NFTs still requires some technical know-how from buying cryptocurrency to setting up and funding a wallet while avoiding scams and hasn’t yet hit a critical scale, but 2.2 million traders (a slight drop from Q2) is still strong.

Regardless of other factors, people actually being interested in trading NFTs over the long-run matters the most. It’s telling that after 75% crashes, there are still millions of people trading NFTs, albeit with fewer dollars / ETH circulating.
NFT Report September DappRadar

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