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 ai and music-based project


NFTs are 'Stayin' Alive' as new minting trends, AI and music-based projects thrive

#artificialintelligence

In 2020, newly launched NFTs projects experienced costly gas wars that are gas priority auctions where buyers battle to secure their spot on the next block, potentially losing Ether (ETH) to failed transactions. In 2021, digital scarcity and utility drove the NFT hype in the constantly surging markets, and toward the end of the year, how much attention any collection received seemed to be at the mercy of influencers' opinions. It's frustrating especially when tons of good projects with actual value and hardworking teams that don't just disappear on their community are still so undervalued. Influencer culture invading the NFT space has had a horrible impact for the community. Transitions have slowly emerged and driven new entrants in with new sets of values that not only impact how projects are minted, but what is minted. In 2022, it seems the NFT ecosystem will emphasize "strong communities," and exclusive collector utility.