Skip to content Skip to sidebar Skip to footer

Bitcoin [BTC]: Is this really the right dip to cash in on
Ethereum Classic’s [ETC] breakout chances – The when, how, and why of it all
Ethereum Classic [ETC]: When the next market phase rolls around, ETC will be…
Assessing whether ApeCoin investors should consider APE-ing in now
Ethereum’s Merge: How serious is the threat of ‘regulatory capture’
Bitcoin [BTC]: Is this really the right dip to cash in on
Bitcoin [BTC] traders must sit tight without expecting short-term gains because…
Is Bitcoin bear season here as $200 million worth BTC liquidated in the last 24 hours
Bitcoin (BTC) Price Prediction 2025-2030: Can BTC hit $937K in 2030?
Why Bitcoin traders holding long positions may expect BTC’s downfall to be short-lived
Ethereum Classic [ETC]: When the next market phase rolls around, ETC will be…
Ethereum’s Merge: How serious is the threat of ‘regulatory capture’
Ethereum: Despite the Merge round-the-corner, ETH falls flat on these metrics
ETH All-Core Developer meeting calms sell-off fears as Merge news shows confidence
Ethereum: Reasons why ETH’s drop below $1,600 could be crucial for traders
The downfall of the NFT market in recent weeks has been well-documented. Some market sceptics have even gone on to say we are currently in the midst of a “likely first NFT bear market”. One blockchain expert claims that NFT floors are likely to fall as a result of Bend DAO liquidation. He further says that the “NFT market is dry rn (right now)”. This is evident in the fall of BAYC’s floor price which has seen a drop by 18.18% over the past month as shown below.
Source: CryptoSlam
However, LunarCrush reports on an uptrend in social metrics for global NFT activity in the past week. According to the update, NFT activity was on a downtrend in the past two months and only recently it has started to recover. The data claims that NFTs saw a total of 17.14 million social mentions in the past three months. NFTs also saw over 54.35 billion social engagements during that period from a total of 107,248 social contributors.
Source: LunarCrush
A recent Galaxy study claims that the vast majority of NFTs convey zero intellectual property ownership of their content. Issues regarding intellectual property rights have come into light recently and major issuers, such as Yuga Labs continue to headline this issue. The report also finds that only one NFT collection among the top 25 by market cap attempts to “confer intellectual property rights” to the purchaser; World of Women.
“The central issue pertaining to NFT license agreements is the asymmetric control that the copyright holder has over the license. Copyright holders have the right to modify and revoke an NFT license from NFT holders at their sole discretion if they believe the license agreement has been breached, or for any other reason,” the report says.
While this issue is yet to affect users directly as of now, it can prove to be catastrophic later on. Hence, NFT issuers should update their license agreements with users to avoid legal tensions in the future.

Sandbox [SAND]: Before traders wash off this metaverse token, they should know
Safemoon (SFM) Price Prediction 2025-2030: This is how high SFM will go by 2030
Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.
Polygon loses $1 mark but manages community support- here’s how
The SOL goes on – All the reasons behind Solana’s latest uptick
Will Solana [SOL] holders see gloomy days ahead despite…
Where could Avalanche [AVAX] go with these developments
DeFi Pulse Index to register a 105% rally? FARM factor has answer
Assessing the odds of Polkadot [DOT] sustaining its growth
Your email address will not be published.

document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );

Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.


Leave a comment