An ApeCoin DAO member proposed the renovation of an existing hotel in Bangkok, Thailand, with Bored Ape Yacht Club NFT collection as its theme.
In this week’s newsletter, find out what Web3 professionals think about the potential comeback of non-fungible tokens (NFTs), and read about Pixelverse launching its native tokens and sending a percentage to NFT holders. In other news, find out the challenges to broader mainstream adoption for NFTs and how an ApeCoin DAO member plans to renovate a hotel in Bangkok.
Web3 professionals remain optimistic that NFTs may peak once again, similar to how they did in their early days. While data shows a 45% downward trend in sales volume during the second quarter of 2024, experts remain positive about a potential comeback for NFTs.
Senet CEO Mohsin Waqar believes NFTs can be revived as different industries discover how to integrate the technology. “Yes, I believe interest in NFTs can peak again, particularly as the technology and its applications continue to evolve,” Waqar explained.
