10 Factors NFT Sales Boomed in 2022 Amid Market Collapse
Amidst a poor market environment, NFT sales soared in 2022 as a result of the following 10 factors mentioned in pointers.
Dynamic NFTs: The Evolving Crypto Assets
Dynamic NFTs are like a chameleon in the world of NFTs, able to change their characteristics as needed. These NFTs hold information known as metadata, which outlines their unique traits, such as the strengths and abilities of a gaming avatar or the colors and details of an NFT art piece.
Legal Spotlight: Digital Asset Commodities and Securities
Current regulatory interpretations of law can cause digital assets to simultaneously fall under multiple legal classifications by different federal agencies. This can potentially make it difficult to develop compliance and operational requirements for individual crypto assets – and may complicate which federal regulators have oversight of the asset.
