NFT.NYC is back to deliver the Woodstock of NFTs
NFT events have been the hottest ticket in town since the world was introduced to non-fungible tokens. Electricity generated from projects and fans coming together seems to power the space until the next event, but are we experiencing an overload?
In the past year, Web3 has had a presence at Miami NFT week, VeeCon, Consensus, SXSW, NFT.NYC, NFT London, Art Basel Miami, NFT LA, NFT.NYC again, and dozens of additional events. There is a lot of talk and travel for a culture that primarily lives in the digital space.
NFT.NYC kicks off Wednesday for the second time in less than ten months, and it’s becoming apparent that collectors, and even builders, are experiencing some event fatigue.
Conversations from recent NFT events show concern among the community that turnout is lacking, and even last month’s NFT LA (now called Outer Edge), while well attended, didn’t seem the same as 2022.
For four days, 20 – 23 March, industry leaders in #technology, #entertainment, #media and #creative gathered to connect, co-create and experience #Web3 and #NFT society. pic.twitter.com/GOZPDHYPYi
— Outer edge 🪐 | Former NFT LA (@NFTLAlive) 31 March 2023
Some of the biggest NFT projects choose to stay home from NFT.NYC this year. CyberKongz and Yuga Labs, both of which are in the process of delivering new products to their communities, are just a few notable names that aren’t hosting their own events in The Big Apple. Since both usually have a presence at the big NFT events, one can speculate if the sheer pace of the events makes them consider the importance of being at all of them.
Still, everyone expects a strong showcase of announcements from many projects spanning Web3. Samsung x Artblocks, DeGods, Pudgy Penguins, Adidas and Cyberbrokers are big names demonstrating the current strength of Web3 brands, while one of the world’s best-selling generative artists, Zancan, shows us the pinnacle of generative art on the blockchain.
Whether attending to meet friends from around the world or eager to hear what’s on the horizon from their favorite project, collectors will be hard-pressed to find a greater concentration of builders than at NFTNYC. This year will certainly be worth their time if they want to hear from the NFT space’s thought leaders, including Eddie Satterly of OneOf, Sebastian Oddo of Mastercard, Jenn LaRocco of SMX Media, Yat Siu of Animoca, and even CryptoSlam and Rejection. News‘ first appearance
Don’t bother unpacking your bag after returning from NFT.NYC. VeeCon returns next month as Gary Vaynerchuk once again delivers the most value you can get in an NFT through his massive NFT conference for VeeFriends holders. How is that for the benefit?
The discard 500 NFT index is down almost 1.5% in the last 7 days, due to low trading volume from the Easter holidays, people planning for NFTNYC and the opportunities happening on the crypto side of the blockchain.
Can traders expect NFT.NYC to restart the NFT market? Many are hopeful, but just this week they are outnumbered by those who are here in Web3 for innovation and vibes. To that end, the NFT space is richer than most can imagine.
