1.Why are most NFTs built on Ethereum?

Ethereum is one of the most popular blockchains, the first NFTs minted on it. As a result, NFTs on Ethereum are now sold at higher prices on average than on other networks.

With its highly secure network and data architecture, Ethereum leads the decentralized finance market. The crypto community considers Ethereum a proven player in the market, but problems arise from this: high traffic leads to a lag in processing operations, and, consequently, to an increase in commissions. The latest trend for tokens minted on Solana was born precisely because of these restrictions.

NFT on Ethereum or Solana?

ETH 2.0 is created in order to increase scalability: in the first version of the blockchain, there are big problems with it.

Solana uses a combination of proof-of-stake and proof-of-history methods, which gives the network faster and cheaper transactions, but less security.
For comparison, in the ETH network, the transaction speed is 13-15 per second, and in SOL it is 50-000 per second. The average price of a mint is $65 in ETH and $000 in SOL.

In short, here are three reasons why creators choose to use ETH:

1. Huge audience of potential buyers (ETH holders).

2. Bigger profit than other platforms.

3. A tribute to the tradition and history of the emergence of NFT.

2. Tezos Blockchain NFT Gallery to Open at Art Basel Hong Kong Branch

Co-organizer - FXhash, NFT marketplace on Tezos. The exhibition "NFTs + The Ever-Evolving World of Art" will show the work of more than 20 digital artists of generative art. Among them: Nicholas Sassoon, Iskra Velitchkova, Yazid Azahari and others.

The event will be held from May 27 to 29 at the HKCEC Gallery in Wan Chai. Each visitor will be able to mint one generative NFT from one of the participating artists. You can avoid flying to Hong Kong and still get to the exhibition on the online platform Art Basel Live: Hong Kong.

Art Basel is one of the most prestigious international exhibitions of contemporary art, held annually since 1970 in 4 cities: Basel, Miami, Paris and Hong Kong.

Tezos is an open source blockchain that can run tokens and decentralized applications. It was created by developer Arthur Breitman in 2014. Recently, NFTs on this blockchain have been gaining popularity.

3. Virtual Earth in the Metaverse to be sold for a record $5 million

The transaction will take place within the framework of a strategic partnership between the financial company Curzio Research and the developer TCG World.
Curzio Research will acquire 19 commercial properties in the TCG World metaverse for $5 million, the largest such deal to date. Curzio Research will raise $4 million to finance the deal.
The headquarters of Curzio Research will be built in the Asian region of the metaverse.

Curzio VIP clients will be able to meet with other investors, attend virtual events such as seminars and conferences, listen to exclusive podcasts, and build an investment community.

The Curzio Research headquarters is expected to be built before the official launch of TCG World in September 2022.
The previous record deal in the metaverse was last November. Then the site of virtual real estate in The Sandbox was sold for $4,3 million. It was acquired by Rupublic Realm.

4. Elvis Presley will appear in the metaverse, the event should enter the Guinness Book of Records

Elvis Presley Enterprises and DAPPCRAFT announced the project, which will launch a virtual meeting place with a pop music icon. The project will open with a party in Decentraland, it should gather the maximum number of Elvises in one place - this will become a world record.
Among the partners there is also The Sandbox, it can be assumed that the project will be available in two metaverses.
The creators say the space will be "half time capsule, half amusement park." This project will feature the digital clothing that Presley wore: suit, glasses, wig and boots.
The singer's descendants want to honor the memory of the legend and create a place of worship for all his fans.

The next phase of the project will be the launch of 1935 unique Elvis Genesis Key NFTs. Each NFT will be based on a rare 1968 recording that marks Elvis' return to the stage. With each NFT, users will have access to a special thread in the discord, and in the art gallery (real and virtual). Collectors will also be able to vote on the future of several of the singer's unreleased material.

5. The Asia-Pacific region will earn the most from the metaverses

Analysis Group specialists studied the geography of the metaverse market development and came to the conclusion that in 10 years 58 countries of the Pacific basin will earn the most, including Australia, Indonesia, China, South Korea, Singapore, etc.

В report "The Potential Global Economic Impact of the Metaverse" It is said: if the intensive development of the metauniverses begins in 2022, then in ten years it will bring more than $ 3 trillion (more than 2% of world GDP) into the world economy.

The Asia-Pacific region will be able to earn $1.04 trillion, which will give the region a plus 2.3% of GDP. In second place is the United States with $560 billion and 2.3% of GDP. In third place is Europe with $440 billion and 1.7% of GDP. The Middle East, North Africa and Turkey will experience the largest GDP growth: 6.2% and $360 billion in monetary terms.

According to the report, metaverses and related activities could account for 5% of Latin America's GDP, adding $320 billion to the region's economy. .

6. Which countries are at the forefront of the NFT revolution?

The popularity of NFTs is growing exponentially due to record sales, with some countries lagging behind and others adopting the technology early. NFT Club project held research, in which I tried to figure out which country residents show the greatest interest in non-fungible tokens.

The authors of the work say that there is a layer of NFT enthusiasts in almost every country, and a common problem is typical for everyone - a fairly large group of people who are not going to master this technology, because they do not understand how it works and in accordance with what principles it functions. Moreover, such a division exists in all age groups - it is completely incorrect to say that only pensioners do not know about NFT.

The NFT Club team analyzed queries on non-fungible tokens on Google from different countries. In total, the study covered more than 50 states. Here are the top 3.

1. Taiwan (9629 NFT searches per 100000 people)

Taiwan is a large island next to China and has long been known as the technology hub of East Asia. Unlike its neighbor, which, by the way, now and then encroaches on Taiwan's independence, the island nation has a reputation as a country that is as open as possible to numerous technological innovations, including such as blockchain or NFT.

2 Australia (8198 NFT searches per 100000 people)

Australians, as the authors of the study write, are generally quick to adapt to new ideas - in this sense, NFTs are no exception.

3. Canada (8127 NFT searches per 100000 people)

Canada is a country with a very strong tech sector, so Canadians are showing a lot of interest in the booming world of NFTs.

Iceland, New Zealand, Sweden, the Netherlands, Norway, the United States and Switzerland are next in the ranking by the number of search queries. Russia was not included in the list of countries for the study.

At the same time, if we talk not about relative, but about general numbers, then most of the search queries about NFT over the past year came from the United States - there were about 24 million of them.

7. NFT dating app for BAYC owners closed due to lack of women

"Sorry crypto bro, you're just not hot enough."

Many crypto investors and NFT collectors have interesting romantic lives or loving families! However, there seems to be enough single heartthrobs in the NFT space, as someone came up with the idea of ​​creating a dating service just for them.
Lonely Ape Dating Club was launched in February this year, promising to bring together owners of the Bored Ape Yacht Club collection of different sexes. But, unfortunately, the crypto dating club worked only 3 months after opening. More specifically, “due to unforeseen circumstances, this project was suspended indefinitely” , - creators tweet service. In fact, the number of male requests on the waitlist turned out to be much higher than that of females.

It was assumed that 10 people owning monkeys weren't enough to fill a dating app. Finding a soul mate in this narrow circle of the crypto-elite sounds quite utopian.

Despite the efforts of creators such as Grimes, Pussy Riot, and Yam Karkai (illustrator of World of Women), the crypto sector is still disproportionately masculine — at the end of last year, female artists accounted for a meager 16% of NFT sales.

News for the category unincluded borrowed and verified from the channel BCC BLOCKCHAIN ​​CULTURE