Upstream, the revolutionary retail trading app for stocks and NFTs powered by Horizon Fintex and MERJ Exchange Limited, is discussing the value of the “once-booming world of speculative NFTs” in its latest blog. According to the blog, the NFT world is facing a “harsh reality” as a dappGambl report has declared the vast majority of NFTs virtually worthless. The blog notes that initially celebrities and artists flocked to the digital realm followed by eager buyers hoping to make it big. However, the initial enthusiasm for speculative NFTs died down as market oversaturation, environmental concerns, the crypto winter and speculative risks began to impact the space. However, Upstream continues, the technology does offer value, “including the ability to create shared, exclusive experiences within communities and subcommunities, timestamp key events and moments in an immutable way, and even break new ground in Metaverses down the line.”
Upstream has always advocated for NFTs as a means of fan engagement rather than a speculative ride because they serve as merchandise or collectibles with an immutable record of ownership, providing potential for creative campaigns for brands, personal brands, sports teams, or other type of organizations. The blog noted several forward-thinking companies that are leveraged the potential of NFTs in new ways, including American Express, which is introducing Member Collectibles; Lufthansa Innovation Hub and Miles & More, which is introducing an app that allows passengers to transform boarding passes into NFT trading cards; and Diesel, which teamed up with Hape to create a collection of NFTs aimed at fashion and Web3 enthusiasts. “As pioneers in blockchain-powered and NFT trading, Upstream’s mission is to unlock the full potential of NFTs for everyone,” the blog states. “Our user-friendly trading app simplifies the entire process, allowing users to create, purchase and trade NFTs effortlessly. While the speculative NFT market faces uncertainty, Upstream remains a beacon of stability with its focus on utility-based NFTs and genuine fan engagement. As the NFT landscape continues to evolve, Upstream stands ready to empower users and redefine the future of digital assets.”
To view the full blog, visit https://ibn.fm/l1ad3
About Upstream
Upstream, a MERJ exchange market, is a fully regulated global stock exchange. Powered by Horizon Fintex’s proprietary matching-engine technology, the exchange enables investors to trade shares in dual-listed companies, NFTs, shares in IPOs, crowdfunded companies, U.S. and international equities, and celebrity ventures directly from the app. For more information about the company, visit www.Upstream.Exchange.
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]
InvestorWire is powered by IBN