Ethereum’s scalability and reduced fees have boosted Layer 2 networks but contributed to ETH’s underperformance.
FIFA has collaborated with blockchain company Modex to release a NFT collection during the Club World Cup in Saudi Arabia 2023.
Solana is experiencing peaks regarding the NFT trading and even managed to overtake Ethereum for a short period of time.
Yuga Labs is the company behind the best known and most profitable NFT projects, most notably Bored Ape Yacht Club, CryptoPunks and Meebits.
Meebits are an Ethereum NFT collection of 3D digital collectible characters or avatars owned by the Bored Ape creators Yuga Labs.
Pudgy Penguins is a PFP NFT collection of 8,888 adorable penguins living on the Ethereum blockchain, now available as toys across the world.
The city of Lugano’s payment app “MyLugano” welcomes Polygon, another blockchain network that extends its functionality to NFTs.
The NFT market is rebounding with $800M in monthly sales and positive sentiment, led by Pudgy Penguins’ memecoin PENGU.
Chainlink’s “Golden Record” optimizes corporate data via AI and blockchain, used by the likes of Franklin Templeton, UBS and Vontobel.
DeFi
Despite significant scalability Ethereum faces competition from rivals like Solana and evolving Layer 2 networks within its own ecosystem.
