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📈📈Data Reveals that NFTs are the New Status Symbol

Good evening (because it's always evening somewhere!). You're reading "To The Moon," the only newsletter protecting their assets in style. So, let us take you on a journey of pain and pleasure to see what's been happening in the NFT space on February 27th

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  • Data Reveals that NFTs are the New Status Symbol

  • RTFKT and Ledger Announce Educational Partnership at NFT Paris

  • Half Moons 🌗 - Daily tidbits

  • NFTevening's Shooting Star 🌠 - Our artist of the day

  • Dark Side of The Meme 🌚 - your daily dose of NFT laughter

To the Moon index

Data Reveals that NFTs are the New Status Symbol

Hold onto your virtual hats, folks! MetaJuice, the blockchain-oriented subsidiary of Together Labs, has shared some juicy NFT data gathered from a survey of over 6,000 buyers and sellers in IMVU's Web3 social metaverse. (That's right, we're talking about people who have been virtually living and breathing since 2006!)

So what does this data tell us about the digital asset world? For starters, it seems that owning NFTs as a status symbol is still all the rage, with 74% of buyers purchasing for reasons like status or originality. Only 13% bought with the intention of reselling - apparently, NFTs are just too precious to part with.

And it's not just a passing trend, either. 93% of buyers and 94% of sellers expressed an interest in buying and selling NFTs again in the future. That's some serious loyalty.

But don't take our word for it - 70% of buyers and 71% of sellers deemed NFTs either 'Very Favorable' or 'Somewhat Favorable'. Even the language used to describe NFTs is overwhelmingly positive, with 40% of users describing them as creative.

So where are people getting their NFT knowledge from? Social media, apparently. 45% of users gained awareness through social media, while 27% got their info from online news and media websites.

Overall, it seems like the IMVU community is pretty satisfied with their involvement in NFTs. 68% of buyers and 69% of resellers reported being happy with their NFT experiences.
And the best part? IMVU Creators will soon be able to transform their in-game products into NFTs. It's all very exciting - we can hardly wait to see what digital wonders they come up with next.

RTFKT and Ledger Announce Educational Partnership at NFT Paris

So with NFTs being the ultimate status symbol, it's more important than ever to protect your assets. Thankfully, we can do that in style, as luxury brand RTFKT and Web3 security leader Ledger have teamed up to provide a safe and secure solution for high-end digital collectibles.

This announcement was made during NFT Paris, where RTFKT x Ledger collection was revealed. By partnering with Ledger, RTFKT is ensuring their dedicated collectors have an extra layer of security for their valuable digital assets.

Through programs like Ledger Quest, Ledger offers an enjoyable educational experience and allows the opportunity to earn crypto while learning.

RTFKT is doubling down on education to ensure everyone can safely secure their NFTs and crypto. Their partnership will include physical products, digital assets, and education.

Excitingly, the partnership is bringing collectors a special all-white custom edition of the Ledger Nano S Plus and Nano X, which will be available to buy as an NFT and redeemable for the physical item.

This partnership is a perfect blend of art, fashion, and technology. So, prepare to protect your digital assets in style!

Today’s edition is brought to you by Consensus 2023, the coveted Web3 event from CoinDesk

Get excited for CoinDesk’s Consensus 2023 - the world’s largest and longest running Web3 event!

This year’s three-day event - which also marks CoinDesk’s tenth anniversary - will take place in Austin, Texas April 26-28. Consensus is the industry’s only event that explores all aspects of Web3 from crypto to NFTs, the metaverse and beyond. Consensus brings together developers, creators, policymakers and executives from all over the world under one roof to collaborate and map out what’s next for the industry.

Consensus 2023 has already confirmed 160 of the industry's most sought after speakers, including Yuga Labs CEO Daniel Alegre, Animoca Brand’s Co-founder Yat Sui, and Freedom of the Press Foundation’s president, Edward Snowden. Don’t miss Consensus 2023 for the chance to hear hard-hitting panel discussions, take part in industry-building workshops, explore the latest advancements in blockchain tech, and more. There will also be after-programming networking events, parties, live music, and experiential activations - including a multi-chain Web3 hackathon.


Register now and secure your spot at Consensus 2023 in Austin, Texas, from April 26 to April 28!

Half Moons 🌓

  • Cool Cats Fractures Journey 2 is Live Now! [NFTEvening]

  • No Deal on Dookey Dash Key [NFTEvening]

  • YSL Beauty unveils web3 campaign's 2nd chapter with exclusive NFT drop [NFTEvening]

  • Did WazirX Betray its Community? NFT Marketplace Closure Sparks Outrage [NFTEvening]

  • Check Out this Nouns Dao Funded 3D Printed Fashion [NFTEvening]

Shooting Star 🌠

Dan Estep is an artist who lives and works in Chicago, Illinois. Flooding Factory uses imagery heavily influenced by comics, cartoons, patterns, etc. to create weird stuff.

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