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NFT LA: Attract the mainstream, focus on Web3 and use cases

Published 04/06/2022, 09:03 AM
Updated 04/06/2022, 10:40 AM
NFT LA: Attract the mainstream, focus on Web3 and use cases

Nonfungible tokens (NFTs) have generated mainstream interest over the last year. A yearly market report from NonFungible found that the total value of all NFT transactions worldwide surpassed more than $17 billion in 2021, up from $82.5 million in 2020. The report also pointed out that “NFT” was selected as Collins Dictionary’s word of the year for 2021.

Given the increasing amount of interest NFTs create, a number of events dedicated entirely to nonfungible tokens are also taking place, attracting a mix of both crypto enthusiasts and non-crypto natives. This was recently seen during NFT LA, a four-day-long conference that took place in downtown Los Angeles from March 29 to April 1, 2022. The organizers behind NFT LA told Cointelegraph that the event attracted over 3,500 people.

Cointelegraph senior reporter Rachel Wolfson sat down with Johnna Powell, global co-head of ConsenSys NFT at NFT LA. Photo Credit: Larry Wong
The Bat Cowl Collection NFT preview. Source: Palm NFT Studio
Cointelegraph senior reporter Rachel Wolfson sat down with Alex Salnikov, co-founder and head of product at Rarible at NFT LA. Photo Credit: Larry Wong

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