NFT.NYC, the largest non-fungible token event in the world, kicked off in New York for the fourth time on Monday. Dubbed “the SuperBowl of the NFT industry”, the conference will be held until June 23nd and plans to attract up to 15,000 attendees, nearly 3 times more than last year.
NFT.NYC, where NFT creators and entrepreneurs gather to see the latest initiatives and innovations, started in New York back in 2019. Today it is a hotbed of the NFT industry, and one most awaited events in the NFT community, attracting thousands of entrepreneurs, developers, creators, investors, and non-fungible token enthusiasts.
Reportedly, over 1,500 NFT community members have been invited to speak at NFT.NYC this year, and will present new ideas, technologies and launching initiatives for the appreciation of thousands of visitors.
The impressive number of speakers is one of the unique features of this year’s conference, made possible by an experiment by the organizers to give a voice and 10 minutes on stage to anyone with a “good story and thought leadership”.
According to the founder of the NFT superconference Jodee Rich, the unique opportunity to have a voice through the open mic format generated massive interest across the NFT space, with over 3.500 speakers from more than 46 countries reportedly applying for the opportunity to share their insights and experiences.
The crux of the event is geared around the sheer diversity of NFTs, say the organizers. The conference, and hundreds of its satellite discussions, meetups, and pop-up community events held across 7 venues in New York, will be focused upon the variety made possible by NFTs across 16 different sectors including art, music, games, sports, social media, fashion, and films.
Reportedly, each of the four days of the event will play host to discussions on the progress of NFTs, insights into platform creation, and debates on the future of NFTs. A significant portion of the speeches will be dedicated to the topics of NFT branding, marketing and investing.
In the meantime, New Yorkers will be able to view the digital art of 221 specially selected NFT artists, as the dedicated collection will be displayed on multiple billboards across Times Square throughout the event.
In collaboration with 221 Community Artists, we are very excited to launch "The https://t.co/1IrDLHe1py 2022 Diversity of NFTs Art Collection".— NFT.NYC (@NFT_NYC) June 9, 2022
Artworks will be displayed on Times Square and throughout the event. Some pieces will be available to mint.https://t.co/cup0e2EYF7
During the second day of the event, the NFT.NYC team will host its second ‘Annual NFT Awards’ ceremony, in association with partners OpenSea, APENFT, and NFT.Kred.
The winners of the various NFT Award categories will be revealed later on Tuesday, and nearly 18.5K members of the NFT community have already voted on more than 1,800 nominees.
The NFT Market’s Slip
“The SuperBowl of the NFTs”, however, comes at a time when the non-fungible token market as a whole is far from the peak of its glory days. NFT sales have dropped by nearly 150% since April, and the average price of an NFT has dwindled 65% in the adjoining two months, according to data compiled by the CryptoSlam NFT tracker.
Similarly, Google search interest in NFTs has also dropped to severe lows, with search rates declining by more than 70% in May from the previous year. The decline in the global interest in NFTs can be attributed to the broader financial meltdown caused by the historic levels of inflation, increasing energy costs, and the tightening of monetary policies across the globe.