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NFT.NYC believes a “broad and diversified audience” will make explaining NFTs easier

NYC is getting ready for its fourth year as one of the biggest nonfungible token festivals. It will show off NFTs from 16 different industries, such as art, movies, sports, and tickets.

From June 20 to 23, the blockbuster event will be held in New York City. It will be a place where everyone who’s anyone in the NFT industry comes together. It will feature 1,500 speakers in panels, presentations, fireside chats, and hundreds of pop-up events. This year, over 15,000 people are expected to come, up from 5,600 last year.

Jodee Rich, co-founder of NFT.NYC, Quinn Button, its vice president of growth, and Web3 entrepreneur Michael Litman to find out more about the New York event. They also talked about how the current state of the market could affect the momentum of the NFT movement and the creative conversations it encourages.

Out of 5,000 applications, the NFT.NYC team chose 221 new international artists to show their work on a Times Square billboard and around the Marriott Hotel. They did this with a clear focus on putting the needs of the community ahead of the needs of brands or businesses.

After the event, these artists will be able to sell their work at any price they want and keep 75% of the money they make from the first sale and any sales after that. Soon, details about how to buy will be made public.

Rich was proud to say that the “very diverse and eclectic group” that will meet in New York is “extremely varied and eclectic”:

“Our thing is about giving the community a voice. That’s what we wanted to do since the beginning. We’re not an event that goes hunting for celebrities — we want the community to feel that this is a place where they can be on stage and talk to the rest of the community.”

The introduction of Unconference, an unplanned, unscheduled stage where all attendees get 10 minutes to talk about their ideas and goals for the space, may be the best way to show how determined they are to give a place for young people and people with a lot of energy.

Ether (ETH) is probably the most important asset on the NFT market, but at the time of this writing, its price is still stuck at $1,200 after dropping 35% in a week.

This drop has had a domino effect on the price floors and buying attitudes of top NFT collections, especially profile-picture-projects, sending the sector into its first bear market.

When asked what this misfortune might mean for the overall story, Rich was eager to talk about how excited he was about the connections and friendships that would be made at the event, especially those that would happen by chance during casual conversations in line and between speakers on the same stage.

Button agreed with the decision that several users’ use cases will be shown in different industries, and he named the music industry as one to watch:

“I think one interesting utility of NFTs will be how they will disrupt the music industry, whether that’s royalty rights, merchandise or generating new revenue streams to really connect musicians with their fans.”

This year, there has been a big rise in the use of NFTs for good, especially to help Ukraine’s efforts to help people in need and promote cultural diversity.

Sustainability, mental health and well-being, and charity will be talked about in a total of 28-panel discussions and speeches at NFT.NYC on June 21 and 22. These events will take place in the Edison Ballroom South and are organized by Chingari.

Rachel Wolfson, a senior writer at Cointelegraph, will talk about “Breaking the Boys Club Culture in Crypto: How NFTs are Bringing Women into Web3” in a 15-minute fireside chat on June 22 at the Edison Ballroom Main.

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The post NFT.NYC believes a “broad and diversified audience” will make explaining NFTs easier appeared first on NFT News Pro.