Disney's New NFT Platform and Rising Sales Trends in NFTs

Disney’s NFT Adventure Begins

This week, Disney announced it is jumping into the NFT pool with a splash, thanks to a collaboration with the NFT trailblazers, Dapper Labs. The new platform, dubbed Disney Pinnacle, will allow fans to collect and trade digital tokens featuring beloved characters from Disney classics, Pixar masterpieces, and of course, the galaxy far, far away from Star Wars.

Folks can expect the platform to be live by the end of 2023 on the Apple App Store, Google Play Store, and web browsers. So prepare your digital wallets—Disney’s giving us a new way to collect our favorites!

Is the NFT Market Back? Experts Weigh In

Cointelegraph went on a fact-finding mission this week to gauge the NFT scene’s current status. With some industry heavyweights chiming in, there is a collective belief that the upward trend in NFT sales volumes is here to stay—at least for the next six months! Jonathan Perkins, co-founder of the NFT marketplace SuperRare, declared the bear market officially over—here’s hoping he’s right.

Similarly, Enjin’s CFO, Oscar Franklin Tan, claims NFTs are no longer just a fun gimmick but have solidified their position as a unique class of digital assets. Maybe those vinyl records we tucked away may also see a renaissance?

China Gets Tough on NFT Theft

In a surprising twist, China’s latest declaration has classified stealing digital collectibles like NFTs as criminal theft. That’s right, folks—stealing digital chocolates can land you behind bars! This statement made waves on November 10, highlighting that hacking into NFT platforms is not just an embarrassing social media blunder; it’s also a jailable offense. While the country is wary of many crypto activities, there’s a growing interest in the NFT space. A crafty balancing act, if you ask us!

Roblox CEO Has Big Dreams for NFT Interoperability

In tech news, Roblox CEO David Baszucki dreams of enabling users to transport their NFTs and digital objects across different platforms. I mean, think about it—moving your collection from your Roblox avatar to another game could be as mind-blowing as finding an extra fry at the bottom of the bag. David imagines a world where celebrities could sell charity collectibles that have real cross-platform potential!

ApeFest’s Blinding Issue

To wrap up the highlights, attendees of the recent ApeFest in Hong Kong filed complaints about eye-related issues, and Yuga Labs stepped in with an explanation. Following an investigation, Yuga Labs concluded that UV-A emitting lights at the event likely caused these ‘bright’ problems. Safety goggles might just become the newest trend in the NFT festival scene, folks!

Thanks for tuning into this week’s Nifty Newsletter! Don’t forget to check back next Wednesday for more hilarious and serious updates from the wild world of NFTs.