NFT Sector to Grow by $84.13B

• 🚀 NFT Market Set to Expand by $84.13B with 30.3% CAGR—Technavio

• 👀 Reservoir Raises $14M to Enhance NFT Infrastructure for Web3 Giants

• 🎉 MegaETH Introduces 10K Soulbound NFTs for Network Ownership

• Treeverse Launches Alpha with Exclusive Access to NFT Holders (NFT Plazas)

• Legacy Network’s Successful Token Launch Brings Attention to Web3 EdTech (Bitcolumnist)

• 'New Levels of Immersion' Coming to Ronin Gaming Network With AI Agent Tool (Decrypt)

• GOAT Gaming Raise $4M, AlphaGOATs AI Agents To Debut (NFT Insider)

• Ethereum Game 'What Is This Sorcery' Is Raising Funds via Kickstarter—Here's Why (Decrypt)

• Sony Launches Soneium Conquest to Simplify Web3 Onboarding (NFT Plazas)

• All Eyes on Art: Upcoming Collections to Watch the Week of February 4 (nft now)

• Pudgy Penguins Announces Partnership with LINE Friends’ Minini (NFT Plazas)

• Love Card Gaming Sensation 'Balatro'? Play These Games Next (Decrypt)

• Alchemy and Syndicate Partner to Supercharge Layer-2 Rollups (NFT Insider)

• Art of Punk: Inside the CryptoPunks Artist Group Show in Austria (nft now)

Trending Collections on OpenSea:

• Courtyard.io [Floor Price - <0.01 $ETH]

• Azuki Elementals [Floor Price - 0.29 $ETH]

• BEANZ Official [Floor Price - 0.15 $ETH]

NFT Market Set to Expand by $84.13B with 30.3% CAGR—Technavio

According to a Technavio report, the NFT sector is expected to grow by $84.13B at a CAGR of 30.3% from 2025-2029.

• Digital art demand and NFTs' role in branding and marketing are major drivers of market growth.

• The music industry is exploring NFTs as a new revenue stream, along with the gaming and entertainment sectors.

• Challenges include regulatory uncertainty and logistical issues, affecting the market's future value and pricing.

• AR, VR, and XR technologies, along with the metaverse, are also set to boost the NFT experience and market potential.

Reservoir Raises $14M to Enhance NFT Infrastructure for Web3 Giants

Reservoir, an NFT infrastructure provider for major Web3 giants like Coinbase and MetaMask, raised $14M in a Series A funding round yesterday, led by Union Square Ventures (USV).

• The funding aims to expand Reservoir's infrastructure, helping more networks integrate NFT trading with tools for indexing token images, data, and DEX interaction.

• Other investors in the round include Variant, Archetype, and Square Peg Capital, each of which focuses on developing APIs and developer tools used by major platforms like Magic Eden.

• Despite market volatility, the NFT sector is showing signs of recovery —CryptoSlam reported $877M in NFT sales at the end of last year.

MegaETH Introduces 10K Soulbound NFTs for Network Ownership

MegaETH has launched a soulbond NFT collection — The Fluffle — which cannot be transferred and grants participants a stake in the network.

• MegaETH is an Ethereum L2 project designed to scale with 100K transactions per second.

• The project has introduced soulbound NFTs that represent network ownership and can't be transferred to reduce Sybil attacks.

• The Fluffle NFTs could raise up to $28M, with 10K NFTs priced at 1 $ETH each.

• Vitalik Buterin and Joe Lubin are among the prominent figures supporting the MegaETH project.

• The project takes a unique approach amid declining NFT market interest, aiming to sidestep issues like airdrop farming.

Today's edition was written by Leah Waters

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