An NFT Week in Hollywood

The latest week-long event for JPEG enthusiasts during the technology’s endless coming-out party. Currently in its ninth month, was NFT LA, which brought together non-fungible tokens (NFT) and its biggest followers.
The conference’s patrons were dampened by warm Los Angeles rain. As they made their way to the unavoidable start of all great NFT conferences: a credential pickup line extending around a city block.

The NFT show has become a familiar sight on the road. Believers in this newly popular kind of digital asset have come in droves to numerous NFT-focused gatherings over the last six months, starting with NFT.NYC in November and continuing on to NFT Basel in Miami. Even this year’s South by Southwest in Austin, Texas, featured a significant NFT presence. NFTs were all in the air in downtown LA. Owners of the bored Ape Yacht Club sailed across town in groups, hoods flapping in the breeze, their ape chariots (electric Bird scooters) zipping about as fast as ever.

Moreover, on the way to and from satellite events, Uber drivers promoted projects. All done by passing out QR codes for collections with names like Bored Punk Weed DAO. Oh, and a woman played an acoustic rendition of Randi Zuckerberg’s outside the convention centre. The Crypto.com logo on the Staples-adjacent conference centre was a well-paid reminder. That crypto’s sway would last beyond the week’s events.

The week was just like the previous ones

It appeared to be new, but it wasn’t. NFT LA didn’t offer anything that was unique in comparison to its predecessors. But for the first time, there might have been an expectation that something unique is in need. The universe has arrived at a critical juncture that requires investigation, lightyears ahead from where it was only a few months ago.

As a result, many more are left with the persistent sensation that the space’s next movements will be significant, from Yuga Labs’ recent acquisition of CryptoPunks and its possibly uncomfortable attempt for centralization to mounting regulatory concerns about the viability of NFT road maps to the rapid surge of music NFTs.

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