Autor Cointelegraph By Marco Castrovilli

What is the best marketplace to buy NFTs? | Find out now on The Market Report

“The Market Report” with Cointelegraph is live right now!On this week’s show, Cointelegraph’s resident experts discuss which nonfungible token (NFT) marketplace has the most to offer its customers.But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.Next up, join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which marketplace is the best for NFTs. Will Bourgi’s pick of Solanart come out on top, with its high speeds and low transaction costs? Or will Yuan’s pick of Rarible beat out the rest with its community-owned approach, where RARI tokenholders can vote and make changes to the platform? Last but not least, we have Jordan’s pick of ThetaDrop, which supports all types of creators, from well-known artists like Katy Perry to crypto influencers and popular gamers. Which marketplace do you think has the most to offer? Leave us a comment with your thoughts, and vote in the poll in the chat room!Stick around after the showdown for insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Markets Pro to identify two altcoins that stood out this week: Anchor Token (ANC) and Akash Token (AKT).Do you have a question about a coin or topic not covered here? Don’t worry! Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100!The Market Report streams live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page, and smash those like and subscribe buttons for all our future videos and updates.

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Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst

Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest in fixed-income assets like bonds. While this trend may represent a short-term hurdle, McGlone said he is confident that Bitcoin will still appreciate significantly in 2022:“Bitcoin is in a unique phase, I think, of transitioning from a risk-on to risk-off global digital store of value, replacing gold and becoming global collateral. So I think that’s going to be happening this year.”He said he considers the current bearish sentiment as a positive sign, indicating market consolidation. The analyst is also bullish on Ethereum, given its key role in providing the main infrastructure for decentralized finance and nonfungible tokens (NFTs). He is also convinced that USD-backed stable coins will proliferate in 2022. McGlone’s outlook for the broad crypto market is not as optimistic, though, given the large number of speculative bets among altcoins.  “Simple rules of economics do not favor prices of a market where there’s an unlimited supply and ease of entry. That’s the crypto market”. To find out more about McGlone’s crypto outlook for 2022, check out the full interview on our YouTube channel and don’t forget to subscribe!

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Russian protest group Pussy Riot seeks to tackle gender inequality in the NFT space

Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists.As the group’s co-founder Nadya Tolokonnikova told Cointelegraph, The DAO will be working on reducing the gender inequality that still marks the NFT space and, more broadly, the crypto industry. Despite the large gender gap in crypto — around 60% of US crypto investors are white men according to a survey from August 2021 — Nadya is convinced that it is still early enough for Pussy Riot to make an impact. “The NFT space is still so small, I feel that with a good enough effort you can actually change it”, she said. Nadya is already using her follower base to promote the work of women and LGBTQ+ artists and connect them with potential collectors. The DAO will continue doing so but on a larger scale. “We are going to hire a whole team who will be creating educational material for girls who want to enter the space”, said Nadya. Punk rock group Pussy Riot has gained worldwide popularity for its provocative performances and criticism of the Russian government. Last year, Pussy Riot started using NFTs to raise money for social causes. In March 2021, the video of their music single “Panic Attack” sold for a total of 178 ETH as an NFT series. Most of the money was then donated to victims of domestic violence. “I wanted to bring large human rights and charitable components to NFTs”, Nadya said. Check out the full interview on our Youtube channel and don’t forget to subscribe!

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Kevin O'Leary says his crypto holdings could reach 20% of portfolio

Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins. O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal advocate of cryptocurrency, which currently makes up over 10% of his investment portfolio. Mr. Wonderful is particularly focused on U.S. dollar-pegged stablecoins, which he sees as an effective hedge against rising levels of inflation. By staking stablecoins, he pointed out, he can make up to 6% returns. He explained to Cointelegraph: ​”When inflation is 6%, you’re buying power 12 months from now is 6% less. And that’s all lot […] I’m a huge advocate for solving this problem with stablecoin.”A clear regulatory framework would allow O’Leary to convert large cash positions into stablecoins. Currently, however, he cannot invest beyond 5% into stablecoins because of regulatory constrains. “My own compliance department consider stablecoins as an equity no different than a stock,” he said. According to O’Leary, his excitement around stablecoins is shared by many institutional investors, who are “working quietly in the background” and waiting for regulators to make their move. In addition to stablecoins, Mr. Wonderful is also an investor in Bitcoin, Ether (ETH), and other cryptocurrencies. However, due to their underlying volatility, these cryptos are unlikely to make up a large portion of an institutional investor’s portfolio, he claimed. “You’re not going to get there to a 20, 30% in Bitcoin in an institutional or sovereign mandate, you’re just not. Stablecoins have that potential,” he explained.Watch the full interview on our YouTube channel and don’t forget to subscribe! 

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Why the world’s largest museum is embracing NFT technology

Eventually, all museums will build their digital copy in the metaverse, according to Dmitry Ozerkov, the head of the Contemporary Art Department at The State Hermitage Museum. Ozerkov is currently developing the “Celestial Hermitage”, a digital version of the iconic Russian museum, which will be exhibiting NFT art. “We are all moving into the digital era and our digital twin will be following us everywhere”, Ozerkov told Cointelegraph in an exclusive interview. The State Hermitage in Saint Peterburg, Russia, is the largest museum in the world by gallery space with around 3 million works of art. In September 2021, the museum took its first steps in the NFT world by selling 5 digital reproductions of its most famous masterpieces in the form of NFTs raising almost $450,000. In November the Hermitage launched its first entirely digital exhibition, titled ‘The Ethereal Aether”, where 38 NFTs are showcased within a digital reconstruction of the museum.Unlike the physical Hermitage, where visitors can only watch the works o display, the virtual exhibition allows visitors to interact with the NFTs on display. “You can pass through these doors without touching anything, while in the virtual world, you can do anything: you can play with artworks, you can make them interactive, you can add data to it”, explained Ozerkov.  The exhibition can be visited online for free until December 10th. As pointed out by Ozerkov, the interest of the Hermitage in NFTs transcend market dynamics and seeks to investigate the artistic value that NFT can bring into the contemporary art world. “My idea was to take a selection of existing works out of the market and to put them into the museum and to have a look: what remains in them as art? Is there any art there or we like, what we value in them is only money?”.Watch the full interview on our YouTube channel and don’t forget to subscribe!

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