Due to the Christmas holidays overseas, our NFT Weekly is relatively short this week. This is our 35th weekly issue and the last for 2021.

On behalf of the production team, I would like to express my gratitude to you for paying attention to the NFT weekly we write every weekend. We look forward to providing you with more reports in 2022, so that you can keep up with the pace of the market.

Despite the slowdown in the holiday market, there was some big news this week. The first is that an exchange is exploring the ability for users to use NFT as collateral.

Then came Elon Musk and Jack Dorsey who showed a lack of enthusiasm for the NFT market. Finally as we speak,A re-ranking phenomenon in the NFT market appears to be happening.

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Kraken may offer NFT leverage

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Different perspectives on Croissant and celebrities

Like it or not, well-known crypto advocates Elon Musk and Jack Dorsey have certainly contributed to mainstream media awareness and adoption of crypto.

Recently, however,Both Musk and Dorsey cast doubt on much of the Web 3.0 buzz, arguing that the current phenomenon is "Web 2.0 repackaged."。
Dorsey has been characterized as a 'BTC maximalist', although he admits that the crypto space is not just about BTC.

This week, crypto writer Croissant also voiced his opinion, as did other influential figures in the crypto space, such as a16z's Chris Dixon.

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NFT reranking

Discussions surrounding "reranking" have been swirling around BTC and Ethereum.In the world of NFTs, the community is also increasingly discussing the re-ranking of the Boring Ape Club and CryptoPunks.

CryptoPunks have been around since the early days of NFTs. CryptoPunks can be said to be the first "personal avatar" NFT. As a symbol of community and status, it has brought certain influence to the popularity of NFT.

However, the Boring Ape Club has elevated the status of the community and created an NFT world with consensus users.

The Boring Ape Club has recently reached a cooperation with Adidas. In any case, the Boring Ape Club and CryptoPunks are undoubtedly "blue chip" projects in the emerging NFT community.

This week, however, rumors swirled about a potential re-ranking between The Boring Apes Club and CryptoPunks.

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Instagram May Launch NFT Marketplace in 2022

Instagram CEO Adam Moseley hosted an AMA session on the platform over the weekend, answering questions about the future of the platform.

When asked about NFTs, Mosley suggested that social media platforms explore NFTs.

Mosley said:Nothing to announce yet but we will definitely be actively exploring NFTs and how to make NFTs more accessible to more users. "I think it's an interesting place where we can get involved and also hopefully help creators"

At present, the platform has not released any relevant details about its participation in the NFT field.

The original text comes from bitcoinist, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.

The original text comes from bitcoinist, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.