We just went through a massive boom and bust cycle in crypto from the beginning of 2021 until now. We are undoubtedly in a long bear market and, with FTX still unraveling, the market is far from stabilizing. The crypto market cap hit an all time high of ~$3 trillion last November. It is hovering around $800M now and could still slide further as the macro environment evolves (and potentially other large companies / projects collapse).

Last year, NFTs took the world by storm. Trading volume of NFTs topped $13 billion in 2021 — an enormous 43,000% increase compared to year before. We saw a dizzying pace of adoption from consumers, creators, brands, and even governments.

To say that there has been a lot of excitement around Web3 lately would be an understatement. If you live in New York like I do, you may have noticed that the city was absolutely buzzing with activity (read: parties) last week around NFT.NYC. It certainly feels like we are in the midst of a technological and cultural movement and at the forefront of something truly big.