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NFTs? DAPPs? Let's Make Sense Of It All
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with digital currency, and they are generally encoded with the same underlying software as many cry-ptos. (1)
And the market for NFTs is booming to say the least.
In-vest-ment bank, Jefferies, sees the NFT market reaching more than $80Bn in value by 2025. (2)
The bank raised its market-cap forecast to over $35Bn for 2022 and expects double-digit percentage growth for the next five years.
James Bowden of the University of Strathclyde and Edward Thomas Jones of Bangor University shared last year: “With NFTs, we are probably emerging from the 'peak of inflated expectations' on a journey towards the same 'plateau of productivity' that Amazon reached a long time ago." (3)
As for a decentralized application – or DAPP – it's like a digital app found on any smartphone or laptop, with the additional feature of employing block-chain technology to keep users’ data out of the hands of the organizations behind it. Just like digital currency is decentralized money, DAPPs are decentralized apps. (4)
The block-chain stores copies of its expanding stack of data on a large number of participating computers, known as “nodes,” all at once. These computers are owned by users, not by the creators of the DAPP.
The DAPPs Market size was valued at $10.52Bn in 2019 and is anticipated to reach $368.25Bn by 2027 at a CAGR of 56.1% according to Emergen Research. (5)
The rising demand for fast transaction processes and the benefits of DAPP such as transparency, reliability, flexibility, and scalability are stimulating the global DAPPs Market.
As you can imagine, CraftClouds could be at the knocking on the door of two booming markets.
Could their platform become a household name in the near future?
With NFT marketplace, OpenSea, earning a $13.3Bn valuation in 2022, just imagine if NOHO was able to gain just a portion of that market share. (6)
And right now, NOHO has several potential catalysts to be aware of going into Friday's opening bell.
#1 NOHO Potential Catalyst - Forming And Launching Juicy Music Group, Inc. (Major NFT Implications)
Novation Holdings, Inc. Announces Launch of Juicy Music Group in Collaboration with World Renown Musical Artist, Producer and DJ Robbie Rivera
RANCHO MIRAGE, CA, April 25, 2022 (GLOBE NEWSWIRE) -- Novation Holdings, Inc. (OTCPINK:NOHO) (“Novation” or the “Company”), a multi strategy holding company focused on identifying, developing, acquiring and bringing to market technologies and solutions to the marketplace is pleased to announce that it has formed and launched Juicy Music Group, Inc. (“Juicy Music”) as a partnership and collaboration with world renown musical artist, Producer and DJ, Robbie Rivera. The formation of the Juicy Music Group company marks the Company’s commitment to enhance and expand the Juicy Music label and platform, as previously founded and created by Robbie Rivera, to allow for new talent acquisition, management, and the production and management of new music releases.
Read the full article here.
#2 NOHO Potential Catalyst - Exposure To CraftClouds Could Grow Significantly
Novation Holdings, Inc. Wholly Owned Subsidiary, CraftClouds, LLC, Engages Media Hawk to Lead Digital Media and Marketing
RANCHO MIRAGE, Calif, Feb. 3, 2022 /PRNewswire/ -- Novation Holdings, Inc. (OTCPINK:NOHO) ("Novation" or the "Company"), a multi strategy holding company focused on identifying, developing, acquiring and bringing to market technologies and solutions to the marketplace is pleased to announce that its wholly owned subsidiary, CraftClouds, LLC ("CraftClouds"), has engaged nationally acclaimed full-service marketing company, Media Hawk, to lead it's corporate digital media and marketing initiatives.
Read the full article here.
#3 NOHO Potential Catalyst - An Explosive Chart History Is A Must-See
Need proof? Take a look at this: