The market for non-fungible tokens, Metaplex, hired a new CEO and appointed an advisory board made up of some of the most influential voices in the crypto space. paves the way for the continued growth of the Solana-based project.
Adam Jeffries, A developer who has made stops at Google, Amazon, Citadel and Kaggle has been named CEO of Metaplex Studios, the company said on Wednesday. At his side is a new advisory board, to which the blockchain streaming platform Audius, CoinShares Chief Strategy Officer, Meltem-Demire, the co-founders of Cultur3 Capital, Alex Yamashita, Mark Streeter and Rolf Höfer, and the product manager of Phantom, Chris Kalani. They complete the advisory group Steve Irby, Co-Founder of Street Dreams Magazine and Dylan Macalinao, from Saber Labs.
Metaplex launched on the Solana blockchain in June this year and has since driven $ 385 million worth of transactions in NFT sales. Projects like “Epee Monkey Academy “ and “Aurory” generated considerable adoption during their respective NFT auctions in September.
NFT sales soared to an all-time high this year, becoming one of the most talked about sectors within the blockchain and cryptocurrency industry. Revenue exceeded $ 2.5 billion in the first half before breaking a record $ 4 billion for a single month in August.
Despite impressive growth in its first three months of operation, Metaplex is lagging behind other leading NFT markets in terms of sales volume. OpenSea remains the largest NFT platform, according to DappRadar. Axie Infinity, CryptoPunks, SuperRare and NBA Top Shot round out NFT’s five most important markets.
Due to increased demand, venture capital funds were keen to support promising NFT markets. Recent data from Dapper Labs shows that projects focused on tokenized sports collectibles grossed nearly $ 1 billion in a week, with Sorare accounting for $ 680 million.