In order to create the Meural Opus, a $800 digital picture frame that can show NFTs and link to wallets, wireless provider NETGEAR partnered with SuperRare. In 2018, NETGEAR bought Meural and its smart frame technology. In 2022, the company made a big entry into the NFT market by joining SuperRare’s DAO and cooperating with Metamask. With smart frames expected to expand by 3.1% yearly over the next ten years while the NFT market continues to drop, the launch mixes a rising and a diminishing industry. This is according to Persistence Market Research.
The Meural Opus is more than simply a smart frame with NFT capabilities added; the company’s website teases an upcoming NFT drop inspired by crypto culture and markets the product as a new way to showcase NFTs. Despite the present slowdown, Poppy Simpson, senior product and content manager for NETGEAR’s Meural line, remains optimistic about NFTs‘ future, arguing that the market adjustment is precisely that—an adjustment. She also noted that their study indicates that the pricing and volume trends in the art area of the industry are quite stable.
In other news, SocialScan wants to turn a block explorer, such as Etherscan, into a messaging and following social network where wallet owners may communicate with one another. Furthermore, the Italian soccer team AC Milan offered blockchain-based squares that measure one yard by one yard for sale on its field. Block owners will receive benefits if something noteworthy occurs on their plot. After falling at the beginning of October, NFT volumes have increased for the past four weeks.