What are NFTs Monthly Update (May)

Key Takeaways

• Dubai’s Museum of the Future collaborated with Binance NFT to launch some of the most artistic and well-developed NFTs in the Metaverse. Omar bin Sultan Al Olama, Minister of State for AI, Digital Economy, and Remote work Applications said that the Museum of the Future’s partnership with the world’s largest crypto and blockchain ecosystem players made a great contribution toward Dubai’s plan to set up an international digital asset ecosystem.
• Robinhood launched its cryptocurrency wallet in 2022 and has announced the development of a secondary crypto wallet, this time a non-custodial one that’d allow crypto owners to manage their assets using private keys.
• The crypto and NFT world has been shaken by the collapse of Luna and UST, which triggered a mental health crisis for investors and disbelief in the safety of crypto. New NFT auctions of big-name artists such as Beeple and Madonna have flopped due to their fall.