NFT.NYC, one of the world’s largest non-fungible token events, is preparing to open its doors for a fourth year, to celebrate the diversity of NFTs across 16 sectors, including art, film, sports and ticketing.

Held June 20-23 in New York City, this ground-breaking event will be a global melting pot for everyone in the NFT world, featuring 1,500 speakers across panels, talks, side talks and hundreds of pop-up events. Attendance numbers are expected to rise from 5,600 last year to more than 15,000 this time.

Cointelegraph spoke to Jodi Rich, co-founder of NFT.NYC, and Quinn Patton, its vice president of growth, to hear more about their expectations for the New York event. They also discussed how current market conditions could affect the momentum of the NFT movement and the technical conversations that it fosters.

With a conscious focus on prioritizing society’s desires over brands or companies, the NFT.NYC team selected 221 emerging international artists from a pool of 5,000 applications to display their work on the Times Square Billboard and throughout the Marriott.

After the event, these artists will have the opportunity to mint their work at a price of their choice and retain 75% of the total revenue generated from initial and subsequent sales. Specific details regarding the purchase will be announced.

Speaking of the diffuse community of NFT fanatics set to converge in the Big Apple, Rich proudly shared that it is a “very diverse and eclectic audience”:

“Our goal is to give the community a voice. That’s what we wanted to do from the start. We’re not a celebrity-seeking event – we want the community to feel like this is a place where they can be on stage and talk to the rest of the community.”
Perhaps this resolute intent to empower youth and passion for a platform is most appropriate by introducing non-conferences – an impromptu and unscheduled stage that welcomes all guests for 10 minutes to share their ideas and visions for the space.

Related: We’ve seen mainstream adoption of NFT art starting in 2021, says NFT.NYC co-founder Cameron Bell

Ether (ETH) is arguably the most well-integrated asset in the NFT space, yet it is precariously holding the $1,200 price level at the time of writing, having already fallen 35% over the week.

This drop had cascading consequences on price floors and buying sentiment for leading NFT groups – most notably, portrait projects – dumping space in the opening bear market.

Speaking about the potential impact this ordeal could have on the public narrative, Rich was careful to express that art is the primary benefit of NFTs and that his enthusiasm remains for the relationships and friendships that will be forged in the event—particularly, for example, those during Moments of chance in informal conversations in the line and between speakers at the same stage.

Button agreed with the assessment that a myriad of use cases for the facilities would be shown across all different sectors, highlighting music as one to watch:

“I think one of the interesting benefits of NFTs is how it will disrupt the music industry, whether it’s equity or merchandise or generate new revenue streams to truly connect musicians with their fans.”
Operations for Good NFT has seen a rapid acceleration into the spotlight this year, particularly in support of humanitarian relief efforts in Ukraine and cultural diversity agendas.

At NFT.NYC, topics in the field—such as sustainability, mental health, wellness, and philanthropy—will be highlighted via 28 panel discussions and talks at the Edison Ballroom South hosted by Chingari June 21-22.

Cointelegraph Chief Correspondent Rachel Wolfson will host a 15-minute talk on June 22 titled “Breaking the Boys’ Club Culture in Crypto: How NFT is Bringing Women to Web3” at the Edison Ballroom Main.

Source: CoinTelegraph