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The American business magazine Forbes is Web3-ifying its exclusive membership offerings with a new partnership with the OKX Wallet that fast-tracks user applications to its digital community.&nbsp;
At the center of this collaboration is the Forbes Legacy Pass <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/what-are-nfts-and-why-are-they-revolutionizing-the-art-world" rel="noopener noreferrer nofollow" target="null" text="null">non-fungible token (NFT)</a>, a digital collectible that opens up a token-gated, members-only world for major players, stakeholders and innovators in the Web3 space connect.&nbsp;
<h2 id="strong-forbes-and-okx-align-strong">Forbes and OKX align&nbsp;</h2>
On Aug. 29, the collaboration was announced, making OKX Wallet the only onchain wallet that will offer fast-track application review for the Forbes Legacy Pass, which has a total supply of 1,917.&nbsp;
According to the announcement, OKX Wallet users will have priority applications via OKX drops.&nbsp;
The NFT grants access to “high-profile” in-real-life events, influence on the Forbes Web3, and access to the Forbes Inner Circle, among other benefits.&nbsp;
Forbes chief growth officer Taha Ahmed said the initiative highlights the publication’s commitment to “fostering innovation” while providing their community a platform to engage with and contribute to it.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nft-securities-sec-wells-notice-opensea-lawyer-response" rel="noopener noreferrer nofollow" target="null" text="null">NFTs can be securities but SEC Wells notice to OpenSea ‘not productive’ — Lawyer</a>
Forbes has been actively building out its presence in the Web3 space through collaborations with some of the industry’s most well-known players. On Aug. 28 it announced another digital collectible, which it calls the “INSPIRE” collection, as an addition to the Base network’s Onchain Summer event.
On Aug. 21, it partnered with Optimism for the network’s award show “The SUNNYs,” which recognizes onchain artists, developers and community builders in the Superchain ecosystem.
<h2 id="strong-web3-and-real-life-strong">Web3 and real life</h2>
A major theme in Forbes’ Web3 partnerships is the utilization of tools in the space to create bridges between real-life events and communities and the digital space.&nbsp;
Its OKX Wallet collaboration highlights the utility of NFTs for being a digital asset unlocking both digital and physical spaces.&nbsp;
NFTs have been a staple in the Web3 space for making connections; however, their popularity is a topic of concern.&nbsp;
Recent data on trending NFTs that previously had millions of dollars of worth <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/cryptopunk-nft-sale-market-decline" rel="noopener noreferrer nofollow" target="null" text="null">have seen significant downturns</a> as market investments shift, prompting some to call it the beginning of the end for NFTs.&nbsp;
Nonetheless, data from Aug. 26 revealed a little light at the end of the tunnel for NFTs with a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nft-weekly-sales-surge-top-blockchains" rel="noopener noreferrer nofollow" target="null" text="null">rebound in weekly NFT sales volume</a> across major blockchains, with Polygon leading the pack with a 123.20% increase.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/lot-going-on-with-nfts-rd-24-hours-of-art-nft-creator/" rel="noopener noreferrer nofollow" target="null" text="null">NFT Creator — ‘No matter how bad it gets, there’s a lot going on with NFTs’: 24 Hours of Art</a>

Forbes launches NFT-gated member community with OKX wallet

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