USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MVR

MWK

MXN

MYR

MZN

NAD

NGN

NIO

NOK

NPR

NZD

OMR

PAB

PEN

PGK

PHP

PKR

PLN

PYG

QAR

RON

RSD

RUB

RWF

SAR

SBD

SCR

SDG

SEK

SGD

SHP

SLL

SRD

SSP

STD

STN

SVC

SYP

SZL

THB

TJS

TMT

TND

TOP

TRY

TTD

TWD

TZS

UAH

UGX

UYU

UZS

VES

VND

VUV

WST

ZAR

ZMW

ZWL

NewsBTC 2021-07-26 17:17:48

Are NFTs Dead? New Game Changing Trends

NFTs have proven to be the darling of the blockchain. With notable artists, musicians and even sports stars releasing their own private pieces and collections. The most notable milestones were the Beeple piece, THE FIRST 5000 DAYS, which was auctioned off at Christie’s for $69 million. This proved to be a turning point for digital art and NFTs, which had gone from a place of digitized meme’s like Jack Dorsey’s first Tweet, gifs and songs, to an awakening of modern art, More than just collectible, this was a way that the art world could display more pieces to more people. It took art away from the few, where a piece attached to someone’s wall could now be viewed by millions of people in a digital gallery. However, NFTs hit a bump in the road. The news hit hard about how the minting of one single NFT could consume the same amount of energy as a household in the EU would use over the course of a full month. This marked a turning point for NFTs, with critics claiming that NFTs were bad news. And yet, despite the critics, according to Reuters, the market for NFTs surged to new highs in 2Q21, with $2.5 billion in sales so far, compared to just $13.7 million in the first half of 2020. And still, sales volumes are skyrocketing as OpenSea, a leading NFT marketplace, reports monthly sales volumes reaching a record high in June. There is, however, so much more to NFTs than meets the eye. This is an age where...

Related News

Why is Cardano Price Falling Today? Experts Predic...
07 Apr 2025
Bitcoin Price Drops to 4-Month Lows—Could It Fall...
07 Apr 2025
Dogecoin Price Prediction 2025, 2026 – 2030: Will...
07 Apr 2025
WazirX News: 93% Users Back Recovery Scheme; Delhi...
07 Apr 2025
Cardano Price Prediction 2025, 2026 – 2030: Will A...
07 Apr 2025
Stock Market Crash, Gold Price Tanks, Crypto Follo...
07 Apr 2025

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Are NFTs Dead? New Game Changing Trends

Most Read News

Related News