An NFT, or Non-Fungible Token, is a unit of account that can create a digital impression of any unique item.
Among them, there can be different types of art, which include paintings, photographs, videos, music, charts – in a word, any content that claims to be at least some kind of uniqueness.
They are highly valued among various industries, for example, gamers and art lovers. Works can also be viewed for free in a chart.
NFT has become the buzzword of 2021, and it looks like interest in this topic will only grow as people invest their virtual coins (a coin may cost really much) in this place with particular interest.
This type of marketplace is already announcing various innovations and attracting investors, and artists and musicians are starting to show more and more interest in a new and trending niche.
The most popular include such websites as OpenSea, Juggerworld, and Rarible.
Since NFT has become quite popular in 2021, people have started to earn really big money from their artwork; top NFT Collections are getting bigger.
Now even designers have started using NFT images in their virtual projects, and many popular brands are increasingly turning to this area.
These brands include Nike, Coca-Cola, Gucci, and others. For their part, the musicians also appreciated this platform because it is here that young and talented musicians are selling their works by piece and someone is buying it for good money, and also thanks to this, the whole world can learn about them.
The Best NFT Collections
If we talk about famous NFT projects, we can mention Hashmasks, launched in January, is a living collection of digital art from 70 artists from around the world. Together they were able to sell their unique projects and earn $16 million from it.
The most expensive Hashmasks is the portrait of a mystical demon. It was sold for 650 thousand dollars. The uniqueness lies in the fact that initially, the picture does not have a name, the name of the picture gets when the new owner buys the picture.
Next, an equally interesting project from famous NFT collections, that is famous even from the news, where people can buy virtual homes for real money. This project is called Decentraland.
As in the real world, the cost of virtual land depends on its location: the closer it is to popular areas, the higher the price. Also, due to the fact that celebrities joined the project, the cost of territories near their website began to cost many times more.
One of the most famous and successful collections can be called BAYC (Bored Ape Yacht Club). This is the biggest collection of bored monkeys, which popular personalities Jimmy Fallon, Post Malone, and Eminem have already acquired.
Each monkey is unique; each has its own clothes, headdress, and facial expression. Also, the top NFT collections include CryptoPunks, Axie Infinity, and NBA TopShot.
Last March, auction house Christie’s sold the electronic painting Everydays: The First 5000 Days by the artist Beeple and its NFT token for $69.3 million. This non-fungible token is considered the most expensive in history.
In the end, we can summarize that the NFT platforms are quite popular now, both with ordinary users and among young talents who are interested in top NFT Collections.
The development of the platform does not stop there; now it is to start to gain even more popularity, and new NFT collections are being created now. Therefore, the future belongs to the NFT.