NFTs are special cryptographic tokens that represent a digital or physical asset in an indivisible, irreplaceable, and unique way on a blockchain.
With NFTs, uniquecollectibles become tradable quickly and easily. This is creating a multi-billion dollar market with trading venues for digital art, memes, global brands, e-sports, luxury goods, and items from online games.
The collage “Beeple” consists of 5,000 individual images and was auctioned as NFT for 69 million US dollars and revolutionized the art market. Characters of the online game “Axie Infinity” have already been traded for $4 billion.
With NFTs, a new kind of cultural and economic phenomenon is emerging. For example, the number of NFT buyers increased from 44,000 in 2019 to 2.3 million in 2021.
Would you like support with your NFT project?
– Take advantage of our free initial consultation