4 Popular Things Sold in the Form of NFT
Recently, NFT or Non-Fungible Tokens have become a trend, such as when Jack Dorsey sold his tweets when Twitter first appeared which were valued at US $ 2.9 million or Rp. 41 billion. This big advantage makes NFT much sought after and traded like a work of art with a high price.
Here are some of the things that are popularly sold on NFT:
Artwork is the most popular form of NFT. The NFT concept is a prime opportunity for artists to sell their best work online as if it were physical.
Currently, many of the most expensive NFTs are works of art. According to Luno, the most valuable NFT ever sold was called “EVERYDAY’S: THE FIRST 5000 DAYS” by the famous artist Beeple. This work sold for $69 million.
This also applies to video artwork. Short videos and even GIFs have sold like hotcakes for millions of dollars.
Also high on the NFT spectrum is music. Over the past few decades, music has been recorded and distributed on recorded, cassette, CD, and digital formats.
However, a number of musicians and DJs have been selling their work as NFTs in recent times, earning some of them millions of dollars in a matter of hours. Musicians typically only pocket a fraction of the money they make from their music because of streaming platform cuts and record label cuts.
3. Video Game
Items Another frontier in the NFT space is with video games. The company does not sell the entire game as NFT. Instead, they will sell in-game content, such as skins, characters, and other items.
Currently, millions of copies of DLC assets are sold to players, but NFT assets will be unique and exclusive to a single purchaser. Developers can sell the regular DLC, but then sell the limited edition version on the NFT marketplace.
4. Trading Cards/Collections
NFT can be thought of as a digital trading card. As with limited edition baseball cards selling for thousands of dollars, that’s what the NFT market is like, not much different.
People can buy and trade virtual versions of trading cards on the market and store them just like keeping real ones. And, like the original, some can sell for well over a million dollars.
Companies can sell all kinds of collectibles on the NFT marketplace, not just trading cards. If it’s something you think is collectible, it can be thrown on the market.