NFTs (Non Fungible Tokens) are Exploding in popularity at the moment, with many people considering getting there own. While that is possible for some cheap NFTs, there are others that people may not be able to acquire because they cannot afford the large price. Below are three NFT collections that have sold for over a Billion dollars each.
Art Blocks :
Art Blocks is a strange NFT Project where the buyer doesn't know what they are receiving beforehand. Instead using technology the buyer becomes the one who creates and stores the digital asset on the Blockchain. While this can seem confusing, the project has generated approximately 1.3 Billion dollars in sales so far.
NBA Top shot :
The NBA Top Shot NFT project has made approximately 1 Billion in Sales so far. It offers officially licensed NFTs that show influential moments from the North American Basketball league. These are sold in packs of three in a similar way to how trading cards are sold.
Axie Infinity :
Axie Infinity is an NFT project that has generated a whopping (approximately) 4.1 Billion dollars in sales. It's a video game where players create and collect Axie, which is a form of digital pet.
My Opinion :
As we can see from the projects above, NFTs aren't just art created by professionals. It can be a whole host of things. So remember when acquiring your own NFT that you have a lot of options.
You should also remember that not all NFTs will hold their value, so don't spend a lot of your personal money on it, unless you are willing to risk losing that money.
If you were to purchase an NFT, what type would you buy. Tell me in the comments section and follow for more lifestyle news as it happens.
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