Non-fungible tokens (NFTs) seem to have exploded in popularity over the past year with seemingly simple cartoony digital art selling for Millions. You might be wondering....What's this NFT thing that I keep hearing about recently? How could a png file of a grey pet rock (EtherRock) sell for $608,000? Really... HOW CRAZY IS THAT? Well it wasn't crazy for Justin Sun who spent over $500,000 for the digital pet rock. How could a tweet sell for close to $3 Million Dollars? Welcome to the world of NFTs. It seems that NFTs are here to stay and the craze is going nowhere. Big corporations, Sporting teams, Musicians, Tech giants, and celebrities are taking note and are eager to get in on the action.
So what exactly are NFTs?
NFTs can be anything digital whether your music, drawings, videos, sport highlights, Gifs, internet memes, collectibles, articles, digital art and even Your Tweets ! Yes you heard that right, the founder of Twitter, Jack Dorsey sold his first ever tweet for a whopping $2.9 million. According to Wikipedia, A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs are described as a one of a kind, unique, digital asset that cannot be replaced with something else. Let me see if I can explain this a bit better. A Bitcoin is fungible and a Dogecoin is fungible, which means you can trade one Dogecoin for another Dogecoin and you’ll have the exact same thing. One Dollar is always One Dollar. However with non fungible tokens, nothing is of equal value. The NFT technology allows buyers to own something completely original, with built-in authentication technology to verify your ownership.
So why would anyone spend millions of dollars on a digital image of something they could easily copy, download or screenshot from the internet for free? Well the simple answer is that an NFT allows the buyer to own the original item and there is built-in authentication, which serves as proof of ownership.
NFT Projects are launching daily with some of the most popular and most successful projects being Crypto Punks, Crypto Dads, CryptoKitties, Pudgy Penguins, Bored Ape Yacht Club, Ether Rock, just to name a few. Sales of CryptoPunk non-fungible tokens (NFTs) soared to record levels over the past few months and Visa apparently paid $150,000 for its very own CryptoPunk. Even Visa is getting in on the NFT action. When you think the NFT Craze couldn't get any crazier, a unique set of 101 Bored Ape NFTs....DIGITAL CARTOON APES sold for a staggering $24.4 million. And Get This..... Today, if you want to get your hands on one of the cheapest cartoon ape, you're going to need at least $149,000. No, you are not dreaming! This is Real NFT Life.
Top celebrities like Snoop Dogg, Steph Curry, Paris Hilton, Mark Cuban, Shawn Mendez, Eminem, and Lindsay Lohan, Logan Paul, Ja Rule, are just a few embracing NFTs and jumping in on the NFT craze.
One of the biggest problems in the adoption of NFTs is how technical or complicated NFTs can be. The average person is having a hard time understanding what this NFT thing is. People are fascinated by NFTs, but they don't understand the technology and they think its just one big joke. They are hesitant and they won't participate in something that they don't understand. Many are curious and may be interested but they don't understand the terms and the jargons of the Blockchain Ethereum NFT space. While there are NFTs that may definitely be of no value or use there are certainly others out there that are legitimate with great potential with a great team behind it.
Our NFT writers/copywriters can simplify your information making NFTs more understandable to the average audience. If you have an upcoming NFT project, we can help you create easy to understand content to educate the masses about your project or the NFT space in general. If you have an existing NFT project we can also create engaging fun informative copy for your audience. You need easy to understand consistent content to educate and grow your community, and our writers can help you do just that.
If you're ready with work with us, whether to generate a buzz or educate the masses about your NFT or Crypto project, feel free to contact us below.