{"id":2056,"date":"2022-02-21T13:29:25","date_gmt":"2022-02-21T13:29:25","guid":{"rendered":"https:\/\/xtremetechnologies.net\/blog\/?p=2056"},"modified":"2023-10-23T21:05:42","modified_gmt":"2023-10-23T21:05:42","slug":"what-is-truly-exciting-in-nfts-why-they-appeal-people","status":"publish","type":"post","link":"https:\/\/xtremetechnologies.net\/blog\/what-is-truly-exciting-in-nfts-why-they-appeal-people\/","title":{"rendered":"What is Truly Exciting in NFT\u2019s? Why They Appeal People?"},"content":{"rendered":"<p>What&#8217;s truly interesting is the technology&#8217;s potential and where it can lead us in the future.<\/p>\n<h2>What&#8217;s NFT Hype These Days?<\/h2>\n<p style=\"text-align: justify;\">These days, NFTs are all the rage. At first look, they appear to be a harmless viral trend, with collectors changing their profile images to bright miniature avatars, such as the $280,000 Serena Williams CryptoPunk pin Alexis Ohanian wore to the Met Gala.<\/p>\n<p style=\"text-align: justify;\">Wait a minute, a $280,000 pixelated cartoon? NFTs may be worth investigating further.<\/p>\n<p style=\"text-align: justify;\">NFTs are gaining traction among non-celebrities as more financial planners learn about them. As a result, it won&#8217;t be long before clients inquire about incorporating NFTs into their portfolios.<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/XSIzQdrcvWc\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h2><\/h2>\n<h2 style=\"text-align: left;\">NFT Tokens<\/h2>\n<p style=\"text-align: justify;\">A non-fungible token is a one-of-a-kind token associated with a particular asset. The phrase &#8220;non-fungible&#8221; refers to the fact that NFTs cannot be traded for other NFTs. For example, you can swap bitcoin without losing value, but not one NFT for another. Each NFT is a one-of-a-kind item with a specific value. Because NFTs are one-of-a-kind, they are incredibly precious. There are particular platforms for buying\u00a0NFT tokens.\u00a0However, these platforms include\u00a0coinbase, opensea, Rarible, SuperRare.<\/p>\n<p>&nbsp;<\/p>\n<h3>How much are NFTs Worth?<\/h3>\n<p style=\"text-align: justify;\">Well, anyone can tokenize their work and sell or auction it as an NFT, but recent headlines about multi-million-dollar purchases have piqued attention.<\/p>\n<p style=\"text-align: justify;\">An animated Gif of Nyan Cat, a 2011 meme featuring a flying pop-tart cat, auctioned for almost $500,000 (\u00a3365,000) on February 19.<\/p>\n<p>&nbsp;<\/p>\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\">Read Also: <a class=\"row-title\" href=\"https:\/\/xtremetechnologies.net\/blog\/what-is-nft-art-finance-and-how-to-buy-nftart-finance\" aria-label=\"\u201cWhat is NFT Art Finance and How to Buy NFTART Finance?\u201d (Edit)\">What is NFT Art Finance?<\/a><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">Grimes sold some of her digital paintings for more than $6 million a few weeks later.<\/p>\n<p>Art isn&#8217;t the one thing that is being tokenized and actioned. With bids reaching $2.5 million, Twitter CEO Jack Dorsey has sponsored an NFT of the first-ever tweet.<\/p>\n<p>Christie&#8217;s auction of a digital <a href=\"https:\/\/www.wsj.com\/articles\/artist-beeple-sold-his-nft-for-69-million-cryptocurrency-christies-digital-art-11624536293\">artist Beeple&#8217;s NFT for $69 million<\/a> (\u00a350 million) set a new high for digital art.<\/p>\n<p>Sorare, a French company that offers football trading cards in NFTs, has raised $680 million (\u00a3498 million).<\/p>\n<p>However, as with crypto-currencies, there are concerns regarding the blockchain&#8217;s environmental impact.<\/p>\n<p>Clem will sell the famous meme &#8220;side-eyeing Chloe&#8221; as an NFT.<\/p>\n<p>&nbsp;<\/p>\n<h4>Wrapping Up<\/h4>\n<p style=\"text-align: justify;\">You might wonder why anyone would buy an NFT as you try to wrap your head around the strange and mystical world of non-fungible tokens. There are several reasons why folks with extra wealth choose to invest. The reasons include Scarcity and collectability.<\/p>\n<p>So are you ready to follow NFT trend? Let us know in the comments.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What&#8217;s truly interesting is the technology&#8217;s potential and where it can lead us in the future. What&#8217;s NFT Hype These Days? These days, NFTs are all the rage. At first look, they appear to be a harmless viral trend, with collectors changing their profile images to bright miniature avatars, such as the $280,000 Serena Williams [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5,260],"tags":[366,367,363,365,364],"class_list":["post-2056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-internet","category-nfts","tag-exciting-nft","tag-interesting-nft","tag-nft-hype","tag-nft-tokens","tag-nfts-worth"],"_links":{"self":[{"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/posts\/2056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/comments?post=2056"}],"version-history":[{"count":8,"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/posts\/2056\/revisions"}],"predecessor-version":[{"id":3594,"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/posts\/2056\/revisions\/3594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/media\/2057"}],"wp:attachment":[{"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/media?parent=2056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/categories?post=2056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xtremetechnologies.net\/blog\/wp-json\/wp\/v2\/tags?post=2056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}