Blockchain

The biggest NFT trends in 2021

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According to a recent report by Cointelegraph Research, the number of non-fungible tokens (NFTs) sold this year may be eclipse 18 billion U.S. dollars. From artwork, music and game characters to videos and photos, these minted blockchain digital asset ownership certificates are highly sought after by collectors, investors and philanthropists. They can also be freely traded on decentralized NFT platforms such as OpenSea. Without further ado, let us look at the biggest trends in the development of the NFT field.

1. Celebrities and contemporary NFTs

Of course, it ranks first this year, because the entertainment industry has no shortage of NFT drops and cooperation. Highlights include a drop in Mila Kunis’ Stone Cats NFT, which sold out in about 35 minutes and caused the price of gasoline on the Ethereum blockchain to spike to process transactions.

In November, the rapper and songwriter Snoop Dogg auctioned off a 3D collage composed of 10 different Portraits of yourself in different stages In his career, he won the bid Forehead To 188 ETH (approximately 700,000 USD). In mid-December, NBA star Kevin Durant announced that his company’s 35th venture capital had established a partnership with Coinbase. Cooperation NFT drops.

Then, director Quentin Tarantino announced the auction Seven Unedited Scenes in Pulp Fiction As an NFT built on a privacy-oriented secret network.However, Tarantino may have too much interest in joining the hype, because the production company Miramax filed a lawsuit against Tarantino Suspected copyright infringement From his NFT sales.

However, as directly evaluated by crypto enthusiasts, the most popular NFTs are those featuring “pixelated punk” created by the artist Crypto Punks.The group currently hold The highest-selling 750,300 Ether on OpenSea.io (Ethereum) Value digital art traded since its establishment in 2017 (today’s price is approximately US$3 billion).Their success also Attract partners and deals and Hollywood’s top agent.

2. Play-to-earn NFT game

NFT means more than just showing. Axie Infinity, a blockchain game, involves players dueling or non-playable characters, and using in-game creatures called Axies to complete daily tasks. Each Axie is a unique NFT that can be bought and sold on the Ethereum blockchain. The casting of Axie NFT is called reproduction in the game, and the rare Axie has better statistics, and subsequently costs more.According to its official market, the total trading volume of Axies in the past 30 days quantity More than 125,000 ETH, or about 500 million US dollars.

In addition, players can purchase virtual land NFTs in the game. In addition to having abundant resources, this kind of digital real estate also represents the location of monsters and bosses.This The most expensive Axie Infinity land ever Last month, 550 ETH ($2.3 million at the time) occurred.

Another popular option is NFT Fantasy Football Game Solare. Through Sorare, players can manage their football team through the digital player NFT card. According to its CEO Nicholas Julia, more than 500,000 players have organically joined the platform without marketing efforts.

3. Metaverse NFT

The development of Metaverse, a digital field that includes 3D augmented reality, has been receiving attention since Facebook changed its name to Meta Come back in October. NFT plays a key role in Metaverse to ensure the uniqueness of virtual assets such as player avatars. In a statement, Vishal Shah, head of Metaverse product at Meta, said the new platform “will make it easier for people to sell limited educational digital objects such as NFTs, display them in their digital space, and even resell them safely to the next one. people.”

Now, there is a huge 21 level Skyscrapers built in Metaverse A tribute to up to 21 million Bitcoins by Bloktopia (Bitcoin) Can be created.Well-known consumer brands such as Adidas and Nike Also entered Metaverse and cooperated with contributors to develop NFT artworks for their namesake brand.Most importantly, the developers of the virtual metaverse game Sandbox Hope to defend the field from the threat of large-scale technological monopolies.

Bloktopia game screenshots. Source: Bloktopia

4. NFT charity

In 2021, the number of charities accepting cryptocurrency donations will increase significantly.Giving Block, a platform that facilitates such transactions, received donations Soared to more than 100 million U.S. dollars This year, by comparison, the full year of 2020 will be 4 million U.S. dollars. The company is cooperating with the NFT platform, so part of the auction proceeds can be directly used for encrypted non-profit organizations, and direct NFT donation is a possible future development route. In the United States, investors can directly deduct their charitable donations from their ordinary income, usually within a few years, so as to achieve a win-win situation.

However, philanthropy in the NFT field is much more than that.So far, NFT auctions have helped raise enough funds to Build a school in Uganda and support Frontline medical staff. In 2022, the upcoming NFT auction will help Contemporary artists with developmental disabilitiesAt the same time, the proceeds of the other person will be donated to the charity chosen by the former Italian royal family.

Cryptocurrency review on Tuesday.Source: give block

5. NFT World Art

For traditional art, artists must travel the world to participate in exhibitions and auctions to promote their works-a privilege that only those with sufficient capital enjoy. However, with the rise of the decentralized NFT market, anyone around the world can cast, display, and sell their art with very little start-up capital, thereby connecting cultures around the world.

Two notable places are Melanated NFT Gallery and Mongol NFT. Melanated NFT Gallery exhibits contemporary African and Latin art works such as landscapes, photos of jazz icon Miles Davis, DJ music, guitar audio, trading cards and other music. At the same time, the Mongolian NFTs platform contains NFT images of nomadic grasslands in the pastoral areas of the country of the same name and their history, traditions and customs described by Mongolian artists. It has over 100,000 registered users and 1.5 billion Mongolian Tugrik (550,000 USD) in sales.

NFT art by Mongolian artists. source: Mongolian NFT