Daily Poll: NFT, a tech-driven trend or hype?

With the rising market growth of non-fungible tokens (NFTs), more projects are launching into the NFT marketplace. In August, the digital marketplace OpenSea recorded over $3.4 billion in transactions across 1.67 million non-fungible tokens. In July, its sales reached $325 million, following less than $150 million in June. The exponential growth corresponds to a shift in NFT content being auctioned, which may impact the development of digital strategies by brands and sports entities.

Briefly speaking, the current application of NFT is selling the ownership of "illustrations& gif". One can "own" popular pictures on the internet through an auction.

What is NFT

Famous meme NFT Nyan Cat sold for 300.00 ETH (about $590,000) in an online auction.

Daily Poll: NFT, a tech-driven trend or hype?

Take a look at the prototype of dogecoin. The iconic Doge meme NFT, which was sold for a massive $4 million back in June, made history by becoming the most expensive meme NFT ever sold.

NBA star Stephen Curry has just recently shelled out 55 ETH ($180,000 USD) for a Bored Ape Yacht Club NFT.

NFT is like investing in a trend, no one can define its value, and no one is able to foresee how long will it stay popular. As the old saying goes: "What I know is I know nothing".

Source:
Bored Ape Yacht Club Artist Is Launching a Community of NFT Vampires - Sneaky Vampire Syndicate

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