Entering the NFT Market
The next stage of the ASSEMBLE Protocol’s development
The ASSEMBLE Protocol is a blockchain-based global point integration platform that exploits ASM utility tokens, whilst establishing a business ecosystem that can integrate, utilize existing points and miles with point providers, consumers and retailers.
Hello, dear readers! Today we’re going to investigate the NFT market. We’re sure you’ve heard a lot about NFTs over the past year. They are completely unique digital assets that can be almost anything from actual digital art to tweets! The ASSEMBLE Protocol is also interested in this market and will be collaborating with its partners to create NFTs. Read on for more details about this exciting development!
NFT
The term, “NFT” has gone viral in 2021. Everyone from celebrities to investors have been talking about them. So what are they? Well, simply put, NFTs are digital assets that have their own value and can be anything from artwork to real estate to any kind of digital content. NFTs are based on blockchain technology so all transactions can be tracked, but they cannot be duplicated. Through this, fans can own their favorite artist’s content as an irreplaceable original. NFTs are considered a one-of-a-kind asset.
The NFT market is growing rapidly. Compared to 2020, the value of the NFT market has tripled in size, and the current NFT market has exceeded USD 250 million. In the first three months of 2021, more than USD 200 million worth of NFTs were distributed in the market. The growing popularity of digital assets has led to a surge in the economic value of NFTs in the cryptocurrency market. The value of NFTs is currently growing in tandem with the demand for cryptocurrency.
NFTs & ClubPass
All kinds of celebrities and influencers have recently been creating NFT items on large platforms. ASSEMBLE also plans to enter the NFT market through collaboration with its core partner ClubPass. Following trends in the NFT market, NFT items will be created by DJs registered with ClubPass. We are committed to continuing to update the ASSEMBLE Platform so that fans can trade and utilize those NFT items any time, anywhere. Through these NFT items, a large number of DJs and users will be able to freely communicate and interact with each other, which will continue to expand the ASSEMBLE ecosystem.
It’s exciting to think about where these updates will lead. The ASSEMBLE team is always looking ahead to the next opportunity and NFTs seem like the logical next step. We hope this article has been enlightening for you. See you next time!
