What is Crypto Art, Why Should I Care, and What Makes It So Insanely Cool?
What’s an NFT ?
NFTs, also known as Crypto Art, are a new type of merchandise or collectible. Unlike other merchandise, they only exists digitally — NFTs are stored as tokens on a blockchain.
This enables profound new use cases — for the first time, an item that is purely digital can be scarce and hold real value.
Many NFTs are worth hundreds, or even thousands, of dollars.
Why should you care?
The market for NFTs is growing incredibly quickly. And just like sneakers or paintings, NFTs can trade up quite a lot in value once initially sold.
This NFT originally sold for $40, but has resold on the secondary market 15 times, for an average resale price of $584.29.
Some have incredible secondary market activity, some have offers made on them constantly, but their owners refuse to sell.
People collect NFTS for the same reason they collect anything else — collecting is a lot of fun.
The Nifty Gateway marketplace is littered with examples of popular NFTs — browse through to find some!
The record NFT sale on Nifty Gateway was a $55,555 sale for a 1/1 NFT, sold to Pablo Rodriguez-Fraile, of the Museum of Crypto Art — you can see some of his collection at https://niftygateway.com/@pablo.
People buy NFTs on many different platforms.
Nifty Gateway is a platform that partners with your favorite artists, brands, and celebrities to launch exclusive drops of rare, valuable NFTs which trade up in vale.
Check out our Twitter and our Instagram to see more of what we have going on.
Buying an NFT for a brand is one of the best ways to connect with them. Buying a brand’s NFT is buying a piece of that brand.
NFTs hold real value and reflect a brand’s popularity over time. If a brand grows its audience 10x within the next 5 years, the brand’s original NFTs will be worth way more.
What does this mean for me?
NFTs are the future. They are cool, awesome, and incredibly fun. It’s super easy to get started — sign up to be notified about the drops so you can get started collecting today!
The drops get pretty hyped:
Welcome to the magical world of NFTs. See you at the drops!
