6 Innovative & Exciting NFT Trends Happening Right Now!
As we round up the last quarter of 2021, NFTs aren’t showing any signs of slowing down. In the third quarter of 2021 alone, the total sales volume of NFTs surged to a whopping $10.7 billion — that’s up eight times the previous quarter, according to DappRadar.
However, like any industry, as the demand for non-fungible tokens (NFTs) continues to skyrocket, new emerging trends are hitting the market, and shaking up the entire outlook. In this insight-packed article, we will get you up to speed about the main trends in a matter of minutes.
Meme Generation
Memes aren’t missing the NFT train. Today, several individuals whose memes have become famous are cashing in through NFTs. A good example is Chloe Clem, a sensational 10-year old who is now selling her viral memes at NFT auctions for thousands of dollars. He recently sold Nyan Cat, a short cartoon video clip of a flying cat for around $516,000 at the time of the auction
NFT Gaming
NFTs are already changing the gaming world, “returning the power to gamers.”. As an ardent player, you can now convert the items you earn in a game into tradable assets. That means, you now have actual ownership rights and can even trade the items for money. Today, more and more gaming development companies are moving to blockchain to create a more immersive gaming experience for players. Among the games that currently allow players to earn NFTs while gaming includes Axie Infinity, Alien Worlds, Gods Unchained, and The Sandbox 3D.
NFT Avatars
Do you love creating Avatars for your profile on social media channels? Well, you can now sell your avatar as a non-fungible token. Digital creators who gain entry at the Bored Ape Yacht Club (BAYC) can sell their avatars at a flat rate of 0.08 ETH each.
Digital Art NFTs
Digital art NFTs are arguably the most lucrative in today’s market. Artists like Mike Winklemann, popularly known as Beeple became a millionaire overnight who sold an NFT piece for nearly 69 million. Until October 2021, Beeple’s digital prints could hardly fetch $100 in open marketplaces. This shows that it’s possible to make it in the NFT landscape, given the talent of course.
Gemifi
Gamifiable NFTs are also taking the industry by storm. Don Hoffman recently developed Loot, an NFT-driven project based on collecting fantasy weapons and war equipment. The resale for these collectibles is going as high as $945,000 a piece. Other Gemifi projects emerging in the industry include Bloot and the N Project.
Sport Collections
Sport collections are moving from traditional collectable cards to NFTs. For instance, NBA Top Shot debuted with sales clocking $700 million in one year alone. The highest-priced NBA Top Shot, featuring a dunk from LeBron James fetched $230,023 just recently.
NFTs Are Here to Stay
We are moving into a fully digitalized world and NFTs are here to help millions of talented creators earn a fortune through their work. In fact, we at SpaceSeven have even greater ambition for the utilization of NFTs that move way beyond the above mentioned list. We see it as an amazing opportunity to bring the physical and digital worlds together in ways that are only limited by our imaginations. The SpaceSeven marketplace will be launched on the 23rd Nov 2021, and will welcome all forms of art, music and video. We will also be branching into collectibles and other asset classes in the very new future.
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