NFTs as the digital answer to valuable

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Instead, their purchase of the original digital asset is recorded in a public blockchain ledger accessible by millions of computers worldwide. That record serves as proof of ownership and value for the associated NFT. Why are NFTs Being Sold for Millions of Dollars? That’s one NFT for dummies question nearly everyone has these days — why are some NFTs selling for thousands, if not millions, of dollars? In fact, it’s those multi-million-dollar sales that are fueling the current NFT craze. For example, the original Nyan Cat GIF sold recently for over half a million dollars.

Many digital artists have sold original artwork as NFTs for multiple millions of dollars, including singer-songwriter Grimes. There’s even an NFT out there representing the very first Twitter tweet, an asset worth a good 2.5 million dollars. Just as cryptocurrency is Canada WhatsApp Number Data considered by many to be the digital world’s answer to traditional money, there are those out there who see collectibles like art, original music, and so much more. And if non-digital assets can sell for millions of dollars, it should also make sense that digital ones can, as well. via GIPHY How Brands are Using.



NFTs for Better Results Modern artists, musicians, and internet legends aren’t the only people capable of leveraging the exclusivity factor attached to NFTs to build an audience and turn a profit. Brands are also using them to lend additional value to original digital brand assets like video, audio, original artwork, and more. The way NFTs are growing in popularity right now has allowed innovative, forward-thinking brands to connect with consumers in exciting new ways. They’re also using NFTs to boost their brand storytelling strategies in ways that generate buzz and turn heads.