What do apes, kitties, and penguins have in common? If you said the zoo, chances are, you haven’t seen the latest trends of digital collectibles on the blockchain, commonly referred to as Non-fungible tokens, or NFTs. Yes indeed: crypto kitties, bored apes, and pudgy penguins have been going to the highest bidder in online auction houses such as OpenSea for bug money. Even highly reputable auction houses have been getting in on the action.
The numbers don’t lie. NFTs have been selling for an astounding amount of money – over $2.5 billion in NFTs have been sold in the first half of 2021 alone. That’s quite a jump from last year – only $13.7 million (yes billion Instead of Million) from all of last year.
The time has come for digital creatives to cash in on some of their creative endeavors. Even some of the old school memes have been getting in on the action, minting their work as NFTs. Artists and content creators, there are many avenues for success waiting here.
Afraid that it’s all a scam? Don’t know where to start? Don’t despair: educate yourself today. Check out the following deep dive resource on the basics of NFTs and what they are all about in the infographic below: