NFT’s Voyage on Crypto
Non-fungible tokens are unique and can’t be replaced with something else. It is a digital item with blockchain-managed ownership. Consider the token as a sort of blockchain-based certificate of authenticity.
The beginning
The technology started in 2015, most of the NFT tokens were created from the Ethereum blockchain, but they became a big deal this year. 2021 is full of surprises, from Defi to NFT’s. NFT can be digital art, gaming, finance, moments in NBA, and many more.
I really don’t even know about NFT but just this year it became so popular, I am hearing NFT’s everywhere. NFT’s are becoming a real deal digital asset. Popular games like NBA or NBATOPSHOT have a crazy sale, People have spent more than $200–230 million buying and trading digital collectibles of NBA highlights such as dunks, lay-ups, steal, and all about moments in NBA.
Are all NFT expensive?
No, it is still on the marketplace prices and varies on demand, depending on a collector or even on the artist. It can be hundreds of bucks, thousands, or even a million. There is one guy from India “Metakovan”, who bought the digital art or non-fungible token (NFT) created by artist Mike Winkelmann, known as Beeple, for $69.3 million in an auction conducted by an auction house. NFT’s are surprising, aren’t they? You can even get an NFT airdrop nowadays. Massive NFT projects are popping up and they keep coming. Our team has released the latest weekly digest on youtube and talks about NFT.
Velas powered NFT
Velas also will not be left behind when it comes to NFT, in fact, our group went to Dubai to make the first supercar NFT craft. It is led by Alex Alexandrov and his team Velas. Aside from that, Bitorbit, our flagship product — decentralized social media platform will support the creation layer easily for all. With that being said, Bitorbit will be your key to creating an easy NFT. NFT will be a great digital asset in the future because of its use case and uniqueness.
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