![]() So we have the past and the future mixing together.” “The verification of being on the blockchains represents a great future. “The cards themselves represent a beautiful past,” Shatner told Cointelegraph. One of the rarest cards Shatner released sold for $6,800. The resale value, however, has gone up since then. The assets sold out in nine minutes, partially because they were so cheap - a 25-card pack cost only $25. Spock), and even an X-ray of Shatner’s teeth. The cards, which amounted to 125,000 total NFTs, featured images of Shatner’s life and career, including a photo of him hugging Leonard Nemoy (better known as Mr. William Shatner minted 10,000 NFT “packs,” or digital trading cards, back in July 2020. Celebs are cashing in on cryptoīelieve it or not, one of the first notable celebrity NFT enthusiasts was Captain Kirk himself. But when celebrities started embracing NFTs, people paid attention. Christie’s is auctioning off its first digital artwork by artist Mike Winkelmann, also known as Beeple, who sold a $6.6 million NFT on February 22. On February 8, two gamers set a new record by spending $1.5 million worth of crypto to buy a video game feature NFT. Meanwhile, the art world has reluctantly embraced NFTs. According to a recently published report from Dapp Radar, NFT markets accounted for $342 million in trading volume in February 2021 - more than all of 2020. Last year saw the NFT market triple, making it currently worth over $250 million, and it’s only getting bigger. Punk prices spiked to thousands of dollars on average in the final months of 2020, during a historic rally for the cryptomarkets. Today, roughly $30 million worth of Punks have been transacted. Last month, CryptoPunks were changing hands for over $760,000. They also served as inspiration for CryptoKitties, the cute cartoon NFT cats that clogged up the Ethereum network with their popularity in 2018. Many sellers follow a pricing method common in the art world known as “granular price tiering,” where an artist sells the most unique works at a higher price, then sells subsequent series for less.ĬryptoPunks pixelated portraits were one of the first NFTs back in 2017. ![]() That exclusivity has made these digital files worth millions. The “non-fungible” part means that the artwork has one specific owner, despite the fact that anyone can duplicate the image or video and reshare it. What are NFTs anyway?Īn NFT, or “non-fungible token,” is a digital asset that exists on similar blockchain technology to Bitcoin - it can be artwork (an image, video, or audio file), a domain name, a tweet, or even a video game item. Since their big crypto breaks, everyone from Paris Hilton to Kings of Leon have been trying to get in on the action. Paul and Torres set off a chain reaction. Torres followed up this month with a new dogecoin-inspired NFT, which sold for 45 ETH, roughly $69,000 at purchase, on the cryptocurrency art platform Foundation. ![]() It was his first foray into the NFT market. This latest round of NFTs sold out for a total of $504,990 in sales.Īround the same time, Chris Torres, the artist who first created Nyan Cat, minted a new GIF of the famous internet meme, which sold for $590,000 worth of the Ethereum cryptocurrency. Paul has been partnering with Bondly - a peer-to-peer exchange that enables trading across any chain, and through any medium - for his NFT ventures. Most recently, the SMHPI (second most hated person on the internet) sold a set of digital Pokemon card images featuring an anime version of himself in three different colors: silver ($370 each, 777 minted in total), gold ($1,500 each, 111 minted), and matte black ($17,000 each, three minted). Late last month, Paul sold $5 million worth of NFTs with his first launch in the crypto space. ![]() But hate and clout aren’t mutually exclusive. The mainstream boom kicked off (more or less) with none other than Logan Paul, who was recently voted the second most hated person on the internet. Almost overnight, NFTs have taken the art, sports, and entertainment worlds by storm.
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