How does NFT continue to "break the cycle" and explore the value behind it?

This year, the NFT wave has come one by one, and their popularity has only grown. In the changing world of cryptocurrency, NFTs have embraced new ways to play, including avatars, charts, graphic art, gaming accessories, virtual real estate, and music albums. , NFTs seem to have no end. With recent support from the metaverse industry, the NFT continues to say it is "breaking the cycle". Incomplete data shows that in the past two months, many brands have been involved in promoting their own NFTs, and the term NFT still follows the crypto industry and global technology, sports, finance, the arts and more.

Why can NFTs continue to "break the cycle"? "Everything can be NFT", "Who can be an artist", what is the next area for NFT expansion? How long will the NFT heater last? What is meant by the cost of NFTs?

NFT, where many companies and organizations join and become snack bars

The concept of NFT received wide attention after Beeple's NFT Art Gallery sold for $69.34 million at Christie's. Many international brands, including LV, Tencent, Ali, ByteDance and other high-tech financial companies, have joined the NFT line one after another to occupy this high position. Especially in the first half of this year, these models were faster, allowing access to powerful NFTs, with a wide range of sports, luxury, catering and other advertising companies, they called themselves NFTs and have even "pops" NFTs in politics. Stand out from the crowd and make sweet desserts. . Today, NFTs have been a popular and eavesdropping topic since the early days of the crypto art world. Next, let's take a look at which companies and organizations have just entered the NFT field and how they view NFT.

First, there are many companies in the encryption company that you are ready to start blocking the chain block or starting a NFT.

On December 13, Animoca Brands, the top sports company, announced that it will partner with the NFT Bored Ape Yacht Club (BAYC) project to create a blockchain game mechanic with friends-to-peer using BAYC NFT. Q2 2022.

Exchanges and exchanges are also expected to accelerate with the flow of NFTs, and Ouyi has a good understanding of this and started commercializing NFTs by the middle of this year to help the NFT ecosystem. Additionally, Korea's Kraken platform recently announced that it is developing the NFT market, and it is scheduled to be released in February next year. The platform's CEO, Jesse Powell, thinks next year will be the year of the NFT. The platform also plans to work with Animoca to release P2E games. Another is that Indian tech giant Tech Mahindra will announce the NFT industry next week to allow more designers and celebrities to show off their artistic prowess.

Second, in addition to the above companies, well-known news and many well-known companies have also started to join the NFT group. On December 22, Xinhua announced that at 8:00 p.m. on December 24, it would be the first time that restricted products would be offered to Xinhua users via NFT blockchain technology. According to the report, 11 of the articles were pre-published, each limited to 10,000 copies, and all articles were free to use. Many media outlets, including News Communications, have reported on NFTs in the past, and this time, China's first set of "digital media collections" are the most prominent in supporting the concept of NFTs.

Then there are the famous restaurants and shops like Nai Xue's Tea. Nai Xue's Tea announced its entry into the Metaverse on its 6th anniversary and launched its own digital NFT collection in China. Following in the footsteps of adidas, Pepsi, Coca-Cola and more: adidas released the first NFT series of the classic sports series Originals on December 17, titled "Into the Metaverse". (Into the Metaverse). commemorating the birth of Pepsi in 1893, beginning all Pepsi Mic Drop Genesis NFT collections from 1893.

Moreover, it is not hard to see that the sports and entertainment industry is accelerating towards the massive expansion of NFT in 2021. According to a recent report by the Basketball Network, legendary basketball player Michael Jordan plans to develop the NFT application platform. and develop a company called Heir Inc. Currently, famous IP series NFTs not only account for a large part of the market, but many domestic and foreign investors are trading, writing and providing NFTs themselves, and NFTs have also entered in the "political field". Former US President Donald Trump's wife, Melania Trump, said she will sell her art painting 'Cobalt Blue Eye' in NFT format to 1SOL in Solana and use part of the proceeds to support the pension project children's food. Democratic candidate for the California House of Representatives, presidential candidate Shrina Kurani, unveiled 2,022 Solana-based NFTs as part of her campaign. The NFT political experience has revived people's interest in this industry, once again proving the wide application and rapid pace of NFT.

Why can NFTs continue to "break the cycle"?

According to statistics from nftgo.io, with more and more people and large companies involved, the global NFT market is now worth $1095 billion. In the above list of tasks of NFT and embedded NFT applications, we understand the rapid development of NFT today. From art and cryptographic archives to avatars, music, games, metaverses and more for public use, streaming media, content distribution platforms and more, NFTs have gone from a crypto niche toy to a popular game. So why can NFTs be measured so quickly?

First of all, this is one of the reasons why NFT has developed such a viable strategy due to its unique features and benefits. The full NFT name is Non-Fungible Token, which stands for Non-Fungible Token, and is unique and not recommended compared to BTC and ETH. These features allow NFTs to provide a new form of digital membership. form of NFT. Additionally, based on the cost of transporting items, such as Bitcoin and other equivalent tokens, NFTs can be traded with peers around the world with a low and sufficiently strong starting point. This makes NFT's capabilities very satisfying.

The second reason is because of the intention of shoes and chains of pucatedin game. In the injury of the Citizens of House this year, due to a crash of at the YaDancian scheme and paying in fields such as Yaurai World. For example, yuan cosmic games "DECTRALAND", etc. The virtual force under the NFTE NFTE has chosen the ship. The virtual country of the seller is sold at $ 927 million for last 7 days.

The third reason is purpose and celebration. More and more stars, artists and entertainers have announced their own NFTs which are loved by many, and many international names and big companies have joined in. It's not just to achieve their business goals, but also to create more fuss. NFT. And many of these NFTs can easily sell for hundreds of thousands of dollars, and hundreds of thousands of times your earnings will bring more people to the area.

So, the reasons for the above levels are the main reasons why NFTs have recently been promoted from one place to another, leading to greater contagion. The application of NFTs has changed the rules of the game for the entire industry, allowing the design and production of blockchain games to break the middle ground and allow all participants to build the world of the metaverse.