Amateur Investors Alert- These are the Popular NFTs in the Market
A lot has happened in the investing realm in the past one decade. From bitcoin and dogecoin to Ethereum and NFT, there was a lot to cash in and the investors didn’t let go of this opportunity. Many seasoned investors and a lot of ametuer ones too came forward and put money into various digital assets.
But if you are just starting your journey, this article might be helpful for you.
What is NFT?
NFT stands for Non-Fungible Token, which is nothing but a digital asset that comprises real-world objects like videos, pictures, music, artworks, etc. These things are available to buy and sell online and the transaction is through cryptocurrency. These NFTs are encoded with some identical underlying software just like many other cryptos.
A unique and non-interchangeable unit of data that is stored on a digital ledger with the help of blockchain technology so as to prove the ownership of any NFT.
Here are some of the most popular NFTs in the market.
Valued at a whopping $28.9 million, ‘Human One’ is technically both a digital and physical artwork. Earlier called as a ‘kinetic video sculpture’, it comprises almost four video screens that come on a mahogany wood, polished aluminum metal, and dual media servers. The physical display consisted of a digital token.
Pak is a popular artist and the creator of ‘The Merge’. This artwork was bought by a group of almost 30,000 collectors last year on December 2. They are believed to have collected a staggering $91.8 million for investing in this particular NFT. It is by far the only non-fungible token to have been purchased by a group and not just a single individual.
Did you know even artworks related to the 2022 US presidential election exist as NFTs? This particular one called ‘Crossroads’ is created by a popular artist, Mike Winklemann aka ‘Beeple’. He is said to have created two versions of this artwork, one if Donald Trump wins and the other for if he loses. Either way, he priced this NFT at nearly $6.6 million.
MG Motor India
MG Motor India entered the world of NFTs in 2021 with almost 1,111 units of digital creative assets or artworks. Their diverse collection consisted of grand murals that commemorated the company’s legacy, pastel art of some of the classic MG cars, and a few significant moments of the company’s journey in India.
Popular Bollywood actor Salman Khan ventured into the world of NFTs in 2021 when ‘Bollycoin’ was launched. These digital assets were being sold at a fixed price of INR 7 per token. These comprised of stills, posters, movie clips and some other items from his blockbuster movie ‘Dabangg’. Another popular Bollywood celebrity who ventured in the field of NFT is Amitabh Bachchan.
Famous designer Manish Malhotra was also among celebrities who introduced NFTs in 2021. His unique collection of digital assets consisted of GIFs and detailed sketches of nearly fibe couture dresses that were worn by popular actresses and models like Kareena Kapoor Khan, Alia Bhatt, Deepika Padukone, and Lisa Ray. These were reported to have gone for sale for almost INR 2.8 lakh.
Bored Ape Yacht Club
The Bored Ape Yacht Club is a collection of 10000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape
Digital assets such as NFTs are a new source of investments. The future will tell how the younger generation makes use of these and how fruitful it will turn out in the coming years. There are numerous other NFTs both national and international that have been sold at staggering prices. Comment below and let us know which one of these NFTs was your favorite.
You can now book cheap flights from Washington to Mumbai through Indian Eagle and save more so you can invest your money in NFTs. So, why wait? Plan your itinerary today!
Also Read: Why Unity-Based Games Are So Popular