NFT art is starting to be more and more popular, and several people want to get in on the action. And it all makes sense. 2021 was the year where Beeple sold his artwork Everydays – The First 5000 Days for a whopping 69 million dollars. People hope to find the next big thing and make a big score, but what should you watch for, and what are the upcoming trends? Let’s dive right into it.
The trading volume has gone up the last couple of months by a lot, this is due to the increased interest but also due to a lot of new NFT art that starts to appear.
The Pandemic Impact
During the Covid-19 pandemic, it has been hard for artists to sell their physical works. This has benefited the world of NFTs. Many artists have turned to digital art, where NFTs have been the perfect solution for them in order to sell their pieces. If the pandemic keeps on creating boundaries for the artist this could lead to the market’s continued rise. The pandemic has been bad for many things but not the NFT market.
A Unique Collectible
Many collections appear monthly and even daily. These collections consist of avatar-looking NFT’s that can be very profitable. In the CryptoPunk collection, one of them was sold for 7.58 million dollars. The seller had only paid 2,197 dollars for the NFT. As mentioned earlier, needed collections appear all the time and you can find the newest and most exciting ones right: here: https://buynft.com/collections/. The page offers information on the different collections and tells you how to buy and trade them. They give you a complete guide to all of them.
Play to Earn Games
Cryptocurrencies have been known to be mined currencies, which means that people can gain cryptos by mining them with their computers. However, a new way of earning cryptocurrencies and NFTs are the play-to-earn games. The games allow the players to build characters and mine for cryptos and NFTs in the game. This means that you don’t have to spend any money to earn NFTs that might be worth a fortune in the future while having fun playing. If you want to mine your own unique piece of art, you can find out how in this article.
Fan and Community Tokens
Some of the major brands have started buying NFTs and producing them themselves. Visa has bought a CryptoPunk for 150,000 dollars to understand the metaverse, so they can use it in their business. Coca-Cola also launched a collection in July 2021, where virtual accessories could be worn in Decentraland’s 3D virtual reality game.
This trend will continue in the future with more and more major companies wanting to join the fun. It will be a unique opportunity for the companies to reach a certain part of the world population that might be hard to interact with through their normal marketing channels. So, here you have the trends that you should watch in 2022. Good luck with your next NFT investment.
