This bit of news introduced most people to the world of NFTs (Non-Fungible Tokens).
Now all the rage, NFTs are being bought and sold like priceless art pieces.
Let’s dive into the world of NFTs and find that answer.
First Off: What Are NFTs?
Think of NFTs as digital non-replicable pieces of art.
These are properties that can not be copied or replaced at all.
For starters, there are a variety ofguides and resources to help you get started with NFTs.
Here are the more common and sensible NFTs that are on the market.
Art
Art is the most popular form of NFT out there.
Because of that, art is also the kind of NFT that sells the best.
Right now, a lot of the most expensive NFTs are works of art.
This piece sold for a whopping $69 million.
There are othersuper expensive NFTsthat are breaking billionaires' bank accounts.
This also goes for works of video art.
Short videos and even GIFs have been selling like million-dollar hotcakes.
This one was also by Beeple.
Music
Also high on the NFT spectrum is music.
Video Game Items
Another frontier in the NFT space is video games.
Companies aren’t selling entire games as NFTs.
Rather, they’ll sell in-game content, like skins, characters, and other items.
Developers can sell regular DLC but then sell a limited edition version of it on the NFT market.
Trading Cards/Collectible Items
NFTs can be thought of as digital trading cards.
And, just like the real thing, some sell for over a million dollars.
Companies can sell all types of collectible items on the NFT market, not just trading cards.
If it’s anything that you might deem collectible, it can be put on the market.
Big Sports Moments
NFTs offer something that doesn’t really have a physical equivalent: memorable sports moments.
These are short clips of significant moments in sports history, like groundbreaking slam dunks or game-changing touchdowns.
These clips can be as short as 10 seconds but sell for upwards of $200,000.
What’s neat is that in some cases, the person in the meme is the actual seller.
Domain Names
Domain names aren’t safe from the spread of NFT fever.
Usually, you should probably pay a third-party company to manage your domain name.
Folks who buy fashion NFTs will be dressing up online avatars instead.
Owning a virtual handbag or necklace is definitely reserved for more extravagant and fashion-forward individuals.
These, of course, will all be uniquely designed and limited in quantity.
As stated before, Jack Dorsey literally sold a tweet.
This opens up the possibility for people to sell anything on the NFT market, really.
As time goes on, the list will continue to grow.
The market is open for you to make your own NFTs.
