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NFTs have come so far ...
In early 2010 the NFT concept came into existence but it exploded this year only. Nowadays the majority of the population is focusing on the NFT marketplace.
Let’s take a look at what NFT collections have made so far -
Collectible NFT Collections like CryptoPunks NFTs were sold 50 times in the last 7 days. The total sales volume for CryptoPunks was $24.23M. The average price of one CryptoPunks NFT was $484.6k
CryptoPunks launched as a fixed set of 10,000 items in mid-2017 and became one of the inspirations for the ERC-721 standard. They have been featured in places like The New York Times, Christie’s of London, Art|Basel Miami, and The PBS NewsHour.
Beeple owns one of the top three most expensive auctioned artworks for any living artist due to an auction consisting of a digital artwork named "Everyday's - The First 5000 days" that was sold for $69 million on March 11, 2021.
MekaVerse NFTs were sold 4061 times in the last 7 days. The total sales volume for MekaVerse was $82.22M. The average price of one MekaVerse NFT was $20.2k. Scientists embracing NFTs On 8 June, the University of California, Berkeley, auctioned off an NFT based on documents relating to the work of Nobel-prizewinning cancer researcher James Allison for more than US$50,000. On 17 June, the US Space Force — a branch of the US Armed Forces — started selling a series of NFTs featuring augmented-reality images of satellites and space iconography.
Tokenized Blood? How NFTs Are Transforming Healthcare In fact, blood donation organizations already encourage the use of NFTs for blood donations. Blood donors are marked with a specific token that can then be followed through the system. The donation can then be followed from transport to the hospital, into a blood bank, and into its eventual recipient. Blood can then be registered by its NFT into a digital “blood bank” where the need for particular blood types can be tracked by a blockchain system and delivered to where it is most needed. (source) Metaverse? Another aspect of NFTs Welcome to the metaverse, alternate digital realities where people work, play, and socialize. You can call it the metaverse, the mirror world, the AR Cloud, the Magicverse, the Spatial internet, or Live Maps, but one thing is for certain, it’s coming and it’s a big deal. NFTs changing the Education as we know it Certificates and qualifications in the form of NFTs remove the burden of verification. Subsequently, the approach also delivers a more straightforward process for storing evidence of a learner’s achievements (proof of knowledge).
The NFT smart contract can contain a wealth of metadata, including a student’s name, the awarding body, and qualification date. There might even be an image of them qualifying. All of this would help maintain the award’s integrity while also giving employers absolute peace of mind.
Fast forward to a future where NFTs will be used as digital proof of a person’s skill-set and can be transferable and evidenced between employers and other trainers with a few simple keystrokes.
NFTs have reached new heights of success in recent months due to the increased uptake from the blockchain community, Singers, Celebrities, etc. The two biggest crypto exchanges - Binance, FTX - have recently announced that they have launched NFT marketplaces. Another prominent crypto exchange, Coinbase, is also launching its NFT marketplace.
Last modified 2mo ago
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