With the lines getting blurrier by the day between the increasing subtle distinctions of real vs virtual life — one could easily be forgiven for getting confused by what exactly an NFT is?
As most of you know by now, an NFT is a non fungible token— or put simply — Proof of ownership of a digital asset. What is driving the demand in the NFT market at the moment is not as easy to define.
This is partly because the industry itself is so new (most NFTs are tied to crypto networks or coins such as Etherium), but also partly because of the diversity within NFTs themselves. Some are straight forward digital assets, such as an original character to be used in a video game— but some are harder to define, like Jack Dorseys “First Tweet” which sold for an astronomically high $2,915,835.47 USD.
NASA itself just announced they’re launching a rare watch collaboration NFT with Anicorn, which is redeemable for an actual watch! (Just when you thought you were getting the hang of NFTs!!).
Some of the biggest players in the game on Bitclout (think @WhaleSharkdotPro et al.) are also involved in an extremely exciting NFT backed Crypto called $Whale, which has seen enormous success recently.
Exactly where the lines will fall between reality, and virtual will be for the historians to decide— one thing for sure is NFTs, Crypto, and all things Bitclout are definitely on a come up; and we are thrilled to be along for the ride!
To the moon!