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NFTs ecosystem has been witnessing more millennial projects on a daily basis. As many projects are being introduced, enthusiasts are purchasing them in hope to make gains in the future. Following the prices of these Non-fungible Tokens, individuals across are seeking to acquire at least one of a kind NFT. According to data from Google Trends, it has been known that queries for the term NFT have been continuing to soar. Notably, the recent data for the week ending on Christmas has also shown that the global searches for the term “NFT” have surpassed the queries being made for the term “crypto” for the first time ever.
NFTs entered mainstream consciousness
NFTs craze is not plunging rather rising at a tremendous pace. Google trends has als shown that the search volume for the term “NFT” has surpassed the volume for the term “crypto”. According to experts in the cryptosphere, such sharp spikes in search traffic for Non-Fungible Tokens offers a clear signal that crypto collectibles have entered mainstream consciousness.
Besides, transaction volume on major NFT marketplaces have also been found to be soaring. Notably, on OpenSea, one of the leading and most popular decentralized platforms for NFT auctions and drops, the transactions volume surpassed $10 billion.
Non-Fungible Token sale would skyrocket
Following the performance and craze for NFTs, several experts are bullish on these collectibles. The huge increase in demand for these crypto tokens are evident across nearly all aspects of society.
The ecosystem has first witnessed a consumer brand like Nike and Adidas are making their own entry into the realm of metaverse. Moreover, several celebrities like Snoop Dog Grimes, Steve Aoki, Mila Kunis, and Melania Trump are also found promoting their own collections to the public.
Besides these, NFTs based games have brought notable opportunities for individuals. Games like Axie Infinity and Sorare make its possible for players to learn about cryptocurrency while earning some money as a side hustle.
NFT auctions helps charity as well
Besides the aforementioned utility of NFTs, it is also a fact that these crypto collectibles are also being used for charity. The proceeds being gathered through the sale of these tokens could go to NGOs, such as for building a school in Uganda for childrens. Besides holding crypto assets, users can also deduct their donations against their ordinary income to save on taxes. Ultimately, these crypto collectibles bring only a win-win situation for all.
