How do NFTs attract awareness?
In the last 12 months cryptos have received mass adoption as well as recognition, with more and more diverse groups (communities) taking their first steps in the world of cryptocurrencies. Here we will discuss the impact of NFTs and how they drive the adoption of crypto as a whole.
Non-Fungible Tokens can be quite new to the online world, but they have been explored to a very large extent within a relatively short period of time. Over the past year, we’ve seen huge names and brands invest in NFTs projects.
So, what is the reason? Why are so many people looking for NFTs and why are they considered so attractive? In this article we will look at why digital art culture is penetrating the online world and what this might mean for cryptocurrencies.
The Rapid Rise of Nifty NFTs
The rise of NFTs is undeniable as we have big venture investors like Mark Cuban and Gary Vee investing in NFTs. There are a few brands like Taco Bell with “Transformative Tacos”, Coca-Cola with ” Friendship Box” and ASICS’ digital shoe, the “Sunrise Red”. Football clubs have their NFT fans and athletes like Gerard Pique have their place in the field, investing in sports-related projects like Sorare.
Even Paris Hilton has a collection under her belt. The market is large and there is still a lot of potential, but why is there such a push towards a digital element that can consist of a few pixels?
One of the key factors, is how NFTs unlock such creative capabilities as we’ve never seen before for online content creators. The big brands have already got on the train with NFTs as they know that there is a huge cultural movement which has already begun.
But the biggest and most exciting thing behind the adoption of NFTs – and why it’s so fundamentally important to the cryptocurrency industry – is linked to a culture driven by technology and creativity.
How does the culture of NFTs relate to cryptocurrencies?
Most people become more familiar with the idea of blockchain-based tokens and assets, tending to take a step towards other digital investments when they can generate profits and more. The interest in NFTs is the door that opens the door for people to become interested in cryptocurrencies.
NFTs have opened a door to the entire industry because one’s artistic creation will be able to belong to anyone, as there is a pocket for it. Unlike most uses NFTs don’t just rely on finance. The uses an NFT can have defining These are from many factors and have to do with sports, games, music and art. In this way, it unlocks the possibility for creators and entrepreneurs to enter the culture of digital creation.
From there, the creative world of digital art acts as a steppingstone for people to understand and explore blockchain technology and digital assets, driving the massive adoption of cryptocurrencies.
You can think of it as follows NFTs are the artistic brother of cryptocurrencies, and the more people know the blockchain family, the more they see, experience, create but also enjoy available opportunities.