The path-breaking innovations are triggered at the time of crises and in the past decade, the new advancement in technology has proven the same. Blockchain has emerged as the revolutionary technology that makes sure that the decisions do not remain in the hands of a few people. The decentralized concept made blockchain popular among people as well as enterprises.
What is NFT and how is it became popular? After cryptocurrency, the new blockchain evolution was introduced in the form of NFT. NFT or NonFungible Token is a blockchain-based digital cryptographic that are encrypted with unique code and metadata. Each NFT token is different and it cannot be exchanged with other items like Bitcoin or Ethereum. This makes NFT tokens unique and nonfungible.
NFT started grabbing the attention of the mainstream media after famous artist Beeple sold his NFT art ‘Everydays: The First 5000 Days’ for $69 million. After that more such news started coming into the headlines. An anonymous artist Pak sold his NFT art ‘Clock’ for $52.7 million.
NFT started grabbing the attention of the mainstream media after famous artist Beeple sold his NFT art ‘Everydays: The First 5000 Days’ for $69 million. After that more such news started coming into the headlines. An anonymous artist Pak sold his NFT art ‘Clock’ for $52.7 million.
Will NFT sustain in the future? The experts are positive on the process and durability of NFT however, they have mixed reviews on its use case. Proponents are betting hugely on NFT because of its secure and transparent transaction process. However, once this sudden surge fades NFT won’t be a part of the mainstream art market.
Currently, NFT is booming like anything and if you are thinking to make some passive income through it then this is the right time. You can start your NFT journey by purchasing Krazy Kong NFTs. Krazy Kong is a digital character who wants to explore human society. Through this, we want to raise awareness on environmental and social issues like deforestation, inequality, conflict within and between the animals (including humans) species.