Blockchain and cryptocurrency environment is still a pretty young and new universe. As a result of that, we can sometimes see some trends that grow a lot for a small period of time, or a long one.
That's probably why we already had some "fashion" trends in the blockchain environment. The ICO in 2017/2018, the DeFi in 2020 (and maybe 2021 ?), so will 2021 be the year of NFT ?
What is a NFT ?
Literally a Non Fungible Token. Now what does that mean ? It means that every token is unique.
Indeed, a BTC mined in 2011 and a BTC mined in 2020 have basically the same value and the same utility.
Well, for a NFT, it's totally different. For example, an artist can create a NFT that contains his own artwork. That's even what is fashion at the moment with NFT sold at millions of dollars, but I'll talk about it later.
NBA top shot are some NBA players card that you can obtain following the performance in real life on the court.
But the NFT doesn't only exist for artist. Chiliz, for example, is like a "governance" token that impacts directly your favorite football club, for example. PSG and Barcelona are already involved in the project. As an example, you may be able to choose which players will come and have a drink with the VIPs. Of course, that's only one example among many others possible. Why not having a vote to choose the next shirt of your favorite team ?
Mind-blowing records
But during the last few months, we heard about NFT due to amazing sales with crazy prizes. Indeed, in my mind, it seems like a new record sale for a NFT is taking place every weeks.
While I already wrote about a record sale few weeks ago -> https://www.publish0x.com/clemnms51/290-000-dollar-for-a-nft-xomqpmk with a 290 000 $ sale, the amounts of money involved in a transaction for a NFT have now exploded.
During the last weeks, artistic NFTs have been purchased for millions of dollars, and a digital art, a 10 second film representing Donald Trump in a bad position and with terrible tags and insults on him. This transaction costed 6.6 million dollars
