Why NFTs are reaching such high market values?

Why NFTs are reaching such high market values?

NFTs are reaching high market values and a lot of people wonder what makes them special. Well, in this article you will find some of the many reasons. Keep reading and learn why NFTs are reaching such high market values.

NFTs are reaching high market values and a lot of people wonder what makes them special. Well, in this article you will find some of the many reasons. Keep reading and learn why NFTs are reaching such high market values.

There are already several examples that have surprised more than one individual. Christie's auctioned Beeple's digital art piece Everydays: the First 5000 Days for € 57 million, the first tweet ever to release over two and a half million dollars, the artist digital Pak, who auctioned through Sotheby's a series that he called The Fungible Collection (The fungible collection), where one of his works, The Pixel, a gray pixel fetched 1.1 million euros.

There are already several examples that have surprised more than one individual.

The NFT has been a before and after in digital art because it allows the work to be traced and guarantee its originality, which was an important barrier to the commercialization of this type of pieces.

This technology transcends the world of art to apply to very diverse fields within the internet universe. Although NFTs are in an experimental phase, they aim to solve a problem: digital rights. 

One of the most paradigmatic cases was the auction of the first tweet in history

One of the most paradigmatic cases was the auction of the first tweet in history, published by the co-founder of the platform Jack Dorsey, which reached 2.4 million euros in March. The proceeds were used for charitable purposes, but the interesting thing about this example is that it opens a new practically infinite market.

Any of our habits, our hobbies, is susceptible to becoming an NFT. In any case, Dorsey's goal is to use Twitter more, continues the expert, who also sees an opportunity to use it as an advertising campaign.

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