CoinGapeNews

NFT Craze Goes Mainstream As Time Launches 3 Special Edition NFT Magazine Covers

Time Magazine, the prestigious publication has released three first-ever NFTs (non-fungible tokens) inspired by one of TIME’s most iconic covers and including an original cover created especially for the auction. The original NFT cover titled “Is Fiat Dead” is inspired by the 1966 edition “Is God Dead?” is a comment on the recent trend of growing popularity of cryptocurrencies at a time when the national Fiat currency of many nations has registered a decline.
Source: TIMENFT mania has gone mainstream as more companies are eager to experiment and cash on the recent trend and TIME has become one of the first mainstream publication to do so. The NFT craze began with digital artist Beeple’s NFT art being sold for $69 million creating not just records but a part of the modern history of art as well as technology.
NFTs became mainstream as early as 2018, however, it has managed to gain traction and several use cases this bull run from artists and celebrities. Earlier NFTs were primarily used as in-game rewards tokens or Fan tokens of popular sports leagues. However, celebrities and modern artists have found a better use case as they are ready to present their art and services via digital tokens. After Beeple, American Footballers including Patrick Mahomes and Rob Gronkowski sold their art collection in NFT for millions of dollars.
NFT Platform Tokens Soaring in the Wake of Recent Hype
The NFT craze has also resulted in many NFT platform’s native tokens soaring to new all-time-highs, some …
Story continues on CoinGape

Related posts
CoinGapeNews

Student Coin: A Post-COVID Solution to Raising Student Financial Loans!

The global COVID-19 pandemic has affected the normal way of life as finances, workplace environment, education and other industries became digitized in a bid to reduce the spread of the virus. During this time, schools and universities have had to…
Bitcoin NewsbtcusdBTCUSDCBTCUSDTCFTCCoinbasecryptocurrencyNewsxbtusd

Why the CFTC suing Coinbase is a bullish blessing in disguise for Bitcoin

On-chain analyst Willy Woo notes that the sanction spree the CFTC has embarked on could potentially be favorable to cryptocurrencies and investors. Taking to Twitter, Willy Woo—an investor and analyst—asked, “anyone noticing BTC getting easier to trade ever since the…
CoinGapeNews

Michael Saylor Claims His Twitter Exchange With Elon Prompted Tesla to Invest in Bitcoin

MicroStrategy CEO Michael Saylor has become one of the biggest Bitcoin proponents in recent time which is evident from his company’s $2.1 billion Bitcoin investment since August 2020. Saylor in a recent interview with Time magazine claimed that his Twitter…