If you are up to speed on the emerging NFT market, you probably heard about the digital artist Beeple’s $69 million sale of his “Everydays: The First 5000 Days” collage.
For those who still don’t know what an NFT (Non-fungible token) is, they are pieces of digital content linked to the blockchain – a digital ledger guaranteeing the item is an original copy and is owned by a particular person. Just like cryptocurrencies are guaranteed by the backing of a blockchain, so is the authenticity of an NFT. For those who would like further details on the subject of NFT’s, check out this article we wrote.
While many in the digital collectible space are familiar with the wildly popular NBA Top Shot–whose sales in February and March of 2021 alone exceeded $400 million–many are still trying to find the “next big thing”. It’s my opinion that the digital collectibles app VeVe is on the verge of a major breakout.