Miami Beach, FLA even if the NFTs are flashbacks, crypto currency investors bet that basic block chain technology is there to stay.
Crypto lovers and venture capitalists flocked to Miami beach, Florida, during the world’s largest art event. For the first time, Basel Miami art has featured many NFT shows. But the city also hosted more than 200 other events, with a special focus on the technology of these digital collections.
Artists, and celebrities are calling for the introduction of NFTs, or non-disruptive tokens which are unique digital assets with patents that are certified and stored in a blockchain. It is a way of owning over content that has historically been easier to duplicate online.
The new asset class is estimated at $2 billion a month, up from $400 million in January, according to the latest estimates from JP Morgan. DappRadar analysis shows that NFT volume increased by 38,000% annually to $ 10.7 billion.
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There are certainly a lot of HYPE said by Mike Shinoda the artist and founder of the park liaison group, who unveiled the new NFT mix tape. Many people believe that there is a bubble version of the bubble happening. But most of us in space are either going up or down, it is something new that exists to live in one of its kind.
Once people get into NFTs they want to learn about everything else that happens in the block chain it is impossible for them to get out of the rabbit hole. There will be a lot of people coming in to guess. But important projects will have the capacity to last and over time, quality will win.