Today, you may know about the non-fungible tokens and the gains they have to offer. But you might not have had any idea about them prior to the year 2021.
It is true that the world came to know about the non-fungible tokens (NFTs) in the year 2021. The reality is that the non-fungible tokens had been around since 2013.
At that time, even the creators of the non-fungible tokens had no idea what they had created.
They did not know what potential the NFTs had to offer and they would someday become the top investment choice among the celebrities.
NFTs Got their Break in 2021
It was in early 2021 when the NFTs debuted in the cryptocurrency industry. The adoption of the NFTs gained momentum at a very fast rate and to this day, it is among the most profitable sectors within the crypto-verse.
This is the reason why almost every celebrity wants to enter the NFT space. The non-fungible tokens are not currency but they hold a lot of value.
The NFTs have been launched in a number of ways targeting different spaces. But it is the digital artwork and collectibles space where the NFTs have gained true growth and success.
Since then, major celebrities such as Justin Bieber, DJ Khaled, Snoop Dogg, Eminem, Paris Hilton, and many more have entered the NFT space.
The list of the celebrities taking interest in NFTs has continued growing. Even Bella Hadid, Lindsay Lohan, Steve Aoki, and Shawn Mendes have launched their own NFTs in the market.
NFTs are Selling for Really High Prices
The reason why even the celebrities are after selling their own NFTs is because they are selling at really high prices.
If you thinking about the NFTs selling for a few thousand dollars, then you have not been paying much of an attention to the NFT markets and news.
The reason why the celebrities are more into NFTs than crypto trading is because they are selling for millions. If you are lucky, then your NFTs may sell for multi-millions.
Some of the most expensive that have been sold include Pak’s ‘The Merge’, which sold for $91.8 million. Everydays: the First 5000 Days was also a very expensive NFT that sold for $69.3 million.
Therefore, the celebrities are interested to invest more into NFTs and launch their own collections. They want to sell them for a high price because that way, they do not have to pay royalties or other fees people.
All they have to pay is the processing or transaction fee plus the minting fee at the NFTs market.
The Most Famous Footballer Joins NFTs
Just imagine how attractive the NFTs are when you hear that even Cristiano Ronaldo has decided to enter the NFT space.
Yes, Cristiano Ronaldo has officially announced that he will be launching his own NFT collection. The most popular football player in the history of sports is joining the NFT industry.
This is a huge achievement not only for the NFT sector but the entire cryptocurrency industry. Ronaldo has over 400 million followers on Instagram alone who are inspired by the player.
The player join the NFT sector would mean that millions will jump to the NFT marketplaces to get a piece of his NFT collection.
As reported, Cristiano Ronaldo has partnered with Binance, the largest crypto exchange for the development and the launch of the NFT collectibles.
The NFTs will be available by the end of this week through the Binance NFT marketplace. The users will have the access to purchase the collectibles via ETH, BNB, or cryptocurrencies supported by the BNB Smart Chain. The reports confirm that the new dubbed for Cristiano Ronaldo’s NFT collectibles is “CR7 NFT Collection”. Binance has also confirmed the same from their end revealing it is the first of many collections they aim to sign in collaboration with Cristiano Ronaldo.