When the trading world has turned to NFTs as a viable and trusted sector to invest and grow to the point of no turning back, it is time to take a note and start exploring the field ASAP. The NFTs have climbed the ladder of the economy’s biggest contributor, especially in the first and the third quarter of the year 2021.

What are NFTs?

NFTs are tokenizable assets that are developed in the Ethereum blockchain and other relevant standard blockchain technologies. These tokens are non-fungible, which makes them unique and rare in existence, unlike a cryptocurrency that can be exchanged for another of the same value, despite both of them belonging to a similar family of blockchain use cases. This aspect makes the NFTs the highly revered tradable assets that they are today.

NFTs can range from art, music, videos, animation and their use scenarios are still being developed and discovered one at a time. The sector’s use cases and the overall economic impact it has on the world is a testament to the inexplicable growth factor it has exhibited in recent years. Due to this, the sector’s exposure in the world’s eyes has also grown significantly. This means more people can start to look to the future with hopeful expansion and opportunities in the sector. Let’s take a look at how the NFT marketplace benefits a variety of creators and individuals.

NFT marketplace.

The marketplace is the home for the buyers and sellers to list, trade, buy, and sell their NFTs. It is a huge beast in itself to understand in mere words and needs practical exploration to get some insight into how the marketplace works.

Marketplaces are varied, from dedicated niche markets to public ones. These categories have multiple sub-categories that trickle down into their own division of marketplaces.

Some influential NFT launches and their marketplaces.

BeyondLife.club made history with one of the fastest record-setting sales. The collection sold out in seconds. And they are also responsible for one of the most significant celebrities NFT collections Indian audiences have ever been prone to. With the Amitabh Bachchan’ BigB’ punks, they sold close to $900k from the time of the launch.

CryptoKitties and CryproPunks are some of the OG platforms that are still dominating the sector, along with Bored Ape Yacht Club. These crypto art punks have integrated some of the attribute and game elements into their module to make it more fun for the NFT holders to take part in.

Sandbox and Axie Infinity are some of the most prominent gaming NFT marketplaces that have successfully integrated metaverses and showrooms for NFT holders. These NFT metaverses host a plethora of characters and accessories from the game into the metaverse that the players can own and trade.

How to own these awesome NFTs?

That is the million-dollar question. Quite literally. Most if not all of the NFTs in the mentioned list have reached their potential growth and are still pushing the boundaries. One of the strategies investors and collectors could follow to get their hands on that NFT they’ve been eyeing for so long is to actually keep an eye out. Follow the breadcrumbs precisely to the launch in primary markets or listing date in the secondary marketplace and make the first move.

Follow newsletters and sign up for updates through discord, email, or SMS. All of these contribute to the involvement of your investments and also reveal some inside secrets that most of the others are not privy to.

Few use cases of NFTs.

For one, the NFTs have turned out to be one of the most tradable assets in the 21st century; Investors are using this to their advantage by exploiting the use cases the sector provides. In the most opportune moment when the NFT piece value drives up high depending on various factors, investors list these pieces up for auction, and others start to bid on them, further driving their value higher. This is the main aspect and the deal the investors and collectors get out of the deal.

The use cases also involve “fun.” A significant amount of NFT users have adapted to the gaming and the art industry, involving themselves to have fun and trade the awesome collections that they possess. This forms a niche community of people to connect and express themselves in newer ways.

A peek into how NFTs are used by artists, musicians, gamers, and celebrities.

Artists in the NFT space.

• Art has dominated the sector from the beginning of its inception. Though the lines are quite blurred when it comes to art is segregated into various genres, here, for the sake of argument, let’s consider art as digital and physical drawings, animations, videos.
• The beauty of arts in NFTs has reignited the childlike fun in minting and developing them.
• Though there seems to be a trend of making intentional pixelated or “badly” drawn punks to short and mundane GIFs and memes, the point is that they sell, and there is a huge market for them all right now.

Musicians in the NFT space.

• Musicians were late to the game, but they are making heads turn nonetheless. With the amount of attention they are getting to user interaction they garner, music is slowly growing as one of the industries to beat within the NFT industry.
• Who wouldn’t want to get to own a prelude or a nice beat from their favorite musician and get the privilege of bragging rights?
• Legendary musicians like NAS, kings of Leon are entering the industry, and they are confident that NFTs are here to change the game for both the NFT sector and the music industry.

Celebrities in the NFT space.

• Personalities in the limelight are getting their spotlight in another medium, and it is shining brighter than ever.
• Celebrities are overwhelmingly conquering the space by positively exploiting the advantages that come with the sector’s use cases.
• Celebrities like Amitabh Bachchan, Rajinikanth, Sunny Leone have already made some big changes in how NFTs are perceived.
• They also act as an exposure tool by proxy to the NFT sector because celebrities automatically mean more eyeballs and exposure from the plethora of fans who follow and track their every move.
• The celebrities also account for the price value of the NFTs to drive up just by association. This helps investors and collectors in secondary markets when they list said NFTs.

What do NFTs hold for the future?

They hold an ocean of opportunities for anyone who dares. The NFTs have shown unparalleled promise over any other sector in the same realm with the trajectory they are on and continue to grow.

Check out the mentioned marketplaces and start trading or buying your NFTs if you haven’t already, and who knows, it may be your big break that you so deserve.