New NFT Investment Trend Reaching IDR 152 Trillion

Lovata Andrean

New NFT Investment Trend Reaching IDR 152 Trillion
New NFT Investment Trend Reaching IDR 152 Trillion

Rancakmedia.com – In recent years, this new investment trend of non-fungible tokens (NFT) has been on the rise. This is due to increasing public interest in exchanging digital assets and works of art via NFT.

According to statistics from DappRadar, NFT sales volume reached US$10,7 billion or Rp. 152,3 trillion in the third quarter of 2021. This amount increased significantly from 'only' US$ 1,3 billion or IDR 18,5 trillion in the second quarter and US$ 1,2 billion or IDR 17 trillion in the first quarter.

OpenSea reported August sales of US$ 3,4 billion (Rp. 48,4 trillion) on the market NFT largest in the world. The following month, sales remained strong despite a downturn in the market finance global.

This achievement is sometimes attributed to the rise in value of bitcoin during the epidemic. Because individuals buy NFTs with cryptocurrency. Although proponents assert that cryptocurrency assets retain value regardless of market fluctuations.

What Is NFT Investment?

What Is NFT_

Non-Fungible Tokens (NFTs) are digital assets that imitate physical assets. Its function is similar to a digital certificate for people who own photos, films or other virtual representations. This information will be stored on the blockchain. Once an item is encrypted on the blockchain, it cannot be duplicated or replicated by outside parties.

Indeed, not only as works of art, especially in digital form, NFT is expected to be part of the future of the gaming industry. This was revealed by Electronic Arts, game publisher (EA). EA Chief Executive Andrew Wilson told investors that FIFA gamers want to see NFTs.

“(Players) want additional game-in-game options that go beyond 11 vs 11 football,” he said.

“They want new digital experiences beyond gaming, eSports and NFTs, as well as more sports consumption, and they want us to respond quickly.” He noted that the idea of ​​NFTs was pioneered and accompanied by 'initial excitement.' “It's too early to speculate about how it works,” he said.

Unfortunately, the idea is quite divisive among players. For example, the Steam gaming platform prohibits the distribution of blockchain and NFT-based games. According to many game designers, NFTs are ruining the overall gaming experience. However, other companies, most notably Ubisoft, supported the idea.

According to Ampere's Piers Harding-Rolls, a gaming industry expert, NFTs and blockchain are the next disruptors in the gaming business. According to him, all major publishers, including EA, see profit opportunities in this format.

“It would be poor commercial judgment not to consider the impact of technology on companies today,” he said.

FAQ

What Are Stock NFTs?

NFT is a type of digital asset that can be used to prove ownership of products obtained using cryptocurrency. Art, movies, music, games, and more all fall under NFTs.

Are NFTs Good for Investment?

If you have work that you want to capture and market with zero percent risk of plagiarism, NFTs are a better choice as a supporting investment.

What is Crypto NFT?

What are NFTs (Non-Fungible Tokens)? Due to their potential value of tens of millions of dollars, Non-Fungible Tokens (also known as NFTs) are a popular digital asset in the crypto world. Most NFTs are exchanged using ether (ETH), a token created by Ethereum.

What are the Benefits of NFTs?

The advantage of NFTs compared to other assets is that their value tends to be fixed. NFT is a digital asset, either in the form of an item that has a unique tangible or intangible form. So far, NFTs have been used to represent an object, generally a work of art, in a digital forum.

Conclusion:

In recent years, this new investment trend of non-fungible tokens (NFT) has been on the rise. This is due to increasing public interest in exchanging digital assets and works of art via NFT.

Sales of non-fungible tokens (NFT) reached US$10,7 billion or IDR 152,3 trillion in the third quarter of 2021. Their function is similar to digital certificates for people who own photos, films or other virtual representations.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks