Diversity of NFTs: Beyond Digital Art

Ever since they entered mainstream consciousness in 2021, they have inevitably been associated with digital art. But NFTs benefit beyond the exclusive art world. Digital collectibles are on the rise, and athletes are particularly interested in using NFTs to crystallize iconic moments in sports history. In the gaming world, many developers are working to integrate NFTs into video games as playable objects. Finally, the largest use of NFTs has not yet entered the metaverse. In this article, we will explore the NFT world beyond digital art and draw your attention to some of the coolest projects in this space, and perhaps most importantly, showcase the best platforms you can use. to access NFT products.

Most people discovered NFTs in 2021, when digital artist Beeple sold his 5,000-day artwork to Christies for the astronomical sum of $ 69 million. Since then, NFTs have become an integral part of mainstream culture, with digital artists increasingly using this technology as a way to interact directly with their clientele. But enough about art – what else do people do with NFTs?

Digital collectibles are perhaps the second best known NFT product. Everyone has, of course, heard of the Bored Ape Yacht Club, a collection of computer-generated images of dull primates that sold a total of more than $ 180 million in a single week in February, according to Business Insider. But NFTs are also very popular in sports. In 2021, Tyson Fury, the heavyweight boxing champion, partnered with FOMO Laboratories to create an NFT collection. The collection’s crème de la crème, “Ruler” by Tyson Fury, sold for nearly $ 1 million and became the best-selling boxing-related NFT to date.

FOMO Lab, specialists in intellectual property, architects and the creative studio FomoVERSE have brought a myriad of futuristic NFT collections to market. In the automotive world, the Miami Crypto Experience has also partnered with FOMO Labs to put the very first Porsche on the blockchain. NFTs are also disrupting the music industry through an innovative fusion of blockchain technology and music: 808 Mafia’s PVLACE has also partnered with FOMO Labs to create a collection of original musical compositions accompanying NFTs.

But the full extent of the applicability of NFTs will be demonstrated by the metaverse. In a space across reality, a myriad of utility cases for NFTs appear as digital input tokens and more. The applications are endless, but what the NFT space needs is a platform that can bring these features together in an accessible and productive framework. FOMO Lab acts as a one-stop-shop for all aspects of the NFT ecosystem, from a starting point to help develop new cryptocurrency projects to a multi-chain NFT marketplace – The Avenue Marketplace – which has interoperability between different blockchains. This kind of holistic approach to building an NFT ecosystem is the kind of forward-looking vision needed to push the boundaries of what blockchain technology can accomplish, and to give users ownership of their digital assets.

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