For the week ending Christmas, global searches for the term “NFT”, which refers to non-fungible tokens, topped “crypto” according to Google Trends. The sharp increase in search traffic for NFTs is a clear sign that digital collectibles have entered the mainstream consciousness, with transactions on OpenSE, the most popular decentralized platform for NFT auctions and declines, surpassing $10 billion. .
The huge growth in demand for NFTs is evident in almost every aspect of the company. First, mainstream brands like Nike and Adidas are making their foray into the NXT metaverse arena. Then, celebrities like Snoop Dogg, Grimes, Steve Aoki, Mila Kunis and Melania Trump publicize their own NFT collections to the public. Third, NFT games such as Axi Infinity and Sorare allow gamers to learn more about crypto and NFTs, as well as earn a small amount of money as a side activity while playing video games.
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Additionally, proceeds from NFT auctions can also go to non-profit organizations or charities, such as building a school for children in Uganda. Not only can crypto holders find beautiful works of art, but in the United States, they can also deduct their donations from their regular income to save on taxes, which is a win-win for all. Finally, NFT allows artists from around the world to showcase their talents without the need for physical exhibitions. One example is the Mongolian NFT, which brings the tales and footsteps of nomadic horsemen to the blockchain.