Monday, January 24, 2022

Global search interest for ‘NFTs’ surpasses ‘cryptocurrency’ for the first time in history

The huge increase in demand for NFTs is evident in almost all aspects of the society. First, consumer brands such as Nike and Adidas are making their foray into the metaverse NFT realm. Then again, celebrities like Snoop Dogg, Grimes, Steve Aoki, Mila Kunis and Melania Trump are promoting their own NFT collections to the public. Third, NFT games such as Axi Infinity and Sorare make it possible for players to learn about crypto and NFTs, as well as earn a small amount of money while playing video games. “NFT” vs “Crypto” Search Trends. Source: Google Trends

In addition, 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 receive the finest pieces of art, but in the United States, they can also deduct their donations against their normal income to save on taxes, which can result in a win-win for all. Finally, NFT makes it possible for artists from around the world to broadcast their talent without the need for physical exposure. One such example is the Mongol NFT, which brings the tales of nomadic horsemen and the history of the steppes to the blockchain.

RELATED: Biggest NFT Drops and Sales in 2021

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