“A whopping $44 billion was spent on NFTs last year, Fortune previously reported.”
I wrote about how Sylvester Stallone recently jumped on the NFT bandwagon and launched his NFT collection PanetSLY.
Now Scott Kelly the astronaut is releasing his own collection called “Dreams Out of This World”.
Dennis Rodman’s collection is called Barbershop.
Yup, 5,000 unique jpegs of all the different funky hairstyles he has over the decades and more.
Star Trek has an NFT collection too and apparently fans aren’t too pleased with it.
VaynerSports had a botched launch with nearly $26M burnt in gas fees after fans rushed to buy it.
Presumably, it was a badly designed smart contract and the sudden surge in demand that pushed up gas fees exorbitantly.
Then scammers invaded BAYC’s discords and phished user’s wallets.
Even the exquisite Lamborghini is auctioning the world’s first supercar 1:1 NFT on Sotheby’s.
It is the Lamborghini Aventador LP 780–4 Ultimae Coupé and whoever owns the NFT, will also own the car (I hope).
It is the last Aventador ever, by Lamborghini, so I guess that’s the appeal?
Steve Aoki will be customising a soundtrack for it and Krista Kim will designing some visual art for it too.
Let me know if you are thinking of bidding for it.
Even Mastercard is preparing to dive into the Metaverse and NFTs, after filing for patents.
And Line just launched their NFT marketplace too, right on their mobile app.
They have 90M users in Japan, so imagine the potential it unlocks to retail investors and the common joe.
The NBA was one of the pioneers to the NFT game and they killed it.
NBA fans can literally own “moments” of basketball games, like when Lebron dunks for the win or when Ja Morant goes for a sinks a deep 3.
To get a sense of just how successful they are in the NFT space:
“The highest revenue NFT project to date, NBA Top Shot, has generated $200M in gross sales in just the past month while spending very little on marketing. It’s been able to grow so efficiently because users feel like owners — they have skin in the game. It’s true peer-to-peer marketing, fueled by community, excitement, and ownership.”
So when artists, musicians, influencers, Hollywood stars, athletes, institutions, startups, corporations, fintech companies and even your cousin Mary has an NFT collection, why shouldn’t you?
Of course there is a chance it will flop, nobody cares and it will rot away in one corner of web3.
Of course you will not be able to quit your day job or make millions from it.
But if you ever wanted a side project to work on or to dip your toes into web3, this is the time and place.
I think it is a fun process to jog your creativity muscles.
If you haven’t been using them for a while, warm them up.
Try doing, buying, minting an NFT.
Learn about the process of setting up a wallet and a tiny bit on how web3 works.
Builders are always in high demand in ANY industry, especially nascent ones like web3.
Join the party, participate in the revolution, get involved, build and watch the space grow inexorably in time.
Or not.
Because if you don’t do it, someone else out there will.
Stealing a quote from something I saw on Twitter:
“Buying an NFT is angel investing in culture”.
Poetic.
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