If you think that the cryptocurrency industry is only limited to being a traditional finance alternative solution then you are mistaken. It is true that the cryptocurrency industry was brought into being with the very ideology. However, the cryptocurrency industry has come a long way since 2009 and it now offers way more than what it is perceived to be offering.
The years 2019 and 2020 have proven to be the golden age for the cryptocurrency industry. Especially the year 2020 has proven to be something out of the world for the cryptocurrency industry. The year not only saw the cryptocurrency industry thrive throughout the year but saw the industry introduce new products.
Although there were numerous products launched by the cryptocurrency industry, one of the most prominent one was NFT. The non-fungible token (NFT) has proven to be the best for the cryptocurrency industry. As a result of the NFT service and technology, the entire crypto-industry has earned a lot of exposure and adoption from different sectors.
The NFT technology is adaptable and essential for any sector or any individual if they are willing to give it a try. At present, the technology has gained wide adoption in sectors that include gaming, sports, arts, videos, and gaming.
There are several companies that are now using the NFT technology to offer their fans and followers with unique tokens. They can acquire the tokens and use them to purchase electronic merchandise from the platforms. This way, the users, fans, players, and followers have the opportunity to interact with their ideals and favorites on an entirely different level.
However, the NFT technology has gained a lot of success and recognition in the digital artwork sector. There are several artists that are now auctioning their digital artworks through several blockchain based marketplaces and making huge bucks.
Just recently, another digital NFT made the headlines for being sold at a really high price. The NFT making the headlines is the ultra-rare “alien” CryptoPunk that has taken the entire NFT industry was surprise.
It has been revealed that the particular CryptoPunk has been sold for a whopping 605 Ether (ETH). At the time of publishing, the 605 Ether (ETH) translate into $810,000.
The CryptoPunks are known to be the original and first-ever NFT projects. The CryptoPunks were released even before the Cryptokitties. Larva Labs, which is the developing company for the Punks has revealed that so far, they have accumulated a total of $26 million from Punks’ sales.
The company also revealed that until 2020, the average price of their sales for the Punks was $6,199. The company stated that every Punk they create is unique and one of a kind. They all have different backgrounds, accessories, and most importantly, each one of them has ultra-rare features.