From art to gaming: The biggest NFT trends of 2021

According
to
a
recent
report
by
Cointelegraph
Research,
the
volume
of
nonfungible
tokens
(NFTs)
sold
this
year
could

eclipse

$18
billion.
From
artwork,
music
and
in-game
characters
to
videos
and
photographs,
these
minted
certificates
of
ownership
for
digital
assets
on
blockchains
are
well
sought
after
by
collectors,
investors
and
philanthropists
alike.
They
can
also
be
freely
traded
across
decentralized
NFT
platforms
such
as
OpenSea.
Without
further
ado,
let’s
look
at
the
biggest
trends
developing
in
the
NFTs
space.

1. Celebrity
and
contemporary
NFTs

Of
course,
at
the
number
one
place
this
year,
as
there
was
no
shortage
of
NFT
drops
and
collaborations
in
the
entertainment
industry.
Highlights
include
Mila
Kunis’
Stone
Cats
NFTs
drops,
which
sold
out
in
about
35
minutes
and
caused
soaring
gas
prices
on
the
Ethereum blockchain
to
process
the
transactions.

In
November,
rapper
and
songwriter
Snoop
Dogg
auctioned
off
a
3D
collage
consisting
of
10
different

portraits
of
himself
at
various
stages

in
his
professional
career,
with
the
winning
bid

amounting

to
188
ETH
(around
$700,000).
In
mid-December,
NBA
star
Kevin
Durant
announced
a
partnership
between
his
firm
Thirty
Five
Ventures
and
Coinbase
to

collaborate
on
NFT
drops
.

Then,
there
was
director
Quentin
Tarantino
announcing
the
auction
of

seven
uncut
scenes
from
Pulp
Fiction

as
NFTs
built
on
the
privacy-oriented
Secret
Network.
However,
Tarantino
may
have
had
too
much
of
an
appetite
in
joining
the
hype,
as
productions
company
Miramax
filed
a
lawsuit
against
Tarantino
over

alleged
copyright
infringement

stemming
from
his
NFT
sale. 

However,
as
directly
rated
by
crypto
enthusiasts,
the
most
popular
NFTs
are
those
featuring
“pixelated
punks”
created
by
artist
Crypto
Punks.
The
group
currently

holds

the
top sales
volume
on
OpenSea.io
with
750,300
Ether
(ETH)
worth
of
digital
art
(about
$3
billion
in
today’s
price)
traded
since
its
inception
in
2017.
Their
success
has
also

attracted
partnerships
and
deals

with

top
Hollywood
agents
.

2. Play-to-earn
NFT
games

NFTs
are
not
only
meant
to
be
displayed.
One
blockchain
game,
Axie
Infinity,
involves
players
dueling
one
another
or
nonplayable
characters
and
completing
daily
quests
with
in-game
creatures
known
as
Axies.
Each
Axie
is
a
unique
NFT
that
can
be
bought
and
sold
on
the
Ethereum
blockchain.
The
minting
of
Axie
NFTs
is
known
as
breeding
in
the
game,
with
rarer
Axies
having
better
stats
and
subsequently
costing
far
more. According
to
its
official
marketplace,
the
total
volume
of
Axies
bought
and
sold
in
the
past
30
days

amount

to
over
125,000
ETH,
or
around
$500
million.

In
addition,
players
can
purchase
virtual
land
NFTs
in
the
game.
Such
digital
real
estate
represents
locations
where
monsters
and
bosses
spawn,
in
addition
to
hosting
an
abundance
of
resources.
The

most
expensive
Axie
Infinity
land
ever
sold
 took
place
last
month
for
550
ETH
($2.3
million
at
the
time).

Another
popular
choice
is
NFT

fantasy
soccer
game

Sorare.
Through
Sorare,
players
can
manage
their
own
soccer
teams
via
digital
player
NFT
cards.
According
to
its
CEO,
Nicholas
Julia,
over
half
a
million
players
joined
the
platform
organically
without
marketing
efforts.

3.
Metaverse
NFTs

Developments
in
the
Metaverse,
a
digital
realm
comprising
a
3D
augmented
reality,
have
been
gaining
traction
ever
since
Facebook
rebranded
itself
as
Meta

back
in
October.
NFTs
play
a
pivotal
role
in
the
Metaverse
to
guarantee
the
uniqueness
of
virtual
assets
such
as
player
avatars. Meta’s
head
of
Metaverse
products,
Vishal
Shah,
said
in
an
announcement
that
the
new
platform
“will
make
it
easier
for
people
to
sell
limited
education
digital
objects
like
NFTs,
display
them
in
their
digital
spaces
and
even
resell
them
to
the
next
person
securely.”

Right
now,
there
is
a
massive
21-level

skyscraper
being
built
in
the
Metaverse

by
Bloktopia
to
pay
homage
to
the
maximum
21
million
Bitcoin
(BTC)
that
can
ever
be
created.
Notable
consumer
brands
like

Adidas

and

Nike

are
also
entering
the
Metaverse,
partnering
with
contributors
to
develop
NFT
artwork
for
their
namesake
brands.
Above
all,
developers
at
virtual
metaverse
game

Sandbox

wish
to
defend
the
realm
against
the
threat
of
monopoly
from
big
tech.


Bloktopia
in-game
screenshot
.

Source:
Bloktopia 

4.
NFT
philanthropy

There
has
been
significant
growth
in
the
number
of
charities
accepting
crypto
donations
in
2021.
One
platform
facilitating
such
transactions,
the
Giving
Block,
saw
donations surge
to
over
$100
million
 this
year,
compared
with
$4
million
for
all
of
2020.
The
firm
is
partnering
with
NFT
platforms
so
a
portion
of
auction
proceeds
can
go
directly
into
crypto
non-profits,
with
direct
NFT
donations
being
a
possible
future
development
route.
In
the
United
States,
investors
can
deduct
their
charitable
donations
directly
against
their
ordinary
income,
usually
over
a
few
years,
resulting
in
a
win-win
situation
for
all.

But,
philanthropic
ventures
in
the
NFT
realm
go
far
beyond.
Thus
far,
NFT
auctions
have
helped
raise
enough
funds
to

build
a
school
in
Uganda

and
support

frontline
healthcare
workers
.
In
2022,
an
up-and-coming
NFT
auction
will
help
raise
awareness
for

contemporary
artists
with
developmental
disabilities
.
Meanwhile,
the
proceeds
from
another
will
go
to
a
charity
of
choice
by
the
former

Italian
royal
family
.


Crypto
Giving
Tuesday
Recap.
Source:
The
Giving
Block 

5.
NFT
world
art 

With
traditional
art,
artists
have
to
travel
around
the
world
to
participate
in
exhibits
and
auctions
to
make
their
work
known

a
privilege
only
reserved
to
those
with
sufficient
capital.
But,
with
the
rise
of
decentralized
NFTs
marketplaces,
anyone
around
the
world
can
mint,
showcase
and
sell
their
art
with
little
startup
capital,
thereby
connecting
cultures
worldwide.

Two
notable
mentions
are
the
Melanated
NFT
Gallery
and
Mongol
NFTs.
Melanated
NFT
Gallery
features
contemporary
African
and
Latinx
artwork
such
as
landscapes,
photographs
of
jazz
icon
Miles
Davis,
DJ
music,
guitar
audio,
trading
cards
and
other
music.
Meanwhile,
the
Mongol
NFTs
platform
contains
NFT
images
of
pastoral
nomadic
steppes
of
the
namesake
country
and
its
history,
traditions
and
customs
as
told
by
Mongol
artists.
It
has
surpassed
100,000
registered
users
and
1.5
billion
Mongolian
Tugrik
($550,000)
in
sales.


NFT
Arts
by
Mongolian
Artists.

Source:

Mongol
NFT

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