The NFT market is expected to be worth $230 billion by 2030, which is more than 20 times what it was in 2021, even though well-known projects like Bored Ape Yacht Club have suffered significantly, with floor prices falling below $100,000 this year.
NFT Art allows us to express our thoughts, emotions, intuitions, and desires through digital art with the ability to monetize our art pieces. It could be a monkey, a cat, or any other fictional creature that resembles the creator's vision and can elicit feelings and expressions in others.
Street art is known for being mortal, it is one of the most short-lived forms of art and is often lost in a matter of months.But what happens when NFTs come to the rescue and help with street art preservation?
Almost 3% of the Bored Ape NFTs have been collateralized by the NFT lending platform BendDAO, and several other NFTs have also entered the "danger zone" of liquidation.
Many NFTs are now popular, whether for collecting as an asset or showing support for the community and creating engagement. Still, many people are unaware of where these NFTs are stored.
The Milan-based company Cinello was given a five-year contract to digitally reproduce art pieces from the Uffizi museum's collection. The company produced digital artwork called DAWs
That’s right Yuga Labs have been accused of having Nazi origins. Ripps has accused the Yuga Labs of having Nazi origin, he said they were “super-secret Nazis”