The human desire to collect items of interest or value did not develop alongside cryptocurrencies. In reality, human beings have been collecting things for as long as there have been items to collect. Is it then so surprising to think that they would continue to do so with new technologies such as the groundbreaking new platform Earnity by Dan Schatt and Domenic Carosa?
Non-fungible tokens (NFTs) are the latest craze in the world of cryptocurrencies. They have dominated headlines, social media, and portfolios since the second half of 2021, and there seems to be no sign of them slowing down.
NFTs allow individuals to invest in the ownership of digital art in many different forms and appear to have taken advantage of the human desire to collect valuable items. Many NFT creators have now begun to release NFT themed collections as alternative investment opportunities.
A themed collection is a group of NFTs that are all similar to one another. Some of the most widely recognized themed collections are the Bored Apes, CryptoKitties, and the infamous Crypto Punks.
Indeed, platforms like VeVe and other NFT marketplaces have found tremendous success in releasing these themed collections, with many items being purchased instantly and rapidly rising in value.
With themed collections having exploded so dramatically over the last few months in 2021, many spectators are wondering whether the euphoria in the NFT market can continue for much future? It’s impossible to stay how long NFTs will enjoy this unprecedented bull market, but it can be said that NFTs are definitely here to stay and will likely play a significant role in the future of finance.