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The impact of blockchain technology, especially NFTs, has reached new heights. The impact is so great that big brands in all industries have expressed interest in becoming part of this field. In August, Coca-Cola auctioned off a branded NFT skin that can be worn in Decentraland. Slowly, huge organizations are leaving their footprints in this field. This is not just about brand launching series or auctioning rare works. NFT has successfully attracted the attention of important investment companies and even financial institutions. For example, the Singapore-based hedge fund Three Arrows Capital announced the creation of Starry Night at the end of August. The mission of Starry Night is "Assemble the best NFT collection in the world".
On August 23, payment processing giant VISA announced via Twitter to purchase CryptoPunk #7610 at a price of $150,000. The announcement attracted the attention of important media. Finally, last week, Sotheby's auctioned 101 works from the BAYC collection for $24 million.
All in all, mainstream audiences will help the NFT space consolidate its value. Although NFT still feels like a nascent space, it is not far-fetched to think that it will reach the numbers in other blockchain categories such as DeFi.
The impact of blockchain technology, especially NFTs, has reached new heights. The impact is so great that big brands in all industries have expressed interest in becoming part of this field. In August, Coca-Cola auctioned off a branded NFT skin that can be worn in Decentraland. Slowly, huge organizations are leaving their footprints in this field. This is not just about brand launching series or auctioning rare works. NFT has successfully attracted the attention of important investment companies and even financial institutions. For example, the Singapore-based hedge fund Three Arrows Capital announced the creation of Starry Night at the end of August. The mission of Starry Night is "Assemble the best NFT collection in the world".
On August 23, payment processing giant VISA announced via Twitter to purchase CryptoPunk #7610 at a price of $150,000. The announcement attracted the attention of important media. Finally, last week, Sotheby's auctioned 101 works from the BAYC collection for $24 million.
All in all, mainstream audiences will help the NFT space consolidate its value. Although NFT still feels like a nascent space, it is not far-fetched to think that it will reach the numbers in other blockchain categories such as DeFi.
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