NFTs dominate the Crypto world

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(Edited)

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Ever since Beeple made headlines on selling a piece of art depicting the first 5000 days of block chain the world has been in a craze for Non-fungible Tokens (NFTs). The digital art space has ballooned and is quickly becoming the largest trading of block chain tech.

The largest trading platform is the exclusive Foundation App which is currently only open to invitees but Foundation App has still managed to grow despite it's exclusivity.

Foundation App grew 1200% in a month to 6.5million users from half a million showing the growth in the sector. A different inception to the traditional digital arts sale and auction Foundation App gives artists their own profiles and they can even blog and launch announcements.

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Makerplace, Rarible, SuperRare, and OpenSea all also saw significant gains in users up to 200 to 300% growth. With $29.5 million in monthly sales volume SuperRare trails Nifty Gateway as the 2nd most profitable NFT sales platform.

Many celebrities have flocked to the sector to create their own NFTs and are profiting of the growth in the sector.

Digital art is taking front and centre as many begin to flock to auction houses to try and gain exposure and create sales which is also driving the cost of Ethereum up and continuing to increase fees.

Bounce Finance has entered the industry on the Binance chain hoping to provide a cheaper alternative to the ever increasing fees on the Ethereum network.

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Bounce Finance also offers users the ability to launch projects and tokens and their governance token BOT now Auction coin is sitting at $US60.00. Relatively unknown at one stage staking 1 Bot was having a Ethereum ROI of 0.1 a huge ROI and I'd suspect this was the reason the community was keeping it quiet.

I'm not sure if the Bounce rating is the same as the process CUB went through but the Bot token appears to rate lower than CUB (not certain if same audit) this has gotten me extremely excited as once CUB goes mainstream is there a possibility that we will be seeing a $60 CUB?

Hive has also moved into the NFT space but hasn't caught much traction due to it's low user awareness but the fees are alot cheaper and quicker transfers of NFTs.

I wasn't able to find the link to the Hive version but I believe @daveks is using it and has some beautiful pieces up on the site. Be great to have the link to the front end if anyone has it, please drop it in the comments section below.

I'm not too sure what the future will hold for NFT markets but currently there is a booming industry and if anyone is involved in it I'd highly recommend promoting Hive in this space and picking up some of that massive growth. It would make a wonderful edition as artists will also be able to blog about their art as well as selling it with the opportunity to earn more through blogging and sales.

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A unique position that no other NFT market offers and one that will greatly grow Hive as the more an artist stakes on our network the more ROI they can get.

I have to admit I have tried the NFT space but am drowned out by the expensive Ethereum fees costing $AUD150 just to register and get started on Opensea. As then I have to incorporate transfer costs into the price.my art pieces are quite price. I tried an Indigenous art piece which in real life is worth a few thousand but on the NFT marker even at a reduced price is not selling.

I did stumble across some well known guy who took an image of a watch q rare watch and is selling the image of it. He retains the watch but you keep the image. Silly? Well it was selling for high. I'm purposely not linking it because I don't think that's even remotely good to.do.

This further opens questions around money laundering, some of the things being sold for high amounts are worthless, art has always been one of those things that has been used by money launderers as there is no actual value except what the purchases sees the paintings value to be worth.

Is this currently happening with the NFT market while a few mainstream artists and celebrities are getting sucked up into it?

Only time will tell but one thing is a must, Get Hive into the rough and get our name out there!

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I have a premium subscription to a photo sourcing program which rewards artists with financial remittance. Please help support artists.

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maybe you can try to imitate that guy also. making a copy of your precious belonging, keeping the real thing of it for your self, and sell the digital copy of it in the internet. getting double profit. :)

but as I mntion at the moment NFT are just seems a bit crazy. Untill the dust settle and we found the greater use of it, it might be everyone toy, abut at the moment it is seems to be the rich play only

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I have tried but no one buying and what I put up was of value lol

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