The first quarter of 2021 saw investors return to the crypto market after its market cap surpassed $2 trillion and bitcoin has surpassed a record highest of $62000. Non-transferable Token is also experiencing an increase in sales, and many new companies are seeking to make money from their arts music, crafts, as well as other assets digitally.
The growing popularity of NFT in Australia, Canada, the United Kingdom,and the United States has led to the increase in sales of NFT from just $14 million in the last year to $2.5 billion in the current year. HypeArt has announced the launch to Hypebeast NFT featuring the well-known digital artist coming in the next days.
About Hypebeast:
If one mixes the category of streetwear with blogs and a blog, the Hypebeast brand emerges. Kevin Ma, the founder of Hypebeast could be an inspiration to hundreds of youngsters who believe there is a massive market for streetwear. Many brands have attempted to convince women to purchase their products and then invest in it, whereas Kevin Ma did it with sneakers and streetwear designed for men.
Kevin’s passion for blogging and fashion has led him to create it. its customers are teenagers graduating from college. Hypebeast is an internet-based shop situated within Hong Kong dealing in streetwear as well as sneakers and other shoes.
Hypebeast NFT a Product of HypeArt:
Hypebeast’s Art division of Hypebeast Company has teamed up together with Digital musician Fvckrender to introduce their NFT to market. The date for the launch of the fungible Token is the 29th of October which will then be available until 5th November 2021. The reserve cost for this Token will be 1ETH It will then be available via HyperArt along with OpenSea.
The partnership between Hypebeast magazine and Fvckrender will bring top quality digital art for this NFT space. A floral image from the magazine’s cover with Hypebeast over it is the real-time image of the art we’ll be seeing soon.
Hypebeast NFT expects an overwhelming response from this same segment, which makes it among the top popular brands of the present.
What’s the Future of Hypebeast Digital Art?
The image of a lion posted on Twitter is a variety of things to tell. It is contingent on the future of projects, development and the way that the metaverse is filling the digital world. Presently, it’s difficult to speak regarding NFT as well as its potential. this space is just about to explode in the first quarter of 2021 and many are trying to make money by selling their possessions and artwork.
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Hypebeast’s NFT of an uninterested lion on their Twitter account could become trained and fight in the future metaverse with a potential financial gain for its owners. The value increase is the only reason to consider purchasing the NFT but the possibility of regular income will propel the NFT to a higher level.
Final Verdict:
Five blogs per day has produced the creation of a brand the Web . which is now worth $ 400 million and its very first digital product is set to go up to auction on October 29th. There are reports of NFT which aren’t performing as well as we expected however at one point, Bitcoin too was available for sale at a price of zero dollars.
