December 04, 2021 – by Tha’ Doge PoundGuide

An NFT is, in essence, a collectable digital asset, which holds value as a form of cryptocurrency and as a form of art or culture. Essentially, they are like any other physical collector’s item, but instead of receiving an oil painting on canvas to hang on your wall, for example, you get a digital asset stored in the Blockchain forever. Anything unique that could be stored digitally and be thought of to hold value. Much like art is seen as a value-holding investment, now so are NFTs. But how? Here are 7 recent and useful facts about NFTs you probably didn’t know about!


1. NFTs can take the form of music, photos, and any other digital collectible, including books, blogs, or even Tweets.


2. Creating digital scarcity and proof of ownership, a non-fungible token can be shared and consumed but not duplicated.


3. Everydays: The First 5000 Days: $69.3 Million hold the record for the most expensive NFT ever sold and one of the most expensive artworks ever sold.


4. Available exclusively on E-NFT.com, Tory Lanez sold a million copies in just 60 seconds of his first NFT album, “When it’s Dark”.


5. On the 20th 2021, Snoop Dogg revealed on Twitter he is an NFT whale with collectibles worth over $17 Million.


6. NBA’s Top Shots sold over $200 million in a move to support the league during COVID restrictions.


7. Lionel Messi launches ‘Messiverse’ NFT crypto art collection. With Paris-Saint-Germain, his signing-on fee includes some of the French club’s cryptocurrency fan tokens.

Beeple’s collage, Everydays: The First 5000 Days, sold at Christie’s.
Credit Image: Beeple