- NFT industry soars high for the third quarter of 2021.
- Q3 for the NFT industry crosses $10 Billion.
- Celebrities from all trades enhance the NFT industry vividly.
The Non fungible tokens (NFT) industry as always said has been on the positive sides throughout. In many terms, it is also predicted that the NFT industry and market will reach the same as how the crypto industry is at present in the near future.
In addition, analysts predict that even if the entire cryptocurrency industry shatters and fails, the NFT industry and market will still prevail. Also, may term the NFTs to be a safer investment compared to the Bitcoin (BTC) and other altcoins.
In spite of all this, the NFT industry is always on a rise with each quarter of each year surpassing the previous quarter. Accordingly, the Q3 of 2021 has dramatically increased to an ATH for the entire NFT industry, never seen so far. And so, the Q3 trade volume amounts to a whopping $10 Billion.
Moreover, will all the sprung the Q3 value for the NFt market is actually up above the Q2 by several times though. Also, the NFT market has so far never gone down. It is profusely only up gradually over time every year.
The Celebrities Effect
The celebrities owe to be a major reason for the surge of the NFT industry. Almost all celebrities from all trades, be it the arts, music, fashion, Cinema, Sports , everyone are into the NFt industry.
In many cases, celebrities either bring out their own NFTs and often acknowledge or promote one created by others based on them. The celebrity fame and fan followings often determine the hype and epic rise of any celebrity based NFTs.
Best examples are the Canadian musician Grimes who sold audio visual NFTs of his works for $6 million. Also Kings of Leon made $2 million by releasing their new album based NFTs.
Furthermore, NBA Top Shot has so far made about 13 million transactions.