As crypto-reporter Wu Blockchain reports: “According to the Google index, the search volume of the NFT keyword has suddenly skyrocketed, has far surpassed DeFi and is close to ETH. The reason could be related to celebrities like Logan Paul and OpenSea, which is the most sought after platform ”.
An NFT (in Italian "non-fungible token") is a type of special token that represents something unique. Therefore, no two NFTs are alike. Recently, billionaire celebrities and investors interested in high-end articles have also joined the NFT craze. Billionaire Marc Cuban has already joined the race and recently shared a digital collectible to commemorate Luka Doncic and Dirk Nowitzki.
The Ethereum blockchain has been one of the most popular destinations for NFTs. It hosts some of the most popular NFT games such as CryptoKitties. However, other NFT markets such as Rarible and OpenSea are gaining popularity at an equally rapid rate.
Over the past week, the cryptocurrency market has been flooded with news about NFTs and digital collectibles worth millions of dollars. Popular personalities from different categories such as music, digital artwork, sports and others are approaching NFTs.
Going forward at this pace, NFTs could soon become a multi-billion dollar market, and they could likely also see explosive growth like the DeFi market. To support NFT investors, Hex Trust launched the first NFT custody service.
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