With the growing popularity of non-fungible tokens (NFTs), there are some interesting things and pieces being sold on the blockchain in this space. In February 2022, an artist blew up his Lamborghini Huracán and sold the charred remains as his NFT. British artist Damien Hirst burned hundreds of physical artworks after selling them as NFTs on the blockchain.
buy a road to satoshi island
An ambitious development project plans to build Satoshi Island, which will transform the South Pacific island into a haven for cryptocurrency investors. This island, Rataro Island, is now mostly virgin rainforest and will be transformed into a sustainable smart city. The project is led by property developers Anthony and Teresa Welsh, who currently live on the 300-hectare island.
They plan to turn the island into a cryptocurrency investor community. The island’s biggest draw is that there is no income tax. Anthony Welch explained that the plan is for his 21,000 investors in the island who must hold citizenship NFTs currently traded on the market in order to purchase or develop the land. .
Each NFT issued typically represents a specific type of property being sold. It also provides exclusive access to an island with only 21,000 citizens. However, for those who don’t want to become citizens, the property developer says there are plans for a resort where crypto investors can enjoy the island without citizenship.
The Citizenship Pass was issued on October 30th and already has a volume of around 1,000 ETH high seas.
NFTs are not dead
NFTs are far from their glory days, but that doesn’t mean they’re completely canceled. Even during the crypto winter, they are still making waves as the creator finds innovative ways to apply his NFT ownership to projects.
NFT marketplaces see rise in volume | Source: DappRadar
These non-fungible tokens now have real-world utilities such as citizenship NFTs, away from in-game access. Trading volumes are also on the recovery side during this period as more traders return to space.
Over the last 24 hours, OpenSea’s trading volume increased by more than 30% to $22.27 million. The number of traders on his major NFT marketplaces also increased by more than 42% during this time, reaching 34,267. Data from DappRadar.
Featured image from MARCA, chart from TradingView.com
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