Learn about NFT marketing – is the latest buzzword surrounding the digital marketing field. As part of the decentralize finance (DeFi) industry, the fields of NFT have expande from art and music to digital cartoon apes to toilet paper, taking the global digital world by storm. As of 2021, the market value of NFT has exceede US$23 billion, with an annual growth rate of more than 20,000%. Don’t forget OpenSea, the world’s largest peer-to-peer NFT trading platform by transaction volume, which hit a $5 billion Ethereum transaction volume in January 2022. There is no denying that the soaring value of NFTs makes them a strong contender for the best currency in the Metaverse .
Leading brands like Nike
Walmart, and Balmain have all venture into the Ecuador Phone Number List cryptocurrency and NFT markets, so it’s time to wrap your head around NFT marketing concepts! However, don’t be blinde by over-the-top hype, not all NFTs are as valuable as the top NFTs. As the NFT market matures, you nee a comprehensive NFT marketing strategy to promote your brand’s uniqueness and value to the public, allowing you to break through the fierce market competition! In this article, we will delve into NFT and NFT marketing, and why we nee to cooperate with a digital marketing agency to give brand NFT projects greater success!
1. Understand NFT and NFT marketing
Simply put, non-fungible tokens (NFTs) refer to digital assets that Australia Phone Number List can be bought and sold online. These tokens could represent any type of digital asset, such as art, music, tweets, websites, in-game items, or even real estate. In theory, NFTs turn them into unique, verifiable properties that can be trade on the blockchain. Simply put, creators mint NFTs by converting their art into crypto collectibles, and buyers receive it in a digital format rather than a tangible artifact on their wall.
As part of blockchain technology, NFTs are often trade using cryptocurrencies, but they are not fungible and can never be exchange. NFTs are valuable because only one version of the asset is create in that space. Each NFT contains a unique identifying code, as well as metadata indicating ownership. In other words, an NFT can only have one owner at a time, and no one can change its ownership or mint the same NFT on the blockchain. Given this scarcity, NFT creators/owners can set their own price for their assets.
