2021 was such a grand time for the NFTs, much of it hype with little attention to value-based NFTs. The power of NFTs skyrocketed to the level where people who were denying NFTs decided to consider or even invest in them. Over 6,000 NFT projects were launched, and millions were invested. When you think of NFTs, Bored Ape Yacht Club will be one of the names that will pop your mind, but that’s not all.
Many celebrities released their unique NFT collections or invested in others. People started to recognise the potential of NFTs with growing numbers of celebrities and blockchain experts investing in them. This led to an unpredictable hike in the prices of NFTs. There were know thoughts of value-based NFTs.
The Trend Train Trajectory
Discord, Twitter, and Clubhouse became the breeding grounds for the NFT trends. We first saw the trends as a vital factor with Shiba Inu and Dogecoin rising. Although they fell in price over time as the hype calmed down, nobody can deny the profit…
