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BTC $42288.00 (-4.1%)
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BCH $507.81 (-6.8%)
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BNB $350.12 (-7.4%)
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Crypto Market Recovers Slowly, NFTs Lead The Charge

Crypto Market Recovers Slowly, NFTs Lead The Charge
  • NFTs sales are on the rise despite the recent crypto market crash.
  • The ‘World Wide Web’ NFT makes $5.4 million.
  • Twitter announces 140 free NFT drops.

On the crypto market’s current road to recovery, it seems NFTs are in a league of their own. Despite the slump that cryptos are trying to regain traction from, non-fungible tokens (NFTs) seem to be running at full throttle.

While some traders are mulling over crypto trading, awaiting another slump or another surge, the same cannot be said for NFT trading. People seem to be completely invested in NFTs. Specifically, more and more NFTs are seen trading or given away in auctions every day.

Recently, Tim Berners-Lee made headlines with his latest NFT sale. In detail, the ‘World Wide Web’ NFT made $5.4 million. Sotheby organized the sale. Moreover, along with this NFT, other NFTs were also available for auction. The company took crypto payments in return for the auctioned items.

The WWW NFT is an Ethereum-based NFT token. Specifically, it presents the source code of the World Wide Web that Berners-Lee wrote in 1989. After multiple bids from 50 different parties, an unknown bidder won the auction. 

In particular, the auction item consists of 3 files. The first is an animated video of the WWW’s source code. The second is a digital poster of the same code. The third is the archive for the original dated time-stamped files.

Meanwhile, Twitter too made an appearance in the NFT sphere. About 18 hours ago, the social media platform made an announcement on its official Twitter account. It said that it will be ‘dropping NFTs all day’. Moreover, it also posted saying ‘140 free NFTs for 140 of you, besties’.

True to its word, the platform has really been dropping NFTs all day. All the pieces so far seem to be of a recurring theme — Twitter. At the moment Twitter has placed 7 NFTs for auction on the popular NFT marketplace — Rarible. These NFTs are indeed one of a kind. One, in particular, shows the evolution of the Twitter logo. Currently, all 7 NFTs are receiving multiple bids.

Notably, there is no surprise in Twitter’s sudden NFT drops. Mostly because its founder and CEO — Jack Dorsey, has shown repeated interest in the technology. For instance, just a few months ago, Dorsey received bids for an NFT of the first-ever Tweet.   

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An eager wordsmith who conveys her thoughts and fascinations through words and storytelling. Besides lurking on new and emerging technology forums, she’s always updated when it comes to blockchain.