NFT is gaining interest from many industry giants, each devising innovative strategies to get a cut of the action. Individual NFT owners are also not left behind in this rush to be at the top of every new concept that springs up in the NFT space.
While some new trends might be of little value in the long run, a few couples are slowly proving that they are worth a second glance and could be the next big thing in the NFT space.
In this interview, NFT expert Clancey Braxton Yohman has given all details about top NFT trends for enthusiasts to check out and possibly invest in.
What are the most popular NFTs currently?
Clancey: Since NFTs debuted in the digital space a few years ago, a couple of them have risen to be highly rated among enthusiasts. Most of these NFTs fall into the art category, including Crypto Punks, Bored Ape Yacht Club, and Pudgy Penguins.
Another highly rated type of NFT is trading cards. These cards are created as a virtual version of collectible items, such as limited-edition baseball cards, giving others the exclusive right to own something similar to the original. Currently, they sell within the range of hundreds of thousands of dollars to over a million.
Are there any new trends NFT enthusiasts should watch out for?
Clancey: A couple of new trends have popped up that are worth checking out. The most relevant of the bunch include NFTs created by AI and participation from big brands in established communities by creating NFTs tied to their products.
Fractionalizing valuable collectibles are also in vogue at the moment. Unlike traditional artworks, an NFT can be fractionalized or divided into many cheaper bits that can be purchased by the less wealthy.
Where can NFT enthusiasts get details about the latest trends
Clancey: You can get all the details from NFT-related blog sites that share information about digital assets. NFT marketplaces where NFTs are being traded also share such info through their weekly or monthly newsletters.
Furthermore, if you belong to an NFT discord community or any other social media platform, your fellow enthusiasts will also pass along information about new trends.
Is there any way NFT enthusiasts can cash in on these trends?
Clancey: NFT enthusiasts can cash in on these trends by buying up the new NFTs that spring up from them. This should be done after due diligence has been carried out. At the same time, it is best to invest early so that you can make a profit before every other Tom, Dick, and Harry joins in on the trend.
Hence, keeping track of all the NFT news outlets is essential so you don’t get in on the trend when it’s too late to make a profit.
Will these trends lead to more cases of counterfeit NFTs
Clancey: Already, the NFT marketplace is flooded with fake art created by fraudsters looking to cash in on the hype of the original art. Therefore, it won’t be surprising if new trends lead to more counterfeit art entering the market.
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