3 Reasons Why NFTs Can Be A Good Choice For Gifts
As the newest and hippest crypto kids in the blockchain industry, NFTs signify digital ownership of a wide range of irreplaceable intangibles. Although the crypto world is no stranger to NFTs (or non-fungible tokens), giving NFTs as gifts is still a novel concept. There’s no need to unwrap your gift any longer; instead, let’s create a digital wallet. Here are three reasons why you should send your NFTs as gifts to family and friends. Let’s see what we can find out!
1. An investment
The cost of NFTs has risen dramatically in recent years, reaching billions of dollars in some cases. The price of NFTs is influenced by a number of factors. The price of NFTs typically rises when celebrities discuss or post about their own NFTs on social media.
The background of the NFT is another factor that influences price increases. The ‘initial 5000 days,’ for example, is a 13-year aggregation of 5,000 Beeple’s efforts, making it the most expensive NFT in the world. Hence, NFTs can totally be a good investment as long as you chose the right one.
Finally, the scarcity of NFT limited editions boosts the value of NFTs. CryptoPunk, with 10,000 distinct pieces, and MetaWarden NFT, with only 3,000, are the best examples.
On the other hand, many consumers purchase NFTs not as investments, but because they are entertaining or provide them joy. Laura Shin, a crypto specialist, is one of them. She bought a music-related NFT, although she claims her decision was based on emotion rather than investment.
When the Kings of Leon NFT came out, I bought it because I love crypto and I love Kings of Leon, says Shin, a crypto podcast presenter and author of ‘The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze’ All she wanted to do was buy it the same way she buy anything else.”It was like an emotional thing. And that’s what a lot of NFTs are.”
2. A cool gift for gen Z investors and art lovers
Although it is still controversial if NFT art is for Gen Z, we are seeing an increasing number of Gen Z NFT art artists all over the world who have been quick to grasp the new technology and even faster to sell their works via blockchain. This was even before many millennial institutional investors grasped the concept of NFTs and the importance of investing in the metaverse.
First and foremost, NFT art is art. A piece has aesthetic worth for your personal collection if you see a representation of the creator’s thinking and appreciate the beauty in it. And, unlike traditional art, which is largely found in galleries, museums, and auction houses — or on their websites — NFT art is more accessible and transferable on web 3.0 (Web3).
If you enjoy art and want to invest in the future of the metaverse, NFTs are a great choice for your personal investment and art collection. This also makes them a really unique and appropriate gift in 2022: amaze your existing NFT-loving friends and introduce individuals you care about to the realm of metaverse with this investment option.
3. A ticket to Metaverse
If you are extremely wealthy, you can consider presenting a plot of land in Decentraland or The Sandbox to your loved ones. If your friend enjoy NFT games, you might consider purchasing a one-of-a-kind NFT in-game asset or a character for him. If your loved ones aren’t like metaverse games or experiences in general, a beautiful and expressive NFT artwork will suffice.
Of course, in a metaverse game, an NFT piece of jewelry or a luxury watch may not be worth a lot of money (depending on the game and the popularity of the asset), but it’s a lottery ticket that gives you a chance to set your foot on metaverse future. The metaverse offers a wide range of NFT investment and gift alternatives.
The terms blockchain, bitcoin, NFT, and metaverse are almost certainly familiar to your loved ones. It’s also possible that they have no idea what they are or how they work. As a result, buying an NFT gift for them could be a terrific way to introduce them to the decentralized crypto metaverse and help them embrace it from the start.
>>>Read more: 5 ideas beyond NFT artworks
Types of NFTs
Any digital asset can be linked to NFTs. Anything you view on the internet can be an NFT, including music, social media posts, and clip art. Here are a few of the most recent nifty NFTs discovered.
- In-game assets
- Virtual lands
What do you think? Will you buy an NFT as a gift for your friends and family? Don’t hesitate to share with Tokenize!
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