Global search interest for the word ‘NFT' surpasses 'Crypto'
For the week finishing on Christmas, worldwide looks for the expression "NFT," which refers to nonfungible tokens, have outperformed "crypto," as per Google trends.
The sharp increase in search traffic for NFTs offers a clear indication that digital collectibles have entered mainstream consciousness, with transactions on OpenSea, the most famous decentralized platform for NFT auctions and drops surpassing $10 billion.
The biggest increase in the demand for NFTs is obvious across nearly all aspects of society.
First, consumer brands like Nike and Adidas are making their own entry into the realm of metaverse NFTs. then, celebrities such as Snoop Dog, Grimes, Steve Aoki, Mila Kunis, and Melania Trump are promoting their own NFT collections to the public. Thirdly, NFT games like Axie infinity and Sorare make it possible for gamers to learn about crypto and NFTs, as well as earn a small amount of money as a side hustle while playing video games.
In addition, the proceeds from NFT auctions could also go to nonprofits or charities, like building a school for children in Uganda. Not exclusively can crypto holders obtain fine pieces of are but in the United States, they can also deduct their donations against their ordinary revenue to save on taxes, resulting in a win-win for all.
In conclusion, NFTs make it possible for artists worldwide to communicate their abilities without the requirement for actual shows. One such ex. is Mongol NFT, which brings tables of nomadic horse riders and the history of the steppes to the blockchain.