Why You Should Launch your NFT Project
Non-fungible tokens (NFTs) are the latest spins of blockchain technology driving the world of cryptocurrency to the next level.
According to DappRadar, these unique digital collectibles have experienced 700% growth between Q2 and Q3 of 2021, taking it to a whopping $11 billion in trading volume.
More significantly, NFTs are creating millionaires, as per data from CryptoSlam, as more people find them a haven to store value in the backdrop of weakening trust in the US dollar and other fiat currencies.
NFTs have increased real-economy use cases and expanded the adoption as more creative people find ways of selling their creative digital products. NFTs are not restricted to art and creative products alone, but encompass any digital content whose uniqueness and copyright ownership can be verified, including artworks, audio, videos, drawings, and even social media posts.
Why should you launch your NFT Project?
While a year ago, just a few people within the crypto community had known what NFTs are, and how they work, these digital collectibles are today headlining every other day’s crypto news with breathtaking sales records.
Jack Dorsey, the billionaire co-founder of Twitter, shocked the world when he put up his first-ever tweet for sale as an NFT:
“just setting up my twttr”,
Yes, a Malaysian businessman bought the tweet for $2.9 million, and Jack donated the proceeds to charity.
Although the world of digital collectibles was initially dominated by digital arts, they can take many forms. What this means is that you don’t need to be an artist to sell NFTs.
Influencers, celebrities, collectors, musicians, sports personalities, producers, and so onhave also benefited from NFTs as more uses emerge in the digital world. For instance, some other notable non-artists who sold their digital contents as NFTs:
Boxer Logan Paul earned over $3.5 million in a single day when he sold a set of Pokemon-inspired collectibles. Singer Grimes grossed over $6 million with the “War Nymph” collection. Disclosure sold NFT songs for a whopping $110,000 in a single day.
It sounded crazy by then, but to date, selling such unique digital content has become commonplace.
And you can replicate this success.
Other than earning some good bucks from the sales, NFTs let you stamp your reputation, as well as reward your fans and build deeper relationships with your followers or audience.
So how can you launch your NFTs?
You can turn that unique social media content into your very own NFT.
As an influencer, you could take your popular Instagram posts, TikTok videos, or Youtube clips and let your fans collect them. NFTs will help you monetize your unique content and build your online reputation as you reward your audience as well.
This is where ForkChain comes in…
The world of NFTs can be overwhelming. You must find your way by setting aside time for research on marketplaces, crypto wallets, dealing with gas fees, etc.
But with ForkChain, the process has been made easy.
You can sell your own NFTs from top social contents on Forkchain. This allows your audience to collect and trade the NFTs of your viral social posts. You just have to choose a name!
There is no need for technical skills, Forkchain does the heavy lifting! And from there, you can monetize your content on the blockchain and get paid in crypto.
It's as simple as that.