Importance Of Integrating IRL Arts With NFTs

Importance Of Integrating IRL Arts With NFTs

RTFKT Studios has set an example of how integration with a well-known artist can elevate the inherent value of a NFTs digital collection for a mutual potential benefit. In that case, CloneX partnered with Japanese contemporary artist, Takashi Marakami, to launch the NFTs collection, with his influence dripping into the NFT collection on some CloneX avatars inspired by his previous artworks.

The Japanese artist recently created around 2,500 Flower NFTs and gave CloneX avatars a spot on the list. Surprisingly, On March 30, Marakami Flower hit the secondary market and surged in value from an average sale price of 6 Ether ($17,910) to the current 9.2 Ether ($27,462). In less than two weeks, the average market price of Marakumi Flower NFTs has increased 61%.

CloneX NFTs Sell Out

Josie Bellini, a renowned crypto artist, and CyberBroker creator, has introduced another level of detailed art that is innovative and layered with lore. According to NFT wallet trackers, more than 50% of CyberBrokers holders have wallet addresses with more blue chips, unlike average investors.

Since its official launch, CyberBroker’s average price has increased by over 274%. In the future, artworks turned into digital may hold significant value for their historical relevance.

Just like Takashi Marakumi, Joan Catallan, a renowned Spanish artist, recently integrated digital media company FWENCLUB to launch the NFT collection known as “MOAR,” which has risen to the top spot in the chart for total volume on OpenSea. Since it hit the secondary market on April 8, the NFTs asset is up 320%, trading at 1.11 Ether ($3,283).

MOAR NFTs feature 5,555 souls of creatures lining a mansion in the metaverse. Interestingly, there are over 3,700 unique wallet addresses that own a MOAR NFT.

Upcoming NFTs Projects In Q2 2022

The second quarter of this year could have several liquidity-pumping announcements in close succession. Although many NFTs netizens on Twitter have made more guesses, there are already a few pending projects that could restore overall hype and liquidity in the NFT market.

CyberBroker is among the notable projects intending to make progress in Q2. The project will airdrop free NFTs for all owners whose value could potentially increase as the CyberBrokers gaming ecosystem continues to launch a project.

Following in the footsteps of RTFKT Studios, which initiated community-collective quest-solving for its MNLTH NFTs, CyberBroker announced this month that it incentivizes all brokers with a cosmetic item for their NFTs. Communities patiently wait to receive their NFTs to unlock feature airdrops.

Azuki NFT has already airdropped two unrevealed red BEANZ tokenized blocks to each NFT owner, in a move that stirred up controversy on Twitter regarding their net worth. According to Azuki, eligible participants will continue claiming until April 14, and it will start revealing NFTs the following day.

Azuki NFT airdrop has impressed the NFT market, giving Azuki a run-up past 25 Ether ($77,879). The mysterious NFT rapidly surged over 3 Ether ($9,440.10), and BEANZ is currently at 5.45 Ether ($16,268.25). Its average sale price was high at 44% since it hit the secondary market.

Azuki NFT

As the NFTs markets appear to be gradually blooming, collectors are preparing to start turning their initial investments into larger ones through the new mechanism of NFT airdrops.

Apart from focusing on token emission, collectors are targeting projects that add value to their communities, including projects that offer illiquid assets that quickly turn liquid.

Although some NFT pundits claim airdrops dilute the collection, many are taking such an opportunity to create long-term investments that often compound the size of their portfolio. The integration between liquidities and collectors could make a fruitful Q2 for NFTs and the Web3 ecosystem.

Most Viewed Review

Leave a comment

Your email address will not be published. Required fields are marked *