Wall Street & NFTs: NFT Sales Exceed $1 Billion In 2022
It’s just barely 12 days into the new year and open seas has seen more than $1 Billion NFT sales in 2022. This is so huge probably more than 10% of what apple made in 2021. It’s ironic that lots of people are making $41 Billion sales on some Jpeg over the year, something that seems impossible or rather absurd if you were to tell someone about NFTs and it’s sales 7 years ago. But here we are pumping in a lot of money like crazy into pictures.
The amount of Money that has been used to purchase NFTs and the value of NFTs right now is worth getting the attention of the Wall Street. NFTs are worth a lot right now but wait for when metaverse because the norm in the world.
Imagine the floor of a bored ape yacht club NFT being worth $217,000 for a project that is barely 1 year old. The value thé bored ape yacht club NFTs have generated has made lots of people willing to drop a lot of dollars on it. Having a bored ape yacht club NFT gives you access to a lot of perks like being in a special elite club. That is enough bragging right for owning a bored ape yacht club NFT. Imagine being in the same group with people like Stephen Curry, Post Malone, Jimmy Fallon and DJ Khaled. This is one of the reasons lots of people are ready to pay cool dollars for a bored ape at a floor price.
Two months ago Bored Ape Announced its interest in a token and a play to earn. A very good reason to make people to want to own a bored ape NFT. Months ago, bored ape NFT holders got free kennel dog NFTs and serum to mint a mutant ape. These assets worth a lot there by driving the demand and driving the value of the NFT.
My main point is, all these progress, developments and money in flow can be seen on a particular NFT collection which is the bored ape NFTs. Imagine other collections like the crypto kitties, crypto punks etc, and these are just the NFTs on open sea market place, we haven’t consider the market places on other blockchains. We have the Tezos NFT market place going crazy and we have the WAX blockchain also going good.
The Wall Street generally is known as a financial market for investment and the NFT market seems like a great area the Wall Street might have interest in. But I guess because NFTs are associated to crypto they are finding it difficult to openly accept it.
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Many of us didn't see the NFT hostile takeover coming at all. I'm sure if we had seen it coming, we would have prepared well enough to be among the first set of NFT sellers.
But mheeeeeen!
This is a whole lot of cash!
A friend of mine will say: "NFT money is not ordinary money, it is extraordinary" 😅😅😅
😂 that’s the thing about risk, if you were told 5 years ago to buy some Jpeg for $300 would you?
I'll screenshot the jpeg and save it on my phone 😅😅😅
If possible convert the screenshot from .Jpeg to .png, or even make a video out of it.
Why do I have to spend $300 when screenshot button is still working on my phone 😅😅😅
😂 Exactly what your reply will be, but here we are wishing we got the opportunity.
O damn right 😅😅
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I think the main point is grab an opportunity when you see one
Pride won’t let the Wall Street grab one now, because they are supposed to be against “crypto”.