Crypto Analytics

Why you should buy an NFT for loved ones this Christmas time – Metaverse – Crypto News

2021 is drawing to a close and the new year is just around the corner. If you’ve ever thought about getting your loved ones a very unconventional, extremely trendy, and utterly memorable Christmas present, NFT artwork can be a great option. If you decide to buy one now, it is sure to be delivered before your vacation.

NFT Art: New gold for Generation Z investors and art lovers

Whether NFT art is for Generation Z is still controversial, but we are seeing that there are more and more Generation Z NFT artists around the world who are quickly introducing the new technology and monetizing their works of art even faster via blockchain. This was before many millennial institutional investors understood what NFTs are and why it is important to invest in the metaverse.

NFT art is first and foremost – art. When you see the display of the creator’s spirit and find beauty in one piece, it has aesthetic value for your personal collection. And unlike traditional art, which you mostly see in galleries, museums, auction houses or on their websites, NFT art is more accessible and tradable on Web 3.0 (Web3).

If you are an art lover and are considering investing in the future of Metaverse, NFTs are definitely a great option for your personal investment and art collection. This also makes them a very unique and contemporary gift for Christmas 2021: to impress your existing NFT-loving friends and introduce people you care about to the world of the metaverse via this investment option.

A lottery ticket into the Metaverse future

In the “good old days”, when people chose gifts for loved ones to celebrate important holidays or anniversaries, they thought things like expensive jewelry, luxurious watches or just diamonds and gold were really valuable. There is a big question mark as to whether these traditional investments of expensive and rare items still have much value as gifts when the fiat world is already so unstable. So why not consider an alternative gift that may have greater value in the future, metaverse-oriented world: NFTs.

Of course, an NFT trinket or luxury watch may not be worth a lot of money in a Metaverse game (depending on the game and the popularity of the asset), but it is a lottery ticket that gives you a little foot in the door of the Metaverse future. NFT investments can vary widely in the Metaverse, as can gift options.

If you are very rich, you can give loved ones a piece of land at Decentraland or The Sandbox. If you really love MMORPG games, you might want to buy a unique NFT hero from this game for your friend. If your loved ones aren’t interested in Metaverse games, or Metaverse experiences in general, an artistic and expressive NFT artwork will do.

Needless to say, those who understood the potential of NFTs and got into things like cryptopunks early on are very happy now. You might be tempted to look down on such a pixelated profile picture (think of Cryptopunks here) that seems so simple that the average five-year-old could probably pull it off, and call it a scam. But many people firmly believe that this is just the beginning of NFTs, Metaverse, and the advent of a brand new world. If there’s even a ten percent chance this world will come, I wouldn’t mind spending a few hundred dollars (or a lot less) on a newly released NFT artwork that shows great potential to survive and thrive. Do you remember that faded old baseball card your grandfather left in the bottom drawer? Chances are that the value of these “silly” works of art like this kid’s Mickey Mantle card could skyrocket.

Why you should buy an NFT for loved ones this Christmas time – Metaverse – Crypto News, Crypto Trading News

NFTs are a nice way to invite family and friends to the Crypto Metaverse

It is very likely that loved ones have already heard of the terms blockchain, cryptocurrency, NFT, and metaverse. It is also likely that they do not really understand what these are or how they are work. Because of this, buying them an NFT gift for Christmas could be a great way to introduce them to the world from the start and help them embrace the decentralized crypto metaverse.

In order for them to receive the gift, you must first instruct them to download and install an NFT-supporting wallet app on their phone and to explain a little about how the wallet works. In principle, it’s not much different than helping them open a cryptocurrency wallet and simply sending them a few coins. Giving someone a digital work of art, however, is seen more as a Christmas present than a “homework” assignment from someone who wants to teach you their favorite financial technology.

After they set up the wallet for them, they are ready to receive your NFT Christmas present. If it’s an NFT asset that can be used in a game, like Land from The Sandbox, a super cool hat for the Avatar in Decentraland, or three Axie characters from Axie Infinity, even better. Now you can also help them create a Metaverse game account and let them experience the games with your gifted NFT assets.

However, it is very important to emphasize how valuable these assets are, both in the metaverse and in our reality, to ensure that they are not accidentally “spent” or exchanged for assets that are rapidly depreciating.

Why you should buy an NFT for loved ones this Christmas time – Metaverse – Crypto News, Crypto Trading News

Aside from Cryptopunks and Bored Ape Yacht Club, there are other good ones out there

Now you can open your crypto wallet and pay the selected Christmas gifts for your loved ones. If you are shocked by how much NFTS is worth today compared to a few days or months ago, don’t worry. Not everyone can afford Cryptopunks or BAYC. Unless you’re a big whale, we’ve already missed that train. But it’s not too late to start. There are many other options for you to consider.

The major NFT art marketplaces are OpenSea, Rarible, and Rarity. New, more affordable marketplaces are popping up almost daily for people to buy and trade NFT assets. Browse these marketplaces and look for something that is easy on your eyes, suitable for your loved ones, and affordable for your crypto wallet. Perhaps your NFT Christmas gift investment this year will bring your whole family a two-week luxurious trip to a European ski resort. All inclusive.

Would you buy an NFT for your loved ones for Christmas? Let us know in the comment section below.

Why you should buy an NFT for loved ones this Christmas time – Metaverse – Crypto News, Crypto Trading News

Neomi

A writer from China with experience in the arts, music, culture, technology, and travel. Bitcoin.com News sent them to the Metaverse to capture the feel of a pioneer entering this new reality.




Photo credits: Shutterstock, Pixabay, Wiki Commons


Source: Crypto News Austria

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button