The first quarter of 2021 saw investors return to the cryptocurrency market, as its market cap surpassed $2 trillion, while bitcoin is at a new mark of $62000. Non-transferable Token is also experiencing an increase, and a number of startups are stepping up to make money from their arts music, crafts, as well as other assets digitally.
The growing popularity of NFT in Australia, Canada, the United Kingdom,and the United States has led to the increase in sales of NFT from just $14 million in the last year to $2.5 billion in this year. HypeArt has announced the launch in the form of Hypebeast NFT along with the renowned digital artist coming in the next days.
About Hypebeast:
If one mixes the streetwear industry with blogs the Hypebeast brand emerges. Kevin Ma, the founder of Hypebeast is an inspiration for thousands of young people who believe that there is a massive market for streetwear. Many brands have attempted to convince women to purchase their product and have invested in it, whereas Kevin Ma did it with sneakers and streetwear designed for men.
Kevin’s passion for blogging and fashion has led him to create it. the people who follow it are young people leaving college. Hypebeast is an internet-based shop situated within Hong Kong dealing in streetwear footwear, sneakers and sneakers.
Hypebeast NFT a Product of HypeArt:
Hypebeast’s Art division of Hypebeast Company has teamed up in collaboration with Digital musician Fvckrender to introduce their NFT to market. The date for the launch of the fungible Token is the 29th of October which will then be available until 5th November 2021. The reserve price of this Token will be 1ETH and will be accessible via HyperArt as well as OpenSea.
The partnership between Hypebeast magazine and Fvckrender is expected to deliver top quality digital art into Fvckrender’s NFT space. The floral design from the magazine’s cover with Hypebeast over it is the actual image of the art we’ll be seeing soon.
Hypebeast NFT expects an enthusiastic response from this same segment, which makes it among the top popular brands of the present.
What’s the Future of Hypebeast Digital Art?
The digital image of a lion posted on Twitter has a lot to say; it is based on the future of projects, development and how the metaverse expands the digital world. Presently, it’s difficult to speak concerning NFT as well as its potential. this space is just about to explode in the beginning of 2021. People are looking to make money through their belongings and works of art.
Hypebeast’s NFT of lazy lions using their Twitter account will become trained and fight in the future in metaverse space and provide a financial reward to the owners. The rise in value is the sole reason for purchasing the NFT however, the recurring income can take the NFT to a higher level.
Final Verdict:
Five blogs a day have led to the creation of a brand the Web . which is now worth $ 400 million and its first digital product is set to go up to auction on October 29th. There’s a report of an NFT which aren’t performing as well as we expected however at one point, Bitcoin too was available for sale at a price of zero dollars.
