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Impacts of the NFT market on the Blockchain economy.

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The Blockchain is a world of decentralized economy, which at the present time is going through a good economy, most cryptocurrencies recovered their bullish paths, although a few days ago they made the relevant correction starting with that of BTC, which was a correction of 10k in its price, pushing back many coins in the market, now well, that main bullish momentum that the market still lives, in my particular opinion is mainly due to the non fungible tokens (NFT), why do I have that opinion? I will explain it to you.


The image used is from Public Domain, Author: Gerd Altmann, 2020



The NFT have been intervening in the economy of many people, and with the noise that has generated mainly by its rapid market capitalization, and its inclusion in all areas, as it has allowed the incorporation of many artists from different areas, among which we can mention the fans of video games, world famous athletes, artists of painting, as well as singers of different genres who have decided to venture into this world, and the truth has been a great success.

In the world of video games, as many know the fans of video games are always looking for a variety of games, in which they can dabble and prove that they are suitable for any kind of games, currently the Axie Infinity game, has become a very popular and competitive NFT game, and also has a very good market capitalization, ie you get money quickly to play, and the better you are in the game the higher your income, this is very attractive for people who are in the world of video games.


The image used is from Public Domain, Author: Tomislav Jakupec, 2020

On the other hand, the NFT market has come in an overwhelming way to sports, that's right, many world famous athletes have managed to join this world having great success, to mention one, we can get the NBA star Lebron James, who recently sold a NFT of a dunk made by him, where a sports fan paid a sum equivalent to more than $ 200,000, which has generated confidence among athletes and sports fans to invest in the NFT and the world of blockchain.

It is so much confidence that this has generated, that yesterday reading some articles, I could get some information relevant to the sport, where 2 of the NBA teams will begin to carry on their jerseys blockchain sponsors, yes, as you read, one of these teams is the one that recently had a great sporting growth I mean the Philadelphia 76ers team, with its flagship player Joel Embiid as the main figure of this team, and the sponsorship of the blockchain in the NBA.


The image used is from Public Domain, Author: Jonas Jota, 2021

Now, the sale of art, specifically paintings, portraits or drawings of comics or cartoons is being seen with much more strength nowadays, to place some example the illustrator Jose Delbo, who was one of the illustrators of DC comics, made an illustration of Batman, taken to the NFT tokens, with which he managed to sell it in 302. 5 ETH, a very high sum of money that at the current price of the cryptocurrency is equivalent to 955,664.05 dollars, being really a huge amount of money that encourages many artists to venture into this world of NFT.



Being this the reality that is lived in the world of the NFT, at the beginning of the article I told you that my particular opinion was that the NFT were affecting in a very positive way the Blockchain, this is because many people of relevance worldwide, have decided to invest in this great world of the blockchain, with the profits generated as a result of the NFT, being this a constant injection of resources, which has generated the overwhelming growth of the price of cryptocurrencies in the current market, which despite its market correction these are still in an upward channel.

It is a reality that currently the number of artists who have decided to start in the world of NFT is very large, even music singers have decided to venture into the world of NFT taking the covers of their albums, which generates a large resource income by these people and all their fans, seeing that if your favorite artist, athlete, sculptor, musician or other who decided to enter this world was successful they can also, I would like to know what is your opinion on the matter? I say goodbye and I will be attentive to your comments.



All the images used by the Author @Chucho27 are Public Domain, in each one of them you can find the source of the image.

The image of the Banner at the bottom, is in the public domain obtained from: PixaBay