- Non-fungible tokens, or NFTs, are the newest trend in the crypto space.
- VCs have taken notice, funding everything from NFT marketplaces to social platforms.
- Here are the apps trying to change the art industry with NFTs.
You should’ve known something was changing when Lil Miquela, with her eerily human face and literally infinite wardrobe, graced your Instagram feed. You really should’ve known something was up when Lil Miquela – a computer-generated influencer with more than 3 million Instagram followers – began selling non-fungible tokens.
In 2020, the digital-only influencer made $82,361 from a digital-only piece of artwork. And that was just the beginning.
Non-fungible tokens, or NFTs, have had a huge spike in popularity due to recent high-profile sales, like 3LAU selling 33 NFTs for over $11.6 million and Grimes making $5.8 million from her digital collection. But many are insisting that NFTs aren’t just a fad – it’s technology that’s going to change the world.