With almost everyone across the globe struck by the NFT frenzy, the market was doing better than ever. While crypto has existed for over a decade now, meme coins and non-fungible tokens lured an array of individuals into the market. 2021 particularly, will go down in history as the year of NFTs and meme coins. This has further paved the way for speculations, taking over crypto itself.
Major fast-food chains like Taco Bell, retail giants like Nike, Adidas, Under Armour, Louis Vuitton, luxury car brands like Lamborghini, Mercedes Benz, and several others flocked into the space. Celebrities did not fall back, musicians, actors and even the former first lady were embracing non-fungible tokens.
Despite not being tangible almost the entire world wanted in on the NFT fun. Looking at the fervor around these tokens, Galaxy Digital’s Mike Novogratz suggested that it could take over the industry.
He recently tweeted,
Bitcoin continues to stand as the undefeated crypto in terms of value. However, people seemed to be steering into the NFT and meme coin space instead.
Disney is on the lookout for NFT experts
Last month, it was brought to notice that Disney was formulating its very own Metaverse. Now, the entertainment giant put out a job posting yearning for a business development manager to oversee the firm’s NFT wing. The job required candidates to aid in bolstering Disney’s venture into the non-fungible token space.
The posting further read,
“You will help lead Disney’s efforts in the NFT space including monitoring the evolving marketplace, setting category strategy, and managing key partners.”
More recently, Coachella Valley Music and Arts Festival, John Legend, and Blockbuster expressed interest in hopping onto the NFT bandwagon.
With firms of this magnitude venturing into the market, it is certainly touted as a promising arena. This further skyrocketed the chances of NFTs preceding crypto.