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Think of it as such that if you have 100 rupees, then you can buy an item worth 100 rupees from the market, but this type of notes can be millions of crores. At the same time, every NXT artwork has its own value, which cannot be shared. Only one person can buy them, nor can they be copied. Ownership is also always protected because of the information entered from the blockchain system. Every NFT work has a specific serial number that guarantees its uniqueness. This is the reason that now a large number of people are investing in them and collecting them. The 10-second video being talked about was bought by Pablo Rodriguez only because he knew its creator Beeple and his art. The second auction company Christie has launched a digital art auction of five thousand photographs as NXT. It was also made by Beeple. The auction is to end on March 11, the price has crossed 22 crores.
Monthly sales reached 11 million to 633 million
According to blockchain data, NFT artifacts worth just Rs 11 crore were being sold every month on the online platform Open-C, known as NXT market a year ago. But in January 2021, these digital artifacts worth 59 crores and 633 crores were sold in February. The popularity increased because we according to online experts 8-10 hours a day, a large number of people are spending 8 to 10 hours a day in the online world through computers, mobiles etc. They are also available online almost the entire time. This is longer than the real world because rest time also includes sleep time. These NXT creations are part of the digital world, so are becoming a part of our lives as well.
Trying to bring crypto currency into the mainstream
NXT is also believed to be an attempt to bring crypto currency into the mainstream, with companies like Christie, formed two and a half years ago, accepting digital coins such as Ether to buy NXT.
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