NFTs are just heating up, and this NYC stunt shows why

Published by
NFTs are just heating up, and this NYC stunt shows why

$11.8M for an Alien CryptoPunk auctioned off by none other than Sotheby’s, the gatekeepers of fine art comes as a surprise to all those who prematurely rang the death knell of the NFT revolution after Beeple’s iconic $69M sale of “Everyday—The First 5000 days”.

NFTs can no longer be dismissed as a comet that burns bright and fades into oblivion but rather an asteroid heralding the extinction of the artistic monopoly held by too-big-to-fail billion-dollar corporations.

NFTs allow people to buy & sell ownership of unique digital items. They can contain anything digital, including drawings, tweets, animated GIFs, songs, or even video games.

The tendency to spend more of our lives in virtual worlds has accelerated our adoption of NFTs. Metaverses like Roblox have stores where you buy designer Gucci bags that, at times, cost more than its physical version.

That said, NFTs are starting to inch their way into traditional markets such as:

  • Property & vehicles (your NFT can be a key).
  • Video games & virtual worlds (skins, items, pets).
  • Even the legal world of lawyers, notaries, & lawmakers.

Oh, and by the way… You can also get married on the blockchain. In the first (but definitely not the last) incident, two Coinbase employees exchanged NFTs as virtual rings via their smartphones during their wedding ceremony.

There’s even a game-changing social app being built that allows you to NFT every 60s video you create. You own the content and its rights. You have complete control over how much to sell it for. You choose who to license the rights to.

Imagine TikTok with every piece of content tokenized, and you could own your favorite creator’s media—it’s called Glimpse.

Glimpse is currently featuring the first redeemable NFT in Times Square, ever—on a 10,000 square-foot billboard…

If you scan/redeem one for yourself, make sure to enter their raffle giving away $1,000 worth of $GLMS & an NFT from their founding team.

This all goes to show that the utilization of NFTs is limited by one’s creativity. As the platforms you use every day adopt them, you’ll likely wind up owning dozens if not hundreds of NFTs.

Advertisement
Share
Stan Peterson

A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : stonehedge.miner@gmail.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Crypto News

PENGU Rises Despite Crypto Market Downtrend as Pudgy Penguins Appear on Las Vegas Sphere

PENGU price went up slightly even though the entire crypto market was on the decline…

December 24, 2025
  • Crypto News

Binance Lists First Nation–Backed Stablecoin; CZ Reacts

Kyrgyz President Sadyr Zhaparov has announced a major launch tied to his country’s national currency.…

December 24, 2025
  • Crypto News

U.S. Initial Jobless Claims Fall To 214,000; BTC Price Drops

The U.S. initial jobless claims fell last week, way below expectations, suggesting that the labor…

December 24, 2025
  • Crypto News

BlackRock Deposits Millions in Bitcoin and Ethereum as CryptoQuant Flags Growing Bear Market Risk

Asset manager BlackRock has transferred millions of dollars in Bitcoin and Ethereum to the crypto…

December 24, 2025
  • Mining

NiceHash Review: Trade HashRate and effectively manage your POW mining facility

Hashrates are essential in POW mining. They determine profitability and contribute to network security. Running…

December 24, 2025
  • Crypto News

US SEC Deliberates Nasdaq Bitcoin Index Options Approval amid Rising Derivatives Demand

The US Securities and Exchange Commission (SEC) is moving forward with its review of a…

December 24, 2025