“The trends in the Digital World evolve much more quickly than the physical world. It was just a year back when people were gifting cryptocurrencies as holiday gifts to their loved ones, after a year the trend has shifted towards NFTs as a holiday gift. People are gearing towards the Metaverse and NFTs as a gift is one of the first steps towards living a second life in the Metaverse.”
NFTs as a Holiday Gift
The Non-Fungible Tokens have been one of the most sought after assets in the crypto sphere this year and had a fair share of its limelight. The year ended on a positive note for the NFTs as many people resorted to gifting their loved ones with an NFT. The NFT platforms have evolved throughout the year in an extensive manner thus providing capability to people two easily buy and send NFTs as a gift to the wallet of their family and friends.
This new trend came after last year’s trend in which people gifted cryptocurrencies to their family members. The number of NFTs being minted on a daily basis is on the rise and hence provides an opportunity for all to have the taste of this trending technology.
Reasons for Emergence of NFTs as a Holiday Gift
There are several reasons that have made the NFTs as the No.1 choice for gifting during the holidays. Let’s discuss some here:
NFTs provide True Ownership in the Digital World
The gifts are generally something of value and in a digital world, owning an asset of value previously was not possible. NFTs provide the true ownership of the asset to the one having it. This makes NFTs extremely popular. Also, the NFTs are unique and thus an NFT gifted would be a unique item and the person receiving them as a gift will have a sense of pride in owning it.
Huge Return Generating Capabilities
NFTs as a gift can be extremely profitable for the receiver as the value of NFTs grows exponentially. There are NFTs that have been sold for millions of dollars. This provides a future potential of exponential growth in the price of the gifted NFT. The gift will become even more valuable when the price appreciates and the sense of gratitude towards the person gifting will rise with the rise in the value of the gifted NFT.
Ticket to the Metaverse
The NFTs are like the tickets to the Metaverse and as the Metaverse indulgence is coming near, having an NFT as a gift can be a free ticket to the Metaverse and towards an innovative adoption of the blockchain technology. An NFT can be a collectible or an item of extreme utility in a Metaverse which makes them highly valuable for the person owning them.
Can be gifted instantly across Borders
One of the major reasons for such gifts is the ease of sending the gifts across borders without worrying about the transportation and postage charges. The NFTs can be gifted instantly to the wallet of the family members or friends making them one of the best choices as a gift.
Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.
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