Hey guys welcome back to my channel and in todays blog we will be discussing about NFT’s most of you internet nerdies may know what NFT is and some of you might be even trading the one who don’t know about it, NFT stands for non-fungible token. It's generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that's where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. In the world of NFT’s collectors spend millions to buy the latest digital art every week. Some have criticized this massive spending because they perceive that digital art is something easily copied and reproduced. However, blockchain technology allows digital artists to protect their work and offer a certificate of authenticity for each one. Isn’t that cool
So lets check out
Top 12 Notable NFT GIFs to Inspire You
1. Nyan Cat by Chris Torres
Nyan Cat became an Internal viral sensation when it was originally uploaded on April 2, 2011 BY chris torres. The design was inspired by Marty, the owner’s cat. It was his way of immortalizing his beloved pet. For the 10th anniversary of the GIF sensation, Chris remastered the GIF and sold it as an NFT for a whopping $583,464.
· 2. Finite by Pak
Pak is a superstar in the world of digital art and responsible for some of the best NFTs around
3. War Haul by Jake
War Haul is one of the most recent NFT GIFs that sold for a quarter of a million dollars. It was created by visual artist Jake who describes himself as a boy with a dream. The GIF depicts barrels of oils set on fire with the deeper meaning left to the public to ponder.
· 4. Lova Park by OSF
Warning: Photosensitive artwork ahead. This is the disclaimer that meets every user who stumbles upon OSF’s website and art collections. However, this didn’t prevent him from hitting the jackpot when his NFT art Lova Park sold for 82 ETH, equivalent to almost $270,000. The neon-hued GIF was originally acquired for 11 ETH by another user before being acquired for 82 ETH. It shows a surreal scene in an amusement park where a roller coaster passes through a Ferris wheel.
· 5. Welcome Home by Coldie
Another recent SuperRare sale for almost a quarter of a million dollars was Welcome Home by Coldie. It was a secondary sale of 75 ETH from the original listed sale of 6 ETH 3 years ago. The GIF shows a silhouette of a man moving toward a place marked Welcome as he passes a road with changing colors.
· 6. Life and Death by DeeKay
Unlike the other GIFs in this list, Life and Death by DeeKay is more of a short animation video than a GIF. Although only 30-seconds, the art is polished like a standard cartoon, and there’s background music that loops with the video. Apart from the $1M sale price, the buyer's identity and his Twitter thread, where he shared his reasons for buying the NFT, make this GIF stand out. It was also the artist’s first NFT million sale.
· 7. Right Click and Save As Guy by XCopy
By far, this is one of the most expensive NFT GIFs sold. The buyer is no other than Snoop Dog. The GIF was created as a joke to NFT detractors who believe owning NFTs is superfluous because you can always right-click and save a copy of the digital art on your own PC. Of course, this is inaccurate since NFTs are proof of authenticity. It’s similar to owning the certified original Mona Lisa despite having thousands of copies.
· 8. Crossroads by Beeple
Crossroads is a political art piece created to show a different version depending on the outcome of the US election. It was originally sold for $66,666 but ballooned to 100x more after a year. It was eventually bought for $6,600,000. The short animation showed a heavy-set man, depicted to be Trump, lying in the background as people pass through.
· 9. A Coin for the Ferryman by XCopy
XCopy has been hailed as a pioneer in the NFT crypto art space resulting in the explosion of the value of his earlier works. One of these is A Coin for the Ferryman, originally sold for 0.5ETH ($139) 4 years ago. About seven months ago, user @jpeggy offered to buy the artwork for 1330ETH or $6 million. The artwork depicts a scribbled man in a suit set against strobing colors.
· 10. Metarift by Pak
Pak is known for creating geometric NFT art and is often believed to be a team of artists. Metarift is another mesmerizing NFT GIF that sold for close to a million dollars in the NFT marketplace MakersPlace. It’s a metallic geometric loop consisting of an infinity symbol and spherical balls reminiscent of flowers.
· 11. All-Time High in the City by XCopy
We don’t want this list to be monopolized by XCopy, but we can’t deny that he has the most expensive GIFs that sell for millions of dollars. While other NFT artists create different NFTs, like still images and digital sketches, XCopy focuses solely on static-saturated sketches flashing frantically. The images are mostly dystopia and death-themed, which strikes a chord with collectors. Currently, All-Time high in the City is already listed at 33,666 ETH (roughly $66M).
· 12. Neon Village by Seerlight
Neon Village may not be the most expensive NFT GIF on the list, but it certainly deserves a spot. The GIF is anime-inspired and features clean lines and bright colors typical to most anime series. It was originally sold for 7 ETH when it was listed but has increased to more than 10x the original value two months later. The new owner bought the art piece for 100 ETH ($348,000). This shows how NFTs can be rewarding for creators.
The NFT Creator Economy
Currently, the established creator economy is estimated to be worth over $100 billion and is on a growth trajectory that could see it reach into the trillions within a few years. Bear in mind that this astronomical growth has come about in an environment where creators have very few means of directly monetizing their content.
According to Influencer Marketing Hub, over three-quarters of creators rely on brand sponsorships as their main revenue source, whereas only around 5% depend on ad revenues. Creators have found other ways to monetize, too – affiliate marketing, selling courses and tips from fans all provide additional revenue streams.
Dependence on any given platform can also be a vulnerability, as Russian influencers discovered when the government banned Instagram in mid-March. Platforms themselves also don’t hesitate to ban even the biggest creators if they believe there may be a threat to their brand. For instance, YouTube dropped megastar PewDiePie from its advertising platform in 2017 after he posted anti-Semitic content to his account.
NFTs may be one of the most talked-about trends happening on social media, although until now, NFTs haven’t featured much within social media. But that’s set to change.
At the start of this year, Twitter launched a limited feature that allows users to upload NFTs to their profile in the same way as a profile picture. At an event at SXSW in late March, Mark Zuckerberg announced plans to integrate NFTs into Instagram “in the near term” – and those plans materialized faster than most expected. Instagram head Adam Mosseri just shared on Twitter that the photo-sharing platform is rolling out the “ability for creators, and people, to share NFTs that they’ve made or that they’ve bought, either in Feed or in Stories, or in messaging.”
YouTube is also getting in on the act. A February announcement brought news that the firm will launch new creator tools, enabling video makers to sell their content as NFTs. Spotify is also reportedly (subscription required) exploring NFTs, having recently posted job ads for Web3-focused positions.
The value of being able to use an NFT as a profile picture may seem somewhat questionable, but these last two developments perhaps give the biggest clues as to the potential benefits of including NFTs in the established social and media landscape – monetization.
Zooming out, one thing is very clear. Media and communications have been the mainstay of the tech boom for the last two decades. Decentralized technologies have long been looming as a distant threat, but now, if the creator economy is placing its chips on the decentralized roulette, will that be a true game changer?
The NFT craze is now accelerating the clash of the centralized and decentralized worlds, and it’s putting big tech firms like Meta and Google in a precarious and pivotal position, one that might even pit them against creators, the actual fuel that runs these platforms. So that’s it for today’s video I will be meeting you in the next until then be curious and keep on doing healthy things adios!
