How Supreme Can Make Millions Through NFTs
01 Dicembre 2021 - 9:09AM
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Supreme – the ultra-trendy brand. NFTs – a concept that most
do not have a grasp of but is bound to be the future for buying and
trading art and basically anything digital. Both Supreme and NFTs
can benefit one another. The ability to buy Supreme’s digital
content through NFTs would be a surefire way to get everyone to
know, talk about and want NFTs even more than they do now. But for
Supreme, the stakes are higher. NFTs can be a multi-million
dollar opportunity for Supreme, creating a secondary market for the
company. Sounds far-fetched? Well, it doesn’t have to be. First, a
quick briefing on NFTs. NFTs are non-fungible tokens that are
pieces of digital content linked to the blockchain. This digital
content isn’t limited to digital art and can extend to images of
physical objects, video game skins, GIFs, Tweets, virtual real
estate and more. NFTs are non-fungible, so unlike fungible assets,
like Bitcoin, they are unique and not mutually exchangeable. No two
NFTs are the same. Once you own an NFT you are the sole owner. One
of the appeals of Supreme has been exclusivity and unparalleled
creativity. Everybody wants Supreme’s latest drops, but there are
only limited numbers of certain Supreme products. People have
waited in line for days to get their hands on Supreme merch. So,
there is no reason to believe that people wouldn’t jump on the
opportunity to buy Supreme’s NFTs, especially if that means they
will be the sole owner of that specific Supreme digital product.
And there is no reason why Supreme shouldn’t jump on the
opportunity to capitalize on NFTs. The NFT market rose to USD 2.5bn
in the first half of 2021, and it just keeps growing and growing.
With its unparalleled creative direction, Supreme could create
merchandise like digital art and videos that would be coveted by
thousands of people. Luckily, the marriage between Supreme and NFTs
could happen very soon thanks to NFT marketplaces like Spores
Network that align with its branding and vision. Spores Network
believes that the decentralization of ownership and burgeoning
metaverse will uniquely bridge our digital and physical lives.
Their mission is to create an NFT ecosystem that is
creator-centric, community-driven, and borderless. Spore’s unique
twist on the NFT marketplace is that they function as a media
company that leverages an NFT marketplace and game publishing
platform to activate content creators in art, games and
entertainment. Supreme’s capitalization of NFTs could change the
future of the company and the future of how NFTs are perceived. For
Supreme — and all of us — it would be best if this union happens
sooner rather than later.
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