How Web3 is redefining storytelling for creators and fans through NFTs
2022.04.18 19:46
How Web3 is redefining storytelling for creators and fans through NFTs
Nonfungible tokens (NFTs) have come a long way in a relatively short period of time. In 2017, the NFT project CryptoKitties made headlines as the largest decentralized application on the Ethereum network. While CryptoKitties accounted for a notable portion of Ethereum transaction volume in 2017, these NFTs mainly served as digital collectibles geared toward the crypto community.
It wasn’t until March 2021 when NFT artwork started gaining traction due to the financial potential behind these creations. This was demonstrated when digital artist Mike Winkelmann, also known as Beeple, sold his NFT piece titled “Everydays: The First 5,000 Days,” which raised over $69 million through Christie’s auction house. Following Beeple’s sale, artwork NFTs started becoming more popular, attracting a larger audience of both creators and fans.
