BITCOIN

How NFTs are affecting the lives of artists: Enter Bullsium


NFTs (non-fungible tokens) are brought to earth by blockchain. These are similar to cryptocurrencies, but NFTs are different. Unlike cryptocurrencies, NFTs are unique tokens. They display ownership, source, and history in a stable, transparent, decentralized, secure, and open source database.

NFTs are being disrupted or numerous areas are being disrupted. Name but not work:

  • Art
  • Collectible
  • Gaming
  • Accommodation
  • Music

In all these fields, the artist himself is the innovator in this space from the beginning without double leadership. Many of them have life-changing stories.

There is Trevor Jones, a Canadian painter living in Scotland, who went on to do four works in February to sell his Bitcoin Angel for 2.2 million to support his art career, which at the time was “the record for the most expensive open-edition NFT artwork.”

There’s Ben Mauro, the artist who struggled and eventually became a millionaire.

Another star example is Blake Jamieson. He is a 36-year-old Brooklyn artist whose career exploded when he made more than ,000 46,000 selling NFTs in just six weeks. He placed his artwork on platforms such as SuperRare and OpenStreet. Since then he has partnered The NFT project continues with current and former NFL superstars Dez Bryant and Terrell Owens and the development of his brand.

NFT makes this possible because of the decentralized nature of blockchain. Legacy needs to hire an agent for the art industry and work to get approval to exhibit in an art gallery. Artists depend a lot on others to bring their works to market. In the case of NFT, any artist can mint their own NFT and bring it to market. And with the growing popularity of the Internet, social media, and NFT, collectors around the world can connect with artists who want to collect them. From a market perspective, the industry is connecting to a liquid market that it has never seen before. Last month alone, in one exchange, OpenSea, NFT sales exceeded $ 4 billion, more than the size of the global NFT market in the first half of 2021.

What will be the red hot NFT space in the future? While no one has a crystal ball, it is clear that there is a strong community of collectors, traders and investors who have brought a very liquid market. There will be a bull market and a bear market, but it is clear that NFTs are here to stay.

Enter Bullsium

Bullsium is an industrial project where 5,000 NFT was made collectible. It was not a productive project, but instead, each one was painted by a human artist. These collectible bull NFTs are part of a fantasy ecosystem that has an ambitious roadmap that will continue to grow and feature.

Some of these will include:

  • Competition of artists
  • NFT airdrop
  • A video game
  • A cryptocurrency token

One of the most attractive uses of blockchain is a fairly decentralized economy where creators can be rewarded for their creations, rather than being influenced by central institutions, janitors, and middlemen. Bullsium builds an ecosystem that holds true for itself, encouraging artists, investors and traders to participate.

For investors, the project has an interesting aspect because it is still very preliminary. Those who now want to participate in the ecosystem can still enter the floor price of 0.1 ETH. As shown on their website as part of the project’s roadmap, there will be a series of NFT airdrops that will give holders a chance to win more NFT collectibles. Holders will also be given the opportunity to vote consistently in the community vote to help provide direction to the project.

At the time of this writing, the community is actively growing, with about 10,000 members in Discord Chat.





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button