The first quarter of 2021 saw investors return to the cryptocurrency market, as its market cap surpassed $2 trillion and bitcoin has surpassed a record highest of $62000. Non-transferable Token is also experiencing an increase, and a number of startups are stepping up to sell their artwork or crafts, music, as well as other assets digitally.
The growing popularity of NFT in Australia, Canada, the United Kingdom,and the United States has increased the sales of NFT from just $14 million in the last year to $2.5 billion in this year. HypeArt has announced the launch to Hypebeast NFT along with the renowned digital artist, in the coming days.
If one mixes the category of streetwear with blogs the Hypebeast brand emerges. Kevin Ma, the founder of Hypebeast is an inspiration for thousands of young people who believe that there is a huge demand for streetwear. The majority of brands have tried to convince women to purchase their products and then invest in it, but Kevin Ma did it with sneakers and streetwear for males.
Kevin’s passion for blogging and fashion has led him to create it. its customers are teenagers graduating from college. Hypebeast is an internet-based shop located on Hong Kong dealing in streetwear as well as sneakers and other shoes.
Hypebeast NFT a Product of HypeArt:
Hypebeast’s Art division of Hypebeast Company has joined forces together with Digital Artist Fvckrender to introduce their NFT to market. The date for the launch of the fungible Token is on the 29th October which will then be available until 5th November 2021. The reserve price of this Token will be 1ETH It will then be accessible via HyperArt along with OpenSea.
The collaboration between Hypebeast publication as well as Fvckrender is expected to deliver top quality digital art into Fvckrender’s NFT space. The floral design from the magazine’s cover with Hypebeast over it is the real-time image of the art that we’ll see in the near future.
Hypebeast NFT expects an overwhelming response from this same segment, which makes one of the more popular brands of the present.
What’s the Future of Hypebeast Digital Art?
The digital image of a lion posted on Twitter is a variety of things to tell. It is contingent on the development of future projects and how the metaverse expands the digital world. It is currently difficult to make any statements regarding NFT or its future. the space just exploded in the beginning of 2021. People are trying to make money through their belongings and works of art.
Hypebeast’s NFT of an uninterested lion on their Twitter account could become trained and fight in the future metaverse with a potential financial gain to the owners. The rise in value is the only reason to consider purchasing the NFT however, regular income will propel it to the next level.
Five blogs a day have led to the creation of a brand the Web . which is now worth $ 400 million and its very first digital product is set to go up to auction on October 29th. There’s a report of an NFT that are not performing as anticipated however at one point, Bitcoin too was available for sale at a price of zero dollars.