Whether it’s baseball players or shiny Pokemon cards, collectibles have been a cultural mainstay in human behavior since the Renaissance. It is possible to auction celebrity clothing or memorabilia, and sell them for staggering amounts. The 1960s Batman TV Show featured a prototype Batmobile. SoldFor $4.2 million. The concept of collectibles is very simple. An item’s value depends on how rare it is. The less of it there is, the more it’s worth.

It’s this idea that drives the explosion in growth. nonfungible tokens(NFTs). The NFTs, which are basically collectibles that were digitalized and bought and sold a lot on the Blockchain, have become incredibly popular. It doesn’t matter if it is the most popular or not. limited CryptoPunk avatarsOder Jack Dorsey’s first-ever tweetNFTs make a lot of money. The owners who are able to acquire rare NFTs will have proof that they own them, since the blockchain stores this information.