The rise in individual and organization participation in the non-fungible token (NFT) market results from the continued marketing efforts pumped into the space. There is an intense argument about the authenticity of the hype around NFT events or another vague attempt. However, there are claims that most of the intrinsic values attached to NFTs are authentic and have historical support.
It is noteworthy to acknowledge that celebrity push is a significant factor in the NFT community. Although community members argue that historical NFTs are way beyond celebrity influence, attention given to CryptoSkulls was little compared to when Gary Vee purchased this 2019 NFT for 100 Ether.
This ambiguous state of genuine intrinsic value attachment to historical background or celebrity hype made us investigate the NFT events happening in the Twitter community.
Celebrity hype might not be a good deal for an NFT to last well in the space, but historical hype is a capitalist tool displayed by notable persons such as Gary Vee and Leonidas.eth. This became apparent by the sensation caused by CryptoSkulls in the NFT marketplace.
Due to the historical hype, influencers and top investors now publicize the importance of holding a historical NFT for the long term. As a result, there is a large influx of new investors due to the trendy NFT events surrounding historical NFTs.
One major NFT community celebrity wants to cap in on is the Bored Ape Yatch Club (BAYC). But the recent NFT event surrounding the possible sales of BAYC’s NFT between Madona and Lindsey Byrnes drives up the sales by about 9% in less than 24 hours after her tweet. This begs for the answer regarding celebrating winning the NFT hype and making the NFT event look like it depends solely on their words.
As it stands, there is an increased need for the NFT community to present female-led projects within the space. Most significantly is the World of Women (WoW) NFT collection. This has led to an NFT event wherein other women-led projects are embraced and receive crucial attention as every other NFT collection on the space. However, this is due to extensive celebrity support and WoW’s mission.
This led to the increased adoption of female-led projects across the NFT space. However, some individuals do not believe they have a long-term value and spread the conviction that it will fade with time. But these projects keep holding their grounds and establishing their worth.
There will be manifestation of the NFT events speculations across the globe with time. While there are arguments about the viability and the test of time, participants are leveraging the marketing hype to establish their entry and interest in the NFT space.
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Image Source: Pixabay
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