\u201cDisclaimer: The Capital has received payment in exchange for writing this article\u201dAccording to somewhat recent data presented by CryptoSlam, in a few months to March 2021, people have spent well over a billion dollars on digital assets.As you probably know, digital arts have been the rave for a while for most crypto enthusiasts, but recently, even people outside the crypto ecosystem have started delving into the trend of NFTs \u2014 this sprouted from nowhere. So, this begs the question of what is really attracting more individuals into the NFT mania, making them invest hundreds to thousands to millions of dollars on these assets? Some investors opine that this is triggered by a range of factors that may include the surge in BTC prices or the COVID-19 pandemic.Just a few months ago, Mike Winkelmann (Beeple), sold crypto art for around 70 million USD. Also, a similar trend can be seen in several other artists like Grimes, which made several million from their cryptic art collection just in a few hours. Besides, the buyers and the creators of this art have also accessed sizable profit from them. In February, Pablo Rodriguez, an art collector from Miami, indicated how profitable the market could be when he resold Mike Winkelmann\u2019s piece for an almost 1000% increase relative to the actual price.What Do You Get When You Purchase a Non Fungible Token?Anytime you buy an NFT, you access the rights to an immutable and unique token. However, this is only relevant to the blockchain. Anytime anyone purchases a meme or an image, they can only claim its possession on the blockchain, with no control over its distributional rights. In most scenarios, when you purchase an NFT asset, you\u2019re not purchasing the content; instead, you are purchasing a token that links your identity to the creator\u2019s\u2026<\/p>","protected":false},"excerpt":{"rendered":"
\u201cDisclaimer: The Capital has received payment in exchange for writing this article\u201dAccording to somewhat recent data presented by CryptoSlam, in a few months to March 2021, [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/5192"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=5192"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/5192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=5192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=5192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=5192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}