After 4 years and their first appearance to the public, NFTs are today a mainstream market. Let’s have a look at this market.
$41 million in 2018, $340 million in 2020, and, according to the latest study by Cointelegraph, 2021 should end with a total of $17.7 billion.
An absolutely insane growth that seems unstoppable!
WETHIOX: AN AUCTION WORTH ITS WEIGHT IN GOLD
Based in Zurich, Dubai, and Marrakech, the WETHIO PROJECT team, an ecosystem that already hosts several innovative achievements, is aware of the interest that NFTs represent. Specializing in physical NFTs, Wethio Project has created a collection entitled WETHIO GOLD BITCOIN, consisting of 501 coins numbered from 0 to 500. The coins are made of 24-carat gold, weighing 31 grams (1 ounce), and sold for $3620 each.
Through their exchange platform WETHIOX, the first Bitcoin gold coin, number 0, was recently put up for sale with a starting bid of $4,000. This auction will end on the 7th of January 2022 with an undisguised ambition to exceed $20,000. Such a result would not only constitute a nice surplus value but would also create a certain craziness over physical NFTs. WETHIOX is the only platform, in the history of NFTs, to auction a physical gold coin so far. This is a world premiere in the field of NFTs.
A PROMISING MARKET
Other auctions are also scheduled, notably a Viking glass pearl, dating back to the 10th century!
A unique piece that will be auctioned on the WETHIOX NFT market.
We are living the”uberisation” of auction houses with these new kind of NFTs that are sure to revolutionize the art market!
To conclude, it is obvious that we will have to follow this promising market closely, which would constitute the democratization of access to art. In the same way that cryptocurrency itself represents a process of democratization in terms of value creation as well as its retention and transmission
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Omar Ortiz
Freelance Writer
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