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Pure Gold, NFTs, And Bitcoin Combined? WETHIOX Made It!

WETHIOX

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

About Felipe Erazo
About Felipe Erazo

Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. He has been working as a freelance writer and forex/crypto analyst, with experience gained at several forex broker firms and forex/crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010, and in the crypto sphere since 2015, providing analytical reports that help traders understand market dynamics with a technical and fundamental approach. Moreover, Felipe has worked as a journalist and editor for several media outlets across Latin America, collaborating with radio stations from his home country, Colombia, Chile, and the United States. His experience includes companies such as FXStreet, Cointelegraph, Bitcoin.com, TradingView, FBS, among others.

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