♾️ NFTs have many use cases, and their applicability continues to expand.

NFTs can are used as a means to sell exclusive items on the blockchain (and online) and have the potential to be used to verify anything that would have value in proving ownership, including;

• Original digital artworks
• Original music
• Digital collectibles
• Tickets to an event
• Limited edition fashion items or other items
• Domain names
• In-game items and challenges
• Digital land
• • more

💭 Did you know that even tweets can sell as NFTs? Although digital items can be one of a kind, there is also value in items that might have multiple copies but retain value for collectors, such as sports trading cards or memorabilia. Entire marketplaces build around sports trading cards and one-of-a-kind memorabilia.

🌪️ NFTs took 2020 by storm. There were almost $14 million in NFT sales in the first half of 2020 alone and that increased to almost $3 billion heading into 2021. In June of 2021, sales on OpenSea reached almost $200 million. NFTs continue to become a rapidly expanding market and include any and everything from artwork, to fashion, to articles, and more.

🐻 So there are Bulls, Bears, Whales and now Apes?

As you have probably noticed, many NFT projects reference bulls, bears, whales, and now apes? Crazy right? Well not as crazy as one may think. Many of these references come from terms used in financial markets.

• Bear (Bearish) - references investors who believe a stock (or crypto asset/NFT) will go down or underperform. This term typically represents an unfavorable outlook or trend