Recently there has been a surge, in popularity for NFT (fungible tokens) as artists from various fields such, as music and sports are actively participating in creating and selling their unique digital collectibles to the public market for purchase during special events known as ” NFT drops”.

Grimes recently created quite a buzz with her NFT release featuring music from her album along, with unique artwork and even a token representing a part of her essence sold on the blockchain platform to eager fans and collectors alike for hefty sums reaching hundreds of thousands of dollars.

A new trend emerging in the realm of NFT technology involves the growth of real estate platforms where individuals can purchase and exchange virtual land parcels within worlds, like Decentraland and The Sandbox. The increasing interest in these platforms has led to a surge in users investing in properties with some plots fetching prices in the millions. This phenomenon has prompted discussions on the future of economies. How NFT adoption is reshaping perceptions of ownership, within the digital domain.

As NFT popularity grows among the more people start using them there are doubts lingering about their sustainability, in the run. Some critics claim that the market is artificially inflated and could collapse any moment due to speculation and hype. On the hand supporters believe that NFT technology has the potential to transform our concept of ownership presenting opportunities for both creators and collectors. The outcome, for NFTs future remains uncertain and only with passing time will we truly know what lies ahead. One thing seems certain though. The trend of collectibles is not showing any signs of slowing down.