Hypebeast NFT has news of the launch of digital art by clothing online retail Hypebeast and how it can perform in future.
The first half of 2021 has seen investors returning to the crypto market as its market cap crossed $2 trillion, and bitcoin is touching a new high of $62000. Non-fungible Token is also seeing quite a surge, and many new enterprises are coming forward to monetize their art, crafts, music and other digital assets.
The popularity of NFT in Australia, Canada, the United Kingdom, and the United States has pushed the sale of NFT from $14 million last to $2.5 billion this year. HypeArt has announced the arrival of Hypebeast NFT with the famous digital artist in the coming days.
About Hypebeast:
When one mixes the streetwear category with a blog, the Hypebeast brand is formed. Kevin Ma, the founder of Hypebeast, can be an inspiration for hundreds of youth who feel that there is a huge market for streetwear. Most brands have tried to lure women into buying their product and invested in it, while Kevin Ma did it with sneakers and streetwear for men.
Kevin’s love for blogging and fashion created it, and its followers are youth directly coming out of college. Hypebeast is an online store based in Hong Kong dealing in streetwear, sneakers and shoes.
Hypebeast NFT a Product of HypeArt:
The Art division of Hypebeast Company has collaborated with Digital artist Fvckrender to bring their NFT into the market. The launch date of this fungible Token is 29th October, and it will be made available till 5th November 2021. The reserve price for the Token will be 1 ETH, and it will be made available on HyperArt and OpenSea.
The collaboration between the Hypebeast publication and Fvckrender promises to bring quality digital artwork to the NFT space. A floral from the company’s magazine cover with Hypebeast imposed on it is the live example of the artwork we will witness shortly.
Hypebeast NFT is expecting a positive response from the same population segment, making it one of the most influential brands of its time.
What’s the Future of Hypebeast Digital Art?
The digital picture of a lion on Twitter has many things to tell; it depends on future projects and development and how the metaverse fills the digital space. At present, it is hard to say anything about NFT and its future; this space has just burst in the first half of 2021, and people are trying to cash it out with their belongings and art.
Hypebeast NFT of a lazy lion on their Twitter account can get trained and fight in future metaverse space, giving some monetary gain to its owners. The increase in valuation is the only incentive for buying the NFT, but recurring income will take it to another level.
Final Verdict:
Five blogs a day has resulted in Brand . which is $ 400 million now, and its first digital product will go for bid on 29th October. There is news of some NFT not performing as expected, but at one time, Bitcoin too was available for dollar zero.
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