TechBriefly
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles
No Result
View All Result
 Hot Topics:
  • ChatGPT risks
  • Snapchat planets order
  • Honkai Star Rail color name
  • Lookism AI filter
  • Binance WOTD answers (Bitcoin Fundamentals)
TechBriefly
No Result
View All Result
Home Articles

Why are major companies spending big money on NFTs?

What is it about these non-fungible tokens that make so many of the world’s biggest brands throw such a big amount of money after them? The answer is that it’s trending.

by TechBriefly Newsroom
21 November 2022
in Articles
Reading Time: 2 mins read
Why are major companies spending big money on NFTs?
Share on FacebookShare on Twitter

Even though NFTs seem to be everywhere now, there are probably still a lot of people wondering what all the fuss is about. If so, it’s not hard to understand why. When you first hear about NFTs (non-fungible tokens), it sounds a bit odd. When you hear the prices that people are paying to purchase these digital assets, it can become more of a mystery. What is it with these non-fungible tokens? If it’s only for the fun of it – why are so many major companies spending so much money on NFTs and collaborating with crypto sites?

Digital art for millions

When you think about what a business might be using its money to invest in, maybe NFTs aren’t the first thing that comes to mind. Even so, in the last few years, it has come to the public’s attention that major brands throw insane amounts of digital art. For example, when Adidas used $156,000 on a digital piece of art.

Why should you buy a piece of art that you can never see in real life or touch with your own hands? Well, because it’s trendy and new. Since then, a lot has happened, and Adidas is now making its own NFT collections. Just as many other brands are getting themselves ready for the Metaverse.

Right now, it’s hard to tell where NFTs are going in the future. For now, it is all over the place. And when something is trendy and widely popular, chances are that the big companies are going to jump on it. Which is exactly what happened with NFTs. Besides being in on the trends, there is also a potential earning from buying these NFTs. It would be silly to invest in something without the possibility of cashing in on your investment. And since the popularity of NFTs has only gone one way, it might be a good investment for these major companies. So, in general terms, big brands are buying NFTs to potentially make a profit but just as much to engage with their customers – which is what branding is all about in 2022.

Why are major companies spending big money on NFTs?
Why are major companies spending big money on NFTs?

New NFTs are trending

In the NFT world, things always move fast. Many new trends are emerging all the time and all sorts of new collections are brought to the surface. Check out buynft.com to learn more about the new trends and find out if you should tag along and get yourself involved. If a company is interested in purchasing an NFT, it’s all about knowing what’s trending and perhaps even seeing the trend before it hits.

It’s the same thing for any other investor. If you want to buy an NFT, you should do it when the token is as cheap as possible, so you have a potential chance of selling it with profit – unless it’s a collectible of yours of course. Even though you might look at the big brands and get inspired, there’s good reason to approach this investment with some caution. Buy them for the fun of it and only with money that you can afford to lose.

Related Posts

Getting started as a content creator: All you need to know

Getting started as a content creator: All you need to know

How to get the best sound on your Smart TV?

How to get the best sound on your Smart TV?

Gaming devices and consoles: From Atari to PlayStation 5

Gaming devices and consoles: From Atari to PlayStation 5

5 common Salesforce integration mistakes and how to avoid them

5 common Salesforce integration mistakes and how to avoid them

POPULAR

Webtoon Lookism AI filter: TikTok trend explained

Binance Word of the Day answers: Binance Pay theme

Binance Word of the Day answers: Bitcoin Fundamentals theme

All LoLdle answers today (15.05): Even now, your loved ones suffer!

Lookism 449: Release date, spoilers and latest updates

RCM Loader for Nintendo Switch: What is it, how can you install?

How to fix Division 2 if it keeps crashing in 2023?

Is there a way to remove Character AI NSFW filters?

What is Snapchat planets order?

What does setting interrogation succeeded mean?

RSS News Republic

  • Backbone One PlayStation Android: Specs, price, and release date
  • DarkBERT: A deep dive into the Dark Web’s secrets
  • What happened to Ryan Waller? $15 million lawsuit explained
  • TikTok trend explained: Webtoon Lookism AI filter
  • BTS Jimin phone number revealed: How to connect with your favorite star?

RSS Digital Report

  • Using Voice of the Customer for marketing and its benefits
  • Creating estimations for cost and organic traffic for your future SEO endeavors
  • Biggest issues plaguing the blockchain in 2023
  • What is the “Framing Effect” in marketing and how to use it?
  • How does in-house SEO compare to utilizing agencies and how to get started with it?

RSS Latest from LeaderGamer

  • CSGO Ping Reduction Code
  • The Legend of Zelda Tears of the Kingdom paraglider
  • The Legend of Zelda Tears of the Kingdom best horses
  • The Legend of Zelda Tears of the Kingdom Hylian Shield
  • The Legend of Zelda Tears of the Kingdom armor sets
TechBriefly

© 2021 TechBriefly is a Linkmedya brand.

  • Tech
  • Business
  • Science
  • Geek
  • How to
  • About
  • Privacy
  • Terms
  • Contact
  • FAQ
  • | Network Sites |
  • Digital Report
  • LeaderGamer
  • News Republic

Follow Us

No Result
View All Result
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles