The outbreak of COVID-19, adopted by the lockdown, has pressured museums and galleries to shut. In consequence, the sales of bodily artwork have dropped dramatically. Token-based mostly art gross sales, vise versa, have taken off, hitting $8.2 million in December 2020. By comparison, in November 2020, the corresponding figure was $2.6 million.
Reddit isn’t the primary platform to experiment with bringing digital collectibles to its customers. Meta has begun to test NFT support on Fb and tegro.io Instagram, and Twitter introduced NFT profile images earlier this 12 months. YouTube executives have additionally expressed interest within the technology. Even Reddit itself briefly experimented with an NFTs-as-profile-photographs characteristic earlier this year.
Another nice option is Uphold. If you are investing in crypto for the lengthy-time period, Uphold affords useful providers that will help you passively grow your portfolio. The platform has token staking which lets you earn interest on the cryptocurrency held in your Uphold account. It gives better curiosity rates than most other platforms.