The Revolution of NFTs are now allowing People to buy Things Money Could Not Buy Before
30 Marzo 2022 - 10:55PM
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The new age of wealth gave way to many new things in the world
today. If we look at the luxury industry, watches are hard to get,
cars are hard to buy. The world is currently experiencing a new
wave of people that are attempting to buy things that money could
not buy before. This article will explore some case studies in
which NFTs allow for the purchasing of things that money could not
buy before like BAYC, Crypto Punks, and now new projects like High
Sloth Society, and more. The Current Wave of Demand and the Luxury
Industries With the new age of wealth, naturally, the luxury
markets have enjoyed a great boom when it comes to the demand over
the sectors. Rolexes are becoming impossible to buy, cars are low
in supply, even luxury real estate has inflated in prices over the
past 2 years since the pandemic. The rich are becoming less
interested in what money can buy, now they want what money can’t
buy. Now, the world is seeing a revolution taking place currently
with the rise of the NFT industry to satisfy that urge. The Bored
Apes One of the most successful NFT projects in the sector right
now is the Bored Ape Yacht Club NFTs. They are selling for millions
of dollars regularly, with the cheapest ones currently on sale
right now for over 100 ETH (which is over $300,000 at the time of
this article). One of the biggest reasons for this insane pricing
is because the Bored Ape Yacht Club gives a sense of membership to
an exclusive club. Eminem, Rihanna, and many other A-list
celebrities and notable people are all part of the club. In
essence, to be considered as part of the same group, you need to
own a bored ape NFT. This is something that did not exist before.
But now it does, through the use case of NFT technology. NFTs, and
the evolution of their reach Given the case study of the Bored
Apes, now we are seeing new reaches in the space. The High Sloth
Society project is a new way for people to buy something that could
not be bought before. In Korea, Funds pour into Dao to buy Korean
national treasures, there was an ancient artifact that went on
sale. Through a company called Crayon DAO, 900 ETH was raised to
purchase the artifact of the museum that was on the brink of
bankruptcy. Now, this artifact is in the hands of the crypto crowd.
Giving notable people the exclusive opportunity to be part of the
ownership of this artifact. Enter the High Sloth Society, where you
could buy this NFT soon and own a piece of a sacred portable
temple. This is an NFT PFP collection that would bridge the sacred
artifact and the crypto space to real ownership. This is the chance
for people to participate in the preservation and ownership of
something that comes from the upper echelon of collecting, and
heritage. This is a perfect example of something that people could
not buy before. An ancient artifact, protected by the gates of a
museum, is now brought and offered to the world via NFTs as a
vessel of the rightful ownership of a sacred temple. Website:
https://www.highslothsociety.com/
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