Past month the trade volume of NFTs reached a record high of 200 million USD and the volume and hype is getting higher day by day.įor example, we can say that a bitcoin or money is fungible.

They are indivisible, indestructible and verifiable. Different than crypto currencies or physical collectibles NFTs contain unique information that make it both verifiable and distinct since each NFT can be traced back to the original issuer (Think of it like a festival ticket each with specific info like purchaser name). Non-fungible Tokens are digital assets that can range from collectible sports cards to virtual real estate. Sanrio has a presence in over 130 countries around the world.If you haven't already heard of it NFTs are gaining volume everyday. Hello Kitty was created in 1974 and is one of the most well-known global lifestyle brands. The floor price for the NFTs is 0.1 ETH, or around $141, at the time of writing. The collection had sales volume of over 1,600 ETH on OpenSea, a leading NFT marketplace. The Rugrats and Hey Arnold! NFTs were sold in packs for $50 and had strong resale value in unopened packs and as revealed images. Nickelodeon launched a collection of NFTs based on its “Rugrats” and “Hey Arnold!” cartoons. Recur was a recent partner with Nickelodeon, a unit of Paramount Global Inc. Recur investors included Steve Cohen, Gemini, Gary Vaynerchuk (Gary Vee), David Choi, Jason Derulo and Ethereum ETH/USD co-founder Joe Lubin. This was, at the time, the largest Series A in the NFT space. Recur was valued at $333 million in September with a new $50-million funding round. The Recur Pass was sold in December for 24 hours and provides exclusive early access to several drops on the platform. Why It’s Important: Sanrio and Recur announced a partnership to bring the iconic character to NFTs back in November 2021. The NFTs can be withdrawn to any Web3 wallet on any blockchain thanks to a multi-chain launch from Recur in April. Recur uses proof-of-stake layer-2 blockchain Polygon MATIC/USD for its mints.

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