How did NFTs become popular so quickly?
In fact, some of the features of NFTs, which are usually known as Ethereum tokens based on ERC-721 today, are responding to the attention they are getting in a short time.
All data about the NFT is securely stored on the blockchain, which means that tokens can never be removed, destroyed or copied, no matter what.
Although NFT developers can produce an infinite number of tokens, they consciously limit production to maintain their value.
NFTs are completely indivisible, which means that they cannot be divided into smaller values, such as bitcoin.
With the capabilities of the blockchain, the ownership of NFTs can be easily traced back to their original owners, which eliminates the need for third-party verification forever.
The highest-value NFT sale to date was “Everydays: The First 5,000 Days”, which crypto artist Beeple auctioned at Christie’s. the work, which was sold for 69.4 million dollars (about 523 million Turkish liras), is a compilation of 5 thousand Beeple tracks. However, the demand shown by popular names from both the technology sector and the world of celebrities soon made NFT a trend. With developments such as the sale of Jack Dorsey’s first tweet as an NFT for $2.9 million, and Elon Musk’s song shared on social media for sale as an NFT, the issue has also entered the radar of the mainstream media. The first initiatives and sales in the field of NFT, which attracted names from both the industry and the art world from Turkey, came from such names as the famous publicist Alemshah Ozturk, actor Bensu Soral, artist Tarik Tolunay. The topic of NFT has even entered the tabloid agenda with news such as TV programmer Saba Tumer putting her laughter up for sale on NFT