The Big Bang of NFTs and the Metaverse
Although the concept of non-fungible tokens (NFTs) was first invented in 2014 by digital artist Kevin McCoy, the popularity of NFTs has exploded in 2021. Prestigious and well-established auction houses such as Sotheby’s and Christie’s contributed to the rise of NFTs when they began selling NFT art themselves.
Towards the end of 2021, social media giant Facebook took another leap into the virtual reality (VR) world and eventually rebranded itself as Meta, and welcomed the next generation of Internet, VR and Web3 such as we know them – introducing the Metaverse.
The Marriage Between NFTs and the Metaverse
NFTs and the Metaverse are completely different concepts and one wonders how the two could be integrated. In short, the Metaverse is a 3D version of the Internet as we know it, whereas NFTs refer to unique digital assets that exist on a blockchain, and can be anything from artwork, real estate, or in-game avatars.
Oleg Fonarov, through Forbes, identified three ways to use NFTs in the metaverse. These include the integration of a virtual marketplace, allowing users to view assets in the VR landscape as well as the integration of art galleries into the web3 world. The final connection is the purchase of real estate online for the further development of Web3. Fonarov believes that these three aspects will bring these two worlds together and ultimately take the next step towards Web3.
The (virtual) Planet of the Apes
If the fantasy movie Planet of the Apes didn’t quite become a reality in the physical world, there’s no doubt that in the virtual world, the apes have taken over. The biggest NFT sales included the likes of the hugely popular Bored Ape Yacht Club (BAYC) and ApeCoin. ApeCoin’s market capitalization reached 6.5 billion, surpassing Axie Infinity’s cap of 2.6 billion. To put it into perspective, if you had hit a BAYC NFT at $0.08 – your returns would have been multiplied by 1,937 – something you won’t see in the traditional stock market (probably ever). ApeCoin has shown growing interest in the adoption of Metaverse and NFTs, confirming that we are just entering the prosperous era of NFTs and Metaverse.
Is there still an opportunity to join in the fun?
With the bizarre ROI with BAYC and ApeCoin, those who haven’t gotten their hands on the lucrative NFTs may feel like they’ve completely missed out. Staying with the theme of the world of monkeys, a promising project, and perhaps the next big NFT boom could be the Drunken Monkey Club. Not only can those who own an NFT in the Drunken Monkey Club gain unique access to the virtual world of the Metaverse, unique experiences and access to the physical world are just the icing on the cake.
Painted as an exclusive private club, Drunken Monkey Club promises members exclusive services for life as long as they keep their NFTs. These exclusive services include access to some of the world’s most exclusive events, bars, clubs and restaurants, even offering members discounts of up to 50% at select partners. Investing while saving money in luxurious monuments seems like the best possible payoff imaginable. The Drunken Monkey Club app (available on iOS and Android) will be the key to accessing all the exclusive benefits.
Drunken Monkey’s first private mint sale in March 2022 sold out in 20 minutes. These same NFTs are now being sold for 4x the original price, which just proves that this is a project to watch. The whitelist presale will be launched soon, listing NFTs for 0.5 ETH each. It is imperative to keep up to date with the news so as not to miss anything.
With exceptional returns seen in the rise of BAYC and ApeCoin, there is no doubt that many eager investors can feel left out of the hype and exclusivity. Although some may feel like they missed the opportunity, companies like Drunken Monkey Club offer investors a second chance to not only enter the illustrious world of NFTs and the Metaverse, but also gain access exclusive to some of the best events. in art, fashion and music.