New things are possible today because of the new age in wealth. Watches are difficult to find, but cars are not easy to purchase if you look at the luxury sector. People are trying to purchase things they cannot afford. The following article will examine some examples of NFTs that allow the purchase of goods and services that are not available to money, including Crypto Punks, BAYC and High Sloth Society.
The Luxury Industries: Current Demand
Luxury markets are experiencing a huge boom due to increased demand. The availability of cars is decreasing, rolexes have become impossible to obtain, and even the luxury property market has seen an increase in its prices in the two years since the pandemic. Now, the rich don’t care as much about how much money they have. They want to know what it can buy. can’t buy. With the rise in popularity of NFT, the world is witnessing a transformation.
Bored Apes
Bored Ape Yacht Club NFTs is one of the best-selling NFT projects currently in this sector. These NFTs are regularly selling at millions of dollars, and the most affordable currently available is for more than 100 Ethereum (which amounts to over $300,000. At the time of writing this article). Bored Ape Yacht Club offers a feeling of belonging to an exclusive club, which is why these insane prices exist. The club includes Rihanna and Eminem as well as many notable celebrities. You must possess a NFT (bored ape) to be included in the club. This was something new. It is possible now because of NFT technology.
Evolution of the reach of NFTs
Based on the Bored Apes’ case, we now see new reaches of this area. High Sloth Society is an innovative way to purchase something you could never have before.
A sale of an old artifact was made in Korea as funds pour into Dao for Korean treasures. Crayon DAO raised 900 Ethereum to buy the artifact from the museum, which was close to bankruptcy. This artifact has been transferred to the care of crypto enthusiasts. This artifact will be available to only a few people. Join the High Sloth Society to purchase this NFT and get a piece for your sacred portable temple.
It is an NFT PFP Collection that will bridge the holy artifact with the crypto space and allow for real ownership. People can now participate in the preservation of and own something from heritage and the highest echelons of collecting. It is an example of something people have never been able to buy. A protected ancient artifact is being offered as an offering to the public via NFTs. It represents the rightful owner of a sacred temple.
Website: https://www.highslothsociety.com/