According to the industry data tracker, NFT sales climbed by $25 billion in 2021 as the crypto asset grew in popularity, aided by celebrity and tech enthusiast attention. On the other hand, other experts believe NFTs are a speculative bubble that will explode.
NFTs are different from other digital forms because they are supported by Blockchain technology. Blockchain is a decentralized method of recording data, making it almost impossible to hack or cheat the data. It is similar to a bank account, except that all of your transactions are transparent and visible to anybody, and they can't be modified or deleted.
NFTs gained extensive traction as an innovative and unique way to market your digital artwork. People have spent millions of dollars on NFTs since their introduction in 2015, even though this project was just a concept that enabled users to customize statements recorded on the blockchain. By 2017, NFTs gained public exposure and are now widespread in 2022, with people trading extensively through them.
What Is NFTSBOOKS?
NFTBooks (NFTBS) is a BSC token that became live on June 7th, 2021. NFTBS allows consumers to read books at the lowest possible price and assists authors in increasing their income. NFTBS intends to bridge the gap between readers and authors while allowing investors to benefit by purchasing and storing the token in their wallets; 2% of each purchase and sale is dispersed among holders. NFTBS aspires to change the world of book reading by making it more inexpensive and accessible to a wider audience.
NFTBOOKS For Writers
NFTBOOKS has created a competitive environment for authors with no boundaries between them. The project was created to earn a profit and benefit writers, readers, and investors. It allows authors to sell as many books as possible while also providing passive income.
The price of the NFTBS token has increased by more than 5,500 percent since its all-time low of $0.000000000005. The coin hit an all-time high of $0.000000000772 in December 2021. The NFTBS coin is now trading at a 66 percent discount to its all-time high; however, this is primarily due to the recent crypto market crisis and the widespread anxiety that gripped the industry. Crypto experts predict the price of the NFTBS token will reach $0.00001 and maybe higher if the passion for NFT books continues to develop thanks to a great use case, unique angle, and the current resurgence of the crypto markets.