WSUM Art is the Marketplace that Has It All!

Non-fungible tokens (NFTs) are blockchain’s most-priced products of 2021. Since late 2020, NFT markets have shot up, exceeding anyone’s expectations about the sector’s performance. In Q1 of 2021, the NFT craze saw some unique digital tokens sell for millions of dollars, with a $69 million digital artwork sale to top the list. Although the dust is settling slowly on the NFT craze, the market is rapidly growing as new users join.

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Investing in NFT art with WSUM

Investing in artwork may feel like a roll of the dice than an investment. In May 2019, gallerist Robert Mnuchin, founder of Mnuchin Gallery in Manhattan, bought a record- breaking $91.1 million sculpture of a rabbit. The art that was auction by Christie’s became the most expensive art ever sold by a living artist. Barely, two years later, in March 2021, the same auction company made a massive sale of digital art worth $69 million. The record sale of the non-fungible token art (NFT art) represents the latest massive development in the art industry.

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What brands need to know about NFT’s

The blockchain and cryptocurrency world is ever-growing. Non-fungible tokens (NFTs) have recorded a steady growth throughout the past three quarters since the beginning of the year. Businesses and individuals have closed mega NFT deals in the recent past. Consequently, the booming digital asset market has attracted many businesses, which see it as a potential area of making fortunes. In March, Christie’s, a British auction house accepted Ether for payment of the record-breaking NFTs deal. Christie’s auction “Everyday’s: the first 500 Days” digital artwork by Mike Winkelmann professionally known as Beeple for $69 million.

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WSUM Network Brings Ultra Low Fees to NFT Market

WSUM Network has entered the non-fungible tokens (NFTs) market following multiple achievements and milestones in the past few months. The leading platform for wrapping and staking aims to revolutionize this market and become a force for good in the global crypto scene. This latest product by WSUM Network deploys a user-focused approach to design and build a platform that works for the user. Taking it a notch higher, WSUM incorporates a first-of-its-kind mechanism to offset carbon footprints arising from the project’s activities.Built on BSCWSUM’s NFT project, WSUM Art, is built on the fast-rising Binance Smart Chain (BSC).

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There is No Limit to the Applications of NFTs

Most people first heard of NFTs after the $69.3 million sales of digital artwork at Christie’s. This drew a lot of attention not only from investors but also from other digital artists. More artists boarded the NFT train, making digital art one of the most popular NFTs people currently invest in. While this is the case, non-fungible tokens have managed to spread into other industries making their applications more diverse.

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