Apes to Avatars: The Next Step in Human Evolution

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Humanity has always been innovative when it comes to development, but the world of crypto and NFTs in the past decade has completely changed how the world defines evolution. In this article, the focus is on the advancements of the NFT sphere, and how they might just be the next major step towards a better future.

To fully understand the points below, everyone has to be on the same page about the basics. Non-Fungible Tokens (NFTs) are essentially one-off cryptocurrencies that can’t be tampered with, copied, or duplicated. All NFTs are issued and registered on their respective blockchains, which is Ethereum in most cases. Thanks to this, they gain attributes such as publicly verifiable ownership, exchangeability, and security. With all that in mind, it’s no surprise that NFTs have become increasingly popular fairly recently, as the world began to recognize the untapped potential of this unique class of cryptocurrencies.

Now that the foundations are set straight, the attention can shift to the early, widely adopted NFTs which were essentially the first globally known examples of the sphere: the Bored Ape Yacht Club (BAYC). Simply put, BAYC is a collection of digital art pieces registered as NFTs that depict various bespoke Apes with a somewhat common theme. Initiatives like this started to grab the attention of crypto enthusiasts first, before eventually securing worldwide awareness and many celebrities as BAYC NFT owners. 

While collections, such as the Bored Ape Yacht Club, were important in the beginning, their limited use cases might turn against them in the long run. The real valuation behind these NFTs is basically the status they