This year, interest in digital assets has increased, putting the next generation of investors at the forefront.
The value of the cryptocurrency market temporarily exceeded $ 3 trillion in November, with top coins such as Bitcoin and Ethereum hitting record highs. The value of other digital assets such as non-fungible tokens and NFTs has skyrocketed as well. In November, the NFT Marketplace’s OpenSea totaled over $ 10 billion.
Demand for NFTs for art, music and in-game assets, such as digital plots of land in the Metaverse, has skyrocketed.
Today, during the holiday season, young investors are spending a lot of money on NFTs and other digital assets as gifts. Let’s take a look at what 5 people are planning to buy.
Digital Land and Art NFT for Family
Cynthia Gentry plans to present a digital land NFT for her sister and parents to share in the Metaverse. Depending on factors such as the Metaverse game, demand, size, etc., it can cost thousands of dollars.
A 23-year-old San Antonio resident considers NFTs a highly valued asset over time. “It’s funny, I don’t even think I have the budget,” she says. “I don’t feel like I’m spending money, [I’m] Just keep my money in another asset. “
For her mother and sister, Gentry plans to purchase NFTs that can be collected from projects such as the World of Women and Crypto Coven aimed at empowering women. I don’t know how much she will spend, but each collection has a minimum charge. This is the lowest price available.
Sisters Cynthia Gentry (23 years old) and Imani Gentry (19 years old) and mother Brenda Gentry.
Courtesy of Brenda Gentry
The current minimum price for the World of Women collection, which consists of 10,000 generated works representing diverse female paintings, is 1.95 ether, or $ 7,275. The Crypto Coven collection includes 9,999 witches, with a minimum charge of 0.19 ether, or about $ 709.
She also plans to buy NFTs from artists like Lana Denina, whose popular Mona Lana project has a minimum charge of 0.24 ether, or about $ 895.
For her dad, Gentry plans to get an NFT from a Ledger Nano hardware wallet ranging from $ 59 to $ 119, or a project with a “cool and interesting roadmap.” She also wants to pay for an online course on blockchain coding for him. “Because he likes gifts that can expand his expertise in some way.”
Gentry’s sister, Imani, will also buy all of her family’s NFTs for Christmas. She has a budget of at least 2.5 ethers, or about $ 9,327 in total.
“Personally, I think it’s normal to send digital gifts. [part of the] “It’s easy to access, so it’s likely to happen in the future,” said a 19-year-old woman. I think it’s cool, saving time and wrapping paper. “
For her mother, Imani, also based in San Antonio, plans to buy the World of Women NFT, she says. “My mother sold her back in January for me to go to college. I would like to give back.”
Give your friends your first digital asset
Based in San Francisco, Anisa Sunkerneni looks forward to giving her close friends and family the first digital assets such as the Ethereum Name Service (ENS) domain and NFTs.
“I think the ENS domain can really be tied to your personality and profile on your chain, even if it’s more than an NFT,” says 26. “Getting what you want is very special.”
Anisha Sunkerneni looks forward to giving her close friends and family the first digital holiday assets.
Courtesy of Anisha Sunkerneni
ENS creates a “.com” -like domain for the Ethereum blockchain that represents an investor’s cryptocurrency address. The ENS domain name usually appears as something like “YourName.eth” rather than a random string of letters and numbers that represent your wallet.
Prices for ENS domains are different. According to the ENS domain website, ethers with 5 or more letters cost $ 5 a year, ethers with 4 letters cost $ 160 a year, and ethers with 3 letters cost $ 640 a year. Three-letter and four-letter ENS domain names are expensive due to the small number available.
Sunkerneni just entered cryptocurrencies this year, but “I understand how important it is turning into a big space and I want to bring what I care about into the fold.” She says. “Giving cryptocurrencies and NFTs as gifts sounded like a natural option.”
“I think digital assets are very valuable.”
Allison Reichel plans to send family and friends the same amount they would normally spend on gifts and gift cards in cryptocurrencies, but only if they are interested in receiving it.
“I think digital assets like Bitcoin are very valuable and represent many elements of both free markets and free choices. That is, individuals choose to participate in these markets and are under pressure. It’s important not to feel “24 years-old.
Based in Austin, Texas, Reichel will be presenting a combination of Bitcoin, Ethereum and Solana. Bitcoin is currently trading at around $ 46,953, according to Coin Metrics, but you can also buy a decimal unit called satoshis. Ether is trading at around $ 3,731 and SOL is trading at $ 160.
“I like to stick to assets that I believe exist for a while and try to maintain their value, so meme coins are fun, but I haven’t really seen them,” Reichel said. Mr. says.
24-year-old Allison Reichel will present digital assets such as Bitcoin as a holiday gift to friends and family.
Courtesy of Allison Rachel
“NFTs as gifts will be new in the coming years.”
Los Angeles-based Cooper Thali will spend about $ 10,000 on NFTs as a gift. The 26-year-old woman is also excited to donate the ENS domain as a way to “welcome to Web3.” This is a decentralized iteration of the Internet that powers blockchain-based applications such as NFTs.
“I have bought some music NFTs and are shopping. [platform] “Nifty Gateway for the old NFTs of prominent creators who can be given as a great gift,” he says.
26-year-old Cooper Taree will spend about $ 10,000 on NFTs as a holiday gift this year.
Courtesy of Cooper Thali
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