As technology matures, more uses will emerge?

Before the age of smartphones allowed the average person on the street to snap a selfie with their favorite celebrity, autographs and signed memorabilia were highly sought after by collectors. Naturally, the value of these real-world, authentic and rare keepsakes are high and remain so today.

However, thanks to the utility of blockchain technology, digital collectibles are becoming the modern-day autograph or the one-of-a-kind, priceless piece of art. People need to look no further than the $69 million paid at auction for the now-famous “Everydays: The First 5000 Days,” a digital collage created by digital artist Mike Winkelmann, better known as Beeple.

The auction of the digital art piece, which featured some 5,000 pieces of digital art created by Winkelmann, is the most expensive NFT ever sold at auction by world-renowned auctioneers Christie’s. In one swift strike of the auctioneer’s gavel, a piece of crypto art not only rocked the world of digital collectibles but instantly brought NFTs into mainstream consciousness.

The world of art is not the only industry to be enjoying the fruits of NFTs’ popularity. Various sporting icons, brands and teams have entered the fray by minting trading cards and digital memorabilia that have also attracted million-dollar bids from sport-loving NFT collectors.

NFL veteran Rob Gronkowski set the bar high for the sport NFT space after his recent auction of a limited edition series of trading cards commemorating his four successful NFT campaigns. Each successful NFT title was represented by an NFT trading card consisting of 87 digital versions, while a fifth, one-of-one “Career Highlight Refractor Card” was created as a tribute to those four successful campaigns.

Gronk managed to sell a total of 349 trading cards at auction as well as the one-off Career Highlight card to 95 different owners. The total trading value of the auction was 1,014 Ether (ETH) valued at $1.8 million, with the one-off Career Highlight NFT…

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