So what can token-holders do with their nifty metaverse NFTs? That’s the million dollar question. Non-fungible tokens are often used as avatars and can be viewed as a status symbol on social media platforms.
Steph Curry has already dabbled in NFTs, plunking down $180,000, or 55 ETH, earlier this year for one of the most popular digital collections out there, the Bored Ape Yacht Club. Curry has since placed the Bored Ape with zombie-like features wearing a tweed suit as his profile picture on Twitter.
Under Armour is the latest in a wave of projects and companies, both traditional and those native to the blockchain, to fan the NFT flame. On the native side, MetaMask, a crypto wallet and bridge to decentralized applications (Dapps) on the blockchain, is also planting its NFT flag.
Big Time Studios is a project founded by Ari Meilich, who is also Decentraland’s former project lead. Big Time is launching a SPACE NFT collection for its space travel game today. The NFTs, of which there are 60,000, are being sold in an auction.