Canadian superstar buys $470K worth NFTs
It seems that Justin Bieber is very interested in having a collection of NFTs collectibles.
Crypto NFTs concept entered the crypto Industry in 2020 but grabbed huge traction and success in 2021. However, this concept is not new, because already NFTs concept was introduced in this world in early 2010 but at that time it failed to grab popularity because of lack of internet reach in the whole world uniformly in the population. From 2020 to 2021, Crypto NFTs pushed a big non-crypto sector to use crypto assets and also opened a portal to the artists to monetize their content.
In the latest Justin Bieber, a famous Canadian superstar purchased ape #3850 for 166 ETH, currently worth around $470K.
Before this, he purchased ape #3001 for a whopping 500 ETH, worth $1.3 million at the time.
The image of the latest purchased NFTs Digital item can be seen below
NFTs is moving toward other use cases
However, the entry of the NFTs concept in the crypto industry resulted in a huge inflow of money from the non-crypto community and also it brought huge numbers of users in the crypto industry but right now blockchain technology-based NFTs concept is going to take a new use case.
Many experts and businessmen noted that Blockchain technology-based NFTs can be used in real life. For example ownership of lands, properties, and houses.
Experts also noted that the use of NFTs based ownership of real-life real estate property will eliminate the scams like selling of the same land to different people or misinformation about lands past etc.
Besides the use of NFTs as proof of ownership of real-life properties, we will be used to pay taxes under a perfect system and rules, which means it will avoid mistakes and flaws of tax rules.
Read also: Nintendo interested in Metaverse: Report
