Do not ask me to do NFT, says fashion designer Kanye

Kanye hinted that he is not interested in Non-fungible collectibles-based ideas, at least for now. 

Crypto NFTs entered this industry and resulted in a game-changer move for this industry. At present, the crypto industry has shifted to that level where NFTs have many portals to use the blockchain technology in many ways to verify the owners of Digital and physical assets. 

Kanye West, rapper and fashion designer, suddenly posted a handwritten note on his Instagram account in the evening of 31 January. Through the published note, he stated that he is getting huge numbers of requests to launch NFTs collectibles but he is not ready for the same. 

“STOP ASKING ME TO DO NFT’s… FOR NOW I’M NOT ON THAT WAVE I MAKE MUSIC AND PRODUCTS IN THE REAL WORLD.”

In the present time, the NFTs concept are showing a big inclination toward the music NFTs industry. Recently Kings of Leon and Grimes offered their new albums as NFTs.

In the third week of January 2021, ET reported that Instagram is ready to launch its NFTs support that will allow its users to mint, buy, and sell NFTs collectibles. 

Huge growth of NFTs, sign of the Bearish market 

Chris Burniske, former leader of financial firm Ark invest, recently tweeted his point of view on the next Bearish signal for this crypto industry and hinted that the crypto industry is moving toward a big crash because the NFTs market,  just like ICOs based projects based on Ethereum network ERC-20 tokens in 2017.

Through the tweet, he noted that NFTs are still worthy in terms of use cases but probably these will be the main reason to bring a big crash in the industry.

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