Did HUH Token Call it? NFTs Continue to Stir Excitement While Bitcoin, Ethereum & Fantom Stay Down

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

At the beginning of last year, the thought of pixelated, cartoon-like images selling for millions of dollars due to being ‘unique’ and ‘non-replicable’ would have been laughable. But no one’s laughing now, as the NFT market flourished into a USD 40 billion industry at the end of 2021. 

Pixelated characters merely mark the dawn of NFTs and the metaverse, and hint at what our future will look like. NFTs have many practical uses that could be transformative – paper-based transactions could be eliminated if signatures were tokenized, while tokenizing important documents would comprise the most secure form of storage. Thus, NFT experts believe that the industry will keep on growing. By 2025, the NFT industry is estimated to be worth an immense USD 80 billion. 

Crypto seemed to get swept aside during this NFT craze. Although 2022 predictions for Bitcoin, Ethereum, Dogecoin and Fantom were majorly optimistic, the year has been off to a sluggish start for crypto. Following the surge of crypto investors worldwide in 2021, largely facilitated by the ongoing pandemic, governments became concerned, and several have already imposed restrictions on crypto. Some countries have also started piloting their own CBDCs in attempt to re-centralize currency.

Notably, Bitcoin is staggering. Yesterday, the first ever digital currency plummeted to USD 38,000 for the first time since last summer, supposedly triggering a chain reaction impacting the rest of the market. Lowering values are beginning to worry hopeful crypto investors. Experts even pushed back predictions that Bitcoin will surpass USD 100,000 until later down the line. All these factors have only added to the mainstream appeal of NFTs.   

However, experienced investors understand that declining values of Bitcoin, Ethereum, BNB etctera merely reflect the highs and lows of the cryptoverse. Relying on the same blockchain technology, NFTs and cryptos will compose fundamental features of the highly anticipated metaverse, which is rapidly being developed by technology giants such as Meta (formerly Facebook), Microsoft and Apple as well as Decentraland, Roblox and Valve. We’re already beginning to see that progress, as Twitter just introduced NFT profile pictures. Days prior, Mastercard partnered with Coinbase to increase NFT accessibility – once Coinbase launches their upcoming NFT marketplace, NFTs can be bought with by card.

Uti-meme HUH Token, who exploded 6000% within weeks of launch, appear unfazed by the NFT takeover. In fact, HUH might have even called it as their ambitious roadmap features its own NFT marketplace as well as sentiment tokens and eventually DAO. In attempt to form a decentralized metaverse named the MetHUH, the NFT presale will be dropped at the end of this month and will become a crucial aspect of the MetHUH.

HUH are utilizing NFTs to enable their users to gain from the data they generate, in stark contrast to Facebook and Instagram, who have faced allegations of data privacy violations. With influencers due to start promoting HUH from next week, the MetHUH aims to create a platform in which fans can buy NFTs from their favorite influencers while consuming exclusive content the influencers will make for the MetHUH. Striving for the best, HUH also plans to introduce a kind of rating system, which will be known as sentiment tokens. Using advanced technology, ‘tones’ are assigned to content, which will reward influencers and users alike if favorable in HUH Tokens.

The language here is definitely confusing, which won’t come as a surprise if you’ve already tried to read about the metaverse. Either way, blockchain is expanding to include more and more life-changing things to produce something comparable to the Industrial Revolution. And as always, the ones who benefit are the ones who get in on it early.

Learn more about HUH Token here:

Website: https://huh.social

HUH Official Swap- https://swap.huh.social/

Telegram: https://t.me/HUHTOKEN

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.