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C Srory / Syed Naveed
NFT
FOR THE FUTURE
OF COFFEE
T he beginning of NFTs can be traced back to
2012, but it was not until 2021 that truly
marked the year of the NFT. We saw presti-
gious auction houses selling them, an artist
known as Beeple sold one of his digital art for a whopping
$69 million, and other blockchains, brands and celebrities
started incorporating their own versions. It was clear that
this trend was not only here to stay but also to disrupt
the art world and industries beyond it. This year is not
over and there are transactions of US$37 billion that have
already taken place compared to a total of US$40 billion
last year according to a report published by the blockchain
data platform Chainalysis team earlier this May. While
those numbers might not make sense to some, and making
and losing millions might seem speculative to many, this
year has charted a different course for these digital tokens.
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