Bitfari launches Digital Land NFT Marketplace
PITTSBURGH, PA, US Rate (CAGR) of 35.0% from 2022 to 2027. These are staggering calculations that highlight the importance of this new technology.
But what are NFTs? Forbes Magazine defines them as “real-world digital assets such as art, music, in-game items and videos. They are bought and sold online, often with cryptocurrencies, and are generally encrypted with the same underlying software as many cryptocurrencies.” . NFTs come in many shapes and forms, and now Bitfari DAO has launched an NFT marketplace for “digital land” or virtual billboards projected on top of real land, visible through AR glasses, smartphones and other personal data devices.
At the time of writing this article, the most expensive NFT that has ever been sold is The Merge by Pak. It was sold for $ 91.8 million on Nifty Gateway in December 2021. On average, NFT sales tend to vary between $ 10 and $ 20 million per week, according to data shared by NonFungible.com. However, there have been some wild weeks in 2021 where weekly sales were more than $ 170 million.
NFTs embedded in Bitfari’s marketplace can be used to project ads, communicate with people in the area and distribute local applications that create a digital layer of versatility around the site. Bitfari has created over 40 networks to project information on top of digital land and has already sold more than 4,000 digital land NFTs. At the time of writing, Bitfari has the No. 1 NFT collection by daily volume on the popular NFT marketplace Gamma.io and is the second most executed smart contract on the Stacks Network (a blockchain that provides smart contracts for Bitcoin).
Bitfari is an advertising DAO that buys and provides advertising space in bulk, and provides large discounts and free targeting technologies to users. Bitfari sells heavily discounted ads on digital billboards, smartphones, TVs and computers to advertisers, while offering targeted content to end users.
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