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⚡Google Trends: NFTs Near ATH And Close To Bitcoin's Popularity

It's official: NFTs have become the top crypto trend of 2021

Hey Blockster, While Bitcoin and Ethereum reached all-time highs this year, as well as DeFi continued its growth, NFTs have managed to steal the show from the broader cryptocurrency market in 2021. As a quick recap, non-fungible tokens are blockchain-powered digital assets that are limited in supply, rare, and irreplaceable. As they can be easily authenticated and traced on the distributed ledger, they offer real ownership for their holders.   Interestingly, when NFTs have started to gain traction this year, they were dismissed by many critics who viewed the assets as a simple fad or mania fueled exclusively by hype.   While there was indeed an extraordinary amount of hype around non-fungibles, these assets definitely want to stay in the crypto market in the long run.   What proves this best is that many well-known figures, billionaires, artists, and athletes have adopted them or launched their own digital collections. Combine this with the hundreds of thousands of investors and users as well as numerous businesses that have joined the NFT sector in the past few months.   As a result, while the hype around NFTs has started to reduce, non-fungibles are aiming to break records on Google Trends in December. While they are close to reaching a new all-time high in terms of Google searchers, NFT queries have already passed Dogecoin and Ethereum and are very close to Bitcoin's traffic.   Learn the details of the story by reading this article on Blockdesk. In addition to the rise of NFTs, we have more exciting crypto stories for you today. Check them out below: PlaceWar — A Gaming ICO That Sold Out Almost Immediately – Fancy some blockchain gaming? Check out PlaceWar, a new play-to-earn game that raised $40 million in November throughout an ICO. Fun fact: it only took a few hours for the sale to reach its hardcap.   India Parliament's Winter Session: Three Crypto Bills Are Off The Table – As India is approaching the end of the Parliament's Winter Session, lawmakers are discussing which bills they should decide on now and which ones they should move to next year. Interestingly, three crypto bills have fallen in the latter category.   Crypto Taxes — Why This Is Going To Be An Important Factor From Now On – While many viewed crypto as an asset that helps avoid taxation in the early days, governments worldwide have rolled out cryptocurrency regulations that require investors, traders, businesses, and other market participants to pay taxes after their earnings.   Indian Crypto Adoption Figures Exaggerated Says RBI Governor – Despite growing adoption in the nation, India's regulators seek to pass anti-crypto laws in the future that would hinder the industry's growth locally. Now, the government has even expressed its concern over the figures that indicate the rate of cryptocurrency adoption within the country, saying that they are "inflated." Hope you enjoyed today's crypto stories. As usual, we will come back with more tomorrow; be sure to check your inbox! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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