It’s a big NFT money pie and everyone wants a piece of it. From Budweiser can NFTs to Pepsi mic drop NFTs. The rate at which NFTs are being produced right now, do you think we are in an NFT bubble?
Bubbles are situations when assets are priced more than they are valued or worth.
That’s the reason we are finding a crypto punk NFT sell for $10 Million. Is it really worth that much? But what can I see, if the people say it does and someone ouf for it then I guess it does value for $10 Million.
Yesterday Pepsi announced it will be dropping its Mic Drop NFT. When I heard about it, it felt right because Pepsi has been known for supporting the music industry. Ever since I was young I have always seen the brand as a supporter of music. From using musical artists as brand ambassador to supporting musical events. So it’s reasonable they are using mic as their first NFTs. They are going to be 1893 Mic NFTs,reasons behind the 1893 is because of its relation to the year Pepsi was born.
Well Pepsi is a global brand with lots of influence in the beverage industry, and they have 3 Million followers on Twitter. I guess it’s an NFT worth getting. The NFT is actually free but you will have to pay for a gas fee. But not everyone can get these NFTs because it’s 1893 limited so a waitlist was put in place. If you are fortunate to be on the waitlist, you will be able to mint it. Which is really cool because Pepsi is a big brand with history and owning a Pepsi NFT right now will be owning part of Pepsi’s history.
Today is the day for the waitlist and if you are interested you can check it here. Just like every other brands that got their brand NFTs listed on the Ethereum blockchain, Pepsi did the same . The link to be part of the waitlist has not been shared yet but will be dropped soon today. Probably while reading this it would be too late to be among the waitlist.
When the budverse can NFT was listed, the NFTs were sold out in an hour, am guessing when the Pepsi NFTs get minted we might see same. The budverse NFTs have already had 816 ETH trading volume that’s like over $3.5 Million. We might be seeing higher trading volume from Pepsi because Pepsi has more popularity and more consumers than Budweiser. Just may be, these consumers might just be invested in crypto making the demand high.