Gary Vaynerchuk, a well-known crypto influencer and investor in projects such as Coinbase and Twitter, has decided to give away the first NFT to anyone with a MetaMask wallet.
Do you have a metamask wallet but dont have a NFT YET? if so reply with your address I want to send a few of you a free FIRST NFT! ❣️💕🔥
— Gary Vaynerchuk (@garyvee) September 4, 2021
To increase the adoption of non-fungible tokens, Gary wants to give them away to those who have a wallet but don’t yet own any NFTs.
Under Vaynerchuk’s post there are nearly 12,000 comments, showing that many are interested in the topic and that NFT adoption is growing.
NFTs given away by Gary Vaynerchuk
Among the NFTs that Vaynerchuk has given away are Deadheads collectibles, 10,000 copies of which were sold on OpenSea and which have been traded for over 4,000 ETH, with a current value of around $16 million.
Another NFT that was given away was the Fame Lady Squad series of which 8888 copies exist and have sold for around $10 million.
The MetaMask wallet
Metamask is the best known and most popular wallet for Ethereum (and others) in the crypto sector.
With more than 10 million users worldwide – according to end-August 2021 figures – the growth in adoption of this wallet has increased by 1800% over the past year, thanks in part to NFTs and decentralized finance (DeFi).
From DeFi to NFTs and back
According to OpenSea’s data, in the first quarter of 2021, the NFT market began its upward trend as interest in DeFi declined.
Traders seemed more interested in the gains from buying and selling NFTs than in the gains from decentralized finance platforms.
But now the trend is reversing again, and according to TradingView data, DeFi has been on the rise since it hit its lows in mid-July 2021.
Total Value Locked (TVL) in DeFi’s protocols has also reached record figures of $99 billion.
The use of NFTs by governments
According to Lennix Lai, director of financial markets at the OKEx exchange, NFTs will also soon be used by governments
“I think if you really want to make something impactful for the real world – actually bring crypto mainstream – you need NFTs. I think the final state would be government adoption,” Lai told Business Insider a few days ago.
For example, Lai sees a certain connection with green passes and Covid-19 vaccinations, which she says could be put on the blockchain in the form of NFTs.
Moreover, perhaps because of this, Lai said she thinks NFTs will reach mass adoption within five years.
“I think we’ll see [NFTs] go mainstream in the next five years.”