World’s first ever hybrid NFT marketplace launched by British startup Mostexpensive.io: Here’s what it is and how it works?

Now, NFTs are everywhere! From relative obscurity to massive popularity, NFTs or Non-Fungible Tokens are making a whirlwind across the digital art scene. For your reference, more than $2B (approx £1.4B) was spent on NFTs during Q1 2021, an increase of about 2100% from Q4 2020. 

In March, Mike Winkelmann (known as Beeple) created history when he sold his digital artwork – The First 5000 Days, for $69.3M (approx £50M) to Metapurse founder Metokovan. Notably, it is the most expensive digital artwork sale to date.  

Thereupon, the NFTs phenomenon became massively popular, not only among blockchain users but also in the art world. Consequently, more and more artists started creating tokens for music, videos, digital art, and memorabilia (in sports) for collectors to buy and trade. 

To reiterate, NFTs are unique cryptographic tokens that exist on the blockchain and cannot be replicated. Want to understand the basics of NFT? Click here.

World’s first hybrid NFT

In this regard, London-based NFT marketplace startup Mostexpensive.io has launched the sale of the world’s first…