Supreme – the ultra-trendy brand. NFTs – a concept that most don’t understand, but the future of buying and trading art and basically everything digital will be. Both Supreme and NFTs can benefit from each other. The ability to purchase Supreme’s digital content through NFTs would be a surefire way to get everyone to know, talk about, and want to NFTs even more than they do now. But the stakes are higher for Supreme. NFTs can be a multi-million dollar opportunity for Supreme and create a secondary market for the company.
Sounds like a stretch? Well it doesn’t have to be. First a brief briefing on NFTs. NFTs are non-fungible tokens, which are digital content linked to the blockchain. This digital content is not limited to digital art and can include images of physical objects, video game skins, GIFs, tweets, virtual real estate, and more. NFTs are not fungible, so unlike fungible assets like Bitcoin, they are unique and not interchangeable. No two NFTs are alike. Once you own an NFT, you are the sole owner.
One of the charms of Supreme was exclusivity and unparalleled creativity. Everyone wants the latest Supreme Drops, but there are a limited number of specific Supreme products available. People waited in line for days to get their hands on Supreme merchandising. So there is no reason to believe that people would not take the opportunity to purchase Supreme’s NFTs, especially if it means they are the sole owner of this particular Supreme digital product. And there’s no reason Supreme shouldn’t take this opportunity to take advantage of NFTs. The NFT market rose to $ 2.5 billion in the first half of 2021 and is growing and growing. With its unprecedented creative focus, Supreme could create merchandise such as digital art and videos that would be sought after by thousands of people.
Fortunately, the wedding between Supreme and NFTs could be very soon thanks to NFT marketplaces like Spores Network that align with his branding and vision. Spores Network believes that ownership decentralization and the burgeoning metaverse will uniquely connect our digital and physical lives. Your mission is to create an NFT ecosystem that is creator-centered, community-oriented, and limitless. Spore’s unique twist on the NFT marketplace is that they act as a media company utilizing an NFT marketplace and game publishing platform to enable content creators in the arts, games and entertainment.
Supreme’s capitalization of NFTs could change the future of the company and the future of how NFTs are perceived. For Supreme – and all of us – it would be best if this union happened sooner rather than later.