CryptoTale has launched a first-of-kind non-fungible token (NFT) collection display that uses WebGL technology to browse digital artworks with a game-like 3D world experience.
According to a press statement shared with Finbold, a total of six unique NFTs, including Rat Poison, Your Funds are SAFU, To The Moon, Bitcoin Pizza, Bitconeeeect, and Mt Gox are included in the collection, which is now being auctioned off with interested participants able to bid from as little as 0.01 WETH.
The 3D artworks depict significant events in cryptocurrency history, ranging from the infamous comments by billionaire investor Warren Buffet terming Bitcoin and cryptocurrencies as rat poison to Pizza Day, a day which commemorates Laszlo Hanyecz’s payment of 10,000 Bitcoins for two Papa John’s pizza deliveries on May 22, 2010.
As per the creator, the release of the interactive NFT collection “presents an opportunity for cryptocurrency enthusiasts and collectors to acquire a historical piece of cryptocurrency history in a paradoxically limited but expanding virtual realm.” Also, the artist disclosed that there are plans to transform the game-like world’s land in the virtual world into NFTs, essentially allowing other artists to potentially use that space for their own work.
With the NFT market growing rapidly globally, CryptoTale plans to add additional artworks in the future through collaboration with artists from different disciplines.
NFTs cultural appeal
Apparently, what fuels the hype around NFTs is that their ownership and uniqueness can be confirmed, you can use them across applications built by various artists and enterprises, and you can exchange them easily on secondary markets. These capabilities open the door to new business models and application cases.
Speaking with popular YouTube channel Altcoin Daily, non-fungible token expert Matty (DCLBlogger) stated with regards to the NFT market in general:
¨I think it’s just going to dominate culturally; there’s a connection you make when you start to buy NFTs that you just can’t go back; it just penetrates the entertainment industry so well, from gaming to art, all these sorts of things.¨
Interestingly, in fitting with the mystique of the live 3D world, the artist behind the auctioned NFTs remains anonymous.