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Why Should You Gift NFTs?

The statistics are very clear: NFT gifts are steadily gaining popularity. The trading volume of NFTs rose sharply during the third quarter of 2021 to $10.67 billion, constituting a 704% increase from the previous quarter. NFT sales have grown 131 times from the first quarter of 2020 to the first quarter of 2021, which saw $2 billion in sales. In addition, while NFTs can sell for anywhere between a few dollars to millions, almost half  of all recorded sales are under $200, making the average price for most NFT gifts affordable.

What are NFTs?

Before discussing why NFTs make unique gifts, let’s understand what they actually are: NFTs are Non-Fungible Tokens. They are tokenized digital files with rights of ownership. These digital assets may take the form of a video clip, gaming accessories, sports cards, artwork, music and even gaming real estate. When purchasing an NFT,  right of ownership is registered on blockchain. The owner has exclusive rights to sell the asset. 

What makes NFTs a special gift?

You might ask why you should consider bestowing a non-tangible gift. After all, you are accustomed to gifting flowers, chocolates, spa days and various other physical gifts. As you know, flowers shrivel, chocolates are eaten and spa days come and go. There are no lasting memories that make the gift unforgettable.

NFTs, on the other hand, last forever. Here are several other aspects that make NFT gifts unique:

  • Special NFT gifts, for example artwork or music by a favorite artist, offer a sentimental value which lasts for years, something the recipient can return to regardless of the item’s value over time.

  • Many people savor the excitement surrounding the NFT. Will it rise or decline in value? This element keeps the gift alive in the recipient’s mind, making it unforgettable.

  • The recipient is the sole owner of the NFT.  Some collectors are more impressed by the fact of authenticated ownership than the item itself.  

  • The NFT is an investment. It may rise in value over time, making it an ideal gift. Who doesn’t want a gift that will eventually appreciate?

  • Many people believe that the metaverse is the next generation of commerce and that NFTs will figure largely in this new world. Even if this is an exaggerated view, purchasing an NFT is a great way to invest in the future and see how the item thrives. It just might become as valuable as a baseball card from the 1960’s. Time will tell.

Giftoin – the perfect solution for gifting NFTs

In many cases, gifting an NFT is currently somewhat complicated. For one thing, your recipient has to set up a digital wallet and learn how to use it. Usually, the purchase and sale of NFTs involves cryptocurrency payment. Not everyone has access to cryptocurrency payment methods. 
That’s where Giftoin comes in. Giftoin is a blockchain-based platform that enables you to easily gift NFTs or crypto coin sets. All you need to do is choose one of a variety of NFTs or crypto coin sets and pay with your payment method of choice. Our system sends the gift out immediately, and stores it in a secure, designated Giftoin wallet. The recipient receives notification regarding the gift, and can monitor its ongoing value in the Giftoin dashboard. The gift holder has the option to keep the gift, resell or return it. 

Taking gifting to new heights 

Ready to try something completely new? Open the door to the metaverse. NFTs make enduring, exciting and long-lasting gifts for your adventurous friends, family and soulmate. 
Visit our catalog to check out our unique NFT gift offers.

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