January 17, 2024 3:02 PM | 2 min read
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Non-fungible tokens (NFTs) may not be as hot as in 2021, but Kevin Hart‘s new Netflix movie “Lift” shows the cultural phenomenon still has life.
What Happened: One of the film’s plot points revolves around the main characters stealing a single-edition NFT created by an anonymous digital artist and worth $20 million. Crypto enthusiasts on X see the movie as bullish for mainstream NFT adoption.
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One user tweeted, “Bringing exposure to NFT’s and legitimizing them to millions of normies. Bullish.”
Another X user reacted with the words “We. Are. So. Early.”
“Former Wall Street Macro Trader” Wizard of SoHo said:
So watching the LIFT movie … 15 mins in…
Kevin hart and team are stealing an NFT at an auction.
A whole heist movie with one of the top stars… and the start of the movie is about stealing and selling an nft for 89mm dollars …
And you are fading NFTS? Lfmao
— Wizard Of SoHo (🍷,🍷) (@wizardofsoho) January 13, 2024
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Why It Matters: The “NFT Awareness and Adoption Report” report by Security.org found that ownership of NFTs grew from an estimated 4.3 million to 9.3 million people between 2021 and 2022.
The report also indicates that around 7% (or 16.3 million potential customers) of non-NFT owners said they are likely to purchase one in the upcoming 12 months.
Familiarity with NFTs also rose from 20% in 2021 to 65%, driven by factors like the increasing popularity of cryptocurrency, the growing number of NFT creators and celebrity buzz around NFTs.
While the NFT market has cooled from its peak, they remain a feature in pop culture through movies like “Lift” and appearances on TV.
Also Read: GameStop Shuts Down NFT Platform Citing ‘Continuing Regulatory Uncertainty’
Image: Shutterstock
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
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