Pepsi brings 1,893 artificial NFTs Marking the year of birth, creative artists dive into the work of digitization

Pepsi has chosen to go with a series of unique non-fungible tokens (NFTs) to mark its birth year, 1893. Titled “Pepsi Mic Drop,” the company’s NFT series will include 1,893 pieces micro image, inspired by Pepsi flavors such as Classic Blue Pepsi, Diet Silver Pepsi and Red Pepsi Wild Cherry, among others. Each of these Ethereum-based NFTs will be randomly generated by an algorithm, further increasing their uniqueness and quotient. NFTs are digital collections built on blockchain and inspired by real-world elements.

The public buzz surrounding its launch NFT , Pepsi has asked interested people to register themselves on porta waiting listl and verify their credentials. After completing the verification process, everyone will be able to generate an NFT “Mic Drop”.

While these NFTs are free to mine, gas fees to facilitate Ethereum transactions will have to be paid by miners. Because each transaction on Ethereum Blockchains require computational resources to execute, they require transaction fees, also known as “gas fees”. Gas prices are expressed in “gwei” and each gwei is equal to 0.000000001 Ether.

Those interested will also have to set up cryptocurrency wallet for this NFT casting.

In flipping through these flashy pieces of NFT, Pepsi detailed the launch.

In an effort to match the rapidly evolving pace of the crypto generation, several brands have jumped on the NFT-wagon, offering fans and followers the chance to own collectibles. limited edition digital on blockchain.

Before that, Pepsi’s big rival Coca-Cola launched a 4-piece NFT collection on the occasion of International Friendship Day. The auction of those pieces raised more than $575,000 (about 4.5 crore), Coca-Cola has declare.

Budweiser, Macy’s, Taco Bell, Burger King, and McDonald’s also launched the exclusive NFT line.

In the third quarter of 2021, NFT sales grew to $10.7 billion (approximately Rs 79,820), an increase of more than eight times from the previous quarter, according to data from the market tracking firm. DappRadar.

Consumer interest in owning digital collections is growing, and a number of artists from around the world are speeding up efforts to digitize their work and put them up for auction. collectors around the world.

In Malaysia, for example, the trend of creating and auctioning NFTs is attracting more artists to try the space. From 3D animations to memes, as well as illustrations inspired by Southeast Asian multi-ethnic cultures, Malaysian artists are expanding their portfolio of digital art.

“At the beginning of the year, you could count the number of Malaysian artists actively minting and selling NFT on one hand. That number steadily increased into the hundreds over the course of a few months, and now we can go up to the thousands”, a report Al Jazeera quoted Munira Hamzah of the Malaysian non-profit organization NFT as saying.

More recently, American digital artist Mike Winkelmann, better known as Beep earned a whopping $28.9 million (approximately Rs 215) by selling HUMAN ONE, a futuristic piece of art as an NFT.

In the first day of this month, Ross Ulbricht, the jailed founder of the now defunct Dark Web marketplace called “Silk Road”, auctioned off NFT for $6.2 million (approximately Rs 47).