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How NFT Culture Has Taken Over Social Media with Accounts like NFT Fool

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2 min read Last Updated : Mar 01 2022 | 1:26 AM IST

With the meteoric rise of technology and its swift implementation into the world of finance, the latest developments in the industry seem to largely revolve around crypto and blockchain. And while the last few years have indicated huge trends in investing in crypto, the latest craze, taking the industry by storm is nonfungible tokens, or NFT’s. 

But unlike anything else before it, the world of blockchain isn’t something that is taught in schools and universities—yet. Growing mega communities online, between Reddit forums and Twitter threads, many developing NFT experts are gaining their acumen and knowledge of the industry simply by reading and doing research. 

But another large part of the NFT community is social media. Accounts like NFT Fool on Instagram have quickly become a large part of the culture surrounding the trending tokens. Sharing relevant and relatable content that is NFT-focused, NFT Fool is just one of the many Instagram accounts that has become a source for news and commentary on the industry. 

And with younger generations like Millennials and Gen Z gravitating toward online forums, seeking advice, counsel and commentary on their industries, there has been a significant uptick in social media accounts like NFT Fool that have become the pulse of the industry. Now valued at $41 billion, the NFT space is growing exponentially. In this new era of fintech and digital investing, the culture will only continue to grow, evolving with social media trends and the latest generation. 

This article is provided for informational purposes only and should not be interpreted as investment advice. All investments involve risk of loss. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

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First Published: Mar 01 2022 | 1:26 AM IST

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