2021 was a significant year for the NFT space — the market surpassed $40 billion, Beeple’s historic $69.3 million sale made headlines, and we were introduced to Bored Apes. NFTs were quickly becoming more mainstream, even making an appearance on SNL.
Considering this fame, it’s no surprise that 2021 also became the year of the NFT gift. In fact, CNBC reported that millennials and Gen Z planned to spend “thousands on cryptocurrency, NFTs, and metaverse land” as holiday gifts that year. Major news outlets, from The Washington Post to Bloomberg, shared the stories of those who intended to gift NFTs or had them on their wishlist that holiday season.
It’s too early to tell whether the 2022 holiday season will result in an even bigger year for NFT gifts, but if you’re interested in gifting an NFT, we’re here to help. From asset-backed luxury spirit NFTs on BlockBar.com to virtual t-shirts and trading cards, there’s something out there for everyone on your list.
How to gift an NFT
Gifting an NFT isn’t quite as simple as buying an object, wrapping it, and setting it under the tree, but it can still be done in three simple steps:
- Create a digital wallet. Before you get or gift an NFT, you need somewhere to store it — i.e., a crypto wallet. Popular software (hot) wallets include MetaMask, WalletConnect, and Rainbow Wallet, while hardware (cold) wallets include Ledger and Trezor.
- Purchase the NFT. There are many marketplaces to choose from, including OpenSea, SuperRare, and Rarible — to name a few. Be sure you budget to cover the cost of both the NFT and any associated gas fees.
- Send your gift. To send an NFT, you’ll need the recipient’s public wallet address. Once it’s sent, don’t forget to confirm receipt using a tool like Etherscan.
More information can be found at nftnow.