Warner Bros. is dipping back in on the nonfungible tokens, otherwise known as NFTs, trend. The studio has announced that it's going to launch and sell 100,000 NFTs of the avatars for the upcoming movie, The Matrix Resurrections, just before the film premieres later this year.
Warner Bros. partners with Nifty for Matrix NFTs
NFTs are similar to baseball and basketball cards, as well as other real-life collectibles. The only difference is that they are all digital and that each piece uses blockchain technology to guarantee that it's unique and one of a kind. NFTs have been around since 2015 and the interest surrounding these crypto-based collectibles has only grown ever since then.
Due to the recentl rise in the popularity of cryptocurrencies, the monetary value of NFTs has grown by a significant amount this year. The most recent estimates suggest that NFT transactions exceeded $2 billion in the first quarter of 2021 alone.
