Visa’s partner, an Estonian credit card company, Wallester have stepped into the NFT space with an investment into 33 Tokens from the Astro Frens collection. Reportedly, the purchase totalled 3.05 ETH, or about $10,000. So, maybe they took notice in the scene due to their partner Visa, who picked up a Cryptopunk #7610 for $150,000 in the August bull-run.
About the Wallester NFT Investment
The company claimed that it supported its global partner Visa in their dive into the NFT space. In fact, they invested in the Astro Frens collection, a collection of 10,000 bulls. Apparently they purchased 33 tokens, worth around $10,000. However now, the project’s floor price is 0.068 ETH, or $224 USD.
About the NFT investment, Wallester representatives stated: “As a young company, we want to support projects that are just as young and promising. We love the Astro Frens collection, and we have no doubt that the future is in NFT and cryptocurrency. If you too are promoting crypto- and NFT-products, we would be happy to offer you personalized branded payment card solutions”
The Future of Mainstream Investments
Obviously, Wallester’s NFT investment is far from the first in mainstream markets. We’ve seen many companies hop onto the trend of NFTs as of recent; some creating their own, others simply investing. From Coca-Cola to Visa, TikTok to the Chicago Bulls – the potential of NFTs is finally clear. Additionally, even mainstream celebrities, like Logan Paul, Floyd Mayweather, Jay-Z and Snoop Dogg now invest in NFTs.
The influence and capital mainstream companies provide will be beneficial to the space. Basically, it makes NFT tech seem accessible, whilst potentially increasing the size of the audience. To clarify, the demand for NFTs keeps proving itself. Even after the September dip , the demand for NFTs remains. Actually, this Wallester NFT investment just continues to prove the vast potential of the space.
Want to know more? Check out the Wallester website.
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As always, make your own research prior to making any kind of investment.
