What do you need to know about this powerful amulet in NFT?

3 min readApr 29, 2022

The NFT amulet craze hit Thailand as Buddhist amulets entered the blockchain. Crypto Amulets : Monk-blessed NFT enter the blockchain in Thailand

Thai amulets have millions of collectors around the world and are valued at $1.25 billion each year, making them highly valuable. Recently, Crypto Amulets in Thailand sold an NFT digital amulet blessed with the blessing of 95-year-old Luang Phu Heng Papaso, an admirable Abbot of Pattana Thamkaram Temple in Surin Province.

The Crypto Amulets made a total of 8,000 NFT amulets and divided them into 8 types at a price of 0.02 Ethereum to 0.8 Ethereum. The buyer will have all rights including commercial rights to all NFT amulets purchased by him/her, and can expect both the value of the original amulet and the value of NFT.

NFT has spread throughout the industry and has become a mega trend in the stock market as well.

It is this rarity that stimulates human possessiveness. Since NFT can set a limited issuance amount, it has the value of scarcity, and that strongly stimulates human possessiveness in that a community is formed among people with limited resources. NFT collectibles of a specific culture or subject that many people are interested in and talking about maybe valued higher.

2021 is also the year of growth for the NFT market. As NFT digital works are traded at prices that ordinary people cannot imagine, and NFT is widely known to the public, the number of NFT Google searches has skyrocketed, and the number of users of the NFT platform is also increasing. Following this, many celebrities, large corporations, and popular brands across the industry are also rapidly adopting NFT.

NFT is attracting attention as an attractive investment because it can create non-copyable content such as videos, pictures, and music, and the related market is rapidly growing. According to Dapp Radar, a blockchain data company, the size of NFT transactions in the third quarter of this year was $10.67 billion (about 12.585 trillion won), an increase of 704% from the previous quarter, and a whopping 38,000% increase compared to the same period last year.

In particular, the stock market is now in “fever” mode. Stock market experts also view the NFT as a ‘megatrend’ rather than a ‘shiny theme’. A domestic stock market expert said, “A new technology called NFT is rapidly infiltrating our daily lives, and various industries have started to use NFT. It is true that the price fluctuation is still very large, but we need to understand the NFT market from a wider point of view by considering the value and utility of NFT and their industrial impacts. “ He added, “NFT is still an early-growth industry, and there are many issues to be resolved, such as copyright and taxation. But the thing should be noted is that a lot of money is flowing into the NFT market, he emphasized.

The expansion of the NFT market, which has become a megatrend in the investment market due to its scarcity that stimulates human possession, is expected to continue in the future.

The power of digital amulets

Amulets have been closely related to human life and religious culture since time immemorial, and even now, many amulets are made and used in various forms every year. Regardless of a real amuletor or a digitalized amulet, its effect of bringing the amulet owner psychological comfort is not different. The belief that amulets protect him/herself leads to a positive attitude that all circumstances will improve and good luck will come.

Based on blockchain technology, digital amulets have gone further from the meaning of a simple amulet to give greater meaning and value to digital assets and ultimate rarity.

Come to us and learn more about digital amulets in the new money wave — NFT age!

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