Huobi Global to return $64.5 worth of NT tokens to NFT Buyers

Huobi Global returned tokens worth 64.5 million USDT to users who purchased NFT on Huobi Prime.

Huobi Global arranged the first distribution of NFT tokens

Huobi Global has introduced the APENFT token (NFT) as part of the next launch of the Huobi Prime platform. The sale of the NFT token began on Thursday, May 20, 2021. In the first ten minutes of the listing, the token rose by 3,800%, with the highest demand in the countries of Southeast Asia, the CIS and Turkey.

The APENFT token, powered by the Ethereum and Tron blockchains, helps to register art objects in the form of NFT. The project promises to become a link between artists and the crypto industry, help authors enter the NFT market, and make art accessible to everyone.

The event participants spent Huobi tokens (HT) worth $64.5 to buy and sell NFT on Huobi Prime. The exchange promises to return these coins to them three days after the end of the sale as a sign of appreciation for their long-term support. This is reported in the company’s press release.

Exchanges support hype for digital art

Cryptocurrency exchanges continue to support hype for digital art and NFT. More recently, it became known that the Ukrainian football club Dynamo will sell tickets for its matches in the form of NFT on the Binance NFT Marketplace, which is scheduled to open in June 2021.

In mid-April, the analytical platform CoinGecko presented its own NFT Spotlight platform. The site contains collections of non-interchangeable tokens, as well as the main news of the NFT market. So far, the site has only a few tokens from the collection of Doctor Who, Veve, R-Planet and others.

Read also: Russian artists to Sell NFT on Binance marketplace

Artists are also rushing to make money on the hype around NFT. For example, Andrew Brown from South London, known under the pseudonym Doctor Troller (Doctor Troller), put up for sale a new collection of 40 works for $500 each. Animation works in the form of NFT tokens were sold out instantly, and the total profit from the sale exceeded $20,000.

Read also: Review of the NFT marketplace with Russian roots Rarible and its RARI token

Experts believe that the popularity of NFT is temporary, but the hype around digital cards and exclusive items of famous people will contribute to the mass adoption of the technology as such.

Read our unique guide on how to make an NFT token and sell it profitably on the marketplace

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