Roses are red, violets are blue, prices are rising, so here’s an NFT for you
Towards the end of 2022, the Singapore government announced that the GST was going to be raised from 7% to 8% in 2023, which led to a wave of worry over rising prices. Christmas and LNY were already close enough, but add Valentine’s Day to that mix and couples around the island start to tighten their wallets in anticipation.
Remember, the prices of flowers and chocolates go up nearly 2 to 3 times during Valentine’s Day thanks to the commercialisation of the festival (did you know that over 250 million roses are grown specially for the event!). With consistently rising prices in this day and age, it might be more romantic to give a good piece of investment, like gold, or crypto currency than flowers to your other half.
Plus like Miley says “I can buy myself flowers”, it’s time to up your gift giving game for this year’s Valentine’s Day find out if are there better gifts for your other half!
1. The Price of Bitcoin
Everyone knows about the wonder that is Bitcoin, but would this make a valuable gift? According to an article by Finbold, Bitcoin is projected to stand at $23,868 this Valentine’s Day. Well, while that might be quite the pricey amount to spend, it’s definitely a good idea to consider switching your love gifts this year!
You would even be leaving an inheritance (or your retirement plan) behind with one gift.
2. The Price of a Picture
If the Bitcoin is a little out of your range, you could also consider getting the Belvedere museum’s latest NFT drop of Gustav Klimt’s “The Kiss,” one of the world’s most famous works of art (depicting a pair of lovers!).
This is a collaboration with the artèQ investment fund, and will be released just in time for Valentine’s Day as a limited number of digital artworks.A high-resolution digital copy will be divided into a 100-by-100 grid, resulting in 10,000 inimitable individual pieces that will be offered as NFTs.
As general director of the Belvedere Stella Rollig said, “What does it mean to own a work of art in the digital age? The rise of NFTs, which has preoccupied the art world since 2020, has given fresh impetus to this intriguing question. The conversion of digital reproductions into virtual originals opens up new forms of participation that, in financial terms, should be taken seriously, yet can also be viewed playfully.”
Proving that NFTs are on the rise not only as collectibles, but also as gifts for special occasions.
3. The Price of a unique love
Of course, if you want something that is uniquely yours (like a tattoo), you could opt for Capitalistor’s customisable NFTs! Whether it’s a cute picture of your significant other, or a special image of their favourite idol (BTS, Singles Inferno, you name it, we got it), this is sure to be one memorable and worthy present! Because it not only has your heart in it, it has investment value too.
Simply contact the team on Instagram, Facebook, Twitter or Discord (remember to follow and join their social media for more!) to discuss how they can help you to get the perfect NFT for your loved ones (or yourself, self love is the name of the game).
And while we can never put a price on love, there is the price of love (rising GST, HDB prices etc). But regardless, love is in the air, and we’d like to wish everyone a Happy Valentine’s Day❤️