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Want to know about a market that’s growing 100%+ MoM? 
It’s the early days, but the market for non-fungible tokens is BOOMING. There is near infinite-potential.
NFTs are the
to the metaverse and predict they will change the way digital&physical assets are transferred.
It’s the early days, but the market for non-fungible tokens is BOOMING. There is near infinite-potential.
NFTs are the
to the metaverse and predict they will change the way digital&physical assets are transferred.
What is an NFT? 
An NFT is simply a digital token (cryptographic asset) that represents an asset that is one of a kind. Each NFT is singularly unique and can not be interchanged.
An NFT is simply a digital token (cryptographic asset) that represents an asset that is one of a kind. Each NFT is singularly unique and can not be interchanged.
Assets like Bitcoin or Ethereum are different because they’re fungible - meaning they can be interchanged and are not unique from each other.
If you and I trade a Bitcoin to each other, we each still have a Bitcoin.
If we trade NFTs, we’re swapping two unique assets.
If you and I trade a Bitcoin to each other, we each still have a Bitcoin.
If we trade NFTs, we’re swapping two unique assets.
According to @dapp_com, NFT growth is north of 100% MoM. I predict it’s only going to grow faster. 
This type of performance speaks to the popularity of NFTs which have been in parallel with the also-booming DeFi (decentralized finance) sector.
https://twitter.com/dapp_com/status/1339571048052793351?s=20
This type of performance speaks to the popularity of NFTs which have been in parallel with the also-booming DeFi (decentralized finance) sector.
https://twitter.com/dapp_com/status/1339571048052793351?s=20
What are some NFT use cases?
Currently, NFTs have been used mostly in digital art, gaming, digital collectibles, securitized tokens such as stocks, bonds & real estate.
One piece of NFT digital art sold for nearly $1m.
https://beincrypto.com/nft-digital-art-collection-sells-for-almost-800000/?ref=hackernoon.com
Currently, NFTs have been used mostly in digital art, gaming, digital collectibles, securitized tokens such as stocks, bonds & real estate.
One piece of NFT digital art sold for nearly $1m.
https://beincrypto.com/nft-digital-art-collection-sells-for-almost-800000/?ref=hackernoon.com
Some platforms are even using NFTs as collateral for loans and derivatives ( @nftfi).
This will open up entirely new financial markets that could have significant network effects.
https://twitter.com/sahilbloom/status/1359523070461898754
This will open up entirely new financial markets that could have significant network effects.
https://twitter.com/sahilbloom/status/1359523070461898754
My favorite example of NFTs is the NBA’s @NBA_TopShot which lets fans buy/sell/trade numbered versions of officially-licensed video highlights. They did $30m in revenue last month
Think: ($5b sports trading card market) x (Instagram) x (blockchain)
http://tinyurl.com/xo2eg9ej
Think: ($5b sports trading card market) x (Instagram) x (blockchain)
http://tinyurl.com/xo2eg9ej
NFTs are sold on marketplaces, such as @SuperRare - which sold millions of dollars of digital art in 2020.
Here’s a look at their metrics from mid-2020 which show tremendous growth.
Here’s a look at their metrics from mid-2020 which show tremendous growth.
Fractional NFTs (F-NFTs) add another level to the democratization of digital assets.
“If you're sitting on an NFT that is worth 100 ETH, there may be a part of you saying, ‘it would be nice to get a bit out of it’” - @NIFTEXdotcom founder Joel Hubert
“If you're sitting on an NFT that is worth 100 ETH, there may be a part of you saying, ‘it would be nice to get a bit out of it’” - @NIFTEXdotcom founder Joel Hubert
Lots of work to be done in the early days of the NFT revolution. One thing is clear: NFTs are easier to store/authenticate/collateralize/value/transfer/tokenize/secure than physical assets. (H/t @trends_vc )
Want a NFT 101? Read @ljxie (h/t) blog post https://bit.ly/3aWVz3H
Want a NFT 101? Read @ljxie (h/t) blog post https://bit.ly/3aWVz3H
I am building @BallStreet_ which is a marketplace that allows trading card hobbyists & alternative asset investors to buy fractional shares (F-NFTs) in player portfolios.
Get on the mailing list @ http://ballstreet.co for updates.
https://twitter.com/BallStreet_/status/1359565238694256643
Get on the mailing list @ http://ballstreet.co for updates.
https://twitter.com/BallStreet_/status/1359565238694256643
