Monday, January 24, 2022

Is NFT a good investment

Is NFT a good investment

The risk gauge rank for NFT shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. The price of APENFT is 4.06% lower over the last 24 hours, leading to its current value of APENFT achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk..000002788. The change in price goes along with volume being below its average level while the token’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $772,523,733.71, meanwhile $338,095,025.76 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give APENFT a low risk analysis.

Is APENFT (NFT) a Good Investment Thursday?

APENFT achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

Trading Analysis

The risk gauge rank for NFT shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. The price of APENFT is 4.06% lower over the last 24 hours, leading to its current value of .000002788. The change in price goes along with volume being below its average level while the token’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $772,523,733.71, meanwhile $338,095,025.76 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give APENFT a low risk analysis.

Summary

Recent price movement of NFT gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token’s manipulability at the moment. Click Here to get the full Report on APENFT (NFT).

Bear cycles are inevitable in the crypto market. As token prices drop, what becomes more enticing? Gambling of these tokens. Being able to hold a piece of these casinos and see passive revenue through the worst times of the market is a smart strategy heading into the eventual bear market . Seriously, look at these projects for your wallet. Passive income is becoming all the rage in the NFT space. No industry makes passive income, online or IRL, quite like the gaming and lottery industry . As we see money transition from traditional Web2 gambling to Web3, get a piece of the action with one of these NFTs.

Are NFT Casinos a Good Investment? - NFT

Some things to note for our presale:

→ Minting opens at 9PM UTC
→ Maximum of 2 Sherbet NFTs per wallet
→ NFTs reveal 24 hours after our public sale
→ Minting will take place on https://t.co/AqiFGHtbjF
→ Official links are in our bio and Discord

Ready for a sugar rush? 🌈

— Sherbet (@playsherbet) November 24, 2021

But What Does This Intersection Look Like for Holders?
  • Free Tokens
  • $MANA
  • $DAI
  • $ETH
  • $ICE
Where Do NFTS Come In to Play in the Casinos?
  • Gambling Apes
  • Monkey Bet DAO
  • Sherbert
  • Sloties
What Does This Look Like for Owners?

The top performing NFTs today have 3 things:

1 – passive income for holders with a unique token
2 – web3 and play to earn capabilities
3 – breeding NFTs for more NFTs

And if you're looking for the next top performing NFT, say hello to Sloties 🍀#nft #NFTCommunity #NFTdrop

— Slotie (@SlotieNft) November 6, 2021

How do They Ensure Provably Fairness?

How are these games providing this to their users?

Should I Buy a Casino NFT?
  • Gambling Apes– Ξ1
  • Monkey Bet DAO – Ξ0.12
  • Sherbert – Ξ0.063
  • Sloties – Soon to release!

Bear cycles are inevitable in the crypto market. As token prices drop, what becomes more enticing? Gambling of these tokens. Being able to hold a piece of these casinos and see passive revenue through the worst times of the market is a smart strategy heading into the eventual bear market . Seriously, look at these projects for your wallet. Passive income is becoming all the rage in the NFT space. No industry makes passive income, online or IRL, quite like the gaming and lottery industry . As we see money transition from traditional Web2 gambling to Web3, get a piece of the action with one of these NFTs.

Something to consider: Remember always to do your research, make your own decisions, and invest in projects that interest you!

Similar to cryptocurrency NFTs are also increasing over time. It’s extremely creative and odd, but that’s what makes it captivating for people. OpenSea provides an NFT marketplace that caters to a broad range of NFTs. There are more categories that can be included as the industry becomes integrated with the decentralized finance.

How does OpenSea work?

If you’ve previously been trading or buying cryptocurrencies and NFT, you’ll notice NFT trading quite similar.

For OpenSea, all of the assets that are listed on this platform belong to the users, not by the platform. Because they’re a decentralized marketplace, they use smart contracts that allow users can interact with potential buyers without risking the security of their NFT ownership.

If the transaction is completed the digital assets will never leave your wallet. In addition, you don’t have to open an account. All you require is to possess a wallet that is compatible with web3.

For those who are buyers, you can use their search engine to look for NFTs you’d like to buy. There are filters that can aid in your search.

Is Nft A Good Investment

The NFTs can only be purchased or sold if your cryptocurrency is supported by OpenSea. Here’s a list with wallets and blockchains they are able to support.

Blockchains Supported by OpenSea

  • Klatyn
  • Polygon

Wallets Supported by OpenSea

  • Portis
  • Fortmatic/Magic
  • MetaMask
  • Arkane
  • Coinbase
  • WalletLink
  • TrustWallet
  • Dapper
  • Torus
  • Authereum
  • OperaTouch
  • Bitski
  • WalletConnect
  • Kaikas
Real estate has been a lucrative, booming business depending on how the economy runs. But what if you turned the trade into the metaverse, does it stay that rewarding, viable or even reasonable?

PwC, Prager Metis Buys Virtual Properties for Emerging Metaverse Clients

Accounting firms PricewaterhouseCoopers and Prager Metis International LLC have started these metaverse real estate investments, The Wall Street Journal reported. PwC purchased a virtual land at an undisclosed amount at The Sandbox, while Prager Metis acquired a site on Decentraland that houses a three story property for about $35,000 in December last year.

Even celebrities are into the spree, with rapper Snoop Dogg reportedly developing his "Snoopverse" in The Sandbox, recently purchasing a plot of land worth $450,000, Crypto News disclosed in a report.

Meanwhile, a metaverse-focused real estate company, Metaverse Group, also bought virtual land on the Decentraland platform for $2.43 million.

For those who have mostly question marks on their heads with what they are reading, the metaverse these companies are seemingly crazy about represents a new wave of connected worlds that has been massive trend recently. Even Facebook rebranded its parent company to Meta to go with this incredible trend.

NFTs are digital assets that act as secure documentation of ownership and can be a profitable investment for collectors. Artists, collectors and speculators alike have flocked to this movement as cryptocurrencies and other digital assets have soared. NFT collectors are not unlike those who collect physical items such as baseball cards or stamps, both wanting rare and coveted items. NFTs associated with sports memorabilia may be more likely to gain value, but collectors may be more likely to invest in tangible items than in digital assets in the future.

are nfts a good investment?

NFTs are digital assets that act as secure documentation of ownership and can be a profitable investment for collectors. Artists, collectors and speculators alike have flocked to this movement as cryptocurrencies and other digital assets have soared. NFT collectors are not unlike those who collect physical items such as baseball cards or stamps, both wanting rare and coveted items. NFTs associated with sports memorabilia may be more likely to gain value, but collectors may be more likely to invest in tangible items than in digital assets in the future.

NFTs have also been central to the growth and development of virtual land, and as a result have enabled land ownership in the virtual space. Global consumer research platform Pipslay recently surveyed more than 30,000 Americans and found that 48 consider NFTs a "good and safe investment". Although NFTs are often bought and sold using cryptocurrencies such as Bitcoin and Ethereum, they are not cryptocurrencies themselves. This is part of the reason Morgan says investors should be wary of NFTs, even if they are fun to dabble in.

Tying NFTs to land has proven to have great potential for growth and development; for example, in real estate, owning and controlling virtual land gives you the power to decide what you want to do on your land. But not all NFTs are over-inflated bubble assets, and not all assets caught in a market bubble are destined to be a bust. It is immensely exciting to see innovative developers constantly building new functionality for NFTs. Moreover, many NFTs are already turning the art payment model on its head by offering royalties to artists on every future purchase, meaning that, for the first time, many creators will benefit directly from the appreciation of their work over time.

However, unlike the art market, NFTs give more autonomy to artists, who no longer have to rely on galleries or auction houses to sell their works. One of the most important terms to understand when negotiating with NFTs is the minimum price, although this can sometimes be misleading. Thus, perhaps the most sensible approach to investing in NFTs is not to consider them as investments at all, but to buy tokens related to your personal interests or hobbies. Finally, you should only invest in NFTs if your emergency fund is fully funded and you are up to date with your retirement contributions.

ERC-721 is the first open standard used to build NFTs on the Ethereum blockchain and remains one of the two main standards used today.

"If there's constant utility and we can do things with these tokens, I think that the value is going to keep going up," he said.

Athletes cashing in

Sales of sports NFTs are poised to grow even larger, Ferri predicted, because individual pro and college athletes are launching their own collectibles, separate from what teams or leagues are doing.

For example, NBA stars Zion Williamson and LeBron James have offered NFTs that sold for more than $100,000 each. Williamson's NFT is a video clip of him blocking an opposing player's shot, sending the ball into the stands at the Smoothie King Center in New Orleans. James' NFT is a video clip of him reverse-windmilling a dunk at the Staples Center in Los Angeles.

On the college level, University of Alabama quarterback Bryce Young and University of Iowa basketball player Luka Garza launched their own NFTs earlier this year. An NFT of an animated artistic rendering of Young against a backdrop of roses is priced at 0.1 Ethereum, or $477 at current cryptocurrency exchange rates.

Alabama QB Bryce Young is launching his debut “Rookie” NFTs 🌹

With art by Arturo Torres, 3,626 pieces will be available on Aug. 31st.

The NFTs will also serve as tokens, with the potential to earn:

➖ A video chat with Young
➖ Future drop early access
➖ Autographs, apparel pic.twitter.com/F6c0STawNZ

— Front Office Sports (@FOS) August 27, 2021

Zach Bruch and Trevor George, the founders of an NFT marketplace for collegiate athletes called NFTU, are expecting more players to sell NFTs now that NCAA rules restricting player endorsement deals and cashing in on images and likenesses have been loosened. For athletes, it's a new way to earn money. For sports fans, it's "a new asset class for investors to get involved in," Bruch said.

Marketing is an ideal NFT investment since it can attract users at a high level. NFT marketing is a distinct method of increasing the user entrants to the platform by promoting it majorly. This form of marketing consists of email marketing, social media marketing, Ad promotions, content marketing, and a lot more.

NFT Marketing

Marketing is an ideal NFT investment since it can attract users at a high level. NFT marketing is a distinct method of increasing the user entrants to the platform by promoting it majorly. This form of marketing consists of email marketing, social media marketing, Ad promotions, content marketing, and a lot more.

Investing in these types of NFT investment strategies enables the investors to gain intensive revenue and profits in the coming months and years.

There are NFTs that have generated huge returns for buyers – for instance, NFTs in the Bored Ape Yacht Club series were “minted” for $189 each and recently sold for $109,816. That’s a return of 58,118% . Clearly, the NFTs themselves can be amazing investments.

Are NFT Stocks A Good Investment?

Yes, they absolutely can be! Like any other investment, it all depends on which NFT stocks you buy and – most importantly – when you decide to buy them.

The whole trick is to catch the NFT stock when it’s on the up and up, as it’s accruing value before it plateaus or hits its peak. Thankfully, the NFT space is super dynamic right now, so there’s plenty of money to be made.

There are NFTs that have generated huge returns for buyers – for instance, NFTs in the Bored Ape Yacht Club series were “minted” for $189 each and recently sold for $109,816. That’s a return of 58,118% . Clearly, the NFTs themselves can be amazing investments.

However, the market is red hot right now and not everyone wants to front the significant sums of money that it takes to buy some of these NFTs. That’s where NFT stocks can come in – they’re a less resource-intensive means to invest in the NFT space. It’s like that old saying: During a gold rush, sell shovels.

In this case, you’re buying stocks from companies that are somehow related to the NFT space, usually in the sense that they’re creating (or “minting”) NFTs themselves. Due to their involvement in NFTs, these companies are seeing their stock prices skyrocket, making them sound investments.

The issue is that not every project makes clear what rights you actually get over your NFT, so it is important to check the project's website and join the project's Discord to get as much information as you can on what you can actually do with your NFT.

How to Evaluate an NFT?

Because NFTs are currently in the price discovery phase, evaluation is based a lot on speculation and subjective factors.

Below are some key points to consider when evaluating an NFT.

Who is the artist/team? And is there a strong community around them?

Fads aside, artistic works from established or successful artists in the traditional art world could carry clout once the initial buzz of NFTs settles down.

But emerging artists may also be a solid investment as some of these artists have embraced this new technology and are experimenting with art in new and interesting ways.

Whether they come from the traditional world or are up-and-coming, it’s important to evaluate the community that they are able to build around them.

NFTs are a much more engaging space than in the traditional art world. NFTs are native to the Internet where communication has less friction and is more open.

And for many NFTs, you are buying into the community as much as you are buying into the art.

For example, if you purchase an Ape from the Bored Ape Yacht Club collection, you essentially get access to an exclusive club and many people are willing to pay sky high prices to be a member of this community.

Bored Ape's are an example of Profile Pic (PFP) NFTs. Learn more about PFP NFTs here.

As I said before and will say again, it's so important to get involved in this space to really understand it.

And you don't necessarily have to buy an NFT right away to dip your toes in the NFT waters.

Try checking out Twitter or the Discord groups for these projects to experience the engagement in these communities (see resources below).

Does the NFT have any utility?

Some NFTs have utility baked right into it. For example, an artist can offer special access to events or future work.

For example, Gary Vaynerchuk created an NFT collection called VeeFriends where token holders get access to future conferences.

From the VeeFriends website:

"All VeeFriends token owners get access to VeeCon. VeeCon is a multi-day event exclusively for NFT holders. Your NFT will give you a three year access pass. The conference will be focused around business, marketing, ideas, creativity, entrepreneurship, innovation, competition and of course, fun."

Many NFT projects outline "road maps" that promise various types of utility that will come along with an NFT. How many of these projects will actually deliver on their promises is questionable, but there is no doubt that this is an important aspect of owning an NFT, particularly if you believe that the team behind the project can actually deliver on their promises.

Do you get any Intellectual Property Rights (IP) along with the NFT?

Intellectual property rights and copyrights are probably the least understood in this industry - likely because we are dealing with a new asset class and norms (or even case law) has not caught up with this fast moving space.

It's worth making a couple of points right up front -

1. I am not a lawyer and if you are planning to be a large investor in this space, you'll likely want to consult a lawyer.

2. Just because you buy an NFT doesn't necessarily (or automatically) mean you own the copyright to the underlying work.

And this is where things get tricky, because certain IP rights to your NFT can add significantly to the value of the NFT.

Taking the example of the Bored Ape Yacht Club, if you own an Ape, you have IP rights over that Ape and can create products featuring your Ape. As a result, Ape owners have been creating everything from t-shirts to wine using their IP.

bored wine company

Screenshot taken of Bored Wine Company homepage on August 28, 2021.

The issue is that not every project makes clear what rights you actually get over your NFT, so it is important to check the project's website and join the project's Discord to get as much information as you can on what you can actually do with your NFT.

For NFT collections, what is the rarity of the particular NFT in the collection?

The rarity of an NFT might have a strong effect on its current and future value. At OpenSea, you can see the rarity of an item in a collection under “properties.”

And Rarity Tools tries to rank rarity for NFTs within collections. For example, to check the rarity of the traits of a particular CryptoPunk, you could visit https://rarity.tools/cryptopunks.

What blockchain is the NFT on?

To keep things simple, all you need to know is that there are different blockchains in the cryptocurrency universe and each blockchain is a kind of public ledger - an account of all the transactions that take place that the world can see and verify.

Ethereum is by far the most popular blockchain for NFTs.

NFTs can be "minted" (created) on the Ethereum blockchain, but they also can be minted on other blockchains such as Flow or Binance Smart Chain (there are many, many others).

So what's the difference?

Well, think of it like this -

The exact same physical museum could be built in Manhattan or it could be built in Albany. It would be far cheaper to built it in Albany due to the lower cost of real estate.

So is building the museum in Albany the obvious choice?

Because there are other factors to consider, for example, the number of visitors in Manhattan is likely to be a lot higher due to tourism to the area and population density.

A similar analogy could be made between the Ethereum blockchain and other blockchains.

Other blockchains offer far lower transaction (gas) fees, but that doesn't make it the obvious choice, because the activity (network effects) for NFTs may be far greater on the Ethereum blockchain, which is why projects typically choose to mint on Ethereum.

But that doesn't mean it will be this way in the future. Only time will tell what blockchains will be preferred for NFTs.

Layer 2 Blockchains

A kind of compromise to this issue are what are known as "Layer 2" blockchains on Ethereum.

“Layer 2” blockchains such as Polygon (previously called Matic), offer optimizations to the base blockchain, most notably lower transaction fees.

To state very simply, Layer 2 solutions sit “above” the original blockchain, handling transactions outside of the main chain, but are still compatible with Ethereum.

The issue with Layer 2's is that they require additional tools and/or processes (such as bridging assets over to the Layer 2) that make it more difficult for someone to use.

But some projects choose to go with a Layer 2 solution, particularly games that might require a lot of transactions. For example, Zed Run is an NFT horse racing game that runs on Polygon.

Do you like it?

Speculation aside, some art collectors pay for art because they either like the art or are personally moved by it in some way. If you purchase an NFT for the love or prestige of owning it, then it will continue to have value to you regardless of its future price.

Simply put, make sure you download and backup your NFT yourself. Many investors do not download NFTs they buy and this should be changed as a practice if you decide to take the risk on NFTs. Much like how you should store your physical paintings properly, it’s important to keep your NFTs secure as well.

NFTs are considered a bubble by many market experts. The relative newness, infamously high purchases hyping up the platform, and rush of newbies looking to make a profit have all the telltale signs of a bubble. While the technology will likely stay around for a while more, a lot of work needs to be done to address the ethical and practical concerns for the platform.

There is certainly a market for NFTs, and the potential profit may outweigh the risks for a lot of investors. However, if you do invest, make sure to take into account all the risks associated with NFTs and do your due research on the ecological impacts they can have on the environment. In addition, there are also a lot of potential scams in the NFT market as authenticity in the digital world is difficult to gauge. Keep the risks in mind if you do decide to invest in NFT, as while the rewards are potentially high, there is also a high risk of losing it all.

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