Now Cryptocurrencies and the Blockchain have entered our lives for good. In recent years there has been growing momentum for cryptocurrencies. I also see great dynamics and great performance in NFTs. The acronym NFT comes from the initials Non-Fungible Token. We will be concerned in the coming years. They are uniquely encrypted tokens that cannot be copied and are built on protocol etherium. Many will remember when we were kids collecting Pokemon cards, soccer players, etc. Many collectors are willing to spend thousands of dollars to get a Baseball collectible card or an autograph of a celebrity. We also all know that Central Banks and Governments issue commemorative coins or tokens in commemoration of an important event from time to time. For example, commemorative coins were issued for the Olympic Games in Athens in 2004. The issuance of commemorative tokens is nothing new. This phenomenon has been observed since antiquity. Specifically, the Ancient Athenians in commemoration of the Victory in Marathon issued a Silver coin with the Goddess Athena and the Owl worth 10 Drachmas in specific pieces.
Corresponding to what we mentioned above, the latest trend in Art and souvenir collections is NFTs. As were the baseball or Basket cards, respectively, they create NFTs and the cards. This is why NFTs are often referred to as Crypto Collectibles and are a new type of Digital Assets. NFTs started in 2017.
In its positive advantages, we can recognize whether it is authentic or not. The feature that separates them now from Crypto is that they are not subdivided. Bitcoin for example has satoshis. Therefore they exist as complete projects. Then they are indestructible. They are not subject to change and are unique encrypted tokens that cannot be copied due to Blockchain technology. They have a certificate of authenticity. They can not be copied and we can refer to the original owner. Also, an important difference compared to Cryptos is that they can not negotiate with each other. So forget how we exchanged Pokemon cards here this is not done. NFTs can also represent works of art, real estate and identify property rights.
Regarding NFTs and Art, we observe great correlation and dynamics. A work by artist Mike Wilkenmann known by the pseudonym Beeple recently sold for $ 63 million. We see an increasing tendency for Art to turn to the use of NFTs. I appreciate how this is the future of Art and I will explain the reasons. Initially, there are Art Collectors and Investors. Millions of dollars worth of paintings are bought to park Ultra-rich individuals for their money. Also what gives value is the rarity. NFTs also have this feature. Finally, the biggest money laundering and legal tax evasion take place through works of art. If you want we can make a separate video
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https://www.youtube.com/watch?v=psigXO9bQfE
Catharsis: The reason why you are here: https://amzn.to/3KyhAHd
#bookrecommendations #bookworm #bookreview
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https://www.youtube.com/watch?v=gvPYqe8YVQM
These habits changed my life and helped me build my 35.000€ investment portfolio: https://www.youtube.com/watch?v=kTbxLfAoelk
and quit my 9-5 job after 14 years: https://www.youtube.com/watch?v=Yq0RavQbmx4
My investing & trading courses:
Investing & Trading for beginners: https://www.investingwithterry.com/courses/investing
Investing and Trading Bible: under construction
Trading Mastering: under construction
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https://www.youtube.com/watch?v=NTufYcLrK9c
This is my personal investment portfolio which I build in 1,5 years.
I always look at my investments long-term but at the same time, I also like stocks trading to make bigger profits.
My investing & trading courses:
Investing & Trading for beginners: https://www.investingwithterry.com/courses/investing
Investing and Trading Bible: under construction
Trading Mastering: under construction
...
https://www.youtube.com/watch?v=kTbxLfAoelk