March 15, 2022No Comments

Selling NFTs as Investment Assets

To begin selling an NFT, you'll need to "mint" one of your digital assets as an NFT, or non-fungible token, a type of digital certificate generated on a blockchain network. One of the primary benefits of Non-Fungible Tokens (NFTs) is that they can be used as investment assets. In fact, some believe that NFTs may eventually become a more popular investment vehicle than traditional stocks and shares.

So, how can you go about selling NFTs as investment assets? Here are a few tips:

  • Make sure that the NFTs are easily tradeable. The last thing you want is for buyers to have difficulty exchanging or selling their tokens. Ideally, the NFTs should be listed on a reputable crypto exchange.
  • Make sure that the underlying blockchain is stable and secure. This is especially important if you plan on holding the NFTs for a long period of time. Buyers will want to know that their investment is safe and secure.
  • Provide clear and concise documentation. buyers need to be able to understand exactly what they're buying, and how it works. Make sure to include everything from how to access the tokens to what the associated risks are.
  • Offer a good return on investment. This is obviously key if you want buyers to take your NFTs seriously as an investment vehicle. Make sure to set realistic expectations, and be prepared to offer bonuses for early investors.
  • Be patient. It may take some time for buyers to warm up to the idea of investing in NFTs. But with a solid marketing strategy and a little bit of luck, you should be able to attract some serious interest.Selling NFTs as investment assets can be a great way to generate income and build your portfolio. By following the tips above, you'll be well on your way to success.

February 23, 2022No Comments

Justin Bieber Reportedly Pays 500 ETH for Bored Ape Yacht Club #3001

Bored Ape #3001 recently sold for an unbelievable sum of ETH and many people are assuming it was none other than Justin Bieber who bought it.

Many are asking if the purchase was a good idea, as Bored Ape #3001 was valued at $1.29 million in March 2018, when purchased for 500 ETH ($1.29 million USD). The market price of Bored Ape #3001 was set at 80 ETH ($208,000 USD) before the sale while the floor price was at 140 ETH. It appears he overpaid since this particular BAYC has no uncommon characteristics — just sad eyes and a black T-shirt.

The OpenSea account which made the purchase is scattered with other random NFTs, yet some people are saying it was, in fact, him.

While the OpenSea account is jam-packed with a slew of other random NFTs, many believe it to be his since it is called "Justin BieberNFTS" and contains the inBetweeners NFT that Bieber currently uses as his Twitter header. BAYC #3001 has not yet been claimed by Justin Bieber.

The Rare Bits account has yet to disclose any information about the seller. There is no question that this purchase was an investment, but there's no way of knowing if it will pay off in the long run.

There has not been much report on Justin Bieber's most recent purchase, yet it is evident that he has an affinity for collecting rare digital assets. Other NFTs in his possession include the "Fluffy Pony" and an inBetweeners NFT. Others speculate he may even be an early adopter of blockchain technology.

Bored Ape #3001 was recently sold for 500 ETH ($1.29 million USD) and many people are assuming it was none other than Justin Bieber who bought it.Bieber isn't the only celebrity who has made waves on Crypto Collectibles. Luka Sabbat, Kylie Jenner, and Elon Musk are also some of the many celebrities who have purchased blockchain-based NFTs.

February 22, 2022No Comments

Superplastic and Gucci Release A New Line of NFTs

SUPERPLASTIC has only just revealed its enormous "HEADTRIPZ" NFT drop, but the multimedia business is already diving into another digital collaboration with luxury house Gucci.

SUPERGUCCI, the resulting NFT partnership, is a multi-faceted collection of digital and physical collectibles that will debut on February 1 on SUPERPLASTIC's website and will be accessible through Gucci's Vault site.

SUPERPLASTIC is giving its own community a sneak peek before the general drop with an early start. From 10 am EST on February 1, three distinct NFTs and three limited-edition NFTs will be accessible to SUPERPLASTIC NFT owners (for a total of 150 NFTs).

The covetable digital collectibles will be available for Gucci's Discord community an hour later. The SUPERGUCCI series will be available to the general public at 12 p.m. EST, with four different variants offered in an edition of 50 each to make a complete collection of 200 NFTs.

The SUPERGUCCI trilogy begins with ten unique NFTs each accompanied by a handmade Italian ceramic work of art created by both Gucci and SUPERPLASTIC, emphasizing the project's luxury overtones.

The new collection, dubbed the "Gucci x Superplastic Janky & Guggimon", is said to include "the trademark Gucci elements and characters" from SUPERPLASTIC.

If the stylized teaser pictures are anything to go by, imagine SUPERPLASTIC's Janky toys, but Gucci-patterned and topped off with a Gucci Aria cap, and don't be shocked if there's a lot of monograms.

SUPERGUCCI goes live on February 1, and the digital Gucci Vault will be opened with a sixth drop of vintage Gucci hand-picked by creative director Alessandro Michele and his team of in-house Gucci archivists, each numbered individually, and sent in "amazing packaging."The great deal of symbolism in the artwork is derived from Gucci's history and is reminiscent of SUPERGUCCI (the iconic Gucci Vault). In a very literal sense, old meets new here.

February 22, 2022No Comments

Disney Now Looking to Hire New Talent to Lead Its NFT Efforts

Disney is searching for an NFT expert to help with its plans to get into the market. The job of a tokenized content distributed ledger architect will include researching and evaluating potential uses for the technology, determining how it may be best used in various industries, developing distribution strategies, identifying and securing revenue opportunities, and maintaining relationships within the sector.

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February 22, 2022No Comments

Shady NFT Traders Start to Artificially Inflate NFT Prices

According to a new study by blockchain data firm Chainalysis, some NFT traders are “making a killing” by engaging in wash trading, which involves the seller being on both sides of the NFT trade, resulting in asset value inflation that is misleading. Wash trading is problematic, according to the news, with cryptocurrency exchanges where trade volumes are falsified to make them appear larger.

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February 22, 2022No Comments

OpenSea Breaks New Record For Hitting $5 Billion USD in Monthly NFT Sales

In January, the OpenSea NFT market reached an all-time high of $5 billion USD in trading volume between Ethereum and its marketplace Polygon. According to public blockchain data compiled by Dune Analytics, the total value of all bitcoin transactions in a single month increased to $3.4 billion USD in December 2021, surpassing its previous record of $3.4 billion USD set in August 2021.

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February 17, 2022No Comments

Bitcoin, Ethereum and Other Coins Market Drop In Just 24 Hours

Bitcoin was trading at $35,422 USD on Coinbase, having dropped from its all-time high of $69,000 USD in November. Ethereum and Dogecoin went into freefall on Sunday, hitting new lows against the US dollar. Ethereum fell to $2,467 USD, a low not seen since November 2016, while Dogecoin dropped to $0.14 USD for the first time since April.

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February 17, 2022No Comments

Meta Might Now Developing Ways for Facebook and Instagram To Create and Sell NFTs

The Financial Times recently indicated that Meta has been developing methods to let Facebook and Instagram users exchange, generate, and sell NFTs through its Novi wallet. Meta is also attempting to figure out how to showcase NFTs in its own marketplace in order for customers to buy and sell them, according to industry sources.

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February 16, 2022No Comments

OpenSea Makes Reimbursements After Site Exploitation

Following a vulnerability on the site, OpenSea has repaid about $1.8 million to its users after allowing people to buy and sell NFTs for little. A number of blue-chip NFTs, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Cool Cats, and Cyberkongz were resold for well below market value this week without the seller's consent.

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February 15, 2022No Comments

Twitter Blue Launches NFT Profile Pictures in Special Hexagonal Shapes

Twitter Blue users with an iOS device now have access to the social media platform's early access Labs feature, which enables them to download the NFT profile picture feature. On Instagram, the likes of CryptoKitties and Decentraland are already using it. Users can easily add their NFTs to profile pictures; however, it will need to be in the form of a static image and JPEG or PNG format.

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