Major brands like Nike Sportswear has announced its acquisition of RTFKT, a digital design studio producing trainers and other collectibles. Pepsi launched their own NFT together with MC Donald, Burger King soon followed, same with Ferrari after McLaren has been a Top NFT Creator on Crypto.com for months now to name a few.
The NFT race is on and the biggest brands will lead the way and create new Tokens, Digital Art (NFTs) for their Fans to own, swap or trade.
So what are the Pros and Cons?
Well, the cons are there are scammers profiteering from this NFT craze sell fake NFTs and collections or some cheap copies. But hey, if someone wants to buy them well that’s the risk to be taken. Again it is all down to research.
I myself have been conned into many crypto scams, from free crypto coupons to other time wasting schemes. They only got a copy of my passport and email which they probably are selling on the internet for $50. So be careful if another Sebastien Staub contacts you. Verify it is me first.
Identify theft on the internet and Twitter is a big problem, many so called NFT promoters uses famous NFT avatars from other owners to boost their followers and sell a few tweets for $5 to $50 each. The premium accounts charge up to $150 to $3000 a tweet / RT. I won’t ask what Kim Kardashian charges these days, last time I did a presentation on that 10 years ago she charged $100,000 a tweet then when she only had 20M followers. Now, I see she is at 70M followers. What a sweet business model if you ask me. Just do 10 tweets a day and make a million.
We all know she is close to becoming a billionaire right now with her younger sisters.
The pros, besides hitting a million $ like many NFT collections already have. Some as much as $10M and $1Billion from a 10K collection resale. Yes this is how much the Bored Ape Yacht Club has made in less than 12 months. The ROI is just mind blowing. But, don’t think for one minute it is easy. I had to learn on the fly and did all this in less than 1 month and four days to be exact.
The pros are you that will be participating in this “Collective / Collaborative Digital Economy and Revolution”.
#Rule 1 - Always make sure you verify the NFT collection, the artist’s Twitter, Discord, check their website and social media pages. Make sure it is them, and the collection is not a duplicate or fake.
#Rule 2 - Always ask an NFT friend or join the community on Discord.
#Rule 3 - Buy low, be an early bird, buy multiple NFTs from the same collection and project. Should it go to the moon, then you will get the highest return.
#Rule 4 - Buy from artists who have a good communication setup, cool collection(s), and who have a unique talent and NFT concept.
The New NFT businesses emerging
Well, a few NFT creative businesses are emerging from this NFT craze.
From Twitter to Discord NFT Promos.
NFT Marketing agencies.
NFT brokers, advisors and experts.
NFT artists, freelancers on Fiver and other art marketplaces.
NFT marketplaces.
NFT Fractional lending.
NFT / Domain name ownership are also a new addition to this ecosystem lead by Rally - Directions.com an alternative Asset Investment Firm.
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