Rare NFT marketplace acquisition provider right now: Even celebrities like Snoop Dogg, Shawn Mendes, and Jack Dorsey are taking an interest in the NFT by releasing unique memories and artwork and selling them as securitized NFTs. One of the most popular non-fungible tokens in recent days is NBA Top Shot, a partnership between Dapper Labs (makers of the CryptoKitties game) and the National Basketball Association (NBA). The NBA licenses individual highlight video reels, among other content, to Dapper Labs, and they digitize the footage and make it available for sale to consumers. Each reel shows a video clip, such as a famous player’s basketball dunk, some featuring different angles and digital artwork to make them unique. Even if someone made a perfect copy of the video, it can be instantly recognizable as a counterfeit. The venture has already generated $230 million in sales, and the company just also received $305 million in funding from a group that includes Michael Jordan and Kevin Durant. See more information on Digital collectibles.
We are aware that blockchain technology raises environmental risks. NiftyOcean is dedicated to conducting business properly, which is why we’re always looking into energy-efficient options and trying to lessen our influence on the environment. As vast and boundless as the ocean itself is the future of NiftyOcean. We are always advancing through innovation and evolution. In order to provide the finest platform for purchasing, selling, and appreciating the amazing world of NFTs, we consistently adapt and improve by listening to our community of artists, makers, and collectors. Join us as we set sail on this thrilling adventure and plot a course through the uncharted NFT world. You are highly welcome to Nifty Ocean.
NFTs shift the crypto paradigm by making each token unique and irreplaceable, making it impossible for one non-fungible token to be “equal” to another. They are digital representations of assets and have been likened to digital passports because each token contains a unique, non-transferable identity to distinguish it from other tokens. They are also extensible, meaning you can combine one NFT with another to create a third, unique NFT. Perhaps the most famous use case for NFTs is that of cryptokitties. Launched in November 2017, cryptokitties are digital representations of cats with unique identifications on Ethereum’s blockchain. Each kitty is unique and has a different price. They “reproduce” among themselves and create new offspring with other attributes and valuations compared to their “parents.” Within a few short weeks of their launch, cryptokitties racked up a fan base that spent $20 million worth of ether to purchase, feed, and nurture them. Some enthusiasts even spent upward of $100,000 on the effort.6 More recently, the Bored Ape Yacht Club has garnered controversial attention for its high prices, celebrity following, and high-profile thefts of some of its 10,000 NFTs.
There is no guarantee that an investor won’t be on the losing end of a scam when investing in an ICO. To help avoid ICO scams, you can: Make sure that project developers can clearly define what their goals are. Successful ICOs typically have straightforward, understandable white papers with clear, concise goals. Look for transparency. Investors should expect 100% transparency from a company launching an ICO. Review the ICO’s legal terms and conditions. Because traditional regulators generally do not oversee this space, an investor is responsible for ensuring that an ICO is legitimate. Ensure that ICO funds are stored in an escrow wallet. This type of wallet requires multiple access keys, which provides useful protection against scams.
Cryptocurrency represents a new mode of doing business that removes certain fees, regulations, and risks from the global e-commerce sphere. In doing so, the numerous different digital tokens that have emerged (many promoting their own innovations around the use of DeFi) have invited massive speculation and investment. In addition to the massive growth in value of the original cryptocurrency token—Bitcoin—countless other currencies have emerged and generated their own value.
Many see Bitcoin and other cryptocurrencies as offering protection against inflation. Bitcoin has a hard cap on the total number of coins that will ever be minted. So, as the growth of the money supply outpaces the growth in the Bitcoin supply, the price of Bitcoin ought to increase. There are numerous other cryptocurrencies that use mechanisms to cap supply and can act as a hedge against inflation. With all the benefits cryptocurrency has over fiat currency and other asset classes, it’s hard to argue there’s no value in using or investing in crypto. The utility provided by many cryptocurrencies is of great value to many people who value fast and secure transactions. And, it’s only going to grow more accessible over time with fewer technical hurdles. Combined with the benefits of diversification and the potential to hedge against inflation, the benefits of adding crypto or crypto stocks to your portfolio start to add up.
One could make the argument that trading and investing are the same thing. But they’re often differentiated, to a degree, by time horizons—traders are looking to make a relatively quick profit, while investors may only make a handful of changes to their portfolios per year. Nonetheless, day trading can be another way to make money with blockchain currency, just like it is with stocks or other securities. Day traders buy and sell assets within the same day, in order to try and score a quick profit. This is a risky strategy since it’s hard to know how blockchain currency values could change in any given day or overtime. You can start day trading on any exchange today; all you need to do is to sign up, buy some assets, analyze, and you’re all set. You can also start trading through an automatic trading platform like bitcoin profit which allows users to decipher the signals emitted by the trends on bitcoin and other blockchain currencies and start to perform successful small trader.
Many businesses will need to explore what hasn’t been done yet regarding creative marketing methods outside of traditional practices. From Facebook Live to Tiktok Shop, there are many new opportunities for making your marketing efforts more creative. Consumers want everything, and they want it all as quickly as possible. With many marketing teams, real-time messaging platforms have become an excellent opportunity to reach customers quickly and directly, and for data collection.
Speaking of making a few savvy moves, if your biggest concern is that you simply missed the blockchain boat, rest assured that opportunities still abound to make smart investments. True—if you didn’t invest in Bitcoin more than five years ago, it’s probably too late to make a fortune on this investment. The cost of tokens is already prohibitive. But there are numerous other tokens on exchanges, with countless new entrants joining the fray every day. While you may want to anchor your position with Bitcoin, you can make some low-cost speculative moves into some cheaper currencies. The fact is that we can’t anticipate exactly where the whole of the crypto market is headed, but there are tokens that are affordable enough today that the risk of speculating can be pretty low. Find extra information at niftyocean.com.
