NFT Sector Overview 🔭
The NFT sector is still very small, having recently just crossed the $100 million mark in total sales. Now that may sound like a lot, but consider that DeFi has recently crossed the $10 billion mark in locked value.
Indeed, many DeFi projects have already achieved valuations multiple times bigger than the entire NFT sector. That’s how early you are here!
Right now, NFT’s are being used in a host of different high-value sectors like video games, digital art, collectibles, intellectual property, insurance, digital rights.
📊 My Methodology To Analyze NFTs 📊
You are going to have to watch my video to get the full lowdown here. However, here are the five topics I cover
► Platform Tokens & Infrastructure
► NFTs & Collectibles
► NFT Governance Tokens
► Finance NFTs
► Social Tokens
🖥️ Blockchain Domains 🖥️
How are these different from regular domains? Well, they can be used as a regular payment gateway. That means you can attach all your crypto addresses to a single domain. So, instead of sending that random jumble of letters and numbers, you can just ask for the crypto to be sent to Guy.crypto. The second benefit is that they can be used to build uncensorable websites
These domains are issued as NFTs.
History has shown that domain flipping can be incredibly lucrative with some top domains selling for $50 million. Blockchain domains have already hit price points as high as $600k on the secondary market
So, if you pick that hot blockchain domain that someone else must have, then you could make bank!
⚔️ Enjin ⚔️
Enjin is probably the best example of a pure NFT blockchain gaming platform. What it enables developers to do is to create their own games on Ethereum with their own currencies or in-game items and issue these as NFT’s.
This means that Enjin serves as an excellent way to get NFT platform exposure.
🛒 Rarible 🛒
This is now the leading NFT marketplace out there. It is also the only NFT marketplace that aims to be a Decentralized Autonomous Organization
That means that their RARI governance token could be damn valuable
🕴️ Yinsure 🕴️
This is a new type of NFT token, which represents Yearn.Finance smart contract insurance under-written by Nexus Mutual. That means you can insure all your DeFi dabbling against poorly coded smart contracts!
♠️ Reality Cards ♠️
This is a new prediction platform, which allows you to own the outcome of specific events. Basically each outcome is represented by a unique NFT.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.