the future, fraud or “fashion idiot”? Whatever your opinion, you can make a lot of money with this – Money Times

Only one ass would pay in the millions file with an image of the monkey, is not it? According to this thought, the world is full of idiots, and many of them are famous.

Neymar, Justin Bieber, Paris Hilton, Eminem, After Malonethey have shaken up the crypto market among other artists and athletes by acquiring some NFT from the collection Bored Apple Yatch Club unimaginable figures.

The series includes thousands of randomly generated images of monkeys and is now seen as a “ticket” to a select club of celebrities.

It is estimated that a Brazilian, for example, has paid BRL 6.2 million With two images of “bored monkeys”, one of them recently showed up on his Twitter profile.

Image: Twitter / @ neymarjr

This wave of celebrities returned one of the most popular cryptocurrency categories in 2021, and also raised questions:

  1. Is it just a fad?
  2. Do you have a “Muggles” scheme?
  3. Is the future really there, with great potential for appreciation?

Before answering these questions and understanding whether or not It’s worth immersing yourself in NFT or if everything is just “soft language”, it is necessary to clarify some concepts.

First of all, what are NFTs and why are they all the fuss?

The acronym NFT comes from English and can be translated as “non-fungible token”, which means it cannot be copied. They are basically digital certificates of authenticity those that give exclusivity to everything you want.

Neymar’s monkeys, for example. Although the image can be copied, the original art belongs to one. But what is the inherent value of this, if the image is the same? It’s terribly subjective, but it finds parallels in traditional art: a copy of Mona Lisa and the original frame has different values, right?

This ability to digitally record the property of something, however, goes beyond the rights of art or collectors. Imagine a car document proving ownership of the vehicle: an NFT that records a transfer at each sale would perform the same function, e.g.

These are exactly what they are future use options which has traded some NFTs for millions of dollars and attracted investors to this market.

Neymar’s collection of monkeys, a year ago, sold some of his tokens around $ 200. Today, the cheapest costs no less $ 300 thousand150,000% valuation.

And it doesn’t stop there: In March last year, a digital work by the Beeple artist was sold for $ 69.3 million at auction. Who to sell? Christie’s, one of the largest auction houses in the world.

But does this category of assets really have all that million potential or is it a scam?

Could NFTs be the internet of the 1990s?

Let’s start with a more positive outlook. It is impossible to predict how far the NFTs will go. On the one hand, if they can be a fad for young people and celebrities, they can explode and become something revolutionary and present in our daily lives.

In this case, you agree that the profit asymmetry is worth the bet. Imagine the advent of the Internet in the 1990’s. More than a million people now believe in the big bet that companies like Amazon, Apple and Microsoft have brought there. This is precisely the proposal of those who invest in NFTs.

Amazon stock share historical chart. In 1997, when everyone did not believe in the power of the Internet, AMZN was sold for $ 1.73, while today it is sold for $ 3,000, a valuation of more than 173,000%. Source: Google Finance.

for the expert Vinicius BazanThe head of the cryptocurrency department at Empiricus, for example, has a potentially explosive valuation of the NFT market, similar to the internet in the 1990s or bitcoin in the last decade, which could bring in profits of about 200 times. Transform BRL investment into BRL million.

Plus, you don’t have to invest millions and millions like Neymar to invest in NFTs. It is possible to invest resources in NFT-related cryptocurrencies or even in the purchase of NFT installments, which allows any investor to access these assets.

It will be in Bazan on February 21 at 7 p.m. extra free broadcast for those interested in discovering that the list of digital assets valued by his team is capable of converting an investment of only BRL 5,000 into a million BRL.

To take part, you must register in advance by clicking on the button below:

Could it be an NFT pyramid or some kind of scam?

If there are those who are enthusiastic about NFT, there are also those who are terribly suspicious. After all, the fact that digital tokens are exchanged for millions of dollars frightens anyone, especially those who are less familiar with the virtual environment.

But ultimately, NFTs can be used for the application blows or does it have anything to do with it pyramids?

First, you need to define things. “Pyramid” is characterized by business models that are subject to new cash flows in order to continue to operate. The thing is, in order to receive your “investment”, you need to bring in new investors to bring in more capital. But when the base is too wide, things fall apart …

This has nothing to do with the concept of NFT, they are just digital tokens of authenticity. Now, that doesn’t mean these certificates can’t be used for fraud.

Bitcoin, the world’s most established cryptocurrency, is also a target for scammers, so it’s important to know exactly where you’re investing so you don’t fall into the “siren song” of smart people. Therefore, before investing in NFT, always seek advice seasoned professionals and empowered.

If you still don’t know who can help you, Bazan’s broadcast can be a great guide: with years of experience in the crypto market, he and his team of analysts are able to separate wheat from the straw and pass it through the heat. signs.

Last year, for example, it was named a cryptocurrency that was valued at more than 28,000%, going from a few cents to more than $ 150. Interestingly, it was directly related to the NFT gaming universe.

O free eventOn the 21st, at 7pm, he will present a plan for anyone interested in looking for a profit with NFT. Analysts estimate that an investment of BRL 5,000 could lead to a profit of around BRL 1 million.

Is NFT just fashion and pretense? However, you can make good money with it.

Among those who see the NFT as a revolution and are afraid of scams and fraudulent schemes, it is among those who believe that technology is just a fleeting technology, the product of pure speculation and that does not create any economy or social society. value.

When millions and controversial people like Neymar and Justin Bieber get involved, NFTs are just a fad and paying millions for these tokens is nothing more than a sham for those with extra money.

Although it is a very simplistic way of looking at things, even the most bizarre trends have a certain added value, which is always the main thought of the investor. make moneyregardless of your personal opinion about a particular property.

As an example, you might hate beer, but if Ambev shares are traded at low prices and with high upside potential, you won’t miss the chance to make money with them.

Therefore, I invite you, the investor, to at least understand the basics behind investing in NFTs, even if you think that anyone who buys this type of “sticker” is completely stupid.

In the face of the expanding market, being located in NFT tokens can sell these tokens at a much higher value in the future. Just look at the examples from the collection of monkeys that are part of Neymar, which were rated More than 150,000% in one year.

Presented by analyst Vinícius Bazan at the event, you will have access to a plan to look for the most profitable NFTs with the greatest potential assets, both tokens themselves and cryptocurrencies that earn from esteem. In addition, you will receive the name of the first asset in this list via the tray.

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