2. Foundational NFT Education
3. "Has there been any success in digital art & NFTs?"
4. How to get set up in crypto for NFTs in just four steps
5. How to buy/collect NFTs?
6. Why are NFTs valuable?
7. "What the Fuck do I even do with an NFT?"
8. Appendix A: Marketplaces, Artists/Projects, Influencers, Media Publishers, NFT Tools, Discord Servers
9. Appendix B: Safety, Security, & Known Scams
When educating yourself on NFTs there are a few rules of thumb that will help you understand the value of what you are researching: creativity above all, process, innovation, communications, time value.
See Appendix A for Tracking, Rarity, Value, and Release tools.
The best way to accurately value an NFT is to weigh the reigning market conditions against that NFT’s fundamental financial and objective elements. What are its parts? How is it built? What can it do? What is the value over time?
Provable digital scarcity via blockchain. A digital economy centered around creators. Redefining value and shaping the new digital economy, as the foundation for the Metaverse. Together the three biggest potential value metrics for the NFT industry.
“NFTs are more than just art; they are actually an emerging method of storing and sharing value, Pedro Febrero, an analyst at crypto-focused analytics outfit Quantum Economics, told Decrypt. “In our opinion, NFTs are an interesting way to collect and share value. Not only for digital art pieces and collections but also because you can essentially create non-fungibility with digital assets. This enables all sorts of incentive mechanics where projects can award contributors with unique items,” said Febrero.”
Have fun with it, share it, display it, trade it! Do what feels good, you are officially a collector of wealth in the form of art. Which historically was a means only available to the ultra rich. Now everyone has the chance to buy an Ape, at mint, in june of 2021 for $218. Within four months have a stored value of at least $100,000 (as of 10/2021).
Cryptocurrencies and blockchains offer many benefits but it’s important to do your research on how to safely store funds and digital items before you dive in. The crypto and NFTs in your wallet are your responsibility. Never share your password or seed phrase with anyone.
Never give your Secret Recovery Phrase or your private key(s) to anyone or any site, unless you want them to have full control over your funds. Only use MetaMask on a personal device.
More information coming soon.