jeff brown investor nft
jeff brown investor nft
At the time, I forecasted that this would become a multi-billion dollar market. Which's precisely what happened. At the time, the most significant usage case for NFTs was digital antiques. And what I saw was the next generation of art and collectibles, powered by blockchain innovation. Some NFTs are now valued for numerous thousands or perhaps countless dollars.
What would you say to a skeptic who sees that and thinks it's insane? Unusual NFTs routinely cost numerous thousands of dollars. Well, I would most likely never invest that much on a single art piece. It seems like a lot of individuals get hung up on the fact that these art pieces are purely digital.
Usually, one person would be the sole owner of that asset. Maybe your spouse is likewise on the title, however that's typically where it stops. However if we were to tokenize that home, fractional ownership might be provided to hundreds or even thousands of token holders. The worth of the tokens would change much like any other security.
Now envision tokenizing industrial home, rare vehicles, jewelry, and even racehorses. Anything of worth can be tokenized and traded. I've referred to this concept as "World IPO Day," since anything of worth in the whole world can be tokenized and open for trading. Tokenized properties whether they are digital antiques or real-world assets are not going away.
There are two huge misconceptions I typically see when people talk about metaverse technology The first is that a lot of presume that there's simply one metaverse. That's not the case. There are many metaverses, and they are exceptionally varied. Some will mirror the real life, complete with Earth's geography and major cities.
The other huge misunderstanding I hear is that this is "just a video game." What makes that not real is the economic element of metaverses. These virtual worlds have home rights for beginners. We can purchase land represented as an NFT and develop it as we see fit. This is already typical in one metaverse called The Sandbox.
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jeff brown investor nft