* * * * * * THE 13 TYPES OF NFTS * * * * * *
* * * * & Why They Matter to Investors * * *
1/ This is a summary of my looong video on the 13 types of NFTs with the main takeaways.
(Video here: )
#NFTCommunity #NFTinvesting #NFTs
...
* * * * & Why They Matter to Investors * * *
1/ This is a summary of my looong video on the 13 types of NFTs with the main takeaways.
(Video here: )
#NFTCommunity #NFTinvesting #NFTs
...
2/ I divide the 13 NFT categories into:
A. ESTABLISHED
#NFTs that already move significant amounts of $$$
B. TENTATIVE
#NFTs that are not moving much $$$ but show promise
...
A. ESTABLISHED
#NFTs that already move significant amounts of $$$
B. TENTATIVE
#NFTs that are not moving much $$$ but show promise
...
3/ NON-PHYSICAL ART
Comprises #digitalart but also #jpegs of physical art (photographed canvases, illustrations...) sold as jpegs on NFT marketplaces
Due to megasales like @Beeple's this category got all the headlines during the 1st NFT Mania of Feb-Apr'21
Then focus moved to
Comprises #digitalart but also #jpegs of physical art (photographed canvases, illustrations...) sold as jpegs on NFT marketplaces
Due to megasales like @Beeple's this category got all the headlines during the 1st NFT Mania of Feb-Apr'21
Then focus moved to
4/ COLLECTIBLES
Stars of the second NFT Mania (Jul-Sep 2021)
Evergrowing prices of #CryptoPunks
& rise of several avatar (PFP) collections like @BoredApeYC created a new gold rush
However, when investing froth goes flat, many of the copycat PFPs are expected to go to 0.
...
Stars of the second NFT Mania (Jul-Sep 2021)
Evergrowing prices of #CryptoPunks
& rise of several avatar (PFP) collections like @BoredApeYC created a new gold rush
However, when investing froth goes flat, many of the copycat PFPs are expected to go to 0.
...
5/ COLLECTIBLES II
That's why some investors are betting on #historicNFTs Unlike PFPs, these have absolute scarcity.
There're only so many collections from 2016-18
Nobody can make more.
In the video, I discuss my 3 favorite & still cheap:
#RarePepes
#CurioCards
#CryptoArte
That's why some investors are betting on #historicNFTs Unlike PFPs, these have absolute scarcity.
There're only so many collections from 2016-18
Nobody can make more.
In the video, I discuss my 3 favorite & still cheap:
#RarePepes
#CurioCards
#CryptoArte
6/ SPORTS MEMORABILIA
Partly overlaps with collectibles but has own specific buyers & features
@NBATopShot is current leader, was as smart as to offer what physical sportscards couldn't—video
@SorareHQ innovated by mixing cards & fantasy sports
Next earthquake? @NFL NFTs
...
Partly overlaps with collectibles but has own specific buyers & features
@NBATopShot is current leader, was as smart as to offer what physical sportscards couldn't—video
@SorareHQ innovated by mixing cards & fantasy sports
Next earthquake? @NFL NFTs
...
7/ VIDEO GAME ASSETS
The #AxieInfinity price explosion started the 2nd NFT Mania. But soon after focus was on PFP collectibles.
Reason? Unlike #PFPs (which can be churned out superfast) it's not easy to copycat Axie in a few weeks.
Video game development takes years!
But...
The #AxieInfinity price explosion started the 2nd NFT Mania. But soon after focus was on PFP collectibles.
Reason? Unlike #PFPs (which can be churned out superfast) it's not easy to copycat Axie in a few weeks.
Video game development takes years!
But...
8/ VIDEO GAME ASSETS II
This hasn't prevented investors with foresight (most famously @Elliotrades & @ZssBecker) from starting to bet big on proto-projects that are years away from being operative.
Why such bullishness?
Because...
This hasn't prevented investors with foresight (most famously @Elliotrades & @ZssBecker) from starting to bet big on proto-projects that are years away from being operative.
Why such bullishness?
Because...
9/ VIDEO GAMES III
..because #NFTGames have:
1 Foolproof use case
Instead of losing assets when you stop playing you can sell them
2 Eager target
Gamers already spend a lot on assets. They'd be thrilled to make money from them
3 Tech-savvy target
Gamers are tech-literate
...
..because #NFTGames have:
1 Foolproof use case
Instead of losing assets when you stop playing you can sell them
2 Eager target
Gamers already spend a lot on assets. They'd be thrilled to make money from them
3 Tech-savvy target
Gamers are tech-literate
...
10/ VIDEO GAMES IV
#PlayToEarn is the sexiest value proposition in the entire Crypto Space
#GamingNFTs will be the killer application for the Crypto Space
Who could say no to getting money for indulging in their favorite hobby?
It is just a matter of WHEN not of IF.
...
#PlayToEarn is the sexiest value proposition in the entire Crypto Space
#GamingNFTs will be the killer application for the Crypto Space
Who could say no to getting money for indulging in their favorite hobby?
It is just a matter of WHEN not of IF.
...
11/ VIRTUAL LAND
Virtual Worlds have failed in the past (@SecondLife)
And current Virtual World projects like @Decentraland may as well fail
In the case of Decentraland, the tech is still clunky & user adoption is low
And yet investors keep buying land there because...
Virtual Worlds have failed in the past (@SecondLife)
And current Virtual World projects like @Decentraland may as well fail
In the case of Decentraland, the tech is still clunky & user adoption is low
And yet investors keep buying land there because...
12/VIRTUAL LAND II
They know that
#Metaverse = 3D Social Media
And if 2D SocialMedia made billionaires imagine what a #3DSocialMedia platform'd make
Investors want in for any potential candidate that could become the 3DFacebook of 2030
Even Facebook wants to beat itself to it
They know that
#Metaverse = 3D Social Media
And if 2D SocialMedia made billionaires imagine what a #3DSocialMedia platform'd make
Investors want in for any potential candidate that could become the 3DFacebook of 2030
Even Facebook wants to beat itself to it
13/ MEME NFTs
Another overlap: #Memes can be considered digital art.
But they are so culturally & socially distinct that they deserve their own category.
Also, they've been non-stop breaking sales records.
Full list of top sales >>> scarce.guide/most-expensive…
#Memeconomy
Another overlap: #Memes can be considered digital art.
But they are so culturally & socially distinct that they deserve their own category.
Also, they've been non-stop breaking sales records.
Full list of top sales >>> scarce.guide/most-expensive…
#Memeconomy
14/ DOMAINS
For just $5 a pop, you can get names such as cryptovideogames.eth (just got this one myself sorry) whose prices could skyrocket if @ENSdomains become the domain system of the #cryptospace.
Yes, nothing is certain, but the opportunity cost here is just too big.
...
For just $5 a pop, you can get names such as cryptovideogames.eth (just got this one myself sorry) whose prices could skyrocket if @ENSdomains become the domain system of the #cryptospace.
Yes, nothing is certain, but the opportunity cost here is just too big.
...
15/ DOMAINS II
You have to also pay gas fees & you have to be *patient*
#Domains are very illiquid, sit & wait investments
But #ROI can be enormous
Very few people even know about #ENSDomains & yet we already had sales like these:
You have to also pay gas fees & you have to be *patient*
#Domains are very illiquid, sit & wait investments
But #ROI can be enormous
Very few people even know about #ENSDomains & yet we already had sales like these:
16/ DOMAINS III
More info on this poorly known yet growing category:
Official ENS Discord > discord.gg/AskZbFx
ENS Traders Discord > discord.gg/e4GEKKU6
#NFTDomains
#CryptoDomains
More info on this poorly known yet growing category:
Official ENS Discord > discord.gg/AskZbFx
ENS Traders Discord > discord.gg/e4GEKKU6
#NFTDomains
#CryptoDomains
17/ TWEETS
Despite 1 huge sale (Dorsey's 1st ever tweet for $3 million) the rest of #tweetNFT sales have been small.
What's worse, if you go to the @Cent tweet marketplace you can see that very few sales took place after the end of the 1st NFT Mania.
Is this space over?
...
Despite 1 huge sale (Dorsey's 1st ever tweet for $3 million) the rest of #tweetNFT sales have been small.
What's worse, if you go to the @Cent tweet marketplace you can see that very few sales took place after the end of the 1st NFT Mania.
Is this space over?
...
18/ TWEETS II
Not necessarily. NFT categories often go through bear cycles
And even if you think buying tweets is dumb, many dumb things have succeeded
I call this phenomenon: 'So Dumb It's Good'
EG: #Dogecoin, #EtherRocks, #CryptoTitties
TweetNFTs sure can have a renaissance
Not necessarily. NFT categories often go through bear cycles
And even if you think buying tweets is dumb, many dumb things have succeeded
I call this phenomenon: 'So Dumb It's Good'
EG: #Dogecoin, #EtherRocks, #CryptoTitties
TweetNFTs sure can have a renaissance
19/ #MUSICNFTS
Another tentative NFT category:
> Not a dedicated #musicNFT marketplace (although there've been attempts)
> a few high-profile sales but not much else
> most those sales were music memorabilia or art/music combos rather than music proper
The problem?...
Another tentative NFT category:
> Not a dedicated #musicNFT marketplace (although there've been attempts)
> a few high-profile sales but not much else
> most those sales were music memorabilia or art/music combos rather than music proper
The problem?...
20/ MUSIC II
The problem is >> the business model
When somebody figures out a way to use NFTs to provide real & distinct added value to the music consumer, then #musicNFTs will 🚀
Will projects such as @join_royal & @band_royalty manage to cut the biz model gordian knot?
The problem is >> the business model
When somebody figures out a way to use NFTs to provide real & distinct added value to the music consumer, then #musicNFTs will 🚀
Will projects such as @join_royal & @band_royalty manage to cut the biz model gordian knot?
21/ LITERARY
#LiteraryNFTs have the same problem as Music NFTs >> lack of a business model to sell #bookNFTs in a way that benefits the consumer.
However many experiments at the art/literature intersect, such as @etherpoems_ , are happening within the #cryptowriters community.
#LiteraryNFTs have the same problem as Music NFTs >> lack of a business model to sell #bookNFTs in a way that benefits the consumer.
However many experiments at the art/literature intersect, such as @etherpoems_ , are happening within the #cryptowriters community.
22/ PHYSICAL REAL ESTATE
The #tokenization of Real Estate can be a revolution:
1 by dramatically reducing red tape & intermediaries when selling properties
2 by giving smalls investors access to very expensive properties via fractionalization
...
The #tokenization of Real Estate can be a revolution:
1 by dramatically reducing red tape & intermediaries when selling properties
2 by giving smalls investors access to very expensive properties via fractionalization
...
23/ PHYSICAL REAL ESTATE II
Via NFTs, investing in farmland or commercial RE could be akin to owning stocks in dividend-giving companies
As of today, this space is still very undeveloped. But 1st NFT home sale in history already took place by @PropyInc at @seen_haus
...
Via NFTs, investing in farmland or commercial RE could be akin to owning stocks in dividend-giving companies
As of today, this space is still very undeveloped. But 1st NFT home sale in history already took place by @PropyInc at @seen_haus
...
24/ PHYSICAL ART I
Physical art #tokenization will gamechange
Fine art investing > extremely illiquid
Only so many billionaires looking to buy multimillion-$ artworks at any given time
Dividing ownership a la @MasterworksIO but using NFTs will make owning art = stock owning
Physical art #tokenization will gamechange
Fine art investing > extremely illiquid
Only so many billionaires looking to buy multimillion-$ artworks at any given time
Dividing ownership a la @MasterworksIO but using NFTs will make owning art = stock owning
25/ PHYSICAL ART II
>small investors will get access to hyperexpensive blue-chip art
>blue-chip art trade will get perfect liquidity
Who keeps the fractionalized artwork tho? An idea would be renting or museum lending.
Win-win: more publicity for owners/free art for museums
>small investors will get access to hyperexpensive blue-chip art
>blue-chip art trade will get perfect liquidity
Who keeps the fractionalized artwork tho? An idea would be renting or museum lending.
Win-win: more publicity for owners/free art for museums
26/ FUNCTIONAL
The last one. #FunctionalNFTs rather than 1 single type are many (academic degree NFTs, supply chain NFTs, tickets,medical records...)
But all of them share one thing in common: they are not assets—the NFT is used as a tool to achieve some id/logistics goal.
...
The last one. #FunctionalNFTs rather than 1 single type are many (academic degree NFTs, supply chain NFTs, tickets,medical records...)
But all of them share one thing in common: they are not assets—the NFT is used as a tool to achieve some id/logistics goal.
...
27/ I left out of some microtypes that were too specific or too rarely traded to deserve a full category
EG:
USERNAMES > @Decentraland usernames can be sold on OS
CODE > Although there's been 1 huge code transaction, 1 instance doesn't make a category
Hope thread was useful!
EG:
USERNAMES > @Decentraland usernames can be sold on OS
CODE > Although there's been 1 huge code transaction, 1 instance doesn't make a category
Hope thread was useful!
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