Do you know that you can make 36% interest on your Fixed Deposits?

Here is how πŸ‘‡πŸ‘‡
1/Buy NFTs and stake them; you can make upto 108% APY through this.

Okay, what do I mean?
2/NFTs:

This is what an NFT looks like:

Now many folks would say: How are people making money from these funny looking pictures?

Well, simply put this is an NFT. And an NFT is a blockchain 'asset'.

Assets in the Crypto/Blockchain world can be 'staked' for returns.
3/ 'Staking' means that you are locking your digital assets (very similar to a FD) to support a project (a blockchain network).

There are a lot of Crypto Assets that can be staked (NFTs are just a part of it).

You get an APY on these assets too (APY keeps changing):
4/NFTs are one of the fastest growing segments in the Blockchain space.

NFTs are powering up the Metaverse narratives [will write a different thread]

Big firms and HNIs are aggregating these NFTs on projects like:

- Decentraland
- Axie Infinity
- Sandbox
5/What about India? Is there an Indian NFT I can buy, which can grow with time.

Enter: @thezionverse [In the interest of full disclosure, I am an investor in this project b/c I see great potential in it]

Why great potential?
6/Indian culture and history is rich and someone will build an Indian Metaverse

@thezionverse is doing exactly that.

Like other good Metaverses out there, this project is likely to grow with time.

More imp: You can buy digital assets on Zionverse, stake them and make money
7/ For example:

- Right now, you can buy a Laxmi NFT from @thezionverse:
- You can stake this NFT to get 36%-108% APY.
- You get paid in a Stablecoin (USDC).
- And, it automatically gets staked on @Vauld_

You need to: pay cash --> buy Laxmi NFT --> get rewards in USDC.
8/Other advantages of Zionverse + Laxmi NFT?

- You can stake Laxmi NFT and make good money
- As @thezionverse Metaverse adoption improves-- like any digital asset, your NFTs on this Metaverse will grow in value.
- You are getting paid in USDC; you can covert this into cash.
9/Is it 100% safe?

- No Crypto investment is 100% safe [including Bitcoin, Decentraland or @thezionverse]

- But, with a great team and investors like Leo Capital and Mayfield Fund, this Indian Metaverse can definitely win :)
10/Summary:

- NFTs are a growing space & there are real money making opportunities.
- Stake and earn rewards on your NFTs; the opportunities are massive!
- Like any investment, you need to analyse your risk-reward equation.

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More from @Akshat_World

16 Dec
Rich people in the US, have built business empires taking on debt.

But, normal retail folks like you and me can ruin our financial well being by taking debt unnecessarily.

So it makes sense to understand the difference between good and bad debt: πŸ‘‡
1. Robert Kiyosaki puts it well:

- Rich people build assets (Assets=put money into your pocket)
- Example: when Jared Kushner buys Real Estate, he will rent/sell it. This is a 'cash flow' for him.
- Unfortunately, when normal folks buy Real Estate, they create a liability.
2. Normal folks are champions at creating liabilities:

- Eg. buy an i-phone on EMI.
- Buy a house on a massive loan.
- If you max out 1 credit card, time to apply for a new one.

With endless WANTS, Discounts/Cash-backs/EMIs become tools to push demand.
Read 6 tweets
12 Dec
Things like these are getting sold for millions.

Is this madness or is there some mega-trend at play?

Let's understand the NFT craze: πŸ‘‡πŸ‘‡
1) NFT?

- It is an asset on a blockchain network (eg. Ethereum network)
- B/c the data can be tracked, it has a clear proof of ownership.
- And, like the Monalisa painting it holds no value if it is broken down (hence, it is non-fungible)

- Example:

Jack Dorsey's Tweet
2) Just because you 'own' a NFT does not mean thatΒ you get to do whatever you like with it:Β 

- For example, you can't change Jack's Tweet above even if you are the owner.
- Or hide it from people.

Oh then what's the point? πŸ‘‡
Read 9 tweets
5 Dec
Almost 7/10 people I speak with want to quit their jobs.

But, almost no one does.

The primary concern: what if I fail?

Most of us struggle to understand how to manage risk.

A thread πŸ‘‡πŸ‘‡
1. We live in a highly uncertain & complex world.

- Jobs are getting disrupted.
- New asset classes are emerging each year.
- Macro trends like environment, energy etc are undergoing tectonic shifts.

When the world is 'changing' there is no way you can stay 'put'.
2-a) As an individual, you need to be good at calculating your risk-reward equation.

Example:
- Should you leave your job?
- Risk: you will lose your salary & identity
- Reward: you can possibly make more & create a new identity.

Now calculate:
Read 7 tweets
1 Dec
If you are unhappy with your job, it is time to do something about it.

Where do you start?
And -- more importantly -- how to build more options?

A thread:

πŸ‘‡πŸ‘‡
1/A very quick story about me:

- I started my career working with a non-profit organisation.
- While the work was great, I was just making INR 10K a month.
- This was bad, really bad. I could not even meet my everyday expenses.

My first step was to cultivate more options.
2/I had done well on the GMAT in college, so I started a small side tutoring business.

Every month, I used to get 1-2 private clients.

This 'side gig' helped me make 5X the money, I was making from my regular job.
Read 13 tweets
29 Nov
Cryptos are not cash.

Neither are they going to replace currencies.

Here are some of the major misconceptions around Cryptocurrencies:

πŸ‘‡πŸ‘‡
1/All Cryptos are currencies.

- The primary use of a currency (eg. INR, USD) is that it acts as a strong medium of exchange.

- You can use INR/USD to buy things like food and other stuff.

- Some Cryptos, like Bitcoin, have this feature.
2/Bitcoin will replace currencies.

- Compared to currencies, Bitcoin is a better store of value b/c of its mathematically driven supply (it is not inflated like INR/USD)

- But, it is not a better medium of exchange.
Read 8 tweets
26 Nov
Will you be concerned?

If despite paying high taxes, your 100Rs effectively becomes 96Rs by the next year for no fault of your own?

πŸ‘‡πŸ‘‡
1/This is already happening. Here is the math:

- If you go deposit 100Rs in your bank in India
- You will get a 2-3% savings deposit rate
- Inflation in India is 6.5%

So your 100Rs becomes 96Rs by next year, for sure.
2/The argument that currency (INR, USD) is a great STORE OF VALUE is not valid anymore.

It is losing 4% value each year.

Yes, INR/USD is a great medium of exchange, but you are paying a lot of money for this convenience.

It is like paying 4% convenience fee on cash.
Read 7 tweets

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