Cryptocurrency and blockchain investors will soon be able to invest in an NFT portfolio by putting their money behind a project called Whale. Whale is a token labeled as a social currency by its anonymous creator WhaleShark_Pro. The creator is backing the token with some of the most rare and valuable tokenized game assets in the blockchain gaming space.
Traditionally investors put their money behind a bunch of stocks. Even in the cryptocurrency universe a portfolio consists most often out of a bunch of cryptocurrencies. Think about for example a portfolio with bitcoin, ethereum and some higher risk alt coins. However, in this case investors put their money behind an NFT portfolio, backed by almost three thousand in-game items and crypto artworks.
What is Whale?
According to the whitepaper, there will be a maximum of 10 million Whale available. The portfolio holder will make four million available for sale in the next ten years, and one million for partnerships. As a result half of the token's circulation stays with the house. The project aims to make money through trading assets, accumulating rare assets and lending NFTs to third parties.
Upon launch only 400 thousand Whale will be available. WhaleShark will make 30 thousand Whale available to the public every month for a total of 120 months. As a result this brings the total to the earlier mentioned four million. Investors can use Whale to purchase items from the NFT portfolio, to rent virtual real estate, or request business consulting.
NFT Assets in The Vault include some of the rarest NFTs. WhaleShark_Pro claims to have one of the biggest NFTs portfolio's on the market, which includes two out of three mythic Gods Unchained cards, the largest collection of parcels in the center of Cryptovoxels and a huge collection of digital art. WhaleShark paid at least 5000 ETH to accumulate his entire portfolio. It's probably worth a lot more now.
Who is WhaleShark_Pro?
Simply put. We don't know. He or she claims to have a strong educational background and 17 years of experience in building, leading, acquiring and selling companies across the world. He or she also claims to own successful companies in artificial intelligence, retail, traditional finance and brand management. However, whether this is true can't be confirmed.
We do know that WhaleShark_Pro is quite rich. This is underlined by the 5000 ETH he or she invested in non-fungible tokens, virtual land and game assets. This total package is currently worth over one million dollars. In addition he claims to have never sold an item, which is verifiable on the blockchain. However, many items moved from WhaleShark's personal account to a separate Ethereum wallet. This new wallet is the vault for the Whale project, and can be viewed on OpenSea.
He owns 1526 land parcels for The Sandbox. That's means WhaleShark owns approximately 7 percent of the entire current supply of virtual land within The Sandbox. However, there's a fourth pre-sale coming up in the next few weeks, and this summer the virtual world will go in open beta.
People in the blockchain gaming space speak highly of WhaleShark_Pro. His financial support for game studio's and crypto artists is quite unparalleled. However, there's one big question that remains: If you don't know who's behind a token, should you invest in it?
Please be aware: This is not financial advice. Do your own research.
Posted from my blog: https://www.nederob.nl/2020/05/05/crypto-investors-can-now-put-money-in-nft-portfolio/