It is not my intention to waste your valuable time that is why I'll jump straight to the summary.
Art NFT's are going to be worthless and Gaming NFT's are the Future
Naturally, I’ve split the NFT space into two categories:
- Art related NFT’s
- Game related NFT’s
Art related NFT'S are going to be worth almost nothing unless the Artist puts in the work.
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What's wrong with today's art centered NFT's
most art NFT'S are money driven meaning the majority of people buying NFT's are in it to make a profit
Anyone can take an Artwork and register it as their own on the Blockchain.
There is no checkpoint to validate that the art being registered is truly created by the person trying to upload said ArtworkWith the click of a button one can generate 10000 pieces of so called art content.
This one truly hurts real Artists putting in the time and effort trying to build a community and creating high-quality art pieces.
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Okay you negative Nancy! Can we get to the good part?
Most definitely! Listen I might come across a bit harsh when talking about NFT'S, but let me be clear.
NFT'S are still a game changer!!!
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The Artists who really puts in the work, makes high quality art pieces, tries to build a following and shares their journey.
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Those are the ones who are going to make it in the long term.Why? Because they are genuine and authentic!!
This is not a fact but just my personal opinion
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They didn't just scribble a few lines, saved it as a jpeg and uploaded it on to Opensea. No they are creating because doing something else makes them uncomfortable.
Those artist who still need money for their mission, are moving forward weather they sell a painting for $12 or $200000.
Yes the potential to earn life changing money excites them, but it doesn't cloud their intentions.
When you take a look at Beebles journey, before he made his millions, he created an art piece every day for more than 10 years.
He did this without knowing that his work would potentially earn him a life changing amount of money.
And to this day he creates an art piece every day.
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The really exciting thing about registering an NFT is the fact that it can potentially make you money while you sleep.
This is because of smart contracts.
"In 90 days I've made $91M in revenue on my Vee Friends NFT launch.
The first $51M I kept, which was in one week!
The next $40M, I've gotten a 10% royalty on every transaction.
Last night, while I was sleeping. I made $246,000 on the royalties of people selling my NFT's to each other"
Gary vee
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Gaming and NFT’s
Now this is where real the magic happens.
If you think steamers are making money right now, boy you won’t be able to wrap you head around what’s coming next.
You’re playing a MMORPG game. You spend a lot of time crafting you items and upgrading your character.
Items used to upgrade can also be minted and sold as an nft on the game’s marketplace.
I’ve seen items sell for $80,000
A bit of a stretch, but I’d be happy selling my special items for $200.
Even your character can be sold as an NFT.
This means that all the time and effort you put in, can and most certainly be rewarded with real world money.
On top of that, you can still stream your progress and earn money through typical sponsorship’s on youtube or facebook gaming.
What am I even talking about just posting it on 3speak can instantaneously make you some $Hive
I know I seem all over the place with this, but that’s just my enthusiasm.
Key takeaway
There are a lot of games out there.
The majority of them being quite boring to be honest.
But on the flipside, there are some awesome games out right now and in development.
And this is all made possible through the technology of NFT’s thereby saying through the technology of CRYPTO!
Thank you for your time
Lots of love,
Reeza