| Dear Paul, There’s an explosion of digital art happening right now that’s turning the art world on its head. Throughout history, art belonged to the physical world — from the Greek statues to the masterworks of the Renaissance painters to the world of modern conceptual art. What gives art its value is scarcity. In the physical world, there can only be one unique painting or sculpture. Tourists can buy a print of the Mona Lisa at the Louvre in Paris, but they’ll never own Leonardo’s masterpiece. Up until a few years ago, the digital world lacked scarcity. Anyone could take a digital image, screenshot it and replicate it as many times as they want. It was impossible to prove who owned the original digital image. But blockchain technology changed all of this. It allows us to encode a digital item with ownership information. That means art can now move to the digital world, a place where each of us is increasingly spending more and more of our time. There’s one cryptocurrency platform that’s bringing this digital art to the world and minting millionaires out of up-and-coming digital artists in the process. And it’s watching the value of its listings skyrocket higher as a wall of crypto money rushes in.
This Major Company Is Investing $2 Billion Into “MaaS” Tech … Buy This Stock Now
It’s a $70 billion technology that’s expected to blossom into a $1.8 trillion industry in the coming decade.
One company critical to this tech could double in the coming months.
Here’s everything you need to know about MaaS.
The Rise of NFT Mania Founded in 2017, OpenSea is the world's first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs). It allows collectors to buy and sell unique computer-generated images with names like CryptoPunks, Bored Apes and Art Blocks. The value of these digital images has grown exponentially over the past few years, especially the unique ones. For example, CryptoPunks are a series of 10,000 computer-generated cartoon images. Each punk has different characteristics, such as skin and hair color, hats or accessories.  And all of them are encoded on the blockchain, where ownership is tracked. When the project launched in 2017, the punks were free. An owner only needed to pay a small amount of Ethereum to generate an image in a process called minting. Today, if you want a CryptoPunk, the cheapest one sells for $70,000 on OpenSea, with the platform taking a percentage of every transaction. The average price of the punks available is 66 Ethereum, or $175,000. Rare CryptoPunks, such as apes or aliens, have recently sold for $2 million to $3 million on OpenSea. The recent mania propelled trading volume of all NFTs on OpenSea to $171 million last week. That’s a rise of 338% from the same week last month. Two weeks ago, the company announced it had raised $100 million in financing from a group of investors that includes actor Ashton Kutcher and basketball star, Kevin Durant. This deal valued OpenSea at $1.5 billion. Crypto Collectibles Matter You might be wondering, why are these digital avatars worth so much? I believe CryptoPunks will not only maintain their value, they’re likely to go up in price over the next couple of decades. I also think some of the other blockchain-based collectibles will be worth significantly more in the future as well. These early collections are historically significant. It’s the first time that digital art has been a unique asset. And it’s the latest way art has evolved throughout history. Early works of the Renaissance were the first to use shadows and light to paint a better portrayal of the physical world. Cubism showed us the world with geometric shapes. And pop art became the fine art that it ironically mocked. It’s the idea of something new and different that matters most to art collectors. And that’s what we have here with crypto collectibles on OpenSea. Regards,
Ian King
Editor, Strategic Fortunes  
    Privacy Policy
Smart Profits Daily, P.O. Box 8378, Delray Beach, FL 33482.
To unsubscribe from Smart Profits Daily emails, click here.
To ensure that you receive future issues of Smart Profits Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance.
The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us
Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Banyan Hill Publishing expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Banyan Hill Publishing, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail.
(c) 2021 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096)
| 
No comments:
Post a Comment