Everydays - The First 100 Days

In the past weeks, NFT’s have soared in popularity. With “Beeple” selling his piece titled “Everydays – The First 5,000 Days” for an astronomical price of $69.3 million. But what is an NFT, and how does what seems to be only an image sell for that much? An NFT is a way of turning digital artwork (graphic art made with purely computer-generated technology) into a one-off asset that can trade on the blockchain. These works can be traced from inception and verified to be authentic, just like Bitcoin. An NFT can trade from person to person directly online in the same way that a Bitcoin is traded. The blockchain technology that allows these NFT’s to be so efficient is incredibly powerful. Imagine a future where every ticket, rare coin, and painting can be instantly verified to be authentic and traded digitally. However, the ridiculous prices are just another example of this helicopter money dystopia the Federal Reserve and Federal Government have gotten us into. This is not the stuff we see at the bottom of a Crypto cycle. 

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The SPAC Craze

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Value Rotation - The Growth