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These NFTs Are OFF THE CHAIN!! Sector Update ๐Ÿ’ฏ



๐Ÿ“ฒ Insider Info in my Socials ๐Ÿ‘‰
๐Ÿ›’ Get The Hottest Crypto Deals ๐Ÿ‘‰
๐Ÿ‘• “Bitcoin Illusion” Shirt ๐Ÿ‘‰
๐Ÿ”ฅ TOP Crypto TIPS In My Newsletter ๐Ÿ‘‰

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๐Ÿ“บEssential Videos๐Ÿ“บ

NFT Market Analysis ๐Ÿ‘‰
Most Funded Crypto Projects 2021 ๐Ÿ‘‰
Axie Infinity Explained ๐Ÿ‘‰
FATF Crypto Regulations ๐Ÿ‘‰
Crypto Mining And The Climate ๐Ÿ‘‰
Crypto Tax Tips ๐Ÿ‘‰
Jeremy Hogan Explains NFT Rights ๐Ÿ‘‰
Cardano Cryptocurrency Updates ๐Ÿ‘‰

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– TIMESTAMPS –
0:00 Intro
2:11 What Are NFTs?
3:56 Biggest NFT Sales So Far
6:13 Biggest Funding Rounds For NFT Platforms
8:48 Top NFT Trends
12:01 Next NFT Trends
14:49 NFT Issues
17:37 What Do You Get When You Buy An NFT?
19:58 Outro

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โ›“๏ธ ๐Ÿ”— Useful Links ๐Ÿ”— โ›“๏ธ

โ–บ NFT Market Tracker:
โ–บ Beeple 69 Million Dollar NFT Buyer:
โ–บ Sorare 532 Million Dollar Funding Round:
โ–บ Axie Infinity Player Counter:
โ–บ Audius Surpasses 5 Million Monthly Users:
โ–บ Fractionalized NFTs SEC:
โ–บ NFT Taxes Explained:
โ–บ NFT Copyright Ownership Analysis:

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๐Ÿ‘จโ€๐ŸซNFTs Recap๐Ÿ‘จโ€๐Ÿซ

NFT is short for non-fungible token. When something is non-fungible, that means that itโ€™s unique and canโ€™t be replaced. A simple example of a non-fungible asset is the Mona Lisa painting

NFTs are just unique digital assets built on cryptocurrency blockchains, specifically smart contract cryptocurrency blockchains such as Ethereum, Cardano, Polkadot, and Solana

๐Ÿค‘Biggest NFT Sales (So Far)๐Ÿค‘

The first place position is held by the Beeple art compilation NFT that sold for an astronomical 69.3 million dollars at auction back in March

The buyer was a man by the name of Vignesh Sundaresan who guys by the pseudonym MetaKovan, and he mentioned in an interview that he was ready to pay even more if necessary

๐Ÿ’ธBiggest NFT Funding Rounds (So Far)๐Ÿ’ธ

Later in March, Dapper Labs received 305 million dollars from a series of celebrity investors including NBA star Michael Jordan

As with NFT sales, the biggest NFT infrastructure investment dwarfs the others, and thatโ€™s SoRareโ€™s 532-million-dollar funding round

๐Ÿ“ŠTop NFT Trends๐Ÿ“Š

One of these are NFT virtual worlds such as The Sandbox and Decentraland. Another is NFT based gaming, something popularized by Axie Infinity

๐Ÿ”ŽNext NFT Trends๐Ÿ”Ž

When it comes to where the NFT industry is headed next, my bet is on decentralized video and media, possibly even social media. Projects to watch here are Theta, Livepeer, Audius, and Aave

โš–NFT Issues, Taxes, Regulationsโš–

For starters, there is a possibility that NFT companies could get rekt by regulators. This is because some NFTs could fall under the umbrella of a security according to the SEC

Another concern around NFTs involves their effect on the climate given that most of them are minted on Ethereum which is currently a proof of work blockchain that uses a lot of energy

A more pressing issue around NFTs involves taxation which has been the talk of the town these days with that infrastructure bill and its crypto tax clause

๐Ÿค”What Do You Get When You Buy An NFT?๐Ÿค”

As explained by lawyer Jeremy Hogan, this ultimately depends on the NFT in question. Usually, buying an NFT only gives you the right to view it, show it, and sell it

Sometimes there are legal limits on how much you can sell your NFT for on secondary markets, which is apparently the case with CryptoKitties

Whatโ€™s interesting is that the intellectual property rights for the NFT are automatically given to the NFT creator unless explicitly given to the buyer in the conditions of the smart contract

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#NFT #crypto #collectible #topshots #cryptopunk #beeple #Ethereum

Source: Coin Bureau

28 Responses

  1. NFTs are performing really well. Especially play-to-earn projects are doing good. The performance of the AXS was mesmerizing, but I think LOCG will outperform it. It has been increasing for days, but LOCGame didn't launch its card game or NFT marketplace yet!

  2. Thanks for this, this video comes out at the perfect time. Iโ€™ve recently been trying to learn how to make money off of NFTs. Iโ€™m a fan of NEAR protocol and have recently made my first NFT on MINTBASE, itโ€™s an NFT platform on NEAR. As fan of yours and of NEARs, Iโ€™d love for you to make an update video because NEAR has grown so much since your first video on it and Iโ€™d love to hear you expertise since you and your team know so much more than I do. Thanks for the amazing content ๐Ÿค

  3. Looking for the future of adult entertainment?

    Research the investing token CUMINU, they are developing their new platform; cummuniti!

    Keep an eye out for their new design and updates!

  4. The people that slept on Crypto Punks and regret it is the same people now sleeping on Satosibles. Happy I got mine at these prices!

  5. NFTs are pretty ridiculous IMO. I can see why some crypto would have great value, but some jpeg of a penguin shouldn't be worth a car just because it's a unique picture that I could draw.
    The technology will be very useful, like how commodities can be useful, for instance for making sure tickets for an event are unique, but that's not going to make some ordinary ticket in a few years worth thousands or millions more than its inherent value.

  6. These very expensive NFTs make me nauseous. I think the technology has a lot of promise technically. But these ridiculous scarcity bullshit big $$$ make it look like a tulip mania.

  7. Theta is going to BOOM!

    The partnerships are there, once the global market catches on this project is going to the top 3.

    For now it's a sleeping giant.

  8. Buy DENT – Elon Starlink is mentioned in DENT's road map, news to come with SpaceX and
    Starlink, this is a hidden gem coin up already 100% in 7 days, dont miss the boat

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