📲 Insider Info in my Socials 👉
🛒 Get The Hottest Crypto Deals 👉
👕 “Bitcoin Illusion” Shirt 👉
🔥 TOP Crypto TIPS In My Newsletter 👉
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📺Essential Videos📺
NFT Market Analysis 👉
Most Funded Crypto Projects 2021 👉
Axie Infinity Explained 👉
FATF Crypto Regulations 👉
Crypto Mining And The Climate 👉
Crypto Tax Tips 👉
Jeremy Hogan Explains NFT Rights 👉
Cardano Cryptocurrency Updates 👉
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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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⛓️ 🔗 Useful Links 🔗 ⛓️
► NFT Market Tracker:
► Beeple 69 Million Dollar NFT Buyer:
► Sorare 532 Million Dollar Funding Round:
► Axie Infinity Player Counter:
► Audius Surpasses 5 Million Monthly Users:
► Fractionalized NFTs SEC:
► NFT Taxes Explained:
► NFT Copyright Ownership Analysis:
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👨🏫NFTs Recap👨🏫
NFT is short for non-fungible token. When something is non-fungible, that means that it’s unique and can’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
🤑Biggest NFT Sales (So Far)🤑
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
💸Biggest NFT Funding Rounds (So Far)💸
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 that’s SoRare’s 532-million-dollar funding round
📊Top NFT Trends📊
One of these are NFT virtual worlds such as The Sandbox and Decentraland. Another is NFT based gaming, something popularized by Axie Infinity
🔎Next NFT Trends🔎
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
⚖NFT Issues, Taxes, Regulations⚖
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
🤔What Do You Get When You Buy An NFT?🤔
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
What’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
~~~~~
📜 Disclaimer 📜
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
Which NFT projects are you guys most keen on? Don't forget I have an AMA going on at the moment on Reddit which you could get value from: https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/guy_from_coin_bureau_here_ama/
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!
Great info Guy! Analyze reef next pls
so…this is all money laundering right?
Tron is real
Thanks for this, this video comes out at the perfect time. I’ve recently been trying to learn how to make money off of NFTs. I’m a fan of NEAR protocol and have recently made my first NFT on MINTBASE, it’s an NFT platform on NEAR. As fan of yours and of NEARs, I’d love for you to make an update video because NEAR has grown so much since your first video on it and I’d love to hear you expertise since you and your team know so much more than I do. Thanks for the amazing content 🤝
Check out Kishu Inu. NFT market place!
Moving and due for a correction! Stay out! Invest in the DeFi sector instead! You been warned!
ALTURA NFT
SPORE Finance is going to make people rich 💵💵❤️
On the way to 100k
Mona Lisa vs. Crypto punks. If that's modern art we're f* kd
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!
TEHTA AND TFUEL ARE #1 . Holding 4 patents and why bet on #2. You better re-research your facts 😉
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!
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.
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.
Audius ^^^
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.
I was hoping to hear about KittyButt NFTs!
Your vids remind me of those ones I use to watch in science class ….Purely educational 🍻
I am betting on Alice any one know about it?
Hello Guy… Please give me 1 btc
Which turn my life 🚀… I am from INDIA.
Alice to the mooon
CRYPTO BUREAU is one of the best channel on the net BUT SILENT on XRP… mmm why?
XRP family ❤️ from Japan 🇯🇵
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
Ive bought some Crown Punks yesterday.
Can you make a video about the farm, please?