NFT Investment Opportunities Explained
NFT’s are the latest craze in the digital arena of products. What exactly is an NFT? How can they benefit you? Are NFT’s a lucrative investment opportunity? How do you get involved?
- VaynerSports Pass NFT is a hot new release that we will explore in detail to determine if it is a good investment or one you should avoid.
- These are questions that we’ll address all right here in this article.
An NFT is a product that came into being through blockchain technology. A simple explanation for blockchain technology is: Blockchain technology is an accounting ledger that has been copied and given to multiple holders. It’s intended to create an incorruptible accounting of transactions. Because multiple copies of the ledger have been distributed it’s virtually impossible to cheat the system unless you can change your specific transaction on all the copies that have been distributed. Blockchain technology has revolutionized the finance industry because it bypasses the banking system. Digital or electronic financial transactions can now be accomplished person to person instead of through a bank as an intermediary. The ability to transfer value between individuals without a bank has brought about the birth of the NFT.
What the heck is an NFT anyway?
An NFT is a Non Fungible Token. Those three words won’t make much sense to most people. So, let’s make this term Non Fungible Token something easy to understand. First, let’s remove all the mystery surrounding the term Fungible. Fungible means replaceable. So, Non Fungible basically refers to something unique and irreplaceable. This new buzz term will now have instant meaning for you, Non Fungible = Non Replaceable. Therefore anything Non Fungible is a one of a kind, irreplaceable item. Moving right along we get to the word token. A token, more specifically a digital token is a digital representation of a value or a right to something of value that is maintained, accounted for, and represented through blockchain technology. Putting all things together A Non Fungible Token is a Digital representation of a unique, one of a kind item of value that is available to buyers (investors) through blockchain technology. These items could be almost anything that has a value, baseball cards, music, art, a house, tickets to a private concert, or an autographed book.
What’s the advantage of using NFT’s to purchase unique items? Well if you’ve ever purchased a home you know at the closing, you have to literally sign almost 100 sheets of paper in order for the property and the money to change hands to the designated recipients. The whole ordeal also takes a lot of time to process, hours. An NFT can simplify that transaction to a few keystrokes on your laptop, in a few minutes, anywhere; instead of a few hours at your realtors office. We will bring you information about the latest NFT’s that have come to the market and help you understand the tech and the value of these digital products.
VaynerSportsPass NFT is on my radar scope this week.
What is VaynerSports? VaynerSports is an athletic talent agency founded by Gary and AJ Vaynerchuk, two brothers. They represent talented athletes in a variety of sports. They guide the careers of some of the most talented athletes in the USA, like Allen Robinson of the LA Rams, and Leonard Williams of the New York Giants. With clients like that, they’re sure to have unbelievable memorabilia and privileged access to events. They’ve created an NFT platform that provides you with members-only livestreams, private metalink access, physical & digital experiences, tickets to sporting events, along with discounts & freebies.
You can purchase their perks, and memorable items through the Ethereum block chain platform. 1 Ethereum coin is worth about $2130 at the time of this writing. That means you’ll need a digital wallet that can function with the Ethereum platform. DIgital wallets, the bankbooks of the future, are where you store your digital treasures. It’s no bigger than a thumbdrive, and a must-have if you plan to be part of the new world of digital goods and services.
The Vayner Sports Pass NFT is trading at 0.176 Ethereum at the time of this writing, that’s about $374. VaynerSports will provide holders of their Sports Pass access to athletes of high renown. When they say access they mean one on one opportunities for hanging out with pro bowl football players and all star baseball players. You’ll also be able to view and purchase sports art that is truly distinctive, and be given access to events like the World Series and the Super Bowl. If an autographed jersey of punishing football players or home run hitting baseball players has value to you, this is one NFT that’s worth your attention.
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