How To Get Rich From NFT’s? (Non-Fungible Token)

The next generation is making huge changes in the way the global economy invests. We have learned from the previous generation and realized that everything we’ve been told about investing is a lie. We have found ourselves stuck on a treadwheel, running faster than the previous generation with not even 10% the wealth to show for it.

I know from my experience, an uneducated man 30 years ago could have worked in a factory and managed to have 3 kids, a house, a wife, and a Harley motorcycle to show for it. Not to mention the entire weekend off to watch footy and go away of surfing trips.

My generation can’t do any of those things. We are trapped paying extortion level rents, in debt for a university degree that there are no jobs for, and so on and so on.

We have started to look for places outside of the current rent-seeking economy and we’ve found it in cryptocurrency. Now this mini economy with a market cap almost hitting three trillion US dollars has it’s own form of priceless fine art (NFT’s). This is a relatively new space, but it’s not going anywhere. Artwork created as NFT’s in my opinion could be worth far more than what they are worth today, in the future.

This is not financial advice, but getting in early and buying a few speculative NFT’s could definitely make you very wealthy in the future.

What Are NFT’s?

NFT stands for non-fungible token.

Alright… So, what does that mean?
Fungible is something easily replaceable by another identical item or mutually interchangeable, non-fungible means unique, like the Mona Lisa or an ancient Egyptian statue. Like trading one bitcoin for another bitcoin, or one dollar with one dollar. You would end up with exactly the same thing. So that would mean that the definition for non-fungible is something that is irreplaceable because it is one of a kind.

Ok, why should I care?

Well, let me explain. The world is going digital. Life and almost everything we know (if it hasn’t already) is going digital. Money is going digital. And so is art! That’s where NFTs and Cryptocurrency come in.
Now, I get it, there is a lot of noise around the Crypto and NFTs space and most of it doesn’t make much sense. You may have heard of bubbles and many other negative things. You may have heard a lot of great things, which doesn’t make sense either. You might fear change and find a sense of pride in being a patriot of the old way of living.

But don’t let that be enough for you to do yourself a disservice by not delving into these topics. Whatever
concerns you may have around the space that may have stopped you from searching further into these topics or investing in Cryptocurrency or NFTs, ask yourself this. Why are the biggest banks in the world and giant companies like Visa, Mastercard, PayPal, Facebook and Tesla all adopting the digital space? Innovating and even rebranding their companies? Because they know that adaptation to this change is what’s needed to optimize their profits and relevance for the future. Why? Because NFTs and Cryptocurrency are the future! And we are waaaaay ahead of the curve. It is still so early to invest!

I read that in the first quarter of this year (2021), there were as many adopters of Cryptocurrency as there
were adopters of the internet in 1997! At that time, that was around 3 percent of the world’s population. Now do with that piece of information as you please, but I, for one, find that mind-blowing! Trust, you may think you are late because you probably know someone that goes on about Crypto and NFTs. But it is still so early!

Now, if you’re still unsure, let me ask you one more thing that is sure to cut out all the noise
and get you started in this digital space. With all the rapid adoption of NFTs and Cryptocurrency (especially in the last year!).

What NFT technology allows you to do is make anything digital. You can choose anything from a sports moment, a Facebook post, a car, a photo, even a tweet! Make it digital and turn it into an NFT.
The NFT itself is a Certificate of Authenticity that can be tracked and viewed on the blockchain. I will speak more on the blockchain in detail in another blog. But essentially, what it is, is it’s an opensource of information of transactions that is open to anyone to see.

Unlike a bank that is completely centralized. This may all sound silly, and you may be thinking, why would I pay money for something I can just screenshot? What’s the difference? Well, first of all, if you just took a picture of it, it wouldn’t be on the blockchain.

Therefore, you couldn’t prove that it’s the original. And you probably know someone out there who can paint an almost exact replica of the Mona Lisa, but you and I both know that doesn’t mean they own the original. And even if you did manage to paint an exact replica of The Mona Lisa, there is no way that you could prove
that it is the original. Especially with the technology we have in this day and age. You would easily be found out. Anyway, I know I know, The Mona Lisa is kept at The Louvre Museum in
Paris. That was just an example. Speaking of art, I guess that’s the best way to explain it. Think of NFTs as art, the next step in the evolution of art collecting. Digital art! And the best part about this new art is that anyone can create an NFT. Anyone can buy one for dirt cheap and, in a matter of time, become very wealthy.

One of the earliest NFT’s and probably the most famous NFT collection, which goes by the name of “Crypto Punks” was launched on the Ethereum Blockchain in June 2017 by the founders of Larva Labs, Programmers and Creative Technologists, John Watkinson and Matt Hall. Back then, Larva Labs offered 9000 Crypto Punks from a collection of 10000 (keeping 1000 for themselves known as the “Dev Punks”) free to anyone that had an Ethereum wallet. This took quite a while for people to notice, but after an article explaining the concept, potential, and significance of NFTs was published by Mashable, they were gone within 24 hours.

Fast forward four years, the cheapest Crypto Punk in October 2021 was worth 67.67 Ethereum
or roughly $225,000. The most expensive Crypto Punk purchase to date was sold at 11.7
million!

Now that’s impressive!

Many celebrities and famous businessmen and women have spoken about and own NFTs and Crypto. One of them being Hip Hop legend and business mogul Jay Z. He purchased a Crypto Punk that looks like a pixelated version of himself and now displays it as the display picture of his Twitter account, furthering the influence of growth and adoption to the digital space of NFTs and Cryptocurrency. If someone has an NFT on their Twitter profile, they are almost guaranteed to accumulate followers in the Cryptocurrency space, as most NFT’s are now being used as a status symbol within the crypto space. The two are tied, NFT’s and Cryptocurrency, this space has developed into it’s own economy outside of the normal economy. There would be no creation of NFTs if it weren’t for Cryptocurrency.

I hope that after reading this blog, you can understand the opportunity being presented. This
opportunity means that we as a race have never been in a better position to become Financially free.

Here’s a list of other articles I recommend on Bitcoin and Cryptocurrency:

As always, DYOR! (do your own research) before investing your money into anything!

Anyone can become a multi-millionaire by studying and investing in NFTs and Cryptocurrency. That’s not to say that you won’t lose money either. But the opportunity is there. So DYOR (a crypto term for “do your own research”), trust in your investments and HODL! (Crypto term for “hold on for dear life”) until it can give you the financial freedom to change your life.

Author Jordan Suavaga