Andrew’s note: In today’s essay, tech expert and editor of The Bleeding Edge Jeff Brown discusses why NFTs are more than just the latest trend… but a valuable asset for the future. After all, over $23 billion of NFTs were sold by the end of last year.
Since many people are curious about the NFT market, Jeff Brown is hosting one of his biggest giveaways tonight at 8 p.m. ET, where you’ll have the chance to win an NFT… for free.
If you want to know why Jeff thinks NFTs will be much bigger than Bitcoin and Ethereum combined, sign up right here
Now, read on to learn what he says could be the most exciting trend of the decade…
Back in 2017, the auction house Christie’s completed what was then the largest-ever transaction for a piece of artwork.
The piece in question? It was Leonardo da Vinci’s Salvator Mundi. The piece sold for $450 million.
Leonardo da Vinci’s Salvator Mundi
Source: Wikimedia Commons
$450 million is a steep price for a single piece of artwork. But it’s not uncommon to see prices like this when a one-of-a-kind piece goes up for sale. The art market thrives on scarcity… and it has historically been ruled by physical assets.
But all that changed in 2021.
We’ll remember 2021 as the start of a revolution in the art and collectibles space. That’s when extremely valuable pieces of art finally went digital.
The digital artist Beeple – also known as Mike Winkelmann – executed a historic deal for one of his own artworks. The piece? It was actually a collage of 5,000 individual artworks Beeple produced over 5,000 days. We can see it below.
Everydays: The First 5,000 Days
Source: Sotheby’s
And the sale price? Over $69 million.
This sparked a wave of investment in a special kind of tokenized asset – non-fungible tokens, or NFTs.
Regular readers of The Bleeding Edge are already caught up on this trend. In fact, I’ve been sounding the alarm on NFTs over the last year.
For newer readers, NFTs are digital assets that are cryptographically secured and authenticated on a blockchain. We can think of these as digital collectibles.
They can include video clips, individual works of art, items purchased in digital worlds… Even NFTs with physical counterparts can be linked to items inside video games and metaverses.
I can guess what we’re probably thinking: This all seems a little… crazy.
I understand why we might think that. But I’d encourage us to keep an open mind. Dismissing the NFT trend as a “fad” would mean passing up one of the most exciting investing trends of this decade.
NFTs Are Misunderstood
In March 2021, I was a guest on Glenn Beck’s radio show. The topic was NFTs. Glenn had some great questions, and I was happy for the opportunity.
From 2019 to 2020, the total volume of sales on Ethereum grew almost three-fold. By the end of 2020, NFT sales came in at about $340 million. But here’s what I told Glenn on his show back in March:
[NFTs] are going to have a multibillion-dollar year this year. And it’s because people see the art and collectibles market shifting from physical objects to digital assets. And each one is individual, and unique, and rare.
I was right. The growth of NFTs went exponential in 2021.
More than $4 billion of NFTs were sold during the first half of 2021. And that number soon grew to over $23 billion by the end of 2021. That’s a 6,664% increase from 2020.
To my knowledge, there is no analyst who accurately predicted this type of growth. But if you’ve been reading The Bleeding Edge over the last year, then you’re already well ahead of the curve.
Just like I told Glenn back in March… this multibillion-dollar market will change the world for years to come. And it’s going to make a lot of people rich in the process.
Of course, these are still very early days. But unlike the legacy art and collectibles markets… we don’t need to own any NFTs to capitalize on this megatrend.
A Play on the Entire NFT Megatrend
Like I mentioned earlier, NFTs are supported by blockchain technology. And this is opening up the opportunity for us to invest in a unique group of tokens that will surge as the NFT market takes off.
So tonight at 8 p.m. ET, I’m holding a special presentation to show you how to place an early stake in an exciting class of digital tokens set to take off with this trend – NFT coins.
NFT coins have already jumped high enough to turn a single $1,000 investment into $361,165, $588,532, and even $1.08 million… in as little as three months.
And I’ve found three NFT coins that could hand you decades of tech gains in a matter of months.
I see the market for NFTs hitting a major inflection point from here. That’s why I don’t want you to miss out on this special presentation I’ve put together.
If you’re interested in joining me, make sure you reserve your spot right here.
Regards,
Jeff Brown
Editor, The Bleeding Edge