Future Looks Very Bright for NFT

In 2017 Canadian developer Dapper Labs launched CryptoKitties, an Ethereum based blockchain game allowing users to collect, breed and sell digital cats. It was so successful that it slowed down the entire Ethereum network. Each CryptoKitty has a unique NFT (non-fungible token). While this whole concept may sound a bit silly to some people, other companies have made billions of dollars with similar concepts. Epic Games' Fortnite business model was to give the game away for free, then charge for things like costumes, weapons, the Battle Pass, etc. This model was extremely successful.

When I am speaking with "older" investors they often cannot comprehend why someone would want to purchase something non-tangible, but it appears this is the way things are moving. Dapper Labs latest product, NBA Top Shot, is a blockchain-based game that allows customers to collect NBA highlights for their favorite players. It has already achieved sales of over $230 million in one month. The entry level packs of video highlights, priced at $9, are constantly sold out -- and Dapper Labs is struggling to deal with the overwhelming demand.

If you are an investor and have some money on the sidelines I would recommend taking a good look at businesses involved in NFT products and cryptocurrency. These investments will likely outperform more traditional investments in the upcoming years. If you would like to meet to discuss crypto and/or NFT feel free to reach out to me at https://www.cryptocurrencysolutions.info/book-online