NFT ART COLLECTIBLES

I recently wrote about NBA HOT SHOTS, a new NBA Fan Memorabilia collectible, which is a NFT token and it has been a smashing success. The NFT Art project has already racked up larger sales figures then the famous CryptoKitties of Ethereum blockchain fame, which owned the title of most profitable NFT project created.

This was a revolutionary mainstream retail use of NFTs that occurs during a tremendous wave of mainstream adoption of Bitcoin. Bitcoin appears to have opened the doors of acceptance for cryptocurrency and blockchain elements and the retail industry appears prepared to start embracing it with both hands. This is making cryptocurrency and the blockchain a very hot vehicle for commerce.

Real Estate the largest asset class in the world

I have previously written about securitization and Tokenization of real estate, which was limited to so called Accredited Investors requiring one million dollars in assets to qualify. But now Decentralized Finance has once again broken through another barrier protecting a lucrative investment niche from the average retail investor.

Labs Platform and world famous gaming NFT producer Enjin have partnered to create an Tokenization and Fractionation process for expensive hotels and vacation resorts, and these tokens would be for sale on Labs special internet website, and the minimum investment would be 100$ USD.

This is a historical economic earthquake!

In common terms, this process will create a token, which represents 100 dollars worth of the initial assessed value of the specific Hotel or Resort. Then as the hotel appreciates in value overtime, so does the Token. These hotels or resorts are worth hundreds of millions of dollars. The owners would create thousands of tokens, sell 49% of them to raise cash, keep 51% to maintain control, and then use the proceeds for expansion, improvement or maintenance, depending on the terms of the sale. Such renovations or expansions could quickly increase the value of the property ten fold resulting in a substantial windfall for the token holders in 2-5 years.

DeFi or decentralized finance, the blockchain and the superpower of cryptocurrency fungibility, nonfungibility, transparency and immutability.

These characteristics are the result of much research into the failings of the current global financial system, which is centralized and exclusionary. DeFi promises decentralization of the financial tools used to create wealth and to those with the drive to learn, understand and use it, it will be an inclusionary and unpermissioned platform, where the common man or woman can become wealthy. A true open market and pure capitalism.

Stay informed and educated my friends.

Written by @shortsegments.

curious about NFT’s? See my article: Nonfungible Tokens 101: a brief introduction.

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