There is no doubt that blockchain gaming has made an impact in the world of games. NFT, or non-fungible tokens as they are called, have been a revolutionary technology for game developers and enthusiasts alike. While most people know about them in terms of things like CryptoKitties, many haven’t heard about their potential to change the financial industry too.
The “bsn nfts” is a new asset class that has been growing in popularity over the last few years. This asset class is made up of NFTs, which are digital assets that are stored on the blockchain. The growth of this asset class can be attributed to its low cost and ease-of-use.
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The ultra-rich just invested more over $2.6 billion in only 2 weeks on this 277-year-old asset. Why? Since the majority of investors are concentrated on the NFT fever, they are unaware of the projected $1.7 trillion market that is becoming more popular as a result of the mania.
In fact, it was referred to be “among the hottest markets on planet” by the WSJ. And the super-rich are contributing to this market’s record-breaking growth:
This incredible treasure was sold by the Rothschild family to the Dutch government for more than $197 million.
Oprah Winfrey made $62 million for herself when she sold this asset for $150 million.
Recently, Jeff Bezos sold shares in Amazon in order to purchase this asset for $70 million.
Of this wealth, Bill Gates keeps $124 million locked up in his home.
And renowned hedge fund manager Steve Cohen made more than $1 billion in purchases.
This alternate asset, what is it? Art. Actual works of art by well-known artists like Picasso, Monet, Basquiat, Banksy, and Warhol rather than digital art like an NFT.
The super-rich may have purchased this item for a number of reasons, including:
- Contemporary Art price appreciation has outpaced the S&P 500 by almost 3 fold from 1995 to 2020.
- Contemporary art increased 23.2 percent on average and outperformed most other alternative assets during times of inflation equal to or greater than 3.0 percent (today it’s twice that) (such as real estate and gold).
- According to Citi, art outperformed 10 important asset classes in 2020 despite the pandemic, several of which were typical “safety hedges.”
Why is this asset so appealing?
Paintings may increase in value even during market downturns, as recently mentioned in a BBC report, “art has no association to the stock market.”
Sadly, the majority of people just cannot afford to purchase a $100,000,000 Picasso.
But there is an other option. Without having to make substantial financial commitments, a revolutionary $1 billion software enables ownership of investments in comparable outstanding pieces of art by well-known painters like Picasso, Basquiat, and Soulages.
The $1 Billion App: What Is It?
A $1 billion firm called Masterworks.io makes it possible for regular investors to purchase modern art. And for a little portion of the price of a full painting.
It makes some of the same kinds of paintings that rich collectors like Jeff Bezos, Bill Gates, and Eric Schmidt acquire available to regular investors.
Investors choose Masterworks.io every day because it enables them to do so without having to spend millions of dollars on shares that reflect investments in works of art.
It provides you the opportunity to spend as low as $20 on a Banksy or Condo artwork. And the Masterworks.io platform has 295,000 users, making it incredibly well-liked.
Why Use This App Right Away?
Citi claims that throughout the epidemic, art prices have outperformed those of other asset classes including stocks, cash, real estate, and several commodities.
That’s because the average association between modern art and other important asset classes is low.
Due to the current crisis, investors may now use Masterworks.io to invest in alternative assets when the market seems unclear.
On the site, investors have the option to invest in works by artists including Pablo Picasso, Zao Wou-Ki, and Gerhard Richter.
Investors won’t have the opportunity to invest any longer however after certain objectives for each artwork are met.
For instance, a brand-new Banksy piece titled “Exit Through the Gift Shop” just sold out on the Masterworks.io app in less than three hours.
How Does the App Masterworks.io Operate?
By securitizing the first artwork, Andy Warhol’s “1 Colored Marilyn,” CEO Scott Lynn sought to democratize the art market in 2017. (Reversal Series).
This is certainly the greatest asset class that hasn’t been securitized, he said, adding that “that light bulb sort of switched on four years ago.”
Since then, Masterworks.io has developed into a platform where investors may purchase a sizable collection of well-known tangible works of art.
The process is as follows:
- To determine which categories of works have enticing price appreciation potential, the Masterworks.io research team examines more than 60,000 data points spanning more than 70 years.
- The artwork is acquired by Masterworks.io, which then sells it as a security to investors through the Masterworks.io app.
- You may share with other users on the site your investments in the works of art.
- When Masterworks sells the piece, you may keep your money and take part in the distribution.
Price Increases for Famous Works of Art
From the sale of their “Mona Lisa” by Banksy, net of commissions, in 2020, Masterworks’ investors realized a 32 percent yearly increase.
Additionally, investors will get a net profit of 31 percent annualized gain in 2021 from the sale of the George Condo artwork “Staring Into Space.”
Since everyone can invest in art by names like Banksy, Kevin O’Leary from Shark Tank tweeted: “ANYBODY can invest in art by names like Banksy, and I adore what they’re (Masterworks) doing.”
How can I quickly purchase the “billionaire asset”?
To get started, just adhere to these 3 steps:
- Visit the Masterworks’ registration website.
- Answer a few questions and provide your contact information.
- You will get support from a representative for art investments.
Visit masterworks.io/disclaimer to see crucial disclaimers.
Posted In: Sponsored, NFTs
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NFTs are a type of digital asset that is similar to cryptocurrencies, but they’re not limited to the blockchain. They can be created and transferred on their own chain or on a public blockchain using smart contracts. Reference: nfts for sale.
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