According to Chainalysis, an global analytics company based out of Atlanta, the tokens known as NFTs, have created an essential goldmine valued at $40 billion dollars. The market, which has been led by trading platforms like OpenSea, has gained investor interest upwards of 40 percent in under a year. While many of the digital assets are sold below $10,000, the surge of tokens available for millions has already proven that the tokens can provide a major investment opportunity.
In the past twelve months,the brainchild of the blockchain used to create the world’s cryptocurrency token,have become a dominant force in the financial industry.With the rise of FinTech banks, blockchain lending companies, and a three-dimensional metaverse,businesses and investors alike are grasping the opportunity to turn a one-time investment of artwork,paintings, or musical endeavors, into a long-term passive income strategy.
Interest in the NFT’s has recently quadrupled with explosive growth that rivals the international art trade scene,with a past year spending of just over $50 billion, a small difference over the digital versions being created. One such investor has amassed a collection worth $20 million dollars after a small investment of less than a thousand dollars just four short years ago. As global interest takes flight, the industry has combatted it’s fair share of fraud as unsuspecting buyers spend fortunes on devalued pieces. For now the hype continues and each buyer purchases at their own risk.
