Primer on Non-fungible Tokens NFTs

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Primer on Non-fungible Tokens NFTs ( primer-non-fungible-tokens-nfts )

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• Like stocks, NFTs let fans make a bet on the artist’s potential. o In the future anyone can be an investor and have the opportunity to monetise their knowledge, whether its games, music, sports, etc. o To make money from NFTs, investors need to have a clear understanding and deep knowledge of the genre of NFTs they are investing in o If you’re able to make precise bets on the next Kobe Bryant, you have the potential to cash in on your knowledge of the NBA. o If you’re an avid gamer, then virtual world assets may be of interest. Gaming • There are 2.7 billion gamers worldwide. • The gaming market is valued at over $170 billion and growing. • This growth is not slowing down either. By 2023, the gaming market is expected to bring in a striking ~$200 billion dollars. • Gamers spend considerable amounts of money on in-app purchases, such as weapons and armour, for a variety of purposes that upgrade their gameplay or simply look cool. Gaming is not only huge, but also evolving into more than just ‘game play’. • Games can enable social experiences, creativity, and learning. • When you throw blockchain into the mix, you enable the integration of digital value. • For the first time ever, users can truly own goods in virtual worlds and games. NFTs essentially tokenize assets that you can buy within a game e.g., a shield or skin • NFT’s let users keep the assets they’ve purchased in their games. o Currently, when a user quits a game, the assets purchased in-game are gone. • NFTs enable users to sell their assets or convert them into rewards points and even take them to other games. 7

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