Understanding Crypto NFTs
Understanding crypto is confusing. Understanding NFTs can be even harder. I’ll break down what they are and some real-world case uses for them.
Ever since cryptocurrencies hit the market, people from all walks of life have been excited to have a currency not regulated by governments and banks in which they can invest to create a passive income or even become the next millionaire. However, with every new cryptocurrency to emerge comes more confusion and a need for research on the consumers’ part to learn which one is right for them. This is especially true if you are not working with an investment firm or an expert and quickly becomes a time-consuming initiative.
Non-fungible tokens (NFT) for example, are the fastest-growing trend surrounding crypto, however, it is also one of the most confusing. Should you begin to research the topic, you will find hundreds if not thousands of articles on non-fungible tokens, however, finding an actual expert on the topic is like finding a needle in a haystack…so I found one for you!
But first, to understand the full potential of learning from a cryptocurrency trading expert, you must first understand what an NFT actually is.
NFTs Explained
NFT stands for non-fungible token. These are one-of-a-kind or limited edition digital assets that reside within crypto’s blockchain (ledger) and are bought and sold with cryptocurrencies. Now the term fungibility is used to explain an asset that has the ability to interchange with another like asset as they hold equal value such as one American dollar could be equally exchanged for one American dollar.
Non-fungibility refers to an asset that is solely unique with no other asset holding equal value. For example, you could not simply trade the Hope diamond for the Mona Lisa. They would both need an appraisal then the value converted into a currency to be exchanged along with the item.
Non-fungible tokens are unique items with no other asset holding equal value hence their increased value on crypto markets.
An example of this is a digital artwork collage entitled The First 5,000 Days which was made by a veteran digital artist and graphic designer named Mike Winkelmann, also known as Beeple. The digital piece sold for over $69 million dollars at Christie’s, an NFT auction house, and was the first purely digital-work auction on NFTs where a cryptocurrency was used as payment.
The demand for NFTs has been increasing dramatically with the third quarter of 2021 showing an increase of 700% in trading over the previous quarter. The trading volume for this period reached $10.67 billion with the number of buyers increasing by 450% with no signs of slowing anytime soon.
NFTs are not only related to digital art. Images, music, 3D models, and more are all bought and sold on the crypto market as NFTs. Understanding the potential behind this latest trend is essential for investing and that is where you need an expert in the field to take the confusion out of crypto and NFTs.
Meet Dan Hollings
Dan Hollings is the Internet “Super Strategist,” digital marketing and E-commerce sought expert, who is leading the NFT and crypto industry as an avid collector and trusted expert at helping the average person go from newbie to pro without ever having to learn how to trade crypto.
If you follow crypto values at all, you will notice it is a highly volatile currency increasing and dropping in value constantly. Hollings coined this volatility as ‘wiggling’ that can be a potential investor’s nightmare as normally, a stock being that unstable would be one to avoid at all costs.
But to Hollings, that wiggle can be a potential gold mine if you can actually understand it and take advantage of it.
As Co-Author of the book, “One Coin, Two Coin, What Coin? Bitcoin: Crypto for Grownups Made as Easy as Child’s Play”, and the Internet Strategist many attributes to be instrumental to the vast success of the book and film, “The Secret”, Hollings has taken the confusing world of crypto and simplified how people can invest and maximize their returns.
Through a tried and trusted approach, Hollings’ knowledge and expertise have allowed him to crack the code behind crypto confusion and he has welcomed thousands through his courses in over 129 countries making him the go-to expert when it comes to understanding the potential RTO behind cryptocurrencies.
Hollings Acquires Multiple DAW
Since the emergence of NFTs, the cost has steadily increased dramatically making it difficult for the average person to now acquire these one-of-a-kind pieces.
However, Hollings, being the strategist that he is, has always had an eye for seeing ahead of the curve and catching trends before they happen which allowed him to get in on the ground floor of numerous NFTs including one of the most popular ever created, Desperate ApeWives (DAW).
Originally dropped on October 2021 consisting of 10,000 pieces, DAW was created to have its own distinct appearance and attitude representing “The Freedom To Be Who You Are” while also bridging the digital and physical business world by providing ownership and commercial use rights to the NFT owner. Hollings readily recognized the potential and began acquiring many pieces from the collection including ‘The Queen’ herself.
Hollings multimillion-dollar NFT collection consists of numerous pieces including Desperate ApeWives, CryptoPunks, Board Ape Yacht Club, MoonCat Rescue, Cool Cats, ArtBlocks, and more. His investment in the digital pieces has shown to be a savvy strategic move as the works continue to increase in popularity and value, increasing Hollings’ portfolio worth and classifying him as an expert in both NFTs and cryptocurrencies.
NFTs With a Purpose
As the popularity of NFTs increases, celebrities such as former Chelsea FC captain John Terry, Paris Hilton, Jimmy Fallon, DJ Khaled, and Post Malone have all invested in purchasing digital art. However, some NFT collections are going above and beyond simple profits, by aiding charitable organizations around the world and Hollings has joined in helping them reach their goals.
For example, House of Legends working with Drop4Drop is on a mission to provide clean water to one million people. Hollings was proud to back the ongoing project and subsequently donated to provide clean water to Mynapoor St Village in Tamil Nadu, India.
This is just one of the many reasons Hollings loves supporting NFTs and their many causes.
“NFTs make for a remarkably unique and lasting gift, something so memorable it will last a lifetime and perhaps even increase in value over time.” — Dan Hollings
In conclusion, both NFTs and cryptocurrencies can seem very complicated and downright confusing to most people. Understanding the value and the risk is essential to making educated decisions and having an expert like Dan Hollings in your corner, will help make the confusing world of crypto seem like a cakewalk.
