- Some people create and sell their own NFTs, or invest early in crypto to make money.
- Others get jobs at crypto startups or invest in Metaverse digital real estate.
- NFTs have sold millions of dollars, but they are still speculative assets that are not suitable for everyone.
Web3, cryptocurrencies, and blockchains are exploding in popularity, whether they’re NFTs (non-fungible tokens) sold in large numbers at Christie’s or the price of a single Bitcoin over $ 60,000. ..
But many who are looking for some of the new technology really don’t know where (or how) to start.
Insider has published a first-person experience written by cryptocurrency billionaires, NFT beginners, and cryptocurrency CEOs who have invested $ 2.6 million in virtual real estate, among others. Here’s their story and what they’ve learned from casting their own NFTs to buying real estate in the Metaverse.
A beginner came across the purchase of Beeple NFT
Investing in NFTs may turn out to be long-term investments that have the potential to grow over time. Popular NFT artist Mike Winkleman, also known as Beeple, sold NFTs at auction for millions of dollars. His name is synonymous with the NFT boom, and his work is considered a tracking item by collectors.
An example of this is a purchase made by Edward Fairchild, who encountered the discovery, rather than searching for the NFT himself. Due to the high demand, he decided to secure one of Beeple’s open versions for $ 9,69 after the limited edition NFT was released and couldn’t be purchased. Over time, as demand increased, the value of the NFT he purchased exceeded $ 200,000.
read more: I was supposed to buy a Beeple NFT for $ 969, but now it’s worth at least $ 289,000. This is how I bought it and why digital assets are the future.
Experts share how he makes the best deal
If you are interested in investing in crypto, there are plenty of resources like the public forums above
discord
And a weekly podcast talking about the latest crypto trends.
You can also learn directly from an expert. Cooper Taree is a cryptocurrency billionaire on Fortune’s NFTy50 list, turning his early crypto investment into a million dollar profit. To catch up with the specific assets you are interested in following, he recommends finding some media that focuses on trends and sees what they cover.
read more: I’m a 25 year old cryptocurrency millionaire. This is what I use to make the best deals and keep track of tokens before they become a trend.
Learn about the (complex) process of creating your own NFT
Not all NFTs are high-end collector’s items from well-known creators such as CryptoPunks and Bored Apes Yacht Club. In fact, the average walk in the park can turn into a crypto masterpiece.
Tobey Hazelwood converted a photo of his walk into an NFT and sold it for 0.015eth. He states that anyone interested in creating an NFT needs to identify who the potential buyers are and enter the market as soon as possible.
read more: I sold the photos of the morning walk as NFT. Here are five tips for creating NFTs on Ethereum.
Get a job at a cryptocurrency startup
Getting a job at a crypto startup is different from getting a job in other areas. According to Dan McCarthy, a top recruiter in the venture capital paradigm, there are five possible questions during an interview.
- How are you interested in cryptocurrencies and what are you interested in about the space?
- What frustrates you about your existing financial system?
- What is your ideal role?
- Please tell us your view of society 20 years from now. What excites you and what worries you?
- If you are designing your own non-fungible token project, what do you build?
read more: Venture Capital Paradigm Top Recruiters Share Five Expected Questions When Interviewing Cryptocurrency Startups
Some companies are investing millions of dollars in digital real estate
Blockchain has uses far beyond NFTs and currencies. In fact, some people are looking to the Metaverse and investing heavily in digital real estate.
Andrew Kiguel, CEO of Tokens.com, has invested $ 1 million in real estate in the virtual open world Decentraland. He said he made this investment because he believes Metaverse is a $ 1 trillion industry and can attract both old and new customers. Through this purchase, he can expand his assets, promote his products and offer goods and services to his customers.
read more: I bought a virtual property in Metaverse for $ 2.6 million. This is why I think it’s a once-in-a-lifetime opportunity.
