| How can a tweet be worth $2.9 million? |
| | Good morning,
Last month, Jack Dorsey auctioned off his first-ever tweet as an NFT, or non-fungible token. It fetched more than $2.9 million.
The transaction was a sign of the times: NFTs--unique digital assets that exist on the blockchain--have become big business, at least for the moment. The original function of NFTs was to verify digital art, because they can function as certificates of authenticity. Now luxury fashion labels, real estate companies, pro sports leagues, and even legacy art auction houses such as Christie's, Sotheby's, and Phillips are selling NFTs. Tom Brady recently announced that he is launching an NFT company that will feature collaborations with famous athletes, entertainers, and artists.
It's enough to make any business owner wonder whether this is a trend worth exploring. Some finance experts recommend caution, noting that the price of NFTs has plunged by more than 70 percent since its high point in February. Skeptics say the NFT bubble may soon burst as the market is flooded with more creations and the novelty of crypto collectibles begins to fade. Yet enthusiasts like billionaire Mark Cuban say NFTs could provide important new revenue streams for small businesses and creators--and now is the time to jump in.
Read our story to learn about the risks and potential rewards you’ll discover by doing so, including some practical purposes for NFTs beyond investing or selling. |
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nintenmau5 posted: " Today marks 20 years since Animal Crossing released in Japan. It was known as Animal Forest in that territory originally, and since then, we've seen the franchise grow into what is now one of the most successful IP's from Nintendo. With the developme" Today marks 20 years since Animal Crossing released in Japan. It was known as Animal Forest in that territory originally, and since then, we've seen the franchise grow into what is now one of the most successful IP's from Nintendo. With the development team behind the incredible popular Animal Crossing: New Horizons including some folk […] Read more of this post |
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Sickr posted: " Koei Tecmo and developer Team Ninja have released a fresh new trailer for the long-awaited collection of Ninja Gaiden games which is a titled Ninja Gaiden Master Collection. The new trailer takes look at a number of characters which appear in the fas" Koei Tecmo and developer Team Ninja have released a fresh new trailer for the long-awaited collection of Ninja Gaiden games which is a titled Ninja Gaiden Master Collection. The new trailer takes look at a number of characters which appear in the fast-paced and brutal action games. The Ninja Gaiden Master Collection contains the following […] Read more of this post |
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Sickr posted: " The Pokemon HOME app has announced to users that they will be discontinuing support for the operating systems Android 5 and iOS 9 to 11, as well as iPhone 5s and 6 devices. The discontinuation for those devices will begin when the June software updat" The Pokemon HOME app has announced to users that they will be discontinuing support for the operating systems Android 5 and iOS 9 to 11, as well as iPhone 5s and 6 devices. The discontinuation for those devices will begin when the June software update starts to roll out. The current version of iOS is […] Read more of this post |
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Sickr posted: " The latest Famitsu review scores are now in from the latest edition of Japanese publication Weekly Famitsu and there's some big titles reviewed in this week's edition. Interestingly, Yuji Naka and Square Enix's latest title Balan Wonderworld which sc" The latest Famitsu review scores are now in from the latest edition of Japanese publication Weekly Famitsu and there's some big titles reviewed in this week's edition. Interestingly, Yuji Naka and Square Enix's latest title Balan Wonderworld which scored rather poorly with western blogs and video game sites scored an impressive 30/40 at Weekly Famitsu […] Read more of this post |
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Sickr posted: " Power Rangers: Battle for the Grid is getting a special cross-over event on the 25th of May 2021 and you get costumes for Capcom's very own Ryu and Chung-Li from the Street Fighter series. The designs for both Ryu and Chun-Li were a collaboration bet" Power Rangers: Battle for the Grid is getting a special cross-over event on the 25th of May 2021 and you get costumes for Capcom's very own Ryu and Chung-Li from the Street Fighter series. The designs for both Ryu and Chun-Li were a collaboration between Capcom and developer nWay. The Ryu-based designs were based on […] Read more of this post |
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