If you’re like the rest of us, you’d like to make as much money with as little effort as possible, right? From all appearance, non-fungible tokens, or simply NFTs, seem to be the way to mint your millions. Or even your billions. All seemingly with little or no risk.
So, why aren’t you minting those easy dollars?
In a recent article in Vanity Fair, Billion Dollar Boom: NFT Rainmakers, the authors describe (without giving away any useful details or “how to DIY”) describe the wild success of a few in this crazy NFT marketplace.
Days into 2022, the first NFT billionaires were minted. Founders of Opensea, Alex Atallah and Devin Finzer, increased their New York-based company’s value by around $13.3 billion, each becoming worth $2.2 billion. With NFTs logged via blockchain, Opensea—a blockchain startup—has grown by allowing users to monitor asset ownership, as well as create and trade NFTS, taking 2.5 per cent from each transaction. Rainmakers indeed.
They’re not the only ones. Albeit buoyed by the fact their fathers are billionaires, Kiat Lim and Elroy Cheo launched ARC, an exclusive community that counts Asian entrepreneurs, venture capitalists, Web3 developers, cryptocurrency experts and social influencers among its members. Even the likes of Gwyneth Paltrow, Reese Witherspoon and Serena Williams have become NFT champions and collectors.
But while NFT sub-categories cover the likes of domain names, fashion tropes and memes, art lies at the core of this enterprise; and those creating and curating art are riding the wave, just like the NFT rainmakers making billions.
For more, check out the Vanity Fair article at https://www.vanityfair.com/london/2022/02/billion-dollar-boom-nft-rainmakers
Then, let me know what you think. Unless you’re too busy counting your piles of crypt-cash from your sudden newfound NFT wealth.