NonFungible.com's annual NFT Market Report shows NFT transactions worldwide jumped 21,350% to $17.6 billion in 2021 over $82.5 million in 2020. The report also found NFT traders earned over $5.4 billion in total profit through buying and selling NFTs.There is a lot of money to be made through NFT investments.
Many investors are aware of this huge opportunity but unsure what an NFT is and how to make money from them. This guide should help.
NFT DEFINED *An NFT (non-fungible token) is a unique digital asset that cannot be duplicated. *An NFT is a 'one-of-one' verified on the Ethereum blockchain *NFTs can also be used as a 'smart contract' or utility allowing access to events, in-person memberships or in-game experiences
Popular NFTs seem to be simplistic digital renderings causing some to see them as nothing more than a fad, or the latest bubble. While investing in Art is always volatile, digital art and assets are only a fraction of the NFT marketplace
2021 NFT MARKETPLACE SALES (by class) *Utilities $530.8 Million *Metaverse $513.87 Million *Art 2.8 Billion *Gaming $5.18 Billion *Collectibles $8.47 Billion
Direct NFT investment is still a bit sketchy and many investors prefer equities. Here are several public companies making a name for themselves in the NFT space.
EVERDIME (OTCMKTS:RGST) CREATES NFT ECOSYSTEM
Everdime Technologies, Inc. (OTCMKTS: RGST) is a vertically integrated NFT investment opportunity boasting a Blockchain-as-a-Service (Baas) technology, and a suite of apps that include: *EVERDIME MOBILE CRYPTO WALLET: Secure crypto wallet within a mobile device to transfer and receive tokens *EVERDIME GAMING CRYPTO APP: Crypto investing and simulation game with 1,800+ real tokens to choose from; users can search for and view NFTs *EVERDIME NFT APP: Enables NFT creation using a mobile device; users can search for and buy NFTs using a mobile device
Everdime Technologies, Inc. (OTCMKTS: RGST) has added internationally known marketing and investment banking strategist Aaron Webber to its Advisory Board.
Webber is CEO of Webber Investments, with 30 years of experience developing and launching marketing strategies for growth-oriented companies like Everdime. The new RGST Board member said, "Everdime is positioned in the exact right space, at the exact right time with a business model that will differentiate the company in the powerful crypto space."
The company aims to help users navigate the world of social media and NFTs.
NFT COLLECTIBLES LEAD SURGE IN MARKET *If you buy an original 'Mona Lisa' or 1909 T206 Honus Wagner, verifying its authenticity is still a chore, *NFTs solve this problem and have reignited fine art and collectibles investing. *The NFT collectibles category generated more than $8.4 billion in sales.
Several companies have entered the business of NFT creation and B2C sales.
AMERICAN LEISURE HOLDINGS (OTCMKTS: AMLH) ACQUISITION IS A MAJOR INNOVATION IN NFT COLLECTIBLES
American Leisure Holdings (OTCMKTS:AMLH) announces it has added an innovative line of NFT collectibles to its portfolio through its acquisition of Baller Mixed Reality. This is the first blockchain-based acquisition AMLH has announced, but judging by its recent announcements, may not be the last.Baller drives revenue through the primary B2C sales of its NFTs, as well as fixed royalties on future sales of the NFTs on secondary C2C sales. The company also earns money on the sale and long-term appreciation of Baller utility tokens, corporate sponsorships, and B2B product placements.
AMLH CEO Adrian Patasar seemed to hint at more acquisitions in the recent release stating, "The acquisition of Baller Mixed Reality is a cornerstone investment for American Leisure Holdings, and an important part of our strategy to amass strategic holdings in the Web 3.0 sector."
(Seeing is believing, watch this video of AMLH's new NFT technology https://youtu.be/M0-DXqYW2tI)As a new entry into this space, American Leisure Holdings (OTCMKTS:AMLH), requires your immediate attention.
Other notable collectibles plays include Takung Art (NYSEAMERICAN: TKAT) and Oriental Culture Holding (NASDAQ:OCG).
ENTERTAINMENT COMPANIES JOINING THE NFT MARKETThere are several entertainment companies joining the space through NFT creation as well, such as Dolphin Entertainment, Inc. (NASDAQ: DLPN) and Cinedigm Corp. (NASDAQ:CIDM)
DOLPHIN ENTERTAINMENT, INC. (NASDAQ:DLPN) CEO COMMENTS ON FY REPORT
Bill O'Dowd, CEO of Dolphin Entertainment recently commented on the company's 2021 FY financial statement, "First, with respect to our financial statements, 2021 revenue grew 49% to a record $35.8 million. Furthermore, we turned operating income positive, absent depreciation and amortization and a change in the fair value of contingent consideration. Finally, and this feels great to say, we reached a working capital surplus, with more cash on hand than all remaining debt, which has allowed us to remove our going concern, a tremendous milestone for any micro-cap public company."
Dolphin Entertainment, Inc. (NASDAQ:DLPN) owns multiple media marketing companies that help the corporation develop movies, television, digital programming, live events, and related intellectual property.
Dolphin Entertainment and West Realm Shire Services Inc, the company that owns FTX.US, announced on August 2 that they are combining forces to create an NFT marketplace for leading sports and entertainment brands. The collaboration will utilize Dolphin Entertainment, Inc. (NASDAQ:DLPN)'s creative and marketing side and pair it with FTX's knowledge of cryptocurrencies.
Dolphin Entertainment, Inc. (NASDAQ:DLPN) on November 22, 2021, launched its first NFT collection, called the Creature Chronicles: Exiled Aliens, which features 10,000 custom avatars representing an ancient race of unique creatures.
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