You Don't Need to Buy an NFT to Profit From This Megatrend

Editor's note: For today's Weekend Edition of Empire Financial Daily, our friend and colleague Jeff Brown is back... As regular Empire Financial Daily readers know, Jeff is the founder and chief investment analyst at our corporate affiliate Brownstone Research. His tech expertise spans multiple sectors... and he's an active and successful angel investor in early […] Not rendering correctly? View this e-mail as a web page [here](. [Empire Financial Daily Weekend] Editor's note: For today's Weekend Edition of Empire Financial Daily, our friend and colleague Jeff Brown is back... As regular Empire Financial Daily readers know, Jeff is the founder and chief investment analyst at our corporate affiliate Brownstone Research. His tech expertise spans multiple sectors... and he's an active and successful angel investor in early stage technology companies. Right now, Jeff sees an opportunity in something that our own Enrique Abeyta has been pounding the table on: non-fungible tokens ("NFTs"). As Enrique has said, you might not ascribe value to any of these... but enough people do that the value has become reality. And as Jeff explains in today's essay, there are other ways of taking advantage of this boom besides just buying an NFT outright... --------------------------------------------------------------- You Don't Need to Buy an NFT to Profit From This Megatrend By Jeff Brown How much would you pay for a piece of digital art? It's a question I'd ask us to consider today. Many people are making millions in a matter of weeks buying and selling a unique kind of digital asset that we may already be familiar with – non-fungible tokens, or NFTs. These are digital assets that are cryptographically secured and authenticated on a blockchain. We can think of these as digital collectibles. Artwork, trading cards, exclusive video clips, poems, and similar items can all be "tokenized" and stored on a blockchain. And what has happened in this space over the last year is simply remarkable... Let's take the Bored Ape Yacht Club, for example... It may not be on every reader's radar. This is a series of digital collectibles showing humorous drawings of various apes. You might think this sounds silly on its face... but this collection has proven among the most valuable in the entire NFT market. One NFT in this collection jumped from $228 to more than $560,000. That's a 246,501% return. And another Bored Ape jumped from $228 to almost $3 million. Even the rapper Eminem recently spent up to $450,000 on a Bored Ape – all because it bore a strong resemblance to him. In total, tokens related to this collection have generated over $1 billion in sales since their initial release. And there are even more NFTs out there selling for outrageous sums. I can guess what we're probably thinking: this seems a little crazy. And I would personally never spend that much on a single piece of art. But we should keep in mind that it's not uncommon for rare pieces of physical art to sell for hundreds of thousands or even millions of dollars. What we are seeing is the future of artwork and collectibles. It is a market that I predict will be valued at $100 billion this year. The "smart money" sees this. And they are gaining exposure right now. --------------------------------------------------------------- Recommended Links: [Wall Street legend reveals the most important tech for the next 100 years]( Tilson, who famously bought Netflix before it spiked by 5,200%, insists that you should have your eye on one particular investment right now. In fact, he's so steadfast in his belief that he's decided to give his [No. 1 stock recommendation away]( – for free (ticker symbol and all). --------------------------------------------------------------- [How to win big on Super Bowl Sunday without placing a single bet]( For the first time ever, Americans from 33 states will be legally betting on everything... Who will win the coin toss? Will the first score be a touchdown or a field goal? What will the first commercial be? Even how long will the national anthem go? An estimated $4.3 billion (or more) will be exchanging hands in just one day. And you can get a slice of the pie... without placing a single bet. That's why some are calling it "The $4.3 Billion Day." Even if you don't follow sports, [don't miss THIS for the world](. --------------------------------------------------------------- 2021 was a breakout year for NFTs... In December alone, NFT sales reached a staggering $2.26 billion. That's higher than the entire sales volume of NFTs in 2020, which sits around $340 million. And in 2021, over $23 billion traded hands in the NFT market. That number will increase exponentially in 2022. What's more, venture capital ("VC") is on the move. Andreessen Horowitz – one of the most successful VC firms in history – backed two raises for the popular NFT marketplace OpenSea over the last year. Across two funding rounds, the firm funneled over $123 million into the company. And in January, OpenSea raised more than $300 million in a funding round led by the cryptocurrency-focused firm Paradigm. All this capital has driven OpenSea's valuation to more than $13 billion. And Dapper Labs – the company behind massively popular NFT platforms like NBA Top Shot and CryptoKitties – completed a $250 million funding round back in November led by Google's VC arm, Andreessen Horowitz, and various other crypto-focused firms. That raise has allowed Dapper Labs to initiate its own equity offering as it looks to expand its sports trading platform and build out more NFT collections. Even Kraken, one of the world's largest digital asset exchanges, is launching its own NFT marketplace this year after seeing an influx of capital from tech-focused firms like Joint Journey. This infusion of capital is contributing to the moment we're seeing for NFTs right now. And each of these projects is paving the way for what I believe will be a major inflection point in the NFT market in 2022. So, let's consider our question again: How much would we be willing to spend on a single piece of digital art? It's entirely a personal decision, of course. But I have some good news... Investors do not have to purchase a single NFT to profit from this technology trend... The way to profit from this megatrend without ever buying an individual NFT is by investing in the blockchain projects, digital assets, and even public companies supporting and building this market. I've discovered three under-the-radar "NFT coins" that represent the best play for early investors in this rapidly growing market. They're the coins enabling these assets to be minted, bought, and sold across the world. And in a brand-new presentation, I want to show folks how we could see decades' worth of returns in as little as three months with these projects. There is just too much opportunity in this space for investors to ignore. Money is simply flooding into NFTs... and we can't afford to miss out. I want to guide readers to the best projects set to boom this year as adoption takes off, so make sure you check out my presentation [right here](. Regards, Jeff Brown February 5, 2022 If someone forwarded you this e-mail and you would like to be added to my e-mail list to receive e-mails like this every weekday, simply [sign up here](. © 2022 Empire Financial Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Empire Financial Research, 601 Lexington Ave., 20th Floor, New York, NY 10022 [www.empirefinancialresearch.com.]( You received this e-mail because you are subscribed to Empire Financial Daily. [Unsubscribe from all future e-mails](