If you read my newsletter from last Friday, you’ll know that I just bought my first ever NFT.
I bought it for primarily 2 reasons:
I want to learn about NFTs, and the best way to learn anything is by doing it
I want to make money - and NFTs will be much bigger than most people think
Just recently, 107 NFTs of monkeys looking bored sold for $24 million at a Sotheby's auction.
And some NFTs have gone from a few thousand dollars to millions in less than a month.
The potential for NFTs is huge. It has applications way beyond art - and into gaming, collectibles, real estate, community, and much more.
But NFTs are like the wild west of crypto right now. And if you thought crypto was crazy, wait until you discover NFTs. They can triple in price - and lose 90% of their value - in a matter of days.
Buying NFTs is risky. Most projects will go to 0 in the long term.
But the risk-reward for buying NFTs remains interesting.
In the worst-case scenario, you lose a little bit of money and learn…