Business

What Are Non-Fungible Tokens (NFTs)

Ever heard of Bitcoin, Ethereum, and the various altcoins? There’s a new cryptocurrency type on the block and it’s called a Non-Fungible Token or NFT for short.

Published

5 months ago

May 15, 2021

Anthony Hill

Ever heard of Bitcoin, Ethereum, Litecoin, and the thousands of altcoins that make up the cryptocurrency world? Well, there’s a new kid on the block and it’s called NFT or short for Non-Fungible Tokens. If you’ve been following the cryptocurrency space in the last few months you know what I’m talking about. For the uninitiated, get ready to be rocked.

What Is a Non-Fungible Token (NFT)?

Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions.

Source: https://www.investopedia.com/non-fungible-tokens-nft-5115211

How Are NFTs Used?

The distinct construction of each NFT has the potential for several use cases. For example, they are an ideal vehicle to digitally represent physical assets like real estate and artwork. Because they are based on blockchains, NFTs can also be used to remove intermediaries and connect artists with audiences or for identity management. NFTs can remove intermediaries, simplify transactions, and create new markets.

In fact, in the last several months there have been several large art sales happening with the most expensive (at the time of this post) being the Beeple sale of $69 million. Yes, you read that right. As crazy as that might sound, the NFT marketplace is booming with some crazy digital art sales. Here are 11 of the highest NFT sales.

As NFTs gain in popularity, so are the amount of NFT marketplaces growing in numbers. According to the guys at Influencer Marketing Hub, these are the top 10 Marketplaces for buying and selling non-Fungible Tokens (NFTs):

NFTs in a Nutshell

Source: https://www.investopedia.com/non-fungible-tokens-nft-5115211

If you’re an artist or a digital media creator it wouldn’t hurt to try your hand at selling some of your artwork on one of the many NFT marketplaces. Who knows, maybe it just might be a life-changing experience with life-changing rewards.

Related Topics:business cryptocurrency featured NFT

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Using Fiverr to Generate Over $300k

There are a growing number of people using Fiverr to generate over $300k per year doing what they love almost anywhere in the world. Learn How.

Published

5 months ago

May 12, 2021

Anthony Hill

Nowadays there is no shortage of ways to make money at home with the skills you already have or new skills you can acquire in a short amount of time. One of the biggest platforms fueling the freelance economy is Fiverr. In fact, there are a growing number of people using Fiverr to generate over $300k per year doing what they love almost anywhere in the world.

So what exactly is this Fiverr we speak of? Fiverr is one of the world’s largest marketplaces where freelancers can provide digital services to consumers and businesses alike. The price of services freelancers provide varies from $5 to $10,000 with the ability to upsell faster turnaround time and better quality services. At any given point, their databases contain millions of gigs freelancers can secure to earn as much income as they can handle.

The guys over at The Iced Coffee Hour interviewed Alex Fasulo , a Fiverr freelancer making over $300k per year off Fiverr gigs. Check out the interview above.

Business

Feds Give $25,000 Down Payment on Your First House

Biden administration proposes a $25,000 down payment assistance grant for first-time home buyers.

Published

6 months ago

April 19, 2021

Anthony Hill

2021 has been an interesting year so far for the real estate market. Clearly, it’s a seller’s market as property prices continue to skyrocket across the nation as inventory become scarce and droves of people migrate from densely populated cities in the North East and West Coast to Southern and Mid-West regions. The Feds are also noticing this shift and are proposing a $25,000 grant for first-time homebuyers to use as a down payment.

Say what you will, but I think that’s pretty awesome and will be a major help for some people that’s always wanted to own their own house for quite some time but never had the money to put a 10-20% down payment. Let’s learn more about how this Federal grant/credit would work.

Business

Getting More Money With Child Tax Credit

The Biden Administration is offering families more federal money to get back on their feet through Child Tax Credits.

Published

6 months ago

April 19, 2021

Anthony Hill

Getting more money with Child Tax Credit

This year, there’s been a surge in financial relief efforts to help countless American families get back on their feet after a horrifying 2020. And, there’s still so much work that needs to be done. In recent weeks the federal government is providing additional ways families can get more money to help with the bills and put food on the table.

If you have kids, you should be able to benefit from the new round of Covid aid the federal government recently passed. The $1.9 trillion package included a Child Tax Credit that would send an advance of $3,600 per qualified child. This advance would be split and distributed over several months starting in July.

The video above gets into more specifics about the Child Tax Credit. Such as who would qualify, what the criteria are, and so on. It’s worth checking out.