Monday, April 5, 2021

Non Fungible Tokens - A New Asset Class - The Birth of NFTs

Birth of Non Fungible Tokens

Birth of NFTs as an asset class

25 February 2021 Christies accepted and sold by auction the first standalone NFT work of art for $60.25 million, plus 9 million in fees which for the first time was also paid in cryptocurrency.

The NFT in concern was a collage of digital images that the artist Mike Winkleman ( Beeple) created one a day every day for 13.5 years. A total of 5000 digital images sold as a single lot  above. 

This single event is recognised as one that ushers in NFTs as a new asset class.

Asset Classes : Companies : 87.61   ETFs : 5.95  Gold  : 10.97 Cryptocurrencies : 2.03 Trillion 

Cryptocurrency is now a new asset class and is already valued at 2.03 trillion dollars, meaning that 2.03 trillion dollars have already flowed into this asset class. 

The Need For A New Asset Class

Since the financial crash of 2008, almost every country in the world have embarked upon a program of Quantitative Easing ( money printing ). This does not produce any goods and services and is therefore inflationary, except that the inflation moved into assets like company stocks, real estate, gold and even cryptocurrencies. With interest at zero, near zero and even negative and yet even more money printing going on, money has found its way into NFTs and in a big way. 

This phenomenon is no accident. The purchaser of the Beeple NFT was Vignesh Sundaresan also known as MetaKovan, who previously purchased of the Delta 1-1-1 Formula 1 NFT for a price in excess of $100,000. He revealed that he was willing to pay even higher for Beeple as it was history in the making and would usher in a new age for digital arts. NFTs are rising in value because money is looking for another asset class. This is because the existing assets like Stock, real estate, bonds. gold and perhaps cryptocurrencies are already in bubble territory and so much more liquidity is still flowing in through endless money printing everywhere.

What is an NFT

We can define an NFT as a blockchainaised digital file. A digital file, time stamped on a public blockchain. As there is not enough space to hold the complete file containing image and perhaps text, the blockchain stores a link to an external database where the contents are stored.

As any asset. Its price is determined by supply and demand, and value is determined by Usefulness to society and scarcity. An item that is very useful and very scarce commands a very high price. An NFT is a virtual asset. Its value is in the eye of the beholder.

Andrew Steinwold gives a good account on the chronology of the development of NFTs HERE. Without a doubt the first Everdream Soft were the first to issue NFTs on the Counterparty and Bitcoin platform for their Spells Of Genesis Game.

The Market For NFT

Best place to get a grip on the NFT market is at DAPRADAR. This space is very new, daily sales are only around $30 million. Most of the current NFTs are issued on the Ethereum blockchain however the earliest NFTs were issued on the Bitcoin blockchain by Everdream Soft on the Counterparty platform.

The value of an NFT can be boiled down to age and content. Age determines scarcity as there can nver be anymore created and backdated. The Blockchain is a timestamp and we can therefore value an NFT by the date on which it was minted. 

There is of course no reason just to hold a transaction with a link pointer. The content is important. In the case of Beeple, even though the age of the transaction is recent, It represents the ownership of 5000 digital drawings by the artist over 13.5 years. A feat that cannot be duplicated. Being 1 off, sold at Christies ( A renown art trading house), gives it that value. If it comes up again for auction many people will still be willing to pay even more for it. It is both a store of value and an inflation hedge. It does not also carry all the cost of physical ownership.

Even if Bitcoin or Ethereum is outlawed, because it competes against a national digital currency, NFTs would still be legal as it will be regarded as an asset. Not a means of payment.

SOG cards - The most undervalued throve of NFTs 

When cryptokittes traded for $100,000 as an ERC721 token, not much attention was paid to Spells Of Genesis cards even though they were issued 2 years earlier in 2015. 

The Satoshicard was the most highly valued card and it sold for around $3000 back in 2016, but nothing like the hundred of thousands for Crypto Kitties. It may have been marketing or just that the Ethereum community was so much larger and supportive of anything Ethereum. Bitcoin was only seen as a payments system and a store of value and app developments were hampered because of the high transaction cost then. A curse that is also visited on the Ethereum blockchain today.

Besides being the earliest minted cards many of the cards also carry a theme of real events occurring in blockchain history. The Satoshicard celebrated the creator of Bitcoin. The Genesis card chronicle the birth of Bitcoin and the whole blockchain industry from the minting of the Genesis block. The Battle For Blocksize brings up all the arguments and flame wars which lead to the forking of Bitcoin into BTC and BCH, and many more.

These are some of the cards linked to Bitcoin and Blockchain history.

Genesis Card

As this asset class matures, and increasing number of investors are exposed to the history and development of NFT, SOG cards will gain prominence. The earlier ones connected to blockchain history will be the most sought after.


Birth Of A Creative Economy - HERE 

Christies and Beeple - HERE 

First NFT sells for 69 million - HERE


  1. I get very helpful and useful information from your site . It aslo helpful for newcomers , keep going. I would like to suggest to you something whichis really interesting about Skindex

  2. Elon Musk 50th Birthday Party Animated NFT can be checked out here:

    #nft #nfts #buynft #bidnft #tradenft

  3. The World’s 1st ICO Platform That Offers Reward Contributors
    Join tg: @cTabbyCatfinance
    More info:

  4. Safe Care Moon – #Binance #Smart #Chain, #CARE #Token Community and #Yield #Farm #Token
    More info:

  5. Babylon, blockchain, blocks, crypto, eco-friendly, free, private, transactions, public, erc20, token, ethereum, smart, contracts, algorithm, geth, blockface

    A free to use blockchain that is live now, supports private block transactions and has an associated erc20 token on Ethereum. Babylon Blockchain that runs on a eco-friendly consensus algorithm.

  6. The Magna Carter is a charter of liberties to which the English barons forced King John to give his assent in June 1215 at Runnymede. It is a document constituting a fundamental guarantee of rights and privileges.

    Magna Carta is a BEP20 token with super high yield and liquidity generation tokenomics for the community. Magna Carta is created along with a purpose built forum No Rug Pull, which will provide this cryptocurrency with a purpose and use.
    buy and sell cryptocurrency, Find safe moonshot projects, invest in rug proof mining pools, field farming and staking.
    No Rug Pull forum will also enable users to exchange #MGN tokens for many crypto related digital good and services via Escrow payment.
    As well as providing a decentralized exchange and a library of information for the growth of the community.

    Name: Magna Carta
    Symbol: MGN
    Total Supply: 100,000,000,000,000
    Certik - Audit coming Soon

    Coin Gecko �� & CMC Application
    Contract address
    10% Tax
    2% burn �� rate
    8% community reward ��
    More info:
    Telegram: @magnacartatoken

  7. Shiba Survived #BlackWednesday Animated NFT Lottery
    Join Here:

    The Animated NFT can be checked here:

    This NFT is extremely valuable due to its rarity and number of participants that will compete for it.
    Only 1 piece of the Shiba Survived #BlackWednesday Animated NFT will ever be minted.

    The winner will be contacted by email at the end of the contest. We will announce the winner of the lottery on livestream on 8. June 2021.

    To know more about the project

  8. A #BSC #token completely decentralized, to support and enjoy the saga of the #guardians of the #galaxy!. In the long term, the community will decide its direction by voting.

    Transparency and communication: #Investor trust is our greatest value. We want to grow our community of owners. We want them to trust in our project

    Telegram: @RocketGalaxy

  9. What is #Thecryptocapital?
    Thecryptocapital is a registered #investment company based in the United States. It leverages various profitable business directions and offers high-return investing in the #Forex, digital currencies such as #Bitcoin, #Ethereum, #Litecoin and Bitcoin Cash, stock market, and Fintech start-ups, through modern investment programs. Moreover, it is keeping up with the constantly-changing financial space by updating its existing programs and coming up with new investment plans.

    To know more


  10. LibraSwap is automatic liquidity acquisition yield farm and #AMM #decentralized #exchange running on Polygon network with some unique and creative features that let you earn and win.

    Presale started here:
    Telegram: @libraswapeng

    #ico #exchange #token #nft #nfts #bnb #bsc

  11. EgyptianDoge is a frictionless yield generation token hard-coded on its smart contract with a charity-based NFT marketplace.
    More Info:

    #EgyptianDoge #ico #exchange #token #nft #nfts #bnb #bsc #PANCAKESWAP

  12. Chubby Inu is a new addition to the greater Dogecoin family with an emphasis on community. We want to create an environment where everyone is welcome and nobody misses out on being part of the economic revolution that is the Dogecoin ecosystem.
    Buy Chubby Inu:
    Join Telegram: @ChubbyInu
    Twitter: @ChubbyInu2

    #ChubbyInu #Dogecoin #ico #investment #nft #nfts #buynft #buynfts #bsc #bnb


  13. A community-focused decentralized transaction network
    We are a part of the newly emerging family!
    Pekker is an Ethereum Token with a burn and redistribution system. 1.8% of each transaction is burned, and 0.2% is distributed as rewards to holders automatically and in real-time. Sit back, relax, and watch your Pekker balance grow every second!
    To know more visit:

    #ico #Pekker #Ethereum #Token #nft #nfts


  14. #LevF is an Ethereum based DeFi protocol that bridges the risk limitations and the capital limitations of DeFi participants, creating additional opportunities for both.
    It is a same-asset supply and borrowing solution that addresses liquidity issues for Yield Farmers and low return issues for Liquidity Holders.
    To know more visit:
    Telegram: @levffinance8

  15. Miami Token $MIA
    The World’s First Automated Investing cryptocurrency powered by blockchain on BSC Binance SmartChain

    The Future of automated investing is here with Blockchain technology we’ve managed to create a Cryptocurrency that actually makes you comisiones on top of your investment learn more about this project on our website

  16. A bridge between E-sports and cryptocurrencies. This is the first online video gaming reward sytem protocol. That is the next 1000x Token. Make money while playing!
    To know more visit:

  17. Medicalveda, MVEDA, The First Medical Defi concept in the World, will be listed in HOO exchange on MVEDA/USDT trading pair at 16:00 on August 4, 2021 (UTC+8), Please make sure to participate the Trading competition to Win $20k USDT! check the link for details:

  18. Decentralized communications and security solutions
    PadLock, a revolution in the communications field. A DApps platform for communications and security in constant development that will allow its users to send instant messages, make voice and video calls, transfer multimedia files and send emails, accessible to everyone at no cost.
    To know more visit:

  19. ECOP Pre-launch Airdrop Event and Token Introduction

    Eco Global pursues transparent, stable and high returns by creating and designing Eco Defi Platform that can invest in the new and renewable energy industry in the carbon-neutral era.
    It is possible to provide about twice as much interest as Venus and Compound.

    ** Airdrop Event
    - Event name: ECOP Pre-launch Airdrop Event
    - Period: Aug 9 to 22, 2021 (14 days)
    - Please see below link for details and how to participate
    - Event link:

    [What is Eco DeFi?]
    - The Eco Defi platform is being developed with the Binance Smart Chain. It is divided into general Defi Lending Market, Eco Market where you can invest in new and renewable energy, and Eco NFT Market.
    - The general Defi Loan Market is a market in which cryptocurrency investors borrow cryptocurrency supplied by cryptocurrency investors.
    - Eco Market is a loan market that provides an opportunity to invest in new and renewable energy companies and offers a higher interest rate than the general Defi Loan Market.
    - Eco NFT Market issues the value of energy produced by new and renewable energy technology as NFT based on Ethereum. It will be minted.

    Defi market that anyone can stake and borrow

    Loan market for renewable energy investment that limited crypto currency can be deposited
    Market that provides high interest rates by lending with ECOP tokens as collateral

    Issuing NFTs based on energy regenerated by renewable energy technology, purchase with ECOP token and receive high rate of return

    [Eco Global Community]
    Eco Global Telegram

    Eco Global Twitter

  20. Miami Token $MIA world’s first Automated investing cryptocurrency
    To know more visit:
    Watch the Video:

  21. #Miningwatchdog Smartchain #MSC ERC20 Token, you can get all Crypto products and services under one roof.
    The MSC will be used as primary currency on the Miningwatchdog Markeplace.

    Initial coin offering:
    The MSC will be used as primary currency on the Miningwatchdog Markeplace.
    Click on Join now to Join the waitlist and we will notify you when the Pre-Sale event starts.
    #erc20 #mining #btc #bnb #nft #nfts #ico #token

  22. D.AI.SY Opportunity
    Learn about an exciting new crowdfunding project in the cryptocurrency space that smashed
    every record ever made in the referral marketing and crowdfunding industry on day one!

    ● More than $150 Million dollars raised since launch
    ● More than 100,000 people in more than 100 countries contributed to the crowd fund
    ● The biggest financial technology development project in the world today
    ● Multiple income stream opportunity

    This is YOUR opportunity to be part of history. Daisy is on track
    to be a multi-billion dollar
    project in 2021!
    To join the program and learn more click on the following link

    If you have any question or want to connect with me personally
    you can contact me on:

    Australia +61 434352772

    Happy investing

  23. Redefining The Patient Journey By Utilizing the Power of Blockchain & DeFi

    Tokenizing healthcare by leveraging the power of Defi and blockchain. Empowering
    patients by enabling them to access, have ownership of and monetize their clinical records,
    while also offering a Defi protocol for covering medical-based financial obligations.

    MedicalVeda seeks to address the modern-day challenges faced by the health care industry. It leverages
    innovative technologies such as Blockchain, Defi, Artificial Intelligence and Smart Contracts.
    Medical Veda decentralizes the access to and ownership of medical records while presenting patients with a scalable, eminently compatible, secure and interoperable platform. In addition, it allows patients and medical practitioners to get seamless lending solution for their medical-related financial needs

    We strive to create an ecosystem where patients are the true owners of their clinical record and can access this information at anytime, anywhere. We envision to contribute to the world’s health and medical industry by creating an ecosystem that would make the patient’s health data record process distributed through a decentralized blockchain so that anyone can get access to their medical record without having to go through the bureaucratic hassles.

    Medical Veda aims to be the world’s leading open-source health ecosystem for enabling decentralized
    ownership of patient data while enabling all industry players to get permissioned access to this data in a
    seamless, secure and instant manner.
    We strive to enable patients to have access to capital required for treatment anytime, anywhere.


    Enabling users to be owner of their own medical
    records, this platform provides a health portal accessible for all industry players

    A dedicated payment gateway that allows its
    holders to get direct utility to all Products and
    services within the veda ecosystem.

    Enabling all key stake holders to leverage a collaborative exchange of vital research and healthcare

    A modern-age Defi protocol enabling decentralized
    p2p lending for the health care industry. Medfin
    Veda Defi allows patient needing funds for a
    medical procedure.

    Check MedicalVeda at CoinGecko

    Telegram: @medicalveda
    Twitter: @IncVeda

  24. Bittrex Global will list CRATOS on [Date], 2021
    CRATOS is an ERC-20 utility token designed to facilitate citizen participation in the CRATOS app, a real-time live vote platform.
    [Release date], 2021 – Bittrex Global, the major cryptocurrency exchange, announced it would list CRATOS(CRTS) on [listing date].

    Bittrex Global said it would list CRATOS (CRTS) with a trading pair, CRTS/USDT. In addition, the users can start trading from [time] (UTC+8) on [date], 2021. This listing would be the Cratos’s third listing after BitGlobal(Formerly Bithumb Global) and Uniswap V3.
    Cratos is an ERC-20 utility token designed to facilitate citizen participation in the Cratos app, a real-time live vote platform that anyone can generate a vote and users can participate in the vote immediately, and the statistics of the results by gender and age would be displayed to the users to enhance the transparency of public opinion. And users can earn CRTS tokens by registration, creating a vote, leaving a comment, and participating in a vote.

    The Cratos app was designed to solve the issue that news by media and posts by online communities are biased. Sponsors of the media would have an influence on media to select the news that suits their taste. Online community users form a close community with like-minded people. With the transparency of the vote result, the Cratos will show the consensus of the public opinion. The Cratos tokens are given to the participants as a reward to promote their activities, which would lead to generating more accurate data.
    Since its launch in December 2020, the Cratos app has achieved 220K+ downloads, 40K+ users, 17K+ vote items, and 15 mins or longer daily engagement time as of [release date]. 100 billion CRATOS tokens have been initially generated, and 36% of the initial supply has been allocated for rewards.
    In 2022, Cratos is planning to expand its service to the global market.

    About CRATOS
    The CRATOS app is a real-time live vote platform launched in December 2020, and by far the app has accumulated 220K+ downloads, 40K+ users, and 17K+ vote items.

    About Pharos Labs
    Pharos Labs, registered in South Korea, is a blockchain-based company-builder to commercialize their business idea with blockchain technology and BasS(Blockchain-as-a-Service).

    Bittrex Global (Link to the listing announcement)


    David Kang
    +82 10 5287 6291

  25. The world's most endangered coin
    Buy $VAQUITA token and increase your personal wealth while participating in the movement of saving the Vaquita Porpoise!
    Telegram: @vaquitatokenofficial
    Contract: 0xeaa4c9f5ee2a4e7ad7a709e500c67d659e863fb6

    #nft #nfts #ico #ieo #token #$VAQUITA

  26. #Eclipton is a blockchain-powered Social Media platform that also offers a great opportunity to start and enjoy your freelancing career.
    Excited, right? Want to know more about this freelancing feature of Eclipton?

    #cryptocurrency #nft #nfts #blockoville #cryptocurrency #freelancer #freelancing
    #blockchain #eclipton #blogger #blogging #socialmedia

  27. #Inery is specially designed to address database decentralization. By combining #blockchain technology and distributed database properties, Inery enables data owners and users to efficiently store valuable and private information. Secure your data with the power of Blockchain technology.
    To know more visit:

  28. SOLACIT Announces Its Arrival with the New DeFi Project, built up on the Solana Chain
    To know more visit:

    #SOLACIT #defi #ico #bnb #bsc #nft #nfts #buynft

  29. Avakus, the revolutionary DeFi project and community.
    Avakus is an Ecosystem where Crypto users can Research, Stake, Trade and Manage their Tokens and NFTs.
    To know more visit:

  30. metaverse nft game Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info.

  31. play to earn I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article.

  32. Awesome article, it was exceptionally helpful! I simply began in this and I'm becoming more acquainted with it better! Cheers, keep doing awesome! New NFTs


  33. Thanks for writing this excellent blog for us. I have gained good stuff fromhis website. I am looking forward to your next blog.

    If you searching for a legit financial service .Check it out. Link below.
    Buy a card
    Unclaimed Mystery Box
    legit PayPal transfer dark web
    dark web financial services .

    Not only that, but I am happy to share this post with my friends. Keep it up...

  34. Hello there, as a newbie to crypto currency trading, I lost a lot of money trying to navigate the market on my own. In my search for a genuine and trusted trader, i came across Anderson Johnny who guided and helped me make so much profit up to the tune of $40,000. I made my first investment with $1,000 and got a ROI of $9,400 in less than 8 days. You can contact this expert trader via email : or on WhatsApp: +447883246472 and be ready to share your own testimony

  35. This is my first time visit to your blog and I am very interested in the articles that you serve. Provide enough knowledge for me. Thank you for sharing useful and don't forget, keep sharing useful info: splat midnight jade