D24: NFT's Investment Opportunity or Scam?

Published: June 11, 2022, 12:17 p.m.

What are NFT's and why should investor's pay attention? \n\nDo your kids play video games or navigate online? \n\nLet's start with the relationship between Metaverse and the Blockchain. \n\nTokens are byproducts of the Blockchain and the digital age. The space is growing rapidly and token utilization expands to commerce. \n\nWant to join the Metaverse you'll likely need some tokens. \n\nThe world of the Metaverse seems foreign for many and most people don't understand it. \n\nKids play games online, we navigate our lives via our phone, we consume content online. Tokens are in a sense the digital currency of the future necessary to navigate the online world. \n\nWe are distinct and unique individuals. \n\nTo demonstrate our customized experience online tokens give us an opportunity to do just that. \n\nBut, tokens also have commercial and business use. \n\nTherefore tokens like NFT's should be studied. From an investor perspective tokens provide an endless potential of broader diversification. \n\nDiversification beyond traditional asset classes. \n\nThis is where things get complicated. Where there is noise there is bound to be criminals mixed in with opportunity. \n\nTokens are another opportunity of the digital space. And, the space is growing rapidly. Like all investments, due diligence needs to be at the top of the list before you decide to participate. \n\nI'm focused on the commercial use of NFT's and how this transcends into commerce. \n\nAs a financial planner I want to study the space and see how it can benefit my clients. \n\nLike all investments my suggestion is simple measure two or three times cut once. \n\nTherefore, trust but verify. Repeat the process. \n\nThe future generation is online therefore the future consumer will interact with online commerce in a different way. \n\nIf the future of commerce is online we need to understand the Blockchain and tokens. \n\nThe news headlines make a mockery of the commercial utilization of tokens. \n\nIt's not about NFT's or buying digital kitties. It's about understanding how the future consumer will navigate the online world and spend their money. \n\n\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/joesotoproject/message