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Whats up party people?

The crazy thing about this blog experience so far is that I don’t have a clue who is looking at this and whether or not they’re enjoying it. Unlike Twitter. where you know pretty damn fast whether people like it or they don’t.

On that note, please drop a comment for me below and tell me where you’re from and what’s your favorite asset to invest in! I’d really appreciate it.

Tonight I want to briefly discuss NFT’s because it’s been such a hot topic lately. And I think that there are some major misconceptions out there.

First of all I will say that the NFT market is ridiculously inflated right now due to the significant price increase of ETH (Ethereum) in the last few years. Early people in cryptocurrency had thousands of these coins because they were only worth $10 at the time (think about the guy who paid 10,000 bitcoin for a pizza). Fast forward a few years and ETH is being purchased for over $4,500 USD. That alone is absolutely insane and that’s not even it’s all time high. Anyways, lots of people had a shit ton of ETH and that’s what’s been flying around the markets. And there’s also some shady stuff that goes on with people buying and selling with themselves to create fake demand.

But we have only seen about 1/100000 of what NFTs will be. Right now we are seeing digital cartoons of stoned cats being sold for millions of dollars. It’s kind of a joke. But at the same time, people are having alot of fun with it. There are also some NFTs on the market that come with additional “perks”. This is such a cool concept to me. Being on the blockchain, an NFT eliminates the ability to create fake access. In a few years, every ticket you purchase to any event (in the real world or in the metaverse) will be attached to an NFT.

NFTs are going to replace patents as well. Instead of having to go through the government and have the ability for humans to interfere, you will be able to create an NFT, and you will control who gets access to it. Through smart contracts, you will also get a percentage of every sale for the rest of time. Think about the impact this will have on the music industry. See ya record labels!

NFTs will eliminate the middle man.

Think about the process we have right now. Companies order clothes, clothes is produced in China, clothes are shipped to across the world to these companies, companies to retailer, retailers sell to us.

Now think about this. Someone creates an NFT of a clothing design. You send it to a local 3D printer and it’s created within a couple days. And eventually you will have your own 3D printer.
In the short time, your local 3D printing center will be able to create a design from an NFT that you purchased. In the longer term, you will have a 3D printer in your house, you will pay to use the NFT (patent), and it will print it for you on the spot.

We can basically do this all right now. The technology is already here.

The only thing getting in the way are the people who profited in the old system.

Sorry this turned out to be longer than expected. Ah well. Hope you got something from it.

Peace and love!