How to make $ 300,000 on NFT?

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Rise
Posts: 15
Joined: 08 May 2021, 07:09

How to make $ 300,000 on NFT?

- Edward Fairchild bought the painting in the form of NFT from the famous artist Beeple for $ 969.
- Now the painting is worth almost $ 300,000.
- Fairchild intends to sell the work for $ 1.7 million.

An investor who bought NFT from the popular artist Beeple (the author of the work, which was recently bought for almost $ 70 million) for $ 969, earned more than 30,000% in a few months.

This investor is Edward Fairchild, one of the founders of cannabis company THC Design. Before his first purchase of digital art, he knew nothing about non-fungible tokens, and made the investment for 2 years.

“I had no idea that you can buy some kind of digital art for $ 969 , and then it will rise in price to $ 300,000. Moreover, in just 3 months, ”says the investor.

Fairchild stumbled upon the Beeple video while flipping through his Instagram feed. He was skeptical about tokenized art, but his attention was drawn to the artist's 2020 collection, which featured a wide variety of works.

Fairchild decided to purchase a painting called "The Infected Culture" for $ 969. Together with the work, the investor received a certificate of its authenticity.

Immediately after the purchase, Fairchild hoped to resell the painting for a 100% profit over the next two years. The investor did not suspect that the so-called NFT boom is developing right now, and Beeple's works in the secondary market are growing in price exponentially.

"Infected culture" already 10 minutes after the end of the auction began to cost 2 times more, and within three months the price increased by 30,000%.

Fairchild is apparently not happy with the 30,000% profit as he put the painting up for sale for $ 1,688,888.
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Ilona
Posts: 22
Joined: 08 May 2021, 05:40

Re: How to make $ 300,000 on NFT?

As they say, if you want something, you can fly into space. Here that phrase comes in handy. If people have the means to buy such paintings, then they need it and they see a perspective in their purchase. But here the other side is interesting. This can be simply from greed and not from the fact that you want to buy a painting in the long term, and then put it up at exorbitant prices.
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Bazyka
Posts: 26
Joined: 24 May 2021, 17:37

Re: How to make $ 300,000 on NFT?

Ilona wrote: 14 May 2021, 07:33 As they say, if you want something, you can fly into space. Here that phrase comes in handy. If people have the means to buy such paintings, then they need it and they see a perspective in their purchase. But here the other side is interesting. This can be simply from greed and not from the fact that you want to buy a painting in the long term, and then put it up at exorbitant prices.
Why not? If people see in this some kind of wholeness or some kind of interest, let them buy. And they are happy and selling in such a decent plus turns out.
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Torn
Posts: 17
Joined: 08 May 2021, 10:10

Re: How to make $ 300,000 on NFT?

It's just that everyone really wants to invest money somewhere. In fact, now the capitalization of a lot of things is inflated to an inadequate size. Fund, crypt, gold, real estate (here xs, in fact) - everything is at the maximum. In general, it seems to me here the same as with paintings and crypt. Mafia, Koreans and other "funny" guys used it to drive money safely, then speculators got involved and off we go.
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Atamos
Posts: 38
Joined: 08 May 2021, 10:07

Re: How to make $ 300,000 on NFT?

Torn wrote: 25 May 2021, 04:30 It's just that everyone really wants to invest money somewhere. In fact, now the capitalization of a lot of things is inflated to an inadequate size. Fund, crypt, gold, real estate (here xs, in fact) - everything is at the maximum. In general, it seems to me here the same as with paintings and crypt. Mafia, Koreans and other "funny" guys used it to drive money safely, then speculators got involved and off we go.
I agree. The whole situation looks like a huge bubble, so much money has been printed that they invest in everything, and if in the near future humanity does not come up with some really large-scale thing in which you can burn money usefully, then pzdts will happen
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