A quick inventory of NFT these financial play money models

NFT was born in early 2018, and after three years of development, the technology is gradually landing in the fields of art, design, game development, music and writing, and is gradually forming a wave of financial innovation.

NFT was born in early 2018, initially as a niche app for collecting digital cats within a community of cryptocurrency lovers. After three years of development, the technology has gradually landed in the fields of art, design, game development, music and writing, and is gradually forming a wave of financial innovation.

In this issue, we will mainly talk about several financial plays of NFT as a way to get you better involved.

The first is the mortgage play, since 1980, banks have allowed traditional artwork as collateral for lending, and Deloitte estimates that the global value of art secured loans in 2019 is $21 to $24 billion.

The most widespread application of NFT is currently crypto-digital artwork, which Rocket Lending also tried in early 2020, and NFTfi has about $22.5 million in loans to date. However, the collateral value may still have to be valued through a licensed appraiser or platform.

The second is financing, where a writer named Emily Siegel raised about $50,000 for her next novel, worth 25 ETH, and gave away 70% of the work in the form of tokens that represent partial ownership of NFT, with the token holders entitled to a pro rata share of the profits.

Another New York Times column for NFT was recently sold for $560,000, which is also a much higher return than the company could have made on that ad, a new form of investment.

A quick inventory of NFT these financial play money models

The third is royalties, which can be applied to content other than digital art and music. For example, the “Rebel” dance on Jitterbug made Charlie D’Amelio an overnight sensation, benefiting both Charlie, who has more than 112 million followers, and Jitterbug, but the person who created the dance, a 14-year-old girl, did not receive recognition for her work.

And NFT can solve this problem by offering to tokenize such content and provide financial help to the creator when it is monetized. In the future, athletes, dancers, photographers and other creators could tokenize their copyrighted content directly through NFT and receive credibility and compensation for their work.

The fourth is split ownership, and fractional ownership is an effective way to make assets mass available, which can be developed along with property Reits. Digitizing land or houses, the divided assets are made into NFT assets, which serve as a kind of credentials and their owners can get the corresponding income and equity.

A quick inventory of NFT these financial play money models

In addition to the above models, there are other models that will not be described, and the different models of NFT can all be integrated and developed. Then in the next few years, we are also very willing to work with good institutional organizations on a series of experiments around these models together with developers, creators and communities to explore how to work together to put these models into practice.

If you have some ideas and thoughts on the cryptocurrency space, please feel free to get in touch with us to discuss collaboration.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/a-quick-inventory-of-nft-these-financial-play-money-models/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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