The NFT Craze Hasn't Started

I am moving funds into NFTZ. It tracks the performance of other NFT companies and weights based on performance and size. It's the easiest way to enter NFT without making one...yet.

Taking a step back, think of how stupid yet genius the concept is. Everything is on our phone and the younger you get, the more digit your world is. For example, my Nonna is 87. No smartphone, all cash all the time, she has never used the internet, watches local TV channels and her Italian News (Rai). Technology to her is stupid and wastes time. Is she wrong? No, but also not right. It's simply a sign of age and the times.

Now take my 16 year old brother. Phone everywhere, iPad for textbooks in school, car has "smart" features, apps for everything, no TV because of YouTube and streaming, and his sports are all integrated with video and stat tracking programs. His world is all technology, all the time.

Think of NFT and what the goal target is. It isn't my Nonna or my parents. It is those who love technology, aka every person under 40. Their market is huge, global, and all virtual. Win - Win - Win.

I thought NFT at the start was dumb. Virtual sports cards and highlights? Virtual tweet screenshots? Virtual rights to a painting? I want the real thing! Who gives a shit if you show them the crypto token blockchain to the Mona Lisa since it is sitting in the Louvre. You do not own it!

But this isn't NFT. That is traditional buying and selling. Imagine the first person to use money and how dumbfounded people must have been. "He isn't giving up any rice for water?? What an idiot!" NFT is simply an asset exchange platform and currency. It is evolving us into a new century of transferring assets.

And this is the financial literacy lesson for the day. Do you really care if you have 300 in Venmo or 300 in cash? Of course not, the value is identical! NFT is another way to transfer assets. The rich understand this; it is all about accumulating assets and increasing your net worth then exchanging said assets for more using whatever medium you think will appreciate in value.

NFT is another future exchange platform and way to grow your assets. It is never about physical possessions but rather the value of your portfolio. Always has been, always will... at least for those at the top.


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