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What Is Conor McGregor’s Net Worth?

When people joke that one of the letters in UFC stands for your first name, it’s clear that you’re an incredibly big deal. Since the first time he stepped into the octagon in April of 2013, he has surpassed names like Brock Lesnar, Ronda Rousey, and Jon Jones to become the biggest name in mixed martial arts, by a long shot. His pockets reflect it too. Up until recently, Conor McGregor boasted a net worth of approximately $120 million.

However, on April 27th, McGregor sold his majority stake in Proper No. Twelve Irish Whiskey for $600 million; his business partners, Audie Attar and Ken Austin, received part of that lump sum, so McGregor’s exact net worth increase is unknown at this time.

Depending on how much he made off the sale, McGregor’s net worth is somewhere in the $200-700 million range as of late April.

Big purses

Despite entering the UFC with a legion of dedicated fans already, Conor McGregor first fought on the Facebook prelims on a UFC on Fuel TV event. He and his opponent Marcus Brimmage were set to make the same amount of money that night, $8k to show and $8k to win. Conor McGregor made quick work of Brimmage, though, earning him a $60k Knockout of the Night bonus and taking his pay up to $76k. It’s not the kind of money that retires you, but it is the kind that means you don’t have to be on social warfare, which is what Conor was collecting up until the week before the fight.

Conor’s contract money increased incrementally in his next couple of fights until he fought Dustin Poirier the first time around. For that fight, he made a total of $200k, split up into $75k show money, $75k win money, and a $50k bonus. Skipping forward slightly to fight Chad Mendes for an interim world title and to fight José Aldo to unify the belts, Conor made close to $600k both times.

His first million-dollar purse came when he moved up to Welterweight for the first Nate Diaz fight. He was guaranteed $1 million on the night. For his next four fights against Diaz, Eddie Alvarez, Khabib, and Cowboy, Conor was guaranteed a staggering $3 million. For his most recent rematch against Dustin Poirier, the Irishman made his biggest guaranteed money in MMA to date, at $5 million. Of course, none of these include the millions he certainly made off of his share of the pay-per-views.

MMA aside, we all know that Conor’s biggest fight purse came from his one and only professional boxing match. Not including sponsorships and PPV points, Conor was guaranteed $30 million for that night’s work against Floyd Mayweather. It’s 30x more than most fighters even dream about making.

Proper 12

In 2018, Conor McGregor entered the alcohol business and founded Irish whiskey distiller Proper No. 12. It was a big talking point in the lead-up to his fight with Nurmagomedov because he was drinking it at the infamous pre-fight press conference, and it was one of the advertisements on the octagon at UFC 229. Since then, it has been made available in many countries worldwide, and with Conor’s name attached to it, it has done incredibly well. In its first year, it boasted sales of more than $40 million.

Earlier this year, Becle acquired 51% of Eire Born Spirits. We found out then that it was valued at around $235 million. It was reported that off of this sale, McGregor made a little over $100 million.

As mentioned above, McGregor sold his majority stake in Proper No. Twelve Irish Whiskey for $600 million in late April, but his business partners Audie Attar and Ken Austin received part of that lump sum. Depending on how much he made off the sale, McGregor’s net worth increased by somewhere between $100 and 600 million based off of this news. He will remain involved with the whiskey company as a brand ambassador.

Sponsorships

When you have the eyes on you that Conor McGregor has, it’s no secret that companies will want to attach their names to you. Forbes reported that in 2018, McGregor re-signed a deal with Reebok that was set to earn him $5 million that year. The same year, the Irish superstar signed a deal with Monster that was worth multiple millions, according to multiple reports.

Conor has also signed deals with Beats By Dre, David August, BSN, and HiSmile, amongst others. But perhaps his most famous endorsement came when he became the face of Burger King. It made him the butt of some jokes from Tony Ferguson and Khabib Nurmagomedov, but the money he made from it was likely no laughing matter.

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Some Thoughts on Bitcoin’s Recent Price Volatility

Note: This article is not intended to be formal financial advice; always do your own research before investing.

Bitcoin hit a 40-day low of $47,272 on April 25 after an impressive run to start the year. And like every dip, bears are out of hibernation again, telling us Bitcoin reached its peak. But I’m not worried about the recent price drop.

The downturn began after Turkey banned Bitcoin payments, highlighting concerns about government crackdowns on cryptocurrencies going forward. The price drop prompted realistic concerns about Bitcoin’s future outlook. But have we really reached peak levels?

Let’s take a closer look at Bitcoin’s historical data. It’ll show us why we are on the verge of another bull run.

Bitcoin trends since 2017:

Bitcoin has made about four major jumps since 2017. Obviously, there are different ways to define a “jump”. For this exercise, we are going to look at instances when Bitcoin pumped over 100% growth within a period of a few weeks.

https://www.coindesk.com/
Coindesk

In 2017, Bitcoin had a historic year. It doubled in just four weeks from April to May and then exploded in the fall, jumping from around $3,000 to a whopping $19,000/coin. We all know what happened next. Bitcoin plummeted back down to $8000, then landed and stabilized around the $6,000 mark for most of 2018.

The next major push came in the summer of 2019, when prices quadrupled in a matter of weeks. After reaching a peak of $12,000 in that bull run, prices fell as low as $7000. This was about the price of Bitcoin when the COVID-19 pandemic began.

Through the first four months of the pandemic, Bitcoin rose around 100% as governments around the world printed trillions of fiat dollars to keep up with a flattened global economy. 22% of USD in circulation was printed in 2020 alone. Most notably, Bitcoin redefined itself in 2020 as more than just a tool for financial crime. Suddenly, it became a legitimate, viable world currency after years of criticism.

Bitcoin’s latest push came faster than ever before. After a quiet few months, Bitcoin grew from $11,000 to $40,000 from the end of 2020 into 2021. Prices dropped to $30,000, before quickly doubling to $60,000. If we are playing charts, we may be at the back-end of another drop period… with a bull run on the horizon.

The difference between 2021 and 2018 Bitcoin:
Jared Wolf / imgflip

Based on historical data, Bitcoin took about 12-18 months to reach its next macro-level bull run after hitting a peak. But this is not the same Bitcoin we knew in 2018.

Over the last few months, thousands of old-world portfolio managers embraced crypto. Heck, BTC has become a ticker mainstay on CNBC. Whoever thought that would happen? But the interesting thing is, none of these people embraced Bitcoin because they wanted to, they embraced it because they had to. “Follow the money”.

Major companies like Square and Paypal use Bitcoin to store cash reserves and enhance their user experience. In March, the Dallas Mavericks (led by Mark Cuban) announced they would be the first NBA team to accept Dogecoin for tickets and merch.

TL;DR: The crypto market is nothing like it was three years ago. It’s like comparing 2008 Facebook to 2016 Facebook.

On the verge of a Bitcoin bull run:

All the indicators point to another bull run for Bitcoin. I’m not worried about this price drop. In fact, if you are one of those people who missed the boat on BTC completely but don’t want to dive into the volatile, confusing world of altcoins, this may be a good time to jump in.

There are a lot of bears in the media saying this may be the end of a historic run. But they have been saying that since 2013, and they’ve been wrong every time.

I’m not a Bitcoin maximalist, per se, but I think we are nowhere near hitting its true, long-term value. Bitcoin is now backed by powerful market forces, even if a few governments seek to halt its growth.

With a finite supply available, Bitcoin has serious appreciating value as a cash reserve for businesses. Digital payments are more frequent, transactions are getting faster and more reliable, and the prospect of exchanging crypto in everyday purchases will become more and more normalized.

Put simply, Bitcoin is still undervalued. It’s hard to say that, especially when it’s jumped over 500% in a matter of months. Still, as more legacy brands look to adopt crypto into their business models, Bitcoin, millions of which are lost forever, has some room left to grow.

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What Is Mike Tyson’s Net Worth?

Whether or not you know the first thing about boxing, you know exactly who Mike Tyson is. One of the better Heavyweight boxers to ever grace the ring, he’s lived 5 lifetimes worth of success and turmoil. Over his long career, he’s made hundreds and hundreds of millions but as of 2021, his net worth is estimated to be just $3 million. This is due to bizarre spending habits, being cheated out of millions, bad deals, and more. But how exactly did it all happen?

Fight purses

Tyson got paid a wide variety of purses throughout his career, but since winning the WBC Heavyweight title against Trevor Berbick in 1986, his guarantee has been no less than $1.5 million. The first time he made $10 million was in his first fight in Tokyo against Tony Tubbs, though, of course, the second time is far more famous. Off the back of the Tubbs fight, he then made a whopping $20 million to fight Michael Spinks to add The Ring Heavyweight Title to his belt collection.

The biggest purses of Mike Tyson’s career didn’t come until the mid-1990s. For his rematch with Frank Bruno, where he regained the WBC Heavyweight title, his WBA heavyweight title win against Bruce Seldon, and his pair of consecutive losses to Evander Holyfield immediately afterward, Tyson earned a massive $30 million each and every time. That’s $120 million from March of 1996 to June of 1997.

All in all, it’s widely reported and believed that Tyson made $400 million over his professional boxing career from his fight purses. But of course, the word “made” is disingenuous. It must be said that Tyson was never earning anywhere close to his entire fight purse.

Before deducting for expenses, Don King received 30% of all of Tyson’s fight purses. Rory Holloway and John Horne also received a hefty percentage, meaning Tyson was left with just half of his own money before paying taxes and bills. When it came to the hundreds of millions he reportedly made off of endorsements, he also only ever received half of the money, at most.

Don King was robbing Tyson. He charged Tyson everywhere he could. He was accused of paying $200k to his wife and kids per Tyson fight and $1,000 weekly to his daughter because she was the President of Tyson’s fan club. In 1998, Tyson wised up and sued King for $100 million. They settled out of court, with Mike winning $14 million—a handsome sum, but far from justice served.

Cameos

With the level of star power that Mike Tyson has had for decades now, having him as part of your franchise has always brought some extra eyes to it. His famous appearances in The Hangover films reportedly brought him $300k in total. While that’s good money for the amount of work he did, the Hangover franchise topped $1 billion and he was one of the least paid ‘main’ characters in the films.

When he appeared at WrestleMania XIV in 1998 as the enforcer for Shawn Michaels and Steve Austin’s main event match, he was paid $3 million.

Business ventures

For a few years now, Tyson has been selling cannabis products after people around him telling him it made him a better person and him wanting to help others through it. Today, Tyson is believed to be making $1 million monthly from the Tyson Ranch.

Tyson also hosts one of the more popular podcasts in the space with Hotboxin which, though there are no official numbers on, is certainly one of his most lucrative ventures in 2021. 

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Alternative Investments: The Fractional Ownership Apps To Look Out For

Fractional Ownership is a method in which people can invest in a percentage of an asset while sharing in the benefit. The cost is split between the individual investors. 

Alternative assets, such as trading cards, cars, comic books and wine are now viable investment opportunities. To give context on alternative investing, the S&P 500 Index has appreciated 160% from 2008 to December 2020. The PWCC100 Trading Card Index appreciated 392% and The Blue Chip Automotive Index appreciated 283% during the same time. Both alternative markets appreciated more than the traditional market. The innovation towards alternative investments is happening right now. Fractionalization of assets is a new avenue of investing that opens many doors. In this article, we will dive into a few companies at the forefront of this movement: RallyRd, Collectable, Dibbs and Otis

1. What is Rally Rd.?
Rally Rd.

Rally is a platform that turns alternative assets into stocks and allows people to invest in premium quality collectible assets through a simple platform. When creating a Rally account, it is similar to opening a brokerage account via Fidelity or Robinhood.

Rally sources the most notable blue-chip alternative assets in the world, such as trading cards, cars, comic books, watches and wine. They then turn each item into a “company” via SEC qualifications. After the paperwork is done, the “company” is split into equity shares. The shares are sold via Rally’s app.

Next, they host an IPO, where investors can purchase shares of the asset offered. Also known as the funding stage, the process is similar to buying shares in Apple or Microsoft. Ninety days after the IPO, shareholders have the chance to either sell or buy more shares. You have to wait approximately 90 days after the IPO ends to transact on your holdings. This is something you must take into consideration because it’s not the most liquid way of investing.

Rally provides the chance to invest in alternative assets in a way that is simple, understandable and efficient. Alternative investments are here to provide diversity to your investment portfolio, not replace your existing portfolio. Examples of Rally offerings include: 

1999 1st Edition Charizard PSA 10

1976 Apple 1 Computer

1776 Declaration of Independence

While these are a wide variety of items that you do not see every day, there is risk involved here. You must do your own due diligence. It will be interesting to see how the next 10 years plays out in the collectible space. Rally gives you the opportunity to be a part of the action! 

2. What is Collectable?
Collectable

Collectable is another fractional ownership company that hosts investment opportunities exclusively in the sports cards and memorabilia market. Similar to other fractional ownership companies, Collectable provides access to some of the most rare and significant collectibles in the sports world. When an asset is split up into shares, the entry point for most users is accessible compared to paying full price for the entire asset.

This solves the issue of accessibility for many sports collectors and investors. Every asset on the app is valued at over $20,000. To make this happen while having variety, they sometimes create “baskets” of similar assets. An example of a recent “basket” contained two 1959 Topps Willie Mays PSA 9 cards, valued at $24,000 ($12,000 per card).

Other examples of recent offerings on the Collectable app include a 1998 Tigers Woods tournament used putter, Emmitt Smith’s 1993 & 1994 Jim Thorpe Trophy NFL MVP Awards, and Mookie Betts’ 2018 MLB Gold Glove. 

Another one of the unique features that Collectable offers is the ability to share the stories of the items via their app, which keeps the items relevant. We recently had an opportunity to visit with the legendary Sports Immortals collection that is exclusively offered on this app, whose owner Joel Platt told us that he chose to go with Collectable specifically because of their emphasis on storytelling.

3. What is Dibbs?
Dibbs

Dibbs is an app where sports bettors and card collectors can coexist. This app is a 24/7 marketplace for buying and selling fractions of sports cards. So far, Dibbs has a limited number of investment vehicles, all of which are sports cards.

On Dibbs, users can purchase tokenized representations of physical sports cards called “Card Tokens”, who then can trade them within the app. The tokens exist and are transferable on the Ethereum blockchain. This process is similar to how NFT’s work, except Dibbs backs each “Card Token” with the physical card. The physical cards are held in PWCC’s vault, or by a third-party custodian.

Dibbs solves the issue of liquidity. Being able to buy and sell fractions of sports cards, at any time, gives you the opportunity to trade cards based on performance and news. The “Card Tokens” solve the issue of liquidity. I would relate Rally & Collectable to your long term traditional IRA, and Dibbs to your short term, risker, day trading brokerage account.  

4. What is Otis?
Otis

Otis is the stock market for cultural assets, turning sneakers, sports cards, comic books, video games and art into stocks. Each asset on the platform has been confirmed with the SEC and split into shares. You can buy and sell shares 24/7 similar to Dibbs, which gives users a lot of access.

Otis opens assets for trading approximately 3-4 weeks after they fill in pre-sale. At this time you are able to place asks and bids – buy or sell your shares. What’s unique to Otis is how diversified you can become within one app. They have a variety of alternative investments under solid categories.

There are two ways to buy shares via Otis: pre-sale which is an IPO of an asset, funding stage. This occurs throughout the week with different assets, at 12pm est. The second way to buy shares is through trading, this is the process of buying shares of the pre-fill.

Some examples of assets that are offered on the Otis app include:

Lionel Messi 2004 Panini Sports Mega Cracks Barcelona Campeon PSA 10

Nintendo World ChampionshipWata 8.5, Grey Cartridge, NES

3 Pairs of Original 1985 Air Jordan 1 Sneakers

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Get to Know CryptoStache: A Beacon of Information In The CryptoVerse

Navigating the wide world of cryptocurrency can be quite daunting for newcomers. You can do all the Google searches in the world for the terms Basic Attention Token, NFT’s, Ethereum, etc. But without proper guidance, you’ll quickly find yourself overwhelmed by the constantly evolving crypto space and its latest trends.

If you’re desperate for a savior to make sense of all this, then allow us to introduce you to Shea Newkirk aka “CryptoStache.” The crypto guru runs a personal blog where he gets into the nitty-gritty of all things bitcoin and crypto. Besides offering readers a treasure trove of worthwhile advice to follow, CryptoStache also dishes out useful information and insightful podcast sessions on his growing YouTube channel. 

To say that CrytpoStache is a man of many talents would be a severe understatement – his Twitter bio describes him as a bitcoiner, blockchain gamer, content creator, entrepreneur, musician, and designer. And he sports a pretty sick handlebar mustache to boot. His cryptocurrency knowledge reaches far and wide, which is why our very own Tyler Schmitt spent some time picking his brain and learning about his interesting backstory.

Tyler kicked his conversation with CryptoStache off by letting him provide us all with a brief breakdown of who he is and what he does in the crypto world. “All NFT roads lead back to ‘Stache. That’s how I set it all up, guys. For years, I’ve been laying the tracks and now the time has come. I’m all about stashing my crypto. And the tagline is not just clever, it’s literally what I built my educational platform on from the very beginning when I first started doing it. It’s an underlying ethos to what I’m doing here in crypto. I got started in the industry in really 2013, is when I really slowly took a look at Satoshi’s [Nakamoto] [The] White Paper. And that’s when it was like BOOM!”

CryptoStache went on to explain how he initially got put on to the cryptocurrency scene. “The first time was like early 2012 and I was just surfing around on Reddit’s and news forums out there. And I saw a link where someone was talking about magic internet money. And I was like ‘that’s weird. Magic bitcoin money? Alright…’ So I clicked the link, go to the website, and it’s like right there. Hey, buy Bitcoin!”

Tyler then asks if CryptoStache considered himself a techie at that point in his life. “I’ve been a techie my whole life. I started building computers when I was like 14 years old. I taught myself how to code at 16 and do graphics, HTML, and all that good stuff.” CryptoStache also delved into his teen years and noted how he didn’t look like your average nerd. “I look cool. I don’t look like a nerd. I was always good at really hiding it. Because in high school, that was not the cool thing. I did sports too, so when I’m at home I’m computing. It was a crazy kind of juxtaposition.” As the interview goes on, CryptoStache covers a wide range of topics, such as his working past in the field of architecture, his crypto know-how, and his interest in blockchain gaming.

Be sure to listen to the full conversation between Tyler and CryptoStache to fully immerse yourself in all the goings-on playing out in the cryptocurrency medium. And do yourself a favor and give CryptoStache a follow on Instagram and Twitter.

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How To Buy Ethereum, A Beginner’s Guide

When the pandemic hit around a year ago and people found themselves at home with nothing to do, one of the first things on people’s minds was investing. After crashing due to the uncertainty of the pandemic, the stock market began booming with the amount of money people were throwing in and stocks like Tesla made it feel like you were printing money. Bull runs galore.

Towards the end of last year, the surge of the price of Bitcoin got a lot of people interesting in investing in it along with other cryptocurrencies. Unfortunately, that process isn’t as simple as putting some money in an app and buying some coins. There are security measures that need to be taken, like owning a wallet, and many coins cannot be purchased with a fiat currency, i.e., your dollar.

That’s where Ethereum comes in.

What is Ethereum?

Ethereum is essentially a platform for decentralised applications. This means that it gives you the opportunity to run your application on servers around the world as opposed to a server from Amazon or Google. In the world of crypto, Ethereum is considered by many to be as good of a buy as Bitcoin, if not even better.

How Is Ethereum Different To Bitcoin?

Ether, or ETH for short, is the currency of the Ethereum network. It’s similar to Bitcoin in many ways, some of those being that they’re both decentralised, digital currencies on a blockchain. However, the differences are key. Bitcoin, a coin created in 2009, was created to be an alternative to fiat (i.e. government issued) money like the dollar, pound sterling or the euro. Ethereum, a token established in 2015, was made to be a platform for any digital contract to be both permanent and decentralised. What Bitcoin attempts to do for money, Ethereum attempts to do for contracts.

Though you’ll hear them mentioned together a lot, Bitcoin and Ethereum aren’t so much in competition with one another as they complement each other.

How To Buy Ethereum
Finance Magnates

If you’d like to take the plunge and purchase some ETH, there are a few ways you can go about doing it. With the instructions we’ll take you through today, we’ll go with the combination of the best, cheapest, and most safe route.

Step 1: Download Brave
Brave

If you want to go ahead and purchase ETH and access your digital wallet on a browser like Safari or Chrome, you’re more than welcome to and aren’t likely to run into any problems. But if you want to take every precaution possible, we recommend downloading Brave, a fast, private, and secure browser.

Step 2: Create an account on an exchange
Coinbase

One of the most daunting steps of purchasing any coin or token is choosing which exchange you do it on. Each one has its own set of vast pros and cons, and that makes making a choice that much harder. Kraken and Gemini (especially ActiveTrader) are solid options, but for this guide and the purpose of simplicity, we’ll use Coinbase. It’s the most popular option and a great entry point.

Creating an account can seem like a longwinded process. You’ll have to take a picture of some ID, wait for it to get approved, and then wait for your funds to be transferred over from your bank account. This can take anything from a few minutes to a few hours, but it’s worth waiting for.

Step 3: Install a digital wallet
Metamask

Unlike purchasing a share of a company on a brokerage, any coins or tokens you purchase will have to be stored in a wallet, and ETH is no different. There are two kinds, hardware wallets, and digital wallets. The former is a physical wallet that you can keep and the latter, as the name implies, remains online.

We recommend MetaMask because as well as being a secure and reliable option when it comes to digital wallets, it’s also completely free.

The most important thing to emphasize here is that you take your seed phrase seriously, which means store it somewhere safe. A seed phrase is a string of 12 random words that act as your skeleton key for your wallet. If someone has access to your phrase, they have access to your ETH.

Step 4: Purchase ETH and send it to your wallet
Coinbase

Now that everything is set up and in order, it’s time to actually go through and purchase ETH. Don’t stress the amount too much. Even though, at the time of writing, one Ethereum token is roughly $3,287.49 (at the time of writing), you can put in as much or as little money as you like.

Last but not least, after making your purchase, you’ll need to send your ETH to your MetaMask. When you click the MetaMask extension in your browser of choice, you’ll see that underneath where it says Account 1, there are a series of numbers and letters that you have the option of when you hover your cursor over copying to your clipboard. Go ahead and do that and under Send on Coinbase, paste it in the Address section. Once you go through with that, you should see your ETH appear in your wallet in no more than a few minutes.

Step 5: Hold

Congratulations, you just purchased Ethereum. From here you can either hold or use it to purchase an altcoin that you couldn’t buy with USD.

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Beeple’s “Everydays — The First 5000 Days” Sells For Nearly $70 Million

If you haven’t started investing in, or even learning about NFTs, now would be the time to start doing so. Mike Winkelmann, aka the digital artist Beeple, has sold his piece “Everydays — The First 5000 Days” for $69.3 million, shattering the record for digital artwork sales and making it one of the biggest sales in the history of Christie’s Auction House.

For those unfamiliar with NFTs, here is a comprehensive breakdown of the phenomenon and how these “non-fungible tokens” are a potential gamechanger in not just the world of finance but also the arts, culture, gaming, and beyond.

“Everydays — The First 5000 Days” is a JPG file that contains a collage of images that was created by Beeple, so while most art sales are for one single painting, this contains practically everything that the artist has created since he first began posting his work online in 2007.

Beeple is known for creating surreal pieces of art that reflect the culture of the time, whether that be politics, culture, music, and everything in between.

This is also not the first time that Beeple has made a killing from an NFT sale. Back in February, his piece “Crossroads” sold for $6.6 million in Ethereum. It’s clear that people love Beeple’s work and see that it has more value than one might think at first glance.

In another first for Christie’s, “Everydays” was the first NFT sold by the auction house and was also the first piece to be purchased using Ethereum.

Just yesterday, the NFT called “Crypto Punk 7804” was sold 4,200 ETH, which is the equivalent of $7,566,173.88, thought to be the largest transaction involving NFTs up to that point.

If that sale and today’s auction of “Everydays” is any indication, it’s the world of NFTs and digital art will constantly be in flux, and this sale might not be top dog for long.

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How A Mother of 3 Transitioned From the Traditional Art World to NFTs

I have been an artist for over 20 years. I work in various mediums and styles, everything from painting surreal themes in airbrush and acrylics to realism portrait work in oils. I know full well the struggle to make a living in the art world. That feeling of being told no and having to hustle to sell a work when no one will back you. 

Commissioned work and taking my art to fairs or festivals became the norm for me. As a homeschooling mother of 3, helping my husband run a construction business while trying to be an artist, I often felt exhausted and burnt out.

While my husband and I were investing in cryptocurrencies, we quickly learned what the meaning of rekt meant during 2018. After losing a good chunk of money, my husband wanted nothing further to do with it, leaving me to do as I wanted with what was left over. I was reading and keeping up with Twitter feeds on various tokens when I stumbled across a random tweet by an artist that spoke about NFT art and cryptoart. This piqued my curiosity and down the rabbit hole I went. I researched everything I could on what exactly these terms meant. 

When I decided to try to become a cryptoartist, I had a few initial frustrations going from traditional art into this new world:

A. Where do I mint? 

B. What do I mint?

I started applying to platforms which felt very much like the traditional world of approaching galleries. I didn’t have a digital portfolio nor a large following, leaving me feeling like a fish out of water. I found other ways to connect with platform founders rather than just the applications, such as in discord channels and telegram chats. While I waited for responses, Rarible proved to be the most valuable aid in my jump to NFTs. It was open for any one, all I needed was a wallet. I wasn’t sure about what I was getting into at the time, but since minting cost less than a dollar I had nothing to lose. 

The next step was, what do I mint? I initially thought I could make a digital asset to my own physical paintings, however, the timing was not right for this aspect yet. I knew I had to learn how to create digital art, something I had never even given a second thought to before. I had just gotten an iPad Pro; it was time to put it to work. I made a couple crude works quickly, just to test the waters. To my surprise they sold immediately. I was dumbfounded that people really were buying them. I tested some other works and once again they were selling. I was suddenly infused with enthusiasm! As if a light bulb turned on, I suddenly realized the massive potential before me. I could still be at home with my children whilst pursuing an art career. It gave me a sense of relief to know I could do both without having to put being an artist on hold for years, something many traditional artists have had to do.

There are many things I have learned since that first fearful step into NFTs, but I would absolutely tell every artist thinking about it that the road is worth taking.

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Why I Believe in NBA Top Shot

NBA Top Shot is the fastest growing peer to peer marketplace we’ve ever seen. Half a million people have poured onto the site in the past 6 months. $100M+ in transactions have taken place. NBA Top Shot is undoubtedly the new thing on the block. 

But can Top Shot sustain this success and grow in the future. I’m here to say, YES. Here are some reasons why I believe in the platform:

1. NBA Top Shot is the fastest growing “peer to peer” marketplace we’ve ever seen.

In just a few months, we’ve seen the user base increase 100x and the appetite for the product is untouched by any platform I’ve ever seen. Top Shot is being organically covered by outlets like ESPN and Bleacher Report, and NBA players have next level engagement with the platform themselves. While there have been many site issues, take a step back and look at the insane success through just 6 months in their beta product.

2. The relationship and license with the NBA and the player’s association.

The NBA and their PA receive a cut on every transaction, therefore they are extremely incentivized to continuously promote this product as opposed to a physical card—where after it’s been printed, they receive no money. It has become clear that Top Shot is going to become a MASSIVE revenue builder for the league. Following the 2020 campaign, the league was searching for another revenue driver. They believe they have found their next hit. An example of the NBA’s over the top integration into Top Shot is the league’s decision to announce the rosters for the Rising Stars game of the All-Star Weekend via NBA Top Shot.

3. Utility.

For comparison’s sake, the utility of a physical sports card is tangibility, showing it to friends and that’s about it. With NFTs, utility possibilities are endless and why I encourage others not to try putting a market cap on NFTs and NBA Top Shot.

  • Fantasy Game, Swyysh allows you to use your moments to play in a weekly NBA fantasy game.
  • Mobile App/Video Game: Dapper Labs (the company behind the NBA Top Shot Blockchain) and Top Shot are creating a game called “Hard Court” 
  • A Digital Passport: Imagine attending an NBA game and scanning your ticket. One week later, a moment from that game is dropped into your Top Shot account as not only a memory but a way to track games you’ve been to in the past.

VR/AR, fan engagement, the list goes on and on but the most bullish aspect of Top Shot has to be their utility.

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Displaying NFT Art Collections Inside Virtual Galleries

In a previous post I discussed why I think NFT Wearables are the ultimate digital flex. The idea of applying digital scarcity to virtual clothing is a great example of NFT utility. If you’ve not read that article, I think it’s definitely worth your time. You can find that here

Utility can get lost in all the big money sale headlines, but I think it’s important to highlight some of the usefulness of NFTs, besides simply selling. In the current landscape, there are a few interesting NFT use cases worth noting. I look forward to covering most of them in future posts, but today, I’d like to focus on NFT Art and how these tokens can be used within virtual worlds.

Displaying NFT Artwork

If you’re into collecting NFT Art, at some point you’ll want to show off your collection. Having it tucked away inside your crypto wallet is not the best way to flex your purchases. Nope. The best way to flex your NFT Artworks is to display them in a virtual gallery. Just like galleries in the real world, virtual galleries are ideal for exhibiting a collection.

Decentraland

Many NFT Art collectors have taken to blockchain-based virtual worlds like Decentraland and Cryptovoxels to build their galleries. Doing this requires a purchase of some virtual land, and the skill set to build upon it. If you don’t have the time or the skill to build a gallery, no worries. You can hire someone in the NFT community to build it for you. There are virtual estate developers like Ogar who are perfect for the task.

But collectors aren’t the only one’s building galleries. The NFT Art marketplaces themselves (i.e. SuperRare, MakersPlace, KnownOrigin, Async.art) also have a presence within the Metaverse. Let’s take a look at some dope NFT Art galleries you can visit right now.

NFT Art Gallery Tour
Decentraland

It’s not uncommon for NFT Art marketplaces to have more than one gallery. In fact, MakersPlace has multiple locations across the Metaverse. The image above is their gallery inside Decentraland.

Cryptovoxels

And this is the MakersPlace gallery located within Cryptovoxels. You’ll notice each gallery has a distinct look and feel to match the world in which it exists. Not only is the artwork exhibited here great for discovery, but because they are NFTs, they can be easily purchased by clicking through to the listing.

Cryptovoxels

Here is a look at the Async gallery located inside Gangnam; the same Cryptovoxels district as the MakersPlace gallery above. The Gangnam District of Cryptovoxels has a heavy focus on NFT Art and is one of the more developed districts within the Metaverse.

Cryptovoxels

The Async gallery features fun programmable artworks like First Supper and Right Place & Right Time. Programmable artwork is one of those interesting NFT use cases I mentioned earlier. I will delve into more of what this means in a future article.

Decentraland

Finally, another cool gallery to check out is the KnownOrigin gallery. It features both static and animated artworks from some of the early NFT Art adopters. The building itself is quite artistic and does a good job of standing out. Additionally, virtual nightclubs and the Decentraland Museum are great locations to find artwork.

If you ask me, utility adds greater value than mere speculation. The ability to display NFTs in this way makes them a lot more useful than simply sitting in a wallet collecting digital dust.