NFTs are pumping. The Crypto market got a resurgence and BTC is back up to above $40,000.
All of this excitement is great. People are becoming interested and are taking notice of this market. But with that excitement, there are a lot of overreactions occurring.
So letâs look at the next five years.
I think Cryptopunks are a lock for the future. They were first. And if that isn’t enough, the owners of these Cryptopunks are all important figures.
When looking at the things that TopShot has going for them, there is one thing that stands out among the rest. They are partners with the NBA. A major staple in world culture. That feels like it would be a safe bet.
While observing the big picture of Zed, I think one of the things that is a strong point for them is the history of horse racing. For hundreds of years, horse racing has been around. And not just that, but gambling on horse racing is popular.
Now, they just got boughtâ¦ but is their game THAT good? Could someone else come in with 50 million dollars and create a better game structure? Absolutely.
It is tough to not be a prisoner of the moment with NFTs. It is 24/7/365. We get easily excited about what companies are building and creating. But think about things in 5 years. Is this something you would be comfortable to sit on for that amount of time and know that it wonât get to zero? These are all things to consider when looking at the larger scale of NFTs.