Things like these are getting sold for millions.

Is this madness or is there some mega-trend at play?

Let's understand the NFT craze: ๐Ÿ‘‡๐Ÿ‘‡

1) NFT?

- It is an asset on a blockchain network (eg. Ethereum network)
- B/c the data can be tracked, it has a clear proof of ownership.
- And, like the Monalisa painting it holds no value if it is broken down (hence, it is non-fungible)

- Example:

Jack Dorsey's Tweet
2) Just because you 'own' a NFT does not mean thatย you get to do whatever you like with it:ย 

- For example, you can't change Jack's Tweet above even if you are the owner.
- Or hide it from people.

Oh then what's the point? ๐Ÿ‘‡
3) Owning a NFT gives you multiple advantages

For one, bragging rights.

- If you own the Tweet, you get to say: "hey, I am a baller and I own such cool things".

- You will then be invited by news channels or whatnot and you elevate your social circle.

But is that all? NO.
4) NFTs have real value:

- Example: imagine if you could own Picasso's paintbrush. Its value? probably in millions.

- Same goes for other 'rare NFTs'. So a lot of rare NFTs like Crypto Punks have been minted.

- The best part: in the NFT world, the proof is traceable.
5) NFTs also have a 'use case'.

- For example: if you can buy a NFT by Amitabh Bachchan, which says: if you own this NFT, you can go on a dinner with me.

- Then there will be a lot of demand for such a NFT.

- Creators are coming out with a range of utilities.
6) Gaming metaverse like Axie Inifinity, Sandbox and Decentraland are building the next layer of these NFTs.

- Even big institutional players are buying Land and other NFTs on these Metaverses.

What about India? do we have a contender?

Oh yes, big time!
7) Totality corp's @thezionverse is building amazing Indian Mythology based Metaverse.

They recently launched Lakshmi NFT (will write another thread on that) which can give 108% APY.
Summary: NFTs are a great space that is transforming the creator economy and Metaverses and you should definitely learn more :)

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๐™Ž๐™๐™–๐™ง๐™ž๐™ฃ๐™œ ๐™ข๐™ฎ ๐™ฌ๐™ž๐™จ๐™™๐™ค๐™ข ๐‘พ๐’๐’'๐’• ๐’ƒ๐’† ๐’”๐’–๐’“๐’‘๐’“๐’Š๐’”๐’†๐’… ๐’Š๐’‡ ๐’•๐’๐’Ž๐’๐’“๐’“๐’๐’˜ ๐’– ๐’“๐’†๐’‚๐’… ๐’•๐’‰๐’† ๐’”๐’‚๐’Ž๐’† ๐’”๐’•๐’–๐’‡๐’‡ ๐’Š๐’ 50๐’Œ ๐’˜๐’๐’“๐’Œ๐’”๐’‰๐’๐’‘ ๐’๐’“ ๐’”๐’๐’Ž๐’†๐’๐’๐’† ๐’Ž๐’‚๐’๐’‚๐’ˆ๐’Š๐’๐’ˆ ๐’š๐’๐’–๐’“ ๐’Ž๐’๐’๐’†๐’š ๐’˜๐’Š๐’•๐’‰ ๐’”๐’‚๐’Ž๐’† ๐’๐’๐’ˆ๐’Š๐’„
Simple and effective way 2 make Money


Idea 1:- Use pivot level like 14800 in case of nifty and sell 14800straddle monthly expiry (365+335) exit if nifty closes on daily basis below S1 or above R1

After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1

Idea2:- Use R1 and S1 corresponding strikes multiple
Incase of R1 15337 take 15300ce
N in case of S1 14221 use 14200pe
Sell both and hold till expiry or exit if nifty closes below S1 or above R1 around closing
If the same bounces above S1 and falls below R1 re-enfer same strikes

Use same criteria for nifty, usdinr and banknifty

(This is must)Use this margin rule for 1lot banknifty pair keep 4Lax margin
For nifty one lot keep 3Lax
For usdinr 100lots keep 4Lax

I bet you if you do this on consistent basis your ROI will be more than 70% on yearly basis.

Couldn't explain easier than this

Criticisms are most welcomed.