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Tag: Opportunity

  • Non-Fungible Tokens and FX/CFD Brokers. An Opportunity Not to Be Missed?

    Non-Fungible Tokens and FX/CFD Brokers. An Opportunity Not to Be Missed?

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    Although the first non-fungible token (NFT) was launched as early as 2015, the market fever around this exciting asset class did not kick off until 2020 when it broke all-time records. The value of NFTs sold in the third quarter of this year reached a record level of $10.7 billion, and the craze around them is no longer reserved exclusively for a narrow group of crypto and blockchain enthusiasts.

    The NFT industry has embraced digital artists, celebrities, actors and large companies to look at and engage in this fast-growing industry as a way to maximize profits and build brand awareness. But, are NFTs suitable for everyone? Do they bring added value to retail investment platforms, foreign exchange (Forex) and contracts for difference (CFD) brokers?

    Finance Magnates has x-rayed what stands behind the success of CryptoPunks, Bored Apes and other digital collectibles, and it has discussed the subject with industry experts asking if they see an opportunity for Forex and contracts for difference brokers to use NFTs as promotional or trading assets.

    Non-Fungible Token (NFT) = An Opportunity for Your Brand?

    Famous brands and large companies have quickly discovered that NFTs can be a great way to build popularity among new economy participants and take advantage of the booming trend. As experts point out, it can be a great product for advertising new products and building brand awareness.

    “With NFTs, brands can create a buzz about a new product, create scarce and exclusive collectible assets to tell the brand story, or even support causes through token sales. Consumers today like to see brands driving sustainability efforts, which can be seen in the rise of ESG investments. So, brands might look to attract this demographic with NFTs,” Charlotte Day, Director of the Contentworks Agency, said.

    As the pandemic months have shown, retail investors aimed trading stands not so far from gamification, and experts have repeatedly commented on the gamification of the industry (commission-free trading platforms gaining huge popularity, such as Robinhood).

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    According to Philip Gunwhy, the Chief Marketing Officer for the NFT ecosystem, Blockasset, “traditional finance (or TradFi) moves slower than crypto, but it is inevitable that more and more brokers will enter the space in the future.”
    “It was only in 2020 that many institutions started to look at Bitcoin for the first time. That is still more or less the case today, save for those who are looking into Ethereum. Although NFTs have been around for around five years now, they have only really caught on in 2021. As the space matures, we can see many traditional brokers looking to break in: there is already evidence of that now, with crypto-native firms like Three Arrows Capital dropping millions of dollars on blue chips like Fidenza and Ringers,” Gunwhy commented.

    QIR3 2021 promo NTF

    CFDs for NFT-oriented Stocks?

    One of the most attractive ways for CFD brokers to tap into this rapidly building market is by offering clients access to NFT-oriented stocks. This is the simplest and easiest method to implement initially. The list of companies related to the non-fungible tokens is long and among the most popular ones you can find: Cloudflare (NET), Mattel (MAT), Dolphin Entertainment (DLPN), Takung Art (TKAT), PLBY Group (PLBY), Funko (FNKO) and, of course, Twitter (TWTR).

    Cloudflare’s stock price increased 350% last year, and in 2021 it has gained another 156%. In the case of Mattel, the appreciation is not as high but is also attractive for investors, amounting to over 50% since the beginning of 2020. Moreover, investors are very interested in Funko shares, which have grown by 65% YTD. Such rates of return will undoubtedly be of interest to current and new potential clients.

    To get the full article and the bigger picture on NFT phenomena, get our latest Quarterly Intelligence Report.

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  • Monaco Planet: Sailing the sea of SocialFi opportunity with MONA | by Bit Media Buzz | Nov, 2021

    Monaco Planet: Sailing the sea of SocialFi opportunity with MONA | by Bit Media Buzz | Nov, 2021

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    Bit Media Buzz

    While today’s social media giants monopolize the space, squeezing users rather than rewarding them, the advent of cryptocurrency, blockchain and the rising SocialFi movement now threatens to upend that. Monaco Planet, backed by IMO Ventures and Three Arrows Capital, is leading the charge by returning platform ownership and governance to users.

    When Monaco Planet launches their Rare Yacht nonfungible tokens (NFTs) on Nov. 11 and goes live with their native token MONA on Nov. 28, holders begin enjoying the benefits of ownership and governance rights. By engaging in “content mining,” a sustainable, creative and inclusive form of mining whereby those who create content and engage in forum discussions gain rewards, users further grow their stake.

    “While we like to say that we return platform ownership to users,” says Monaco Planet outreach director Brandon Zatt, “if you really look at the history of social media, you’ll see that this is actually the first time ever that users both own the platform and determine its destiny.”

    This revolutionary new approach is turning heads as Monaco gains nearly 10,000 new followers per day and their Discord account rapidly approaches 100,000 users. And as they prepare for launch, founding KOLs like Three Arrows, Tom Dwan and Loomdart are filling up Monaco’s Wall of Fame. From heads of crypto funds to celebrities to NFT influencers, Monaco Planet may be the hottest party in Q4 2021/Q1 2022.

    Both MONA tokens and Rare Yacht NFTs unlock platform utility, helping users to promote their projects and accounts and eventually run their own promotional and advertising campaigns.

    As a gateway to the metaverse, Monaco Planet is building a robust dynamic eco-system and MONA holders have preferred access, including investment quotas for high-quality projects. Users themselves decide whether to participate in the investment, but the quota is guaranteed. MONA can also be utilized for tipping or gifting.

    And as the ecosystem grows and Monaco introduces more high-quality Defi and Gamefi projects, MONA holders can seamlessly connect social, finance and gaming into one cohesive Metaverse.

    “Monaco Planet represents a true departure from traditional social media and a concerted effort to bring the benefits of blockchain and crypto to our virtual and actual social lives,” says Brandon Zatt.

    Though there are over 100 million wallet addresses currently in use, a truly native crypto and NFT-dedicated social media platform with a high density of fans has not yet been born — until now. Monaco Planet users log in with wallets such as MetaMask to enable them to showcase their crypto and NFT holdings through their profile, making it harder for scammers to misrepresent themselves.

    As true influencers can be identified by their level of engagement and dedication, Monaco Planet aims to bring a deeper level of trust and awareness to social platforms. Based on common interests and a belief in digital assets, organic connections are naturally fostered amongst users.

    While some criticize proof-of-work (PoW) mining for being environmentally unfriendly, content mining or create-to-earn or write-to-earn, allows users to earn rewards by contributing content. It is truly democratic, inclusive and sustainable.

    With 55% of MONA platform tokens distributed to users through content mining, holding MONA gives users platform ownership and a genuine stake. This is the exact opposite of how centralized social media platforms currently work.

    The first month after Planet Monaco goes live is by invite only. Users holding Yacht NFTs will be eligible to start content mining. They enjoy higher weighting on the platform and can generate the greatest rewards during the first month. They can also invite up to five other users. On December 31, 2021, first-time platform users can withdraw MONA to their wallets and trade them on the open market.

    The formula for the scoring of each user factors in elements like the number of fans per user, their total number of likes, net NFT value in the wallet and number of comments they’ve generated.

    On January 1, 2022, the public platform opens to all users. Users who stake MONA for at least one month achieve a MONA staking weight, which is necessary for participating in content mining. Weights vary according to the length of time MONA is staked for.

    Thus, the launch of the Yacht NFTs and MONA tokens represent a unique opportunity for users to take back control of their social media, earn rewards through their own creativity and effort and enter the Metaverse with autonomy and advocacy. Come set sail on the sea of SocialFi opportunity — destination Monaco Planet.

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