NFTS The Game Changer
- Jun 24, 2022
- 2 min read
Updated: Jun 28, 2022
Written by: Thomas J. Kent Jr., Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise.
NFT has become one of the taboo watchwords in the industry of finance. It is almost like showing pride and joy in Victorian London; it just isn't done. Those that do are ostrasized and goaded to change their mind on the tangibility of it. Many do fall for that as well.
Non-Fungible Token or NFT's have become the watchword for most elite artists and collectors. The general public still has a long way to go before embracing the concept that these are irreplaceable goods, which are minute in quantity and special enough to be designated and conveyed through the form of a token. A token that holds value indefinitely, since it is merely a token.
The ideal NFT exchange platform allows its users to purchase cryptocurrency through numerous methods ‒ with the inclusions of credit and debit cards, GooglePay, ApplePay and traditional bank transfers. Easy for a lot of sites and apps to claim, but infinitely harder to deliver. That is why these disclaimers are commonplace in the arena of NFT:
"THIS CONTENT SHOULD BE REGARDED AS PROMOTIONAL MATERIAL AND ANY OPINIONS AND STATEMENTS EXPRESSED HEREIN ARE THOSE OF THE AUTHOR AND DO NOT REFLECT THE OPINIONS OF THE COMPANY. THE COMPANY IS NOT A SUBSIDIARY OF OR OWNED BY ANY ICOS, BLOCKCHAIN STARTUPS OR COMPANIES THAT ADVERTISE ON OUR PLATFORM. INVESTORS SHOULD DO THEIR DUE DILIGENCE BEFORE MAKING ANY HIGH-RISK INVESTMENTS IN ANY ICOS, BLOCKCHAIN STARTUPS OR CRYPTOCURRENCIES. PLEASE BE ADVISED THAT YOUR INVESTMENTS ARE AT YOUR OWN RISK, AND ANY LOSSES YOU MAY INCUR ARE YOUR RESPONSIBILITY."
As it stands right now, NFT'ers are vying for the day when the following statement actually becomes a standard ‒ "a safe cryptocurrency platform with absolutely zero-fee spot trading". As the consumer starts looking beyond normal currency and its limitations, NFT's do show a glimer beyond just hope as it is working, albeit on a small scale.
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Thomas J. Kent Jr., Executive Contributor Brainz Magazine
Thomas J. Kent Jr. is the C. E. O. of Kent Global LLC and the Kent Family Office. Mr. Kent has over 20 years in the investment industry. Mr. Kent holds degrees from both the United States and the United Kingdom universities. Mr. Kent is a world traveler who has been to numerous countries on six continents.Mr..Kent is also written a book that will be out in 2023.
