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An NFT, or Non-Fungible Token, is a digital property certificate. It is a document that certifies that an individual is the owner of a physical or virtual object. Unlike a cryptocurrency, such as Bitcoin, an NFT is unique.
On the side of works of art, for example, owning an NFT simply amounts to being recognized as the sole owner of this work or part of this work, without being able to exhibit it in one’s living room.
Investment in NFT is therefore a purely speculative asset. For its buyer, this will allow it to be resold later at a higher price to make a profit. 25 billion dollars worth of NFTs were traded in 2021!
This big Trend of the moment has exploded in popularity. Known mainly in the form of avatars of monkeys through the Bored Ape Yacht Club, the stars tear them off! The famous footballer Neymar has also spent more than a million dollars to acquire two NFTs!
Are NFTs accessible on the financial markets?
The New York Stock Exchange has rightly signaled that it may venture into the world of Cryptocurrencies and provide an online marketplace for NFT buyers, sellers, and traders. This project will therefore allow it to enter into direct competition with the dominant market players such as OpenSea and even Rarible.
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