@socjusticetech
Product Papi
3 years
Why I moved 80% of my retirement to NFTs & Crypto. If you reading this, start researching NFTs (non-fungible tokens)! A thread 🧵 ⤵️
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@socjusticetech
Product Papi
3 years
Non-Fungible Tokens are digital assets that use blockchain technology as a way of ensuring safety of the holder. Anything you can upload can be an NFT.
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@socjusticetech
Product Papi
3 years
The NFT market cap grew to over a TRILLION dollars within 2021 alone‼️ People are getting 100-1000x ROI 🤑
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@socjusticetech
Product Papi
3 years
Why are NFTs valuable? Unlike any other product, Blockchain tech allows for: 1) a public record of everyone that has ever owned it and where it came from 2) contracts
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@socjusticetech
Product Papi
3 years
NFTs also allow for CONTRACTS! (This will change the art space forever) A contract means that an artist can keep making money off of their art every-time it’s sold. Peep how innovative this is.
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@socjusticetech
Product Papi
3 years
Let’s say I’m an artist and sell an NFT for $1000 to my aunty. Since it’s my first sale, I keep it all. Let’s say my aunty go and sell it in a week for $10k, I make 10% of that sale (another 1k $) and 10% of any other sale moving forward!
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@socjusticetech
Product Papi
3 years
Before Blockchain, artist only mad money off of their initial sale, while collectors became wealthy off of their sweat equity. NFTs said fuck that‼️
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@socjusticetech
Product Papi
3 years
My theory is as automation increases and industrialization begins to decline globally, art and ideas will be the currency of the future. We essentially will have all day to just think and create.
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@socjusticetech
Product Papi
3 years
This is the future of digital ownership and wealth. Black folks aren’t on it, people are getting 100-1000x ROI on digital assets. 1. Opensea (the store) 2. Coinbase (the wallet) There are many more, so your research! Only risk what you are willing to lose.
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@socjusticetech
Product Papi
3 years
I’m Raul from Social Justice Tech. I help Black people land high paying tech roles. 👍🏾 Like 🗣 Share 👣 Follow If you found this helpful or interesting sign-up for my newsletter in the bio!
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@EdsEssiet
Edikan
3 years
@socjusticetech Posted an NFT illustration on Opensea and didn't get any buyer for 1 month. I just had to leave it there.
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@socjusticetech
Product Papi
3 years
@EdsEssiet It’s not just about posting, it’s about the narrative, long term vision for a project and launch strategy. Can I see the link?
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