Should You Buy Non-Fungible Tokens (NFTs)?

by Fred Fuld III

You may have read about all the hype over the last few months regarding non-fungible tokens, more commonly called NFTs, and occasionally referred to as nifties.

If you don’t know what an NFT is, I will try to explain it as simple as I can. An NFT is a digital asset, such as a jpg or png artwork, a gif, a cartoon, music, a video, digital sports cards, video game assets, and even naming rights to a giant sea bass. The NFT is recorded on a blockchain which secures the ownership of the asset and certifies that the asset is unique, or one of a very limited quantity.

Stock Ticker Man Spitting Out Money

Stock Ticker Man Spitting Out Money NFT

The NFTs are usually sold on platforms such as OpenSea, Rarible, SuperRare, and Foundation, with cryptocurrency, such as Ether, being the primary currency. Some sales have facilitators for buyers who just want to pay by credit card or check.

The prices of many of these NFTs has been skyrocketing. Last year, the NFT market was about $250 million. For the first quarter of this year, sales jumped to $2 billion. You may have heard that Jack Dorsey, the CEO of Twitter (TWTR), sold an NFT of his first tweet for $2.9 million.

Michelle Phillips, vocalist with the Mamas & the Papas, songwriter, and actress has gotten in on the act. A couple months ago, I interviewed her about her NFT auction (I believe it was her only NFT auction interview) and all ten of her NFTs  sold out.

With regards to buying NFTs as an investment, I won’t comment on that because I never make investment recommendations. However, you should treat NFTs like art or collectables. If you like what you see and you plan to hold on to it without the expectation of reselling at a profit, then maybe you should buy it.

You might even want to create your own NFT. Click HERE for an example of a stock market themed NFT for sale on Rarible.

 

Exclusive Interview: Michelle Phillips, Lead Singer of the Mamas & the Papas, NFT Memorabilia Auction

by Fred Fuld III

The following delightful, informative, and entertaining interview was provided by Michelle Phillips, a vocalist with the Mamas & the Papas, also songwriter, actress, and model. She co-wrote the popular song “California Dreamin'” which was certified as a Gold Record in 1966 and was inducted into the Grammy Hall of Fame in 2001. The song is No. 89 in Rolling Stone’s list of the 500 Greatest Songs of All Time

She has appeared in 43 TV shows, including Knots Landing, Beverly Hills 90210, Fantasy Island, and Hotel,  and over 40 movies, including Dillinger, for which she was nominated for a Golden Globe Award for Most Promising Newcomer.

This interview covers:

  • Her NFT (Non-Fungible Token) auction
  • What is included in the auction
  • The Painted Turtle charitable organization
  • The changes in the music industry
  • Singing versus Acting
  • Success
  • Advice for those interested in getting into the entertainment business

The Michelle Phillips Interview

Enjoy listening to this great discussion.

To stream the interview, click:

HERE

You can also download the interview as an mp3 by right-clicking (or Control clicking) HERE and choosing “Save as”.

More Info About the Upcoming “California Girl” Auction

NFT Michelle Phillips Drawing

The original “California Girl” memorabilia and her videotaped hand drawn group image through ViciNFT through June 29

ViciNFT Corporation  designs, builds and manages digital assets and non-fungible tokens (NFTs) for enterprises and creators. The company’s works are carbon neutral, and include a mandatory charity component equal to 25% of auction proceeds, making “NFTs for the common good.”

The video of the original drawing, the digital drawing

For concierge bidding for those who buy via US Dollars and credit cards contact ViciNFT Corporation

More Info About the Painted Turtle

The Painted Turtle’s mission is to provide a year-round, life-changing and authentic camp experience for children with chronic and life-threatening illnesses. The Painted Turtle supports children’s medical needs, inspires them to reach beyond their illness, and provides care, education, and respite for their families. All campers and families attend free of charge.

California Dreamin’

The Mamas & The Papas “California Dreamin'” (September 24, 1967) On The Ed Sullivan Show

California Dreamin’

 

 

Photo source: Wikipedia