Reasons To Invest in NFTLootBox
Why invest in NFTLootBox?
I thought I would write a very quick guide on investing in NFTLootbox $Loot
These are just some of the reasons I love it and why I think it’s wayyyyy undervalued.
I love making money in crypto and that is why I love gems like $LOOT but I also love the art and love the idea of #NFTs and how they are going to disrupt the market.
Listen to the genius and marketing visionary Gary Vaynerchuk talking about NFTs
What are #NFTs
NFTs stand for Non Fungible Token
A fungible token is something like a $1 bill. It has exact same value everywhere in the US.
A Non Fungible Token is given a unique ID to distinguish it from others which means all NFTs can have different values.
Examples of NFTs
Some of the NFTs being traded on Opensea.io Marketplace:
Why are #NFTs Valuable?
NBA Top Shot attracted $147.8 million in sales in the last 7 days — WTF and Why?
The total value of NFT transactions quadrupled to $250 million last year
The number of digital wallets trading them almost doubled to over 222,179
NFT value framework and opportunities
Value of an NFT = Utility + Ownership History + Future Value + Liquidity Premium (Hugo Chan)
The estimated size of the global collectibles market is $370 billion
Digital Collectibles is going to be the next part of this market and becoming a main player.
What is NFTLootBox?
NFTLootBox (LOOT) is a fairer and more entertaining decentralized system for farming NFTs.
Their methodology is about the distribution of NFTs through Loot Boxes, which gives all users a fair chance of obtaining valuable NFT collectibles and more.
Total supply: 40,000
Circulating supply: 25,375
Current price: $78
Current MC: $2 Million
Similar Project: MEME
Circulating supply of 25,000
ATH price: $1,962
ATH market cap: $44 Million
Current price: $1,500
NFTLootBox 22x to reach same market cap as MEME
$LOOT is well positioned to be part of the gold rush for #NFTs with beautiful art that is selling for thousands of dollars on the Opensea marketplace.
Gamification, staking, farming all mean $LOOT is well positioned in the NFT space to grow rapidly from it’s current position.
More info on NFTLootBox