Simplifying NFTs and How to Profit Off Them with Mark Savant
We’re going to talk about ways we can increase revenue, particularly through NFTs, as discussed by today’s guest, Mark Savant. Mark has his own podcast titled, NFTs Made Simple.
In this episode of the How To Trade It podcast, Mark reveals some ways to increase revenue, one of which is by investing in what’s trending in the market right now, such as, NFTs, blockchain, crypto, and Web3, just to name a few.
Mark has many rich and informative episodes that involve interesting people and relevant projects to educate and reach a wide audience, so be sure to check it out.
Mark Savant started his career with an insurance agency. For over 10 years, he was left feeling unfulfilled and miserable. That’s when he decided to make a change and his After Hours Entrepreneur podcast for small business owners, entrepreneurs, and side hustlers was born.
The NFTs Made Simple podcast came later. He caught the attention of many people because of the service he was offering, helping them grow their podcast businesses, and he soon introduced his own business, the Mark Savant Media and Podcast Services. Mark Savant of NFTs Made Simple, says, ‘a cool thing that happened with the podcast is it almost forced us to continuously learn.’ Join us on this episode of How To Trade It to find out more! Click To Tweet
Subscribe to How To Trade It
NFTs
Non-Fungible Tokens (NFTs) have taken the world by storm, with numerous headlines proclaiming them as the next big thing in the digital world. But what exactly are NFTs, and what are the pros and cons of using them? In this article, we will explore the intricacies of NFTs, as well as their potential benefits and drawbacks.
NFTs are digital tokens that use blockchain technology to certify ownership of a unique item or asset, such as a piece of artwork, a tweet, or a video clip. Unlike cryptocurrencies such as Bitcoin, NFTs are not interchangeable, meaning that each one is unique and cannot be exchanged for another item of equal value.
One of the main benefits of NFTs is that they offer a new way for artists and creators to monetize their work. In the past, digital art and other online content could be easily copied and shared, making it difficult for creators to profit from their work. However, with NFTs, creators can certify ownership of their work and sell it to collectors, with the potential for the item’s value to increase over time.
Another benefit of NFTs is that they can provide a new level of transparency and authenticity to the art world. Because each NFT is unique and verified on the blockchain, it is difficult for fraudsters to create fake copies of an artist’s work. Additionally, the blockchain allows for a transparent record of ownership and sale history, which can be useful for collectors and investors.
However, there are also some potential drawbacks to using NFTs. One concern is that the current hype surrounding NFTs may be a bubble that could eventually burst, leading to a decrease in value for NFT owners. Additionally, the environmental impact of NFTs has come under scrutiny, with some critics pointing out that the energy required to produce and maintain blockchain networks is significant.
There is also some perplexity surrounding the use of NFTs, particularly in terms of their value. Because each NFT is unique, it can be difficult to determine its true value. Additionally, some critics argue that the value of NFTs is largely based on speculation and hype, rather than any inherent artistic or cultural value.
Despite these concerns, NFTs continue to gain popularity, with many artists and creators embracing the technology as a new way to monetize their work. Whether NFTs are a passing trend or a lasting innovation remains to be seen, but for now, they are a fascinating development in the digital world.
Understand the Technology
Before investing in any NFT project, it’s important to thoroughly research the creators and their vision. Look for strong leadership and a clear plan for long-term value. NFTs are a new and emerging technology, so it’s important to have a basic understanding of how they work.
Keep Your NFTs Safe
To protect your NFTs and cryptocurrency, download them onto a cold wallet, which can be stored in a safe place. And don’t forget to tell trusted individuals how to access them in case something happens to you. Don’t leave them in a hot wallet, which is connected to the internet and can be accessed by anyone at any time. Instead, download them onto a cold wallet, which is a USB drive that can be stored in a safe place.
Subscribe to How To Trade It
Resources & People Mentioned:
- Mark Zuckerberg, Meta
- Charlton Haupt, Bad Astro Society
- David Gokhshtein, Gokhshtein Media
- MetaMask
- OpenSea
- Coinbase
Connect with Mark Savant:
- Website: mark@marksavantmedia.com
- LinkedIn: https://www.linkedin.com/in/mark-savant-ba777145/
- Instagram: https://www.instagram.com/marksavantmedia/?hl=en
- Podcast: After Hours Entrepreneur
- Podcast: NFTs made Simple
Connect With Casey Stubbs:
- Website: https://caseystubbs.com
- Website: https://tradingstrategyguides.com/
- YouTube: https://www.youtube.com/TradingStrategyGuides
- YouTube: https://www.youtube.com/caseystubbs
- Twitter: https://www.twitter.com/caseystubbs
- Facebook: https://www.facebook.com/TradingStrategyGuides
- LinkedIn: https://www.linkedin.com/in/caseystubbs/
Subscribe to How To Trade It
Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
