Andrei Jikh has the Most Bullish Case for NFTs on the Internet Right Now

Andrei takes us back to 1899 where economist Thorstein Bunde Veblen published a theory of conspicuous consumption. In it he detailed the Veblen good, not to be confused with the Giffen good, which is a luxury item where as demand for the good increases the price increases to serve as a status symbol to others. He then explains why previous Veblen goods have fallen out of favor and how the NFT has become the ultimate status symbol.

Andrei takes us back to 1899 where economist Thorstein Bunde Veblen published a theory of conspicuous consumption. In it he detailed the Veblen good, not to be confused with the Giffen good, which is a luxury item where as demand for the good increases the price increases to serve as a status symbol to others. He then explains why previous Veblen goods have fallen out of favor and how the NFT has become the ultimate status symbol.

He spent WHAT on a picture!?

He then details his best investments in this space. Well worth a watch in my opinion.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like
Read More

Helium Miners Exceeding $900 On Aftermarket: Is It Worth It?

Helium is not the average cryptocurrency which uses a PoW or PoS consensus, but instead Proof of Coverage. The miner is actually a hotspot that provides network bandwidth within a ten or twenty mile radius. The Helium block explorer shaves these circles of influence into tidy hexagons to see if having too many neighbors with Helium Miners will reduce your profitability. The average miner can expect to earn between $10 and $30 dollars a month.