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Mind Of Mav

Investing In NFTs: How Do You Begin?

You might have heard of Non-fungible Tokens (commonly known as NFTs) with all the artwork involving apes, cats and doges. You’ve heard of multi-million deals involving virtual rocks, so what exactly is it?

Well, simply put, an NFT is a piece of data that is stored on a blockchain network. This can be in a form of artwork, music, tweets and even legal documents. But mostly, it has been digital art, and it’s on a craze right now.

There are mainly two blockchain networks that NFTs are predominately in, Ethereum and Solana (both cryptocurrencies). You can view Ethereum as the OG, the grandfather of NFTs and Solana as the young and upcoming star. They both have distinct features that exist only on their network but that’s something to be covered in a future article.

Many will ask: “Why are people paying so much money for digital art when I can just right click and save it?”

Well… You can do that but it doesn’t belong to you, and thus has no value. Basically, since the NFTs are stored on the blockchain network, it can be verified to be the ‘original’ copy and pictures you saved would just come up as a fake and nobody would buy that.

Usually, NFTs are released as a collection of a limited number (say 5000) and all items created in that collection would be verified with NFT marketplaces. There are systems in placed on NFT Marketplaces that protects users from fake copies thus eliminating most of the uncertainty of buying a fake copy.

This actually solves a real world issue in the art world, stolen/forged art. How many times did you have to put a watermark over your pictures and videos so people can’t just repost them as their own? NFTs basically does this, but in the backend, and thus not ruining the visual of the art.

So you wanna see some examples of NFTs to understand what on earth I’m talking about right? Here, take these Turtles that exist on the Solana network for example.

So basically this collection is made of 3,333 turtles that are algorithmically generated on the Solana blockchain. These turtles come with different attributes, some with hats, some of different colours , some with different backgrounds. And because of this, some are worth more than others!

So how does the project determine which turtle you get when you purchase your turtle? Rarity charts. Some attributes are rarer than others and by having many rare attributes, you get a rare turtle. There are websites created to check the rarity of NFTs of different projects, for example

When you purchase a NFT, you get the full rights over your piece of art and also other benefits depending on the project! Some projects admits you to their exclusive club as owners of their NFT (which can be really cool, some even have host real life events). Being part of the community of the project is a huge part of owning their NFT, you get to bond and network with like-minded individuals and creates a close-knitted circle. Most projects have their own roadmap which informs the public on their plans for the future.

For example, Turtles, as part as their roadmap, donated 10% of their revenue to saving baby turtles. That’s also one of the reasons why I love the NFT community, most of them donates much needed funds to non-profit organisations and also pays it forward to other communities.

Well, that was a lot of information to digest. So, this will be it for the first part of this series: What are NFTs? Hopefully this article broadens your perspective on NFTs to more than just ‘Right-Click, Save As’.

Till then, the world is your oyster.


The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)


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What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)


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What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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