NFTs That Could Make Neymar Owners “Partners” – Cryptocurrency – Estadão E-Investidor – Major Financial Market News

  • Footballer Neymar bought NFTs from the Mutant Ape Yacht Club collection for 55 ETH (crypto ether), equivalent to about R$ 790,000
  • These crypto arts go beyond the claim of being collectibles: their holders have a range of benefits
  • For example, users with “Apes” can access exclusive parties and events promoted by the companies that created these characters

Footballer Neymar bought NFTs from the Mutant Ape Yacht Club collection for 55 ETH (the ether cryptocurrency) on Tuesday (19th), or about 790,000 reais. Non-fungible tokens are the name of unique and non-replicable digital assets produced by blockchain technology, and are the image of “mutated monkeys”.

Mutant ape.Photo: OpenSea Copy

The PSG player already owns two other “Digital Monkey” NFTs that belong to the Boring Ape Yacht Club (BAYC) collection from which the mutant apes were derived. The two images were acquired by players earlier this year and sold for around R$6 million. These crypto arts go beyond the claim of being collectibles: their holders have a range of benefits.

“The Boring Ape” by Neymar.Photo: OpenSea Copy

For example, users with “Apes” can access exclusive parties and events promoted by Yuga Labs, the company that created the characters. It was as if the investors were part of a VIP community whose members included figures like Serena Williams, Madonna, Eminem and Snoop Dogg, as well as Neymar himself.

“This NFT exists for a very specific reason. With it, you become part of a community that gives you access to cool stuff made by the company that created Bored Apes. The idea is a sense of belonging”, Crypto Asset said Carlos Eduardo Gomes, research director at management firm Hashdex. “Imagine how cool it is that you walk into a party and Neymar is there.”

The price to buy a digital monkey is quite high. At Mutant Ape, the collection has 20,000 items, and the cheapest NFT costs 0.004 ETH (57 R$). Bored Ape has 10,000 items, and the cheapest asset can be purchased for 120 ETH (1.7 million reais). The data comes from OpenSea, a non-fungible token trading platform.

Offering benefits to community members is also a way to attract demand for these cryptoassets, explained CFA and Nousi Finance founder Andrey Nousi. For example, old buyers of “Bored Apes” received tokens from the new “Mutant Apes” collection.

“This gives early holders an advantage,” Nousi said. “And they didn’t stop there: they created a cryptocurrency called ApeCoin, which will be the cryptocurrency used in their metaverse. A large portion of these tokens were offered to Bored Ape and Mutant Ape NFT investors. “

This is also the view of Tasso Lago, a private cryptocurrency fund manager and founder of Financial Move. “It’s a gated community that will have exclusive meetings. It’s a high-voted community, so it has a lot of value. They even have a cryptocurrency and are building their own metaverse,” he said.

Ape Coin (APE), which launched on March 16 this year, has gained 1,513%, according to Coinbase. APE increased from 5 reais to 75 reais.

Most sought after digital art collections

There are many types of NFT collections, and the Bored Ape Yatch Club is the most valuable. That said, the lowest price to be part of the “club” is the highest.

However, in terms of trading volume, BAYC lost out to the “CryptoPunks” series of pixelated crypto art, one of the oldest non-fungible token sets.

Cypherpunk #9818. Photo: OpenSea

According to data from the CryptoSlam platform integrated by Hashdex, the total trading volume of CryptoPunks is $2.1 billion. The cheapest NFT in the series costs 62.5 ETH (R$ 880,000). The Boring Ape, on the other hand, traded slightly less than that, at $1.8 billion.

“CryptoPunks are the first to succeed in this world of NFTs. Including one in your profile picture shows that you are someone dedicated to the subject of crypto, who may have discovered this earlier than others. This social component is relevant,” says Gomes from Hashdex.

Pixelated characters can be used as avatars on social networks such as Twitter. The platform has a system that allows you to verify the authenticity of the NFT and highlight it on your page. Whoever uses CryptoPunk as an avatar, the image format has changed from the traditional “circle” to a hexagon.

Games and Virtual Terrains

In the gaming industry, the most popular NFT collection among investors is Axie, with a trading volume of over $4 billion. There are over 200,000 items in this universe, including avatars and terrains from the Axie Infinity game.

“To start playing Axie, you need to have a pet team that plays for you. That’s the mechanics of the game,” says Gomes from Hashdex. “To fight these pets, you need to buy them. Once you buy it, start fighting and evolving in the game, your pet will become stronger (and more expensive). Assets sold to other people.”

This means that you can earn money by playing Axie Infinity. “Users play games, and as they evolve and collect tokens, they earn money in the form of cryptocurrencies. Axie promotes this type of gaming and generates revenue for countries like the Philippines that have been hit hard during the pandemic,” Nousi said .

Axis #132605. Photo: OpenSea

When it comes to NFTs for virtual land in the blockchain-based Metaverse, Decentraland leads the way with $1 billion in transaction volume. In this virtual world, users can buy and sell properties using the MANA cryptocurrency. The collection has over 90,000 items, and the cheapest token on the exchange is priced at 2.7 ETH (38,000 BRL).

“NFTs are unique assets that guarantee digital ownership. If you want to build a store within Decentraland, you’re going to need the network’s currency to be able to interact with it,” said Precyla Eller de Menezes, head of relations at Hashdex.

Nousi, the founder of CFA and Nousi Finance, explained that in this metaverse, the number of “lands” in the map is limited. In this parallel world, people or companies acquire and develop land. “In the case of Decentraland, there’s a casino inside where users can go and place their bets. The land is being used efficiently, so it’s given value,” he said.

The second collection of virtual land NFTs is The Sandbox with a trading volume of $662 million. Of the 109,000 available items, the cheapest item sold for 1.8 ETH (R$ 24,900). “Snoop Dogg has a place in this virtual world,” said Financial Move’s Lago.

scratches

Non-fungible tokens are a risky investment. This is a new market and it is immature, so it is very volatile. “They are much less liquid. There is no market to determine the price of NFTs, such as Bitcoin. The price will be just what the buyer imagines it to be, just like auctioning art,” Nousi said.

According to Hashdex’s Menezes, a safer way to gain exposure to the NFT ecosystem and Metaverse is to invest in a basket of assets. The manager has an ETF (index fund) designed to replicate the movement of digital assets, called HASH11.

The index fund trades on B3 and has exposure to Ethereum, the primary platform for registering and collecting NFTs. In this way, it is possible to capture part of the expanded tokens. “We know that the best way to get access to the (NFTs) ecosystem is to have a basket out there where you get access to major projects,” Eller said.

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