On a global level, the impact of digital transformation has been felt in every sector. In crypto, we saw the impacts via #Play2Earn / GameFi making a mark in the economy. Time to review the utility of NFTs as an investment and discuss issues related to investing in these schemes by examining Splinterlands NFTs compared to other forms.
We’ll review the utility of NFTs as an investment and discuss issues related to investing in these schemes. Read on for more information about these two types of investments.
NFTs and Gaming NFTs in Common
A new form of investment that is becoming more and more popular in the current market environment is the outsourcing of certain forms of tasks to third parties. Now, let’s say the shop owner wants to add an extra layer of high-quality goods and services to his product mix. What if he could bring in a team of professionals to fulfill the new assignments, saving him time and money?
With NFTs, you have ownership of your financial decision and ownership with the help of blockchain. When it comes to GameFi, noone can ban your account, take your items or change your character!
Play wisely, invest regularly, grow your Splinterlands deck and create your side hustle while having fun. Meanwhile, secure yourself with blockchain, prove your ownership with NFTs!
So simple!
Types of NFTs
There are many different types of NFTs available and each has specific benefits, limitations, and risks.
If you buy community NFTs like Bored Apes, all you have is a good image in the eyes of people and some priorities in restaurants etc. However, when you invest in blockchain-based NFTs, that brings you more value, money and entertainment.
Even if you invest in a monster or Splinterlands pack, you are getting a return for a duration in which you compensate your initial investment in time 🔥
Why Invest in NFTs?
Investing in NFTs has become a popular way for small and medium-sized enterprises (SMEs) to access funding and access global opportunities. People who want to start their own business or change their career path may find that investing in this growth sector provides a good opportunity to get started.
With an NFT, the owner of the property owns the physical asset (property, equipment, or services) and the contractor works for the owner as an employee. All of the ownership and management functions are transferred to the investor. The investment is tax-free as long as the amount invested exceeds the beneficial ownership limit. Investments in non-financial assets are tax-free as long as the gross amount invested is greater than 50% of the assets being purchased. As gaming NFTs are still tax-free, the value I generate via Splinterlands brings me an opportunity to compound my capital.
Summary
Digital transformation is a rapidly progressing field within the economy. It has been a topic of discussion in financial regulation for the last few years, with many cases of investment gone wrong being dealt with by the Securities and Exchange Commission (SEC).
There are many advantages to investing in NFTs, such as: All of the ownership and management functions are transferred to the investor. The investment is tax-free as long as the gross amount invested is greater than 50% of the assets being purchased in many countries. For blockchain-based gaming NFTs, you are taking more steps from ownership to generating an income source for yourself.
With the operations of staking, renting, and growing your deck, Splinterlands provided me with exceptional sources to bring value to my crypto investments. Rather than community NFTs, gaming NFTs are more favorable for both gamers and investors.
They just need to explore Splinterlands. Only a matter of time 😉