It’s never too late to invest in cryptocurrencies, but the best time is probably now.
The entrepreneurial opportunities and benefits offered by cryptocurrencies, blockchain, Defi and metavers are exponential. The pratical cases are developing very quickly, just like when we started using the Internet to do real business transactions in the mid-1990s. Thanks to the blockchain, many projects are already being developed to improve social and economic life. Those who invested in the Internet in 1995 earned a lot of money. Those who implement ideas based on the four technologies mentioned above will earn billions. The investors who follow them will make a lot of money too.
Here are some examples of use:
1) Securitisation of cryptocurrency for the real world Example: One would transform an income into a cryptocurrency that distributed it in the form of dividends, and whose value would increase or decrease in relation to what will be paid. It could be royalties collected by a musician. Let’s imagine that the US singer, Beyonce, asked that the revenues of her next album be transferred to a cryptocurrency that she would create, and that she would call BeyonceCoin. Investors could buy up to 20% of BeyonceCoin and pay based on what they think the 20% royalty would be on his album. Then they could resell their shares of those royalties on any of the challenging marketplaces. If his album was used as the music for a movie at the top of the box office in five years, then the BeyonceCoin would appreciate it. And each year, this 20% share of its royalties would be distributed to BeyonceCoin holders. Why would she do that? To collect an advance on the sale of her album.
2) States must officially accept cryptocurrencies So far, only El Salvador has done so. Others will follow. Why would countries adopt cryptocurrencies? Because they would become a runout point for banks linked to cryptocurrencies, and other projects, and that would generate billions in tax revenues.
3) Why use the metaverse? Thanks to the metavers, among other things, you can attend a virtual concert from home, see or create works of art and try or buy digital clothes. Metavers could also be a game changer for working from home. Instead of seeing colleagues on a video call grid, employees could join them in a virtual office.
4) NFT Non Fungible Tokens An NFT offers inviolable access to an event existing in the real world, or foreign to web 3.0. Right now, for example, if Real Madrid sold me a ticket to attend a game, I could pay $100 for it. Then I could sell it to a street vendor for $200, who would sell it to someone else for $500. Real Madrid would only receive money on the first $100 transaction. With NFT, you could track every transaction made on this ticket. Real Madrid could even encourage retailers on the fly, as they would collect royalties on each resale.
5) Health When you go to see a doctor, it’s hard to get your record from the previous doctor. The blockchain allows patient record storage and transmission to other physicians in a completely secured way. Furthermore,it would be secured in real time.
6) The law Blockchain could replace lawyers. For example, you could write a will and embed it into an Ethereum-based blockchain that records wills. Then, upon your death, your heirs will use their private keys, and, your wealth will be automatically distributed to authorized persons.
7) Real estate What if instead of taking out a mortgage on your home, you turn 20% of your home into cryptocurrency? Why would people buy that change? Because they think that the value of your home will increase over time and that they will be able to reap a nice benefit from it.