Crypto Pop Culture

Owning A Piece of the World

Glizzy

The age of investing continues to evolve as the market becomes more appealing to retail investors. From Robinhood paving the way to commission-free trading to brokers offering fractional shares, investing is becoming accessible at any level or sized portfolio. It has come with benefits and consequences as new things do. Retail investors have infiltrated the market and “stuck it to the man” but have also seen immense losses across the board. Exposure to crypto is becoming the norm as the currency maintains value and new alternative coins emerge. Within the past year, NFTs have taken the spotlight as the next asset class. The appeal of having a “digital asset” has many investors intrigued but some of the price tags are daunting. The most expensive NFT ever sold was a piece by artist Beeple that sold for $69 (nice) million dollars. The image is a collage of artwork Beeple created over 13 years.

(plz don’t screenshot)

Other pieces from Bored Ape Yacht Club and Imposters Genesis Aliens have a market price of $1,397,110.50. So how could investors take a dive into these beloved and totally useful assets? Through fractional NFT art in a new marketplace co-founded by famous influencer Logan Paul. No this isn’t a meme, I’m serious. Liquid Marketplace aims to grant investors the ability to own a piece (fraction) of some of the rarest items in the world. The website is not solely limited to NFTs but also includes CryptoPunk #6837 ($250k), Logan Paul’s own 1st Edition Pokémon Box, Psa 8 2009 1/1 Michael Jordan Autopatch ($1.9M), and even PSA 8 Pikachu Illustrator ($1.1M). Pauls’ partner, Ryan Bahadori, stated “Hey, why don’t we create a platform that would give people an equal opportunity and really level the playing field and allow them to put whatever amount of money they want into these traditionally unobtainable assets…”(betakit)

It seems as though everyone is attempting to gain a piece of wealth and take a stab at assets with the rise of physical, digital, and cardboard currency (Pokemon cards). The liquid marketplace is still in the works and in all honesty, I feel as though it may not launch at all but the idea is interesting for those who would like a Bored Ape or Funky Monkey or whichever.jpeg is the next big gainer. Other markets like this exist with Masterworks offering a similar opportunity for investors. Masterworks is a marketplace for Artwork such as the Mona Lisa or a Picasso piece. Like Liquid Marketplace, the site offers part ownership of these famous illustrations. It seems as though the sellers and creators of these sites will be the winners in the end. Fees for transactions will be the biggest revenue generators in the coming years and it will be a seller’s market (in a good way). The future is bright and everyone wants to own a piece (get it).