Loading ...
Tuesday, March 23, 2021
The National - Everything you need to know about investing in NFTs – Pocketful of Dirhams
By Devesh Mamtani in 'Century in News'
Devesh Mamtani , Special to The National Mar 23, 2021
Devesh Mamtani of Century Financial outlines the best ways to invest in digital art, videos and tweets
NFTs – or non-fungible assets – have been making waves in the investing world after digital artist Beeple sold his Everydays: The First 5,000 Days artwork for an eye watering $69.3 million at a recent Christie’s auction.
There’s no arguing that alternative investments, such as collectables like cars, antiques, autographs and long-lost letters penned by the rich and famous, have been around for a long time.
But would you be willing to pay $2.5 million on Twitter founder Jack Dorsey’s first tweet, or what about $400,000 for a piece of video art that lasts less than a minute? And let’s not forget – we can already view these on the internet for free.
But what exactly are NFTs? What makes them valuable and are they an asset class worthy of our attention?
Host Felicity Glover, the Personal Finance Editor at The National, is joined by NFT expert Devesh Mamtani, the chief market strategist at Century Financial in Dubai.
Source:The National__1462972547.jpg)
__930372651.jpg)
__1330386539.jpg)
Regulated by SCA
Century Financial Consultancy LLC
Reach us:
-
Dubai
6th Floor, Building 4, Emaar Square,
Downtown Dubai, P.O. Box 65777,
Dubai, United Arab Emirates -
Abu Dhabi
Office 3014, 30th Floor
Tamouh Tower, Building 12, Marina Square,
Al Reem Island, Abu Dhabi - +971 (4) 356 2800
- info@century.ae
Disclaimer: Trading in financial products carries risk. Trading in leveraged Over-The-Counter (OTC) Derivative products (including Contracts for Difference (CFDs) and spot foreign exchange contracts) involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. OTC Derivative products / CFDs are complex financial instruments that do not confer any claim or right to the underlying financial instrument. Transactions in these instruments are very risky, and you should trade only with the capital you can afford to lose. Before deciding to trade on these products, you should consider your investment objectives, risk tolerance and your level of experience. Accordingly, you should ensure that you understand the risks involved and seek independent advice from professionals, if necessary.
Century Financial Consultancy LLC (CFC) is duly licensed and regulated by the Securities and Commodities Authority of UAE (SCA) under license numbers 20200000028 and, 20200000081 to practice the activities of Trading broker in the international markets, Trading broker of the OTC derivatives and currencies in the spot market, Introduction, Financial Consultation and Financial Analysis, and Promotion. CFC is a Limited Liability Company incorporated under the laws of UAE and registered with the Department of Economic Development of Dubai (registration number 768189). CFC has its registered office at 601, Level 6, Building no. 4, Emaar Square, Downtown, Dubai, UAE, PO Box 65777.
Any content available on our website is presented solely to provide information and educate visitors. Under no circumstances is any of this content meant to be construed as an offer, recommendation, advice, or solicitation to buy or sell securities or other financial products.
This website's information is not intended for use by anybody residing outside UAE or where such use would violate local laws or regulations.
