NFT Investing for Prudent Investors

NFT Investing for Prudent Investors

NFT Investing for Prudent Investors

Technical, Legal, and Commercial aspects of NFTs for proper Due Diligence

Language: english

Note: 4.7/5 (17 notes) 3,248 students

Instructor(s): Sam Ghosh

Last update: 2022-04-23

What you’ll learn

  • Legal and commercial aspects of NFT transactions
  • Fundamental nature of NFTs and NFT transactions.
  • Technology behind NFTs
  • NFT Due Dilligence
  • Different types of NFTs and their use
  • Return and Risk sources for investing in NFTs

 

Requirements

  • Some understanding of financial and legal processes will be useful.

 

Description

Update: 23rd April 2022.

Added GitHub repo link for the NFT Minting System. If you are technically inclined, you can download the project and give minting NFTs a try.

The link is available in Section4: lecture 9 – “Is it possible to have multiple NFTs with the same asset?”


From merely 25 million USD in 2019 annual trading volume of NFT or Non-fungible tokens reached 17.7 billion in 2021.. which is more than 700 times in 2 years….and the average price of NFTs increased from merely 15 us dollars to more than 800 us dollars.


But amid all this exuberance, there are a lot of misconceptions about the very nature of NFTs and NFT transactions.


These misconceptions have created two distinct groups – advocates of NFTs who claim that NFTs are going to disrupt the creator economy..another group who think that the whole NFT system is fraudulent and compare it with the Tulip bubble.


As in the case of all things – the truth is somewhere in between and much more complex.


While the rapid increase in the trade price of NFTs points to a market driven by hype, the fundamental technology behind NFTs has tremendous potential in various industries.


Now, this course is designed for investors who are interested in adding NFTs to their portfolios but do not want to take impulsive decisions and want to perform proper due diligence. This course does not consider NFTs as a groundbreaking revolution nor as instruments to carry out fraud. This course considers NFTs as another type of prospective investment which needs to be understood not only from a return perspective but also from a risks and liability perspective.


 

Who this course is for

  • Anyone who wants to add NFTs in their portfolio and carry out proper due dilligence.

 

Course content

  • Misconceptions about NFTs
    • Misconceptions about NFTs
  • Course Introduction
    • Course Introduction
    • Who is this course for?
    • Course Outline
  • What NFTs really are?
    • What does an NFT look like?
    • Fungible and Non-fungible Tokens
    • Off-chain and On-chain Assets
    • Bottom Line
  • How unique are NFTs really?
    • Is it possible to have multiple NFTs with the same asset?
    • NFTs with stolen or counterfeit assets?
    • How secure are the assets?
    • Multiple platforms and blockchain networks
    • Bottom Line
  • What do you buy when you buy an NFT?
    • Asset or a Token
    • What kind of rights do you get with the purchase?
    • Bottom Line
  • Hidden terms and liabilities
    • Copyright Restrictions
    • Limitations on monetization or transfer
    • Perpetual Royalty
    • Bottom Line
  • The underlying technology of NFTs
    • Distributed Ledgers
    • Blockchains
    • Smart Contracts
    • Tokens
    • IPFS
    • Public Address and Private Keys
  • What does NFT tech enable?
    • What does NFT tech enable?
  • What kind of assets can an NFT represent?
    • Collectibles
    • Gaming Assets
    • Art
    • Metaverse Assets
    • Utility and Finance
  • Types of NFT issuance
    • Centralized Issuance
    • Decentralized Issuance
  • Types of NFT Markets
    • Primary Markets and Secondary Market
  • Types of NFT Pricing
    • Fixed and Auction Pricing
  • NFT Return Sources
    • Price Appreciation / Capital Gains
    • Renting Out NFTs
    • NFT Royalties
    • NFT Staking
  • Risks associated with NFT Investing
    • Speculative Forces
    • Frauds
    • Regulatory Risk
  • Costs and Taxes associated with NFT Investing
    • Transactions costs (Gas)
    • Platform Charges
    • Seller Taxes
    • Buyer Tax
  • NFT Legal Aspects
    • Are smart contracts real contracts?
    • Enforceability and Jurisdiction of the Contract
  • NFT Due Diligence
    • Qualities of the asset
    • Asset Authenticity
    • Issuer Authenticity
    • Asset custody
    • Smart Contract Audit
    • Contract Terms
    • Off-chain contract.
    • Transaction History
    • Legal enforceability of contract terms
    • Future liabilities to the issuer
    • Bottom Line
  • Potential NFT Applications
    • On-chain Assets
    • Securitization and Tokenization
    • Real Estate
    • Fractionalization
    • Securities
    • Identity Verification and Registration
  • Thank You
    • Thank you

 

NFT Investing for Prudent InvestorsNFT Investing for Prudent Investors

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