With the world moving towards a digital era, entrepreneurs have begun to pursue their goals. The development of technology has given an advantage to many creative individuals to adapt to the epoch of technology. Cryptocurrencies have risen in value, paving the way for other similar tokens like NFTs to surge in the market, attracting successful individuals like Sean DeMarco to take interest. Successful in several endeavors like DeMarco Enterprises International, the young millionaire has steered his company to venture into NFTs.
Sean DeMarco has built a solid reputation as one of the most driven individuals under 30 to dip into business and other DeMarco Enterprises International, Inc. reaching record 7 figure investment profits in 2020. DeMarco Enterprises International, Inc. thrives in the investment industry, helping clients turn their dreams into reality. Recently, DeMarco has shifted his attention to NFTs, the latest trend of the digital world, and believes it holds many potential moving forward.
“Our corporation believes that NFTs are here to stay,” said DeMarco, “Like cryptocurrency, with the right research, certain NFTs can be great investments because you can buy them and flip them for a higher return. Sometimes within days or hours.”
While he believes in the potential that NFTs hold, DeMarco is not delusional to delve immediately into the trend. He believes it takes plenty of research to distinguish which projects can be winners and which ones are not. Upon conducting his own research, DeMarco realized that a majority of those projects were not. In the sense that no two or the same, Sean DeMarco likens the value of NFTs profitability from signed baseball cards, to digital art.
“As more and more people understand what an NFT actually is, we believe this asset class will explode,” said DeMarco.
“When an asset is non-fungible, it holds more value,” he explained, “Whereas a fungible asset you are getting value for value. With non-fungible assets like NFTs, there would be a digital certificate attached to the NFT, so it creates scarcity value. You can buy an NFT with pretty much anything, from certain types of digital arts and graphics to music to even digital social media posts.”
Sean DeMarco believes that NFTs and real estate are alike. They are property and investments that increase in value. A holder may choose to collect favorite collectibles, or they are doing it for an investment to sell later at a higher return. DeMarco Enterprises International believes that people looking to invest in NFTs should either hire a professional or take the time to research because only specific projects will last due to basic economics.
Sean DeMarco and his company encourage people to join networking groups and channels on the Discord app to get more information about the tokens they are planning to get.
“Because if there is an abundance of supply of something and low demand, then most NFT projects will fail,” explained DeMarco.Learn more about DeMarco Enterprises International, Inc. by visiting their official website.