Neil here.

Enter the world of NFTs, or “non-fungible tokens.”

They’re the newest – and frankly, the weirdest – craze on the block these days. They’re also a little confusing, and I’m going to do my best to break it down today.

Essentially, NFTs are blockchain assets that can represent just about anything digital… like tweets, GIFs, videos, and everything in between. Because each NFT is a unique item, you can’t trade them at equivalency the same as you would a cryptocurrency.

People around the world are snapping up NFTs like wildfire. They’re literally paying hundreds of thousands (and sometimes millions) of dollars to purchase them.

A couple of weeks ago, for example, an NFT of a LeBron James dunk video sold for $208,000. Bids to buy Twitter CEO Jack Dorsey’s first tweet have reached a mind-boggling $2.5 million. Kings of Leon made $1.4 million in Ethereum from the sale of its latest album, the first to go live as an NFT.

If you’re reading all of this and scratching your head, I don’t blame you.

It’s a strange phenomenon, and I’m curious to see how much it continues to explode this year. I’ve heard conversations about NFTs becoming the next big thing for collecting everything from digital art to real estate.

But whether you agree with those predictions, or you think NFTs are just the year’s latest fad, there’s no doubt that they’re part of a blockchain sector that’s not slowing down anytime soon.

There’s a ridiculous amount of wealth floating around in this world, NFTs included. Sure, we’ve all heard about cryptocurrencies like Bitcoin, Ethereum, and yes… even Dogecoin. They’ve been dominating the headlines for the last few months now, and their surge has been practically impossible to ignore.

Right now, though, some of the hottest blockchain trends on the market are the ones that people probably aren’t as familiar with. We talked about NFTs, but another one has to do with a type of cryptocurrency called “specific-use coins.”

These coins were each devised for a unique technological purpose.

Not to mention, they’re smaller than Bitcoin, and many of them could make a killing over the next few years. (For example, experts predict these three coins could see triple-digit gains by just 2026.)

And specific-use cryptos are just the tip of the iceberg.

We’re witnessing an incredible paradigm shift in the way we buy and sell goods, build wealth, and trade currency. The rise of NFTs has shown that the opportunities for blockchain use are basically endless and that it can transform just about every industry out there.

(Just a note: While NFTs are cryptographic assets, they are not cryptocurrencies.)

Will I ever buy an NFT?

Who knows? But I could certainly talk about this for hours.

And in the startup world, I expect to see many more companies either choose to use NFTs or even build an entire business around them.

In short, I’m confident that blockchain – in all its forms – is here to stay. If you haven’t dug deep into the space yet, I think it’s a great time to start learning all about it.

There’s plenty of material out there shared by people who are much more involved in the crypto space than I am, and I encourage you to check it out.

To get you started, here’s a breakdown from my good friend Michael Robinson.

Not only will he run through three specific-use cryptocurrencies that he thinks you should have on your radar… He’ll also come straight to your inboxes with details on the world’s latest and greatest tech trends, way before they hit the mainstream.

If you’re interested, here’s a report with all the details. Just click here to read it.

I’ll be back soon with another update.

Until next time,

Neil Patel