The program is free and available to everyone regardless of age, location, or financial status. “It’s important that we include all people when we teach about NFTs,” said Alan Gordon, Founder of Utopia University. “NFTs have unique financial properties, in many ways are similar to real estate, so they represent the best chance for non-wealthy people today to acquire wealth.”
We’ve all heard that NFTs are a perfect market for small individual investors, but why have so many people stayed away? Because it’s confusing, says Gordon. “Obviously, everyone is talking about NFTs, but the language of cryptocurrency is still unfamiliar and confusing to most people. Nobody will invest, even a small amount of their money, in something they don’t understand.”
But it’s more than just the terminology that’s confusing. Setting up the necessary trading accounts is challenging, and even after the accounts are established there is a dizzying array of dogs and monkeys, weasels and whales to research and choose from. “Currently, the NFT market appeals to the Minds of younger people who are not locked into older ways of thinking about money,” says Gordon, “but I’m here to tell you that NFTs are for grandmas and grandpas, moms and dads, customer service reps, nurses, teachers, and EMT workers. We want everyone, regardless of background or economic status, to understand how NFTs work and why they are so well suited for non-wealthy individuals.”
Despite the promise of NFTs, they remain speculative investments, so Gordon and most other experts caution individuals not to invest more than 10% of their assets into NFTs and cryptocurrency.
In 2014, artist Kevin McCoy launched the first NFT collection. Then in 2017, CryptoPunks became the first notable NFT collection on the Ethereum platform. The global NFT market has practically exploded since then as it has gained mainstream awareness. Between 2020 and 2021 NFT sales grew from $95M to a staggering $25B, and of course with that explosive influx of money, many individuals became very wealthy.
Now airlines, sports leagues, retail and restaurant chains, the real estate and finance industries – all have begun weaving NFTs into their business strategy. Universities are experimenting with NFTs as a way to verify transcripts and diplomas.
Despite the exploding popularity of NFTs and the growing number of mainstream use cases, most people are still unaware of how NFTs actually work which makes the launch of the 24-hour live NFT education discussion group particularly timely. Says Gordon, “It is very important that as many people as possible become NFT literate right now so they can fully participate in the variety of emerging applications.”
According to Gordon, he has spoken to people young and old, and found that most people are still quite confused about NFTs. “In our support center, we break it down into small steps and we use language they understand. We explain the opportunities and the risks of investing in NFTs. Once we get them past the initial stage of confusion, they become empowered to participate in this emerging, but very important financial model.”
For further information about the free NFT Support Discussion Group and participate in the initiative as well as other projects from Utopia University, visit – www.utopiauniversity.org and on Twitter with the #ProjectUtopia99.
About Utopia University
Utopia University is an innovative private organization based on enlightened principles. The goal is to provide a trust-based space where all members can blossom into a full expression of themselves, explore their highest abilities, rise to follow their true passions, become abundant in their thinking, and build toward the very best version of their future.