Are you looking for a new NFT investment that is good for the long term? Then you might want to take a look at Veefriends and BudBlockz. Both are NFT collections that have strong long-term potential because of their famous founder and real-life use case.
But before diving into the details for both collections, we first need to look at how you can find good NFTs for long-term investment.
How to Find Good NFTs for Long-Term Investment
There are thousands of NFT collections, and new ones are coming out daily. So, how do you find the NFTs that offer a good investment opportunity?
Successful NFT collections almost always fall into two categories: they grow because of hype, or their utility. Many of the biggest NFT collections, like BAYC and Azuki, have mostly become so expensive because investors love the art or because the company behind it has very good marketing, making the NFTs more sought-after.
However, the successful ones have all made it to the top because they also offered real-life use cases, like access to an exclusive community or future airdrops. That brings us to the second category: good utility. While those NFTs might not be among the most expensive, except for digital land, they are far more predictable and rely less on speculation. Instead, it is easier to estimate their potential value based on the utility they offer. Veefriends mostly fall under the second category, while BudBlockzGanja Guruz falls under the second.
Why Veefriends Might Be a Good Long-Term Investment
Veefriends is an NFT collection by Gary Vaynerchuk, one of the most well-known digital marketers and entrepreneurs. He created the NFT collection because he wanted to create a community to connect like-minded people around creativity and business. As an NFT holder, you get access to a private membership group and a ticket to VeeCon, a multi-day NFT conference hosted by Gary Vaynerchuk.
Veefriends have mostly grown in value because of their famous founder. Like NFTs by famous artists, the hype around the person behind the collection often drives us to the prices. However, Veefriends are a unique combination of the first and second categories, also offering utility in the form of access to a private community and a huge conference. This combination of hype and utility makes it one of the best NFTs for a long-term investment.
Why BudBlockz Might Be a Good Long-Term Investment
BudBlockz’s NFT collection called Ganja Guruz is an NFT collection driven by utility. BudBlockz is the first decentralized e-commerce marketplace for the cannabis and marijuana industry. As such, it taps into a potential $176b market cap that is only just opening up. BudBlockz’s NFTs allow you to own a portion of that industry by giving you fractional ownership. This means that you can actually buy a part of the farms and dispensaries in a decentralized manner which is completely unique. Plus, NFT holders will also be able to complete a KYC process that allows them to have global access to all the verified stores automatically.
If cannabis becomes legalized on an even bigger scale, there is enormous potential for fast and explosive growth. And since there are only 10,000 NFTs in the Ganja Guruz collection, increased demand for fractional ownership and exclusive NFT bonuses will drive up the prices quickly. And unlike Veefriends, you do not have to spend several ETH to own one. The Ganja Guruz collection will be launched at a fair price in 2023, allowing you to be one of the first investors in an up-and-coming profitable industry.
Final Words
Veefriends and BudBlockz are two NFT collections that have huge potential as long-term investments. Holding both will allow you to profit from both NFT categories that have a high success potential. But if you prefer the cheaper option, BudBlockz will allow you to buy an NFT at a fraction of Veefriends’ price.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
