My 1st NFT Investment

by Pete Tan · Published October 21, 2021 · Updated October 21, 2021

Last month, I did one of my most viewed livestream with Ben Tan (@heybentan) about…. the NFT space. https://youtu.be/sF9u5K49qjc

However, after the interview, I still don’t understand NFT! Yes, that is still my current take on the NFT space where most of the NFTs are just digital ownership of a JPEG picture.

After the interview ended, I chatted a while longer with Ben and he mentioned about his own NFT project. Frankly, I was thinking to myself.

“I wonder if it is another JPEG picture?”

This month, it was officially launched! Ben shared it with me and it IMMEDIATELY caught my attention.

Why? Because it is not a stupid JPEG picture!

Now let me bring us back to the last interview with Ben. One of the main use case for NFT that we both agreed on is “Tokenisation of Assets”

Tokenisation is similar to shares.

In the stock market, instead of buying the whole Amazon company, you are allowed to buy part of the Amazon company, aka Amazon shares. As Amazon business makes more profit, the company will become more valuable, and in turn, your Amazon shares will be worth more too!

So in the NFT world, it is similar. In fact, there are people using NFT to sell partial ownership of properties (Read: https://www.techinasia.com/hk-fintech-firm-turn-real-estate-nfts-thai-license-grant)

Back to Ben’s NFT project, when he mentioned to me that the NFT will be backed by real assets, I am intrigued to say the least. However, he did not share with me WHAT is that real asset initially.

He merely told me, “We have about 70% of the limited supply in the market”

And with that, I invested in the NFT project – Prometheus. https://www.theprometheusproject.io/enter

Frankly, there was very little I could based on when I invest in Prometheus.

1. Management – Ben is quite a unique guy. When he does something, he becomes laser-focused. So you can say that I am betting on the management in this case.
2. Real Asset backed – At this point, I am already aware that this NFT is not just a silly JPEG picture but a gateway to real valuable asset
3. Small investment – The initial investment into this NFT is only a few thousands, so it is my first venture into the unknown with very limited downside.

WHAT IS THE REAL ASSET?

Here comes the REVEAL! It is actually one of the highest return luxury goods in the past decades – Rare Whisky

(Not the actual ones behind this NFT)

Now, we are not talking about the usual Johnnie Walker or anything you can find in a normal bar. These are rare whisky which are very limited in quantity.

The Knight Frank Luxury Investment Index shows just how investable whisky is.

483% over 10 year period, towering over the other luxury items, and the trend seems to climbing as it attracts younger investors. https://www.scmp.com/magazines/style/leisure/article/3152747/how-whisky-became-smart-investment-millennial-asian

So TONIGHT, I am bringing Ben back to find out more about his latest NFT project – Prometheus.

Live link: https://youtu.be/Myn-mWceAdc
Date/Time: 21 Oct 8pm (GMT+8)

If you are interested in this project or you just want to learn more about the latest investment space of NFT, join us LIVE!

Disclaimer: While this is not sponsored in anyway, I am a friend of Ben and holder of the Prometheus NFT. So I might already be biased in my views.

Before you join us in the NFT sharing, you can check out their Discord channel for more details (it will be a very good lesson on how NFT investment works) : https://discord.gg/gapdTT2p4w

Side Note

The stock market is recovering, invest accordingly.

Let me know if you have any questions. I read all your emails 🙂 “You don’t have to swing at every pitch. “The trick in investing is just to sit there and watch pitch after pitch and wait for the one right in your sweet spot” – Warren Buffett