NFT Backed by Treasure

has made 10 high end shipwreck treasure coins into NFTs to be sold. "At any point in time, the NFTs can be sent back to be burned, and we are able to ship you the physical shipwreck coin. All NFTs are 1 on 1 rep- resentations, of course, because they claim own- ership of the physical piece itself, ours are the first to be backed by physical items," Bissell outlines. With the increased spending seen in the market as people are dropping hundreds of thousands to acquire NFTs in the digital realm, it only seems natural to turn physical items, such as Bissell's shipwreck treasure artifacts, into these NFTs. Prices have continued to skyrocket on what is con- sidered digital artwork, without any physical backing to what the ownership represents. The issue, however, is that ownership of these items is easily influenced by trends following Twitter and Reddit. --- "Stocks can influence our emotions everyday based on theoretical gains or losses. People will have a good or bad day based on their stocks po- sitions even without ever selling them. The saying, "Only thing worse than being in the stock market is being married to someone in the market." Until someone sells the stock, they never made or lost anything. However, their daily emo- tion is tied to their positions regardless of selling," Bissell explains. When NFTs came to the forefront of the cryptocurrency world, Bissell wondered who was going to determine their prices as they moved forward to the future. Curious if NFT pricing would follow the same rules as the high end art market, with dealers and collectors following billionaire and oli- garch taste, or if online message boards such as Reddit groups and Twitter trends would steer where the money flows. --- DENOMINATION" C. G. C 2231-H "HIGH DENOMINATION" 4 $10,000 FEDERAL RESERVE NOTE LIGHT GREEN SEAL" ian-Morgenthau CHOICE 64PQ Uncirculated CURRENCY GRADING & CERTIFICATION, INC. 121-G HIGH DENOME 8 J RAL RESERVE NOTE Urew ICATION, INC. FEDERERVE NYV 000 8 10000H 10,000 TEN 5000 5000 WD FIV SW COLLECTION 1715MO MEXICO SE AS 62 1715 FLEET (26.8g) O'HARROW COL 190000 SUL FIVE SAND 2600000114" 5000 FIVE) 1000 5 F0000 5000 1107 On the flipside, collectibles are different. They do not come with highly fluctuating prices under the influence of the global market, and therefore an easier and less stress inducing investment for the consumer. ER ON DEMAND 10,000 TEY THOUSAND DOA --- "In this uncertain new market, I believe having these NFTs backed by a physical artifact such as shipwreck treasure will add significant stability to the piece in the form of a safety net. The NFT will always be worth at least the price of the physical artifact, which remains very stable. In addition, the population of shipwreck treasure compared to the volume of the cryptocurrency industry, where there's tens of thousands from a single series like cryptopunks, are significantly rarer. The amount of shipwreck treasure will, for the most part, re- main fixed indefinitely, which in turn, makes its value stable," Bissell says. If the stability against the fluctuation of cryptocurrency and stocks wasn't enough to turn the tide towards investing in physically backed NFTs, JR reminds his clients about the status and clout that follows owning a piece of shipwreck treasure. --- "Although it sounds funny, it's still worth mention- ing that owning a rare piece of our planet's history is very exciting. It's a great conversation piece with friends and family, or even potential new clients. Although owning a large share of stock in a company gives someone status, it's not quite as glamorous and alluring of a status symbol as owning an original Monet or an ancient Egyptian artifact," Bissell states. Make sure to follow JR Bissell on instagram here.