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The Price of Love

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Roses are red, violets are blue, prices are rising, so here’s an NFT for you

Towards the end of 2022, the Singapore government announced that the GST was going to be raised from 7% to 8% in 2023, which led to a wave of worry over rising prices. Christmas and LNY were already close enough, but add Valentine’s Day to that mix and couples around the island start to tighten their wallets in anticipation. 

Remember, the prices of flowers and chocolates go up nearly 2 to 3 times during Valentine’s Day thanks to the commercialisation of the festival (did you know that over 250 million roses are grown specially for the event!). With consistently rising prices in this day and age, it might be more romantic to give a good piece of investment, like gold, or crypto currency  than flowers to your other half.

Plus like Miley says “I can buy myself flowers”, it’s time to up your gift giving game for this year’s Valentine’s Day find out if are there better gifts for your other half!

1. The Price of Bitcoin

Everyone knows about the wonder that is Bitcoin, but would this make a valuable gift? According to an article by Finbold, Bitcoin is projected to stand at $23,868 this Valentine’s Day. Well, while that might be quite the pricey amount to spend, it’s definitely a good idea to consider switching your love gifts this year!

You would even be leaving an inheritance (or your retirement plan) behind with one gift.

2. The Price of a Picture

If the Bitcoin is a little out of your range, you could also consider getting the Belvedere museum’s latest NFT drop of Gustav Klimt’s “The Kiss,” one of the world’s most famous works of art (depicting a pair of lovers!).

This is a collaboration with the artèQ investment fund, and will be released just in time for Valentine’s Day as a limited number of digital artworks.A high-resolution digital copy will be divided into a 100-by-100 grid, resulting in 10,000 inimitable individual pieces that will be offered as NFTs.

As general director of the Belvedere Stella Rollig said, “What does it mean to own a work of art in the digital age? The rise of NFTs, which has preoccupied the art world since 2020, has given fresh impetus to this intriguing question. The conversion of digital reproductions into virtual originals opens up new forms of participation that, in financial terms, should be taken seriously, yet can also be viewed playfully.”

Proving that NFTs are on the rise not only as collectibles, but also as gifts for special occasions.

3. The Price of a unique love

A customised NFT portrait of Singles Inferno contestants Nadine and Shin Seul ki

Of course, if you want something that is uniquely yours (like a tattoo), you could opt for Capitalistor’s customisable NFTs! Whether it’s a cute picture of your significant other, or a special image of their favourite idol (BTS, Singles Inferno, you name it, we got it), this is sure to be one memorable and worthy present! Because it not only has your heart in it, it has investment value too. 

Simply contact the team on Instagram, Facebook, Twitter or Discord (remember to follow and join their social media for more!) to discuss how they can help you to get the perfect NFT for your loved ones (or yourself, self love is the name of the game). 

And while we can never put a price on love, there is the price of love (rising GST, HDB prices etc). But regardless, love is in the air, and we’d like to wish everyone a Happy Valentine’s Day❤️

The Price of Love Read More »

CNY Ang Bao Level 100: Physical money to NFT

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When you were young, what did you look forward to the most during Chinese New Year? The snacks? The games? The family? Well, like most of us would say it was probably when we received our precious red packets of money (of course, I’d never say this aloud, bad manners and all), but personally, I  especially enjoyed receiving unique red packets. For those who don’t know, this is a Chinese tradition where married couples give red packets to younger, unmarried relatives (of a younger generation) during CNY as an act of giving blessings and well wishes (for the new year!)🧧

You see, I loved collecting ang bao packets (red packets) because I thought they were really pretty and uniquely Chinese. Velvet, pleated, printed and ones with my Chinese name on it were all kept in a shoe box and hidden away. 

But over time, these ang bao packets were left to collect dust, and I had to clear them out to make space for other hobbies as I grew older. Even so, I still love looking out for one or two more special red packets to keep, maybe to show my children and grandchildren in the future. And I know that many of you would understand that sentiment too!

And yet, with the passing of time, physical red packets are slowly becoming ‘old-fashioned’. Especially with the unexpected pandemic, when house visiting was stopped, family and friends still showed their blessings by gifting digital red packets. Even now that Covid rules have been lifted, sending digital red packets might become a more apt way of proceeding. 

As part of our initiative to go green as well, Singapore’s MAS has taken the chance to encourage citizens to send digital ang baos this upcoming Chinese New Year. But if you think that just sending money is tacky, here are some alternatives!

Upgrade 1: NFT Ang Baos

If you know relatives who love collecting cute ang bao packets like me, giving them a piece of art to remember you by might be a good choice! 

The AngbaoNFT Prosperity Collection would be a great place to start looking for your first digital ang bao NFT. This collection presents the Zodiac signs with familiar additions using pixelated art. Some of our favourite ones include the very stylish Monkey with Elton John Sunnies on carrot (so retro!) and their very adorable Chick with Eye Patch on Chili.

 

 

 

 

 

Monke with Star Glasses on Chili (left), Chick with Eye Patch on Chili (right). Images taken from AngbaoNFT Prosperity Collection Opensea

Instead of giving out cash (which depreciates), why not consider giving these cute collectible NFT red packets and truly give the gift of growing prosperity?

Upgrade 2: Gift Cards

Look, we get that just sending money might feel tacky, so why not consider giving out gift cards instead? You could give your favourite niece a gift card to Amazon, Shein, Shopee, Lazada… really anywhere you think they’d shop at. This could be a good way of showing how thoughtful and thorough you are.

Of course, if that’s not up your alley and you still rather give cash (but more subtly), DBS has found the perfect way for you to do it with their QR Gift Cards.

Find out more here

Upgrade 3: Customise your NFTs 

And of course, if you prefer a personal touch to your Chinese New Year NFT, why not try customising your own special NFT with Capitalistor? Simply contact the team on Instagram, Facebook, Twitter or Discord (remember to follow and join their social media for more!) to discuss how they can help you to get the perfect NFT for your loved ones (or yourself, self care is important too). 

Imagine giving out these NFTs for Chinese New Year, you are sure to be the most popular adult there!

Whether you decide to go the traditional way of giving out red packets or want to try something new, Chinese New Year is a great time for you to spend time with your loved ones. And here at Capitalistor, we want to wish you a

🏮Happy Chinese New Year🏮

 

Let’s spend 2023 making a revolution together!

 

CNY Ang Bao Level 100: Physical money to NFT Read More »

What is NFT?

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The market of NFT has been evolving over the years. It is anticipated that the value of the worldwide NFT market will increase from USD 3.0 billion in 2022 to USD 13.6 billion by 2027, representing a compound annual growth rate (CAGR) of 35.0 percent from 2022 to 2027. The acceleration of the speed of the expansion of NFT may be attributed to a number of important causes, including the growing influence of celebrities on the adoption of NFT, the modernizing of the gaming industry, and the gradual but ongoing rise in demand for messages or images.

The non-curated platforms offer producers unrestricted access, in contrast to the curated platforms, which adhere to strict guidelines in regard to the selection of creators. On NFT platforms such as SuperRare and Nifty gateway, content providers are required to submit an application form that is accompanied by tough selection criteria and a lengthy waiting period for the decision of the platform’s experts.
Because of this, non-curated platforms have gained a lot of traction among creators as a viable option for selling their digital goods. Many different firms are becoming involved in the NFT market in order to increase their existing growth.

What is NFT? Read More »

About the Financial System

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The market of NFT has been evolving over the years. It is anticipated that the value of the worldwide NFT market will increase from USD 3.0 billion in 2022 to USD 13.6 billion by 2027, representing a compound annual growth rate (CAGR) of 35.0 percent from 2022 to 2027. The acceleration of the speed of the expansion of NFT may be attributed to a number of important causes, including the growing influence of celebrities on the adoption of NFT, the modernizing of the gaming industry, and the gradual but ongoing rise in demand for messages or images.
The non-curated platforms offer producers unrestricted access, in contrast to the curated platforms, which adhere to strict guidelines in regard to the selection of creators. On NFT platforms such as SuperRare and Nifty gateway, content providers are required to submit an application form that is accompanied by tough selection criteria and a lengthy waiting period for the decision of the platform’s experts.
Because of this, non-curated platforms have gained a lot of traction among creators as a viable option for selling their digital goods. Many different firms are becoming involved in the NFT market in order to increase their existing growth.

About the Financial System Read More »