Why you should buy NFTs on BISKET?
In our previous blog post, we talked about how non-fungible tokens (NFTs) have revolutionized the way we authenticate, track, sell and buy art. Thanks to the NFT, for the first time in history, collectors are now able to claim true ownership of unique digital art pieces.
In a digitalized society where everything is available at the click of a button, digital art was particularly prone to forgery and theft, which is why collectors often avoided purchasing it. However, NFTs offered a safe and bulletproof way of eliminating fraud and collecting digital art. As a result, the demand for this type of art skyrocketed practically overnight.
The year 2021 was a year of the NFT craze, with certain NFT artworks reaching multi-million-dollar prices. And the NFT craze shows no signs of slowing down. Currently, non-fungible tokes are all the rage in Canada, where people are increasingly spending their savings on NFTs as an investment that’s expected to blow up in the future.
In the auction market, the buyers went crazy for limited edition NFTs known as the CryptoPunk. CryptoPunk is an original, collectible limited edition of 10,000 NFTs featuring digital characters with proof of ownership placed on the blockchain. Currently, some of these collectibles are a part of a Christie’s and Sotheby’s auction where the most valuable of them, reached a record-breaking price of $11,750,000.00. In fact, these lovable NFT characters, made by an American software company Larva Labs, have become so popular that you can buy one at a Sotheby’s auction right now. All you need is 100,000 GBP to start the bid.
Slowly, but surely NFTs are becoming an integral part of the art market. Understanding the uniqueness of NFTs and their value can help people make sound investment choices, in an unpredictable financial market. That’s why in this blog post, we’ll look into a few ways you can use NFT as a sure investment and a way to make a profit. Here’s how our legal OTC platform BISKET ART can help you in the pursuit of your next investment.
How to Turn Crypto into Cash through a Legal OTC Platform
Unfortunately, with the rise of popularity of cryptocurrency and its wider use, certain countries are beginning to tighten the control and supervision of its ownership and trade. In some countries, cryptocurrency has even been banned, forcing people to find new, legal ways to quickly cash in on their coins.
For example, the crypto trade has been banned in China since 2019. Despite the ban, Chinese people continued to trade their crypto coins through the foreign exchange markets. Realizing that people are avoiding the ban, the Chinese government has begun a crackdown on these illegal activities. In June 2021, they issued a warning to banks and payment platforms to stop any transactions of the cryptocurrency coins like Bitcoin and Ethereum.
Mining the currencies through the use of powerful computers has also been banned. Trading foreign exchange sites is now also outlawed, with China promising that they will prosecute and punish anyone involved in this illegal activity. The Chinese ban has had a tremendous effect on the entire cryptocurrency market, as the Asian country is one of the biggest producers of crypto in the world. It is not surprising then, that during the week that the ban was published Bitcoin fell from $45,070 to $42,363 for a coin.
However, China isn’t the only country that is setting bans and restrictions on the cryptocurrency trade. Countries such as Algeria, Bolivia, Turkey, Columbia, and many others, have imposed bans and restrictions on cryptocurrencies such as Bitcoin or Ethereum. With the restrictions and tighter regulations in the field, many people are forced to turn their cryptocurrencies into other types of legal assets. However, with many restrictions already in place, it is actually getting increasingly difficult to turn crypto into cash.
That is where BISKET ART comes in!
BISKET ART is a legal over-the-counter (OTC) platform, where crypto owners can buy an artwork as an investment and then later resale it through our special feature – the Guarantee market platform. A company stationed in London, England, BISKET ART enables crypto owners to purchase masterpieces of fine art, digital art, and anime, and then resell these pieces for the same price. When the sale is completed, every buyer will receive overseas remittance and a receipt for the artwork, thus making it legal. Despite being located primarily in the UK, BISKET ART has branches all over the globe. With offices in New York in the USA, Tokyo in Japan, and Seoul in South Korea, BISKET ART covers the worldwide market. You don’t have to be in Europe to buy art on BISKET ART, we accept clients from all over the world!
But how can you be sure that you’ll get your money back?
In order to ensure the return of investment for its users, BISKET ART has established a revolutionary Guarantee market platform section. In this section, you will find pieces that are guaranteed to maintain their value even years after purchase. So, if you buy a piece from BISKET ART, the company will guarantee a return of investment up to 5 years after purchase, while our express program allows you to get your money back regardless of the time frame.
If a buyer (who bought an art piece with cryptocurrency) wants his or her money back and can not get the desired price on the market, he or she can sell the artwork back to the BISKET ART for the buying price. In this model, a company guarantees that it will buy back the piece at 100% price if the buyer wishes to resell. Upon purchase, BISKET ART will issue you a remittance, and an invoice, which you can use to prove that your money came from selling art and not from the illegal crypto trade. That way you can turn your crypto into art, and then turn it into cash by selling your art at the Guarantee market platform. The best of all is that BISKET will only get a 3% settlement fee during the event period.
Introducing The Guarantee Market Platform
If you choose to purchase pieces on the Guarantee market platform, artwork from this marketplace can be resold for either cash (USD) or a USDT, a cryptocurrency made by the Hong Kong company Tether. We at BISKET ART know how difficult it can be to sell an art piece on the market particularly if you require a fast and speedy turnaround. That’s why we invented this 100% bulletproof way of getting your money back. This way you can enjoy art buying and collecting without worrying about a financial loss. Here’s how it works.
The clients choose whether they want US dollars to be wire transferred to their Bank Account or USDT transferred to their wallet. If you acquired an art piece for USDT, you can resale it for cash without limitation. The opposite also applies, if you purchased art in cash you can resale it for USDT. If you choose to get USDT for your art piece, the processing payment will last only a few hours, while you can wait up to one month to get the money in USD.
How to Make a Return on Your Investment
But this Guarantee market platform is not intended only for those looking to turn their cryptocurrency into an asset. It is also a perfect choice for those just starting out on their first collection. Most collector newbies aren’t knowledgeable enough about art to ensure that the artwork they buy will pay off in the end. If you are one of those art collectors, who is struggling to make that very first purchase, we suggest you play it safe and purchase some of the works marked with the Guarantee market stamp. That way you’ll know you won’t lose money on your investment.
However, we must mention that our artworks are being picked from emerging artists whose prices are always on the rise. By carefully selecting up-and-coming artists, we have ensured that artworks sold on BISKET are rapidly gaining more traction on the art market. Most artworks featured on our legal OTC platform provide a 20% return of investment to buyers, while the price of digital art is known to rise 300% in value in only a few months.
By purchasing art from BISKET ART you will not only own a one-of-a-kind work of art, but you are also extremely likely to earn money on resale. That way, buying art from our marketplace is not only a great choice for those looking to cash in on their cryptocurrencies without breaking restrictive laws, it is also a great way to make a profit from investing in art by young and exciting artists.