Global financial giant deVere Group has launched dV Gems, a non-fungible token (NFT) platform that aims to give investors access to an emerging asset class and streamline digital ownership.
An NFT is a digital asset that can be an image, audio clip, or GIF and whose ownership is recorded on a tamper-proof digital ledger known as a blockchain.
Over the last year, the NFTs market has exploded, with one particular digital-only piece of art smashing records when it sold for $69 million in 2021.
The JPG file made by Mike Winkelmann, a digital artist known as Beeple, was billed as “a unique work in the history of digital art.” It sold in an online auction, beating auction records for physical paintings and setting a new high for an artwork that exists only digitally.
NFT Mania Gathers Pace
Since then, an ever-growing number of celebrities and artists, and fashion, music, tech and sports brands have been creating, buying, and selling non-fungible tokens.
According to Nigel Green, the CEO and founder of deVere Group, one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients, NFTs are an exciting new asset class and they shouldn’t be ignored or dismissed by those wanting to seriously build wealth for the long-term.
“These digital assets are immutable and exchangeable, offering a store of value and potentially decent source returns,” the deVere Group CEO said. “Investors around the world are, understandably, eager to stake their claims in this new ecosystem.
dV Gems Launch
On the launch of dV Gems, Nigel Green noted that there’s enormous opportunity for people to be a part of the creation of the digital financial architecture. And in order to give people access to this, Nigel said they’ve launched dV Gems.
“This platform will help clients and prospective clients spot the winners of the future. We’ll guide you to understand the new market and why we believe NFTs have a massive part to play in the future of financial investing,” Nigel said.
This new digital asset class has value due to the blistering pace of the digitalization of our world.
Rapid Digitization Driving NFT Investments
Millennials and Gen Z especially have digital lives and it’s natural to want to take digital representations of fashion brands, music, and art into these worlds – and now they can with NFTs.
Already one key focus for NFT collectors around the world is sports with major brands, including Formula 1 and the NBA, involved in the marketplace.
James Green, deVere Group Investment Director, said:
“We’re excited to drop our own collection of Sport NFTs. Up and coming sports stars will be able to benefit from the dV Gems NFT Platform.
NFTs are a golden money-making opportunity for the sports industry and also a great way for sports fans to engage with their favourite teams, athletes and historical moments.
People have always loved to own sports collectibles and the dV Gems Platform now offers a new digitised way of doing it.”
deVere Group Ventures Partner, Dr Abdalla Kablan, adds:
“Decentralised technologies are creating new business models which are democratising the way fan engagement and loyalty are captured and compensated.
Market access, secure storage, and cross chain interactions are a few of the advantages of using NFTs to build and reward an engaged loyal fan base.”
Nigel Green concludes:
“deVere has always been ahead of the trend in financial services. Our new NFT platform is another first.
Uniquely positioned to help investors see value and opportunity in a digital financial era, dV Gems will provide immediate access to the decade’s hottest emerging asset class – an asset class that will become a standard feature of investment portfolios within a few years.”