Is it the right time to invest in NFTs?
NFTs are the future of digital transactions and Shine Projects, India’s fastest growing Edtech Company is making a bold move by incorporating it. NFTs basically, are digital tokens in the blockchain network. These tokens are non-fungible tokens having unique worth, unlike cryptocurrencies which are equivalent to another cryptocurrency of the same kind. It’s an entirely new and augmented form of ownership, and it’s all verified on the blockchain.
It is important to understand that the value of NFT will be based on what someone is offering to pay for it. Demand & supply will drive the prices. It should be noted that NFTs are present in a blockchain and are very safe and secure. From a growth point of view the NFT market-cap is forecasted to be more than $35 billion in 2022 and will exceed $80 billion in 2025.
Shine Projects’ course on Financial Markets is the company’s core course driven by the philosophy of promoting Financial Literacy and caters to the age group of 18-35 but can be equally beneficial to anyone with a zeal to understand Financial Markets thoroughly. Shine Projects’ CEO and MD Mr. Sri Harsha himself instructs the course and the student reviews are positive and overwhelming & can be noticed via Google and via YouTube . Also, note that the company already made ₹16 Million in the current FY by offering its flagship course on Financial Markets. This digital course is offered as an NFT offers the buyers, a right to own the course.
The NFT is expected to succeed given the Leadership of Mr. Sri Harsha who constantly engages with millennials and has a massive follower base in social media. After investing, the investor will be eligible for doing the course for free and will attain the completion certificate associated with the course. By holding the NFT on Record dates (i.e. March 31st, June 30th, September 30th, December 31st) the investor will also be eligible to receive the profit accumulated in that quarter accordingly (Payout will be proportional to your % holding and the payout date will be record date + 2 days).
According to the forecast, the company is expected to make ₹100 Million (1.33Mn USD) from the sale of this NFT. The proceeds will be used in improvising the existing business. Apart from that, the director will also start an NFT hedge fund which is another pioneering move in itself.
The factors boosting up the enthusiasm are the collaborations that Shine Projects has- with esteemed institutes like the IITs, IIMs, NITs, and various other technical & non-technical colleges. It has also collaborated with companies like Reliance Nippon Life Insurance, Alfa Laval, etc., and is looking forward to scaling up the visibility among other corporate players. Shine Projects is an ISO 9001:2015 Certified Edtech Company, is a member of t-hub, and is rated as the best startup of the year 2020 and best company in focus 2021 by Prime Insights.
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