NFTs — Inflation Protection?

Last week, I bought a Degenerate Ape. Spent 40 SOL, which at that moment was equivalent to about $6,000.

Specifically, I bought this one.

And I did so for a specific reason: Inflation.

If you want to stop reading now, I understand. Inflation is the anti-Viagra for any conversation not involving an economist or a member of the Federal Reserve Board of Governors.

But if you keep reading, I will tell you why NFT’s such as Degen Ape Academy, Bored Ape Yacht Club, Thugbirdz, CryptoPunks, and a few other projects are likely to hold up well in an inflationary era.

In fact, I’ll tell you why NFTs as an investment class are likely to hold up well, and why it is that I have my eye on several other under-the-radar projects that will likely see long-term prices increases.

To be clear, many NFT projects will suffer because the project is flawed, the team is inexperienced, and the roadmap is hopeium laced with BS. That has nothing to do with inflation, and everything to do with the rash of me-too projects that litter the NFT space these days.

First, I have to offer one quick bit about inflation to set the stage: Inflation is a decline in purchasing power. The dollars you own today can’t buy the same amount of Happy Meals tomorrow.