You may have seen the news about non-fungible tokens or NFTs. These seem to be everywhere today. There was a Saturday Night Live skit on them this weekend.
I don’t know about you, but I can’t understand why you’d want to deal in non-fungible tokens when you can get fungible tokens. As my friend says, “What’s not to like about 100% more funge!”
The great part about fungible tokens is that it is a completely untapped market. I think I can own it all to myself.
It took me some time to figure out what was the best thing to sell. Some famous people like Jack Dorsey sold his first Tweet. It seems like firsts go for a lot. So maybe I should sell my first post on Lazy Man and Money? It’s nearly 15 years old now and starts off with a sentence that might make me the first FIRE blogger:
“This blog is about a man, a lazy man, and his quest to not only retire early, but to retire rich enough to live a comfortable lifestyle.”
That’s too easy though. I think I may sell that second. No, my best post for selling fungible tokens would definitely be my bitcoin article from 2011. It’s almost 10 years old now. I could have bought a bitcoin for $13, but of course, I never did. I missed my chance for millions and millions of dollars…
… at least until recently. I’m a big fan of recycling, and fungible tokens (along with non-fungible tokens) gave me that chance. I was able to sell the bitcoin article for $2,021,040.10. I can’t believe that I was able to get so much from just a little work back then. I guess some people really like the idea of using the blockchain to buy an old article about the blockchain.
The good news is that this extra $2M puts us firmly into the early retired territory. It has always been close, especially if we continue to send the kids to private school. This changes the math considerably. It gives us some money for now, and should completely fund their college.
They’ve still got a decade before the college expenses come rolling in. This should give me more time to reinvest the funds into more fungible tokens from others and make 10x more money!