What It Means for Investors

What It Means for Investors

Description/Paper Instructions

Kenya’s NFT Boom: What It Means for Investors

Kenya’s recent boom in non-fungible tokens (NFTs) has caught the attention of investors worldwide. NFTs are digital assets that are verified using blockchain technology, making them unique and non-interchangeable. In Kenya, artists, musicians, and creatives have taken advantage of this new market to sell their creations, generating significant income.

NFTs are typically sold on online marketplaces, with buyers bidding for ownership of a particular digital asset. The unique nature of NFTs has created a sense of scarcity, driving up their value in some cases. Some NFTs have sold for millions of dollars, making them a potentially lucrative investment opportunity.

For investors looking to take advantage of Kenya’s NFT boom, there are several factors to consider. First, it’s important to do your due diligence and research the artists and creators selling NFTs to ensure that they have a solid reputation and that their work is in demand. This can help you avoid investing in NFTs that may not hold their value in the long run.

Second, investors should be aware of the potential risks associated with NFTs. The market for NFTs is still relatively new and can be volatile, with prices fluctuating rapidly. Additionally, NFTs are not yet regulated in Kenya, making it challenging to resolve disputes or protect against fraud. Therefore, investors should approach NFTs with caution and only invest what they can afford to lose.

Third, investors should consider the tax implications of investing in NFTs. In Kenya, NFT sales are subject to capital gains tax, which is currently set at 5%. This means that any profits made from selling NFTs are taxable, and investors should factor this into their investment strategy.

Finally, investors should consider the long-term potential of NFTs as an investment. While the market is still in its early stages, some experts predict that NFTs could become a significant asset class in the future, with more investors seeking to diversify their portfolios with digital assets. As such, investing in NFTs could potentially offer significant returns in the long run.

In conclusion, Kenya’s NFT boom presents an exciting investment opportunity for investors looking to diversify their portfolios and capitalize on the growing market for digital assets. However, investors should approach NFTs with caution, conducting thorough research and understanding the potential risks and tax implications associated with this new asset class. Ultimately, the success of NFTs as an investment will depend on their long-term potential and ability to maintain their value in an ever-changing market.

What It Means for Investors

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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