Why invest in NFTs?

In recent years, the NFT is a notion that has caused a lot of ink. A large number of people are interested in it, and it is not for nothing. Some have made millions selling a single non-fungible token. If this area still does not convince you, here are the reasons that will make you change your mind. Let’s discover together why invest in NFT.

What is NFT?

To put it simply, the NFT (non-fungible token) is a digital asset that guarantees sole ownership. When a person buys an asset at a certain price, its market value fluctuates, since it is a non-fungible token.

the NFT is a blockchain-based cryptographic digital asset. It has unique data, which helps to distinguish them from each other.

Note that the traded volume of NFT surpassed the $13 billion milestone in 2021. For learn more about NFTstake a ride on NewsNFT. The site continues to publish articles and detailed guides to open our eyes to this universe and help us understand it. We also recommend the site mondialdesjeux.com/play-to-earn.

The growth potential of NFTs

In recent months, the growth potential of NFT is clearly valued. Thousands of people around the world invest in it. Moreover, some tokens have been sold for millions of euros.

Recall that the Brazilian striker of PSG, Neymar, spent 1.1 million dollars to afford two NFT from the Bored Ape Yacht Club collection. The viral “Charlie Bit My Finger” video was sold as an NFT asset for $693,000. The First 5000 Days by artist Deeple has sold for $69.3 million.

Note that there are dozens of platforms where to buy or trade NFTs, such as Opensea, Crypto, rare, SuperRare, Coinbase, Known Origin, AutomicMarketetc.

NFT, a rare asset

As we explained above, the NFT can only have one owner. This is why it is called “rare”.

The rarity of a NFT that potential buyers are willing to shell out a considerable sum of money to acquire it before someone else becomes the sole owner.

When someone has a single copy of a product, it creates excitement that makes others want to buy it. It is for this reason that Neymar paid a large sum of money to buy a NFT.

Investing in an NFT, a golden opportunity

Of course, the investment in NFT is a risk to take, like any investment, but it is a golden opportunity to make considerable profits.

Attention ! Buy one NFT or creating it does not mean that it will be sold, automatically, in thousands, or even millions, of dollars.

To invest in NFT, it is essential to create a digital wallet where to store tokens and cryptos. Then you have to find a NFT on OpenSea, rare… or on another specialized platform. To acquire it, the user must buy the currency linked to the token and make the transaction.

Once the token is purchased, the person must wait for its value to increase. To tell the truth, its value depends on its meaning and the appearance of a person who is ready to shell out money to acquire it.

To put the odds on your side, it is best to invest in a:

  • NFT art
  • NFT gaming
  • NFT sports

But before making your first investment, it is highly recommended to follow a well-detailed training to understand what a NFTthe steps to follow to create it, where to acquire it, how to sell it, etc…

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Why invest in NFTs?

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