In recent years, NFT is a concept that has colored a lot of ink. A large number of people are interested in it, and it is not for nothing. Some have earned millions of euros by selling a single non-fungible token. If this area still doesn't convince you, here are the reasons that will make you change your mind. Let's find out together why to invest in NFTs.
What is NFT?
To put it simply, the NFT (non-fungible token) is a digital asset that guarantees exclusive 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 crypto-graphed digital asset based on the blockchain. It has unique data, which makes it possible to distinguish them from each other.
It should be noted that the traded volume of NFTs exceeded the $13 billion mark in 2021. To learn more about NFTs, check out 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 mondialdesjeux.com/play-to-earn site.
The growth potential of NFTs
In recent months, the growth potential of NFTs has been valued. Thousands of people around the world are investing in it. Moreover, some tokens have been sold for millions of euros.
Recall that the Brazilian striker of PSG, Neymar, spent $ 1.1 million to afford two NFTs from the Bored Ape Yacht Club collection. The viral video "Charlie Bit My Finger" was sold as an NFT asset for $693,000. Deeply's The First 5000 Days sold for $69.3 million.
Note that there are dozens of platforms where to buy or trade NFTs, such as Open sea, Crypto, Raible, SuperRare, Coinbase, Known Origin, AutomicMarket, etc.
NFT, a rare asset
As we explained above, the NFT can only have one owner. This is why it is called "rare".
The scarcity of an NFT means that potential buyers are willing to shell out a considerable amount of money to acquire it before someone else becomes the exclusive owner.
When a person holds a single copy of a product, it creates a rush that makes others want to buy it. It is for this reason that Neymar paid a large sum of money to buy an NFT.
Investing in an NFT is a golden opportunity
Certainly, investing in NFT is a risk to take, like any investment, but it is a golden opportunity to make considerable profits.
Careful! Buying an NFT or creating it does not mean that it will be sold, automatically, in thousands, or even millions, of dollars.
To invest in NFTs, it is essential to create a digital wallet that stores tokens and cryptos. After, you have to find an NFT on OpenSea, Rarible... or another specialized platform. To acquire it, the user must purchase the currency linked to the token and make the transaction.
Once the token is purchased, the person must wait for its value to increase. Truth be told, its value depends on its meaning and the appearance of a person willing to pay money to acquire it.
To put all the chances on your side, it is better to invest in a:
- NFT art
- NFT gaming
- NFT sport
But before making your first investment, it is highly recommended to follow well-detailed training to understand what an NFT is, the steps to follow to create it, where to acquire it, how to sell it, etc...