NFTS? What are they? Is it a Ponzi scheme?
Note: To be clear, none of the following should be taken as investment advice. Do Your Own Research DYOR.
It was James Surowiecki, a Columnist for the state who said "investing in collectibles is far more lucrative when you get on it early"..., So, what does he mean by this? Is he implying that it might crash?
You must have come across funny-looking artworks on the internet, with funny-looking shapes and looks. Like this one below 👇
Knowing the meaning of the term will help in the long run.
NFT is a Non-fungible Token. Non-fungible means not replaceable, exchanged. Fungible means tradable, like for like. It can be replaced by like specimens of the same, e.g a dollar can be replaced by an ounce of gold, a physical commodity.
NFTs, as they are popularly called, are as well as the properties of crypto that enable them just to set up some big picture context.
NFTs are a way to make digital files ownable-instead of financial assets, you can now own digital media assets on the internet. They can be referred to as collectible digital assets that hold value. Think of a museum where you have collectibles inside. Now, imagine having that on the internet. On a platform where no one can steal your collectibles.
For instance, the Mona Lisa painting by Leonardo da Vinci, if this painting has the signature of the original owner in a secure, transparent unchangeable ledger- the blockchain and that is what NFTS represent.
NFT has its use cases and it comes in different forms such as; Art Music Brands Videos Illustrations 3D designs.
NFTs have the power to convert anything from images and videos to tweets and more to tradable, blockchain-secured digital assets.
WHERE TO BUY IT?
There are places you can put up your creative works for sale, you can buy as well.
There is Apexgo.io On Apexgo.io you can see all the ranking information, on Opensea you can see value as well as ranking directly on Opensea through the extension we've built. Especially, the Chrome extension, and it is free to list on Apexgo.
There is opensea.io, which is the most popular.
This video is a step-by-step guide on how to connect your wallet. youtu.be/9It8hLq3t90
This other video explains how to list your NFTs youtu.be/m_9ugvL-soI
There are NFTS to buy, but it is always advised to do your own research DYOR.
You can check out Trillionairenft. twitter.com/TrillonaireNFTs?t=sF3SGiIw279fB...
castlekidnft.com
Do Your Research.
