NFTs are making their boom in the blockchain world and don’t seem to want to stop soon. What are NFTs? Non-fungible tokens. Cool, but what does that mean? An NFT is a digital asset that you can purchase with cryptocurrency.
“Not for trade tokens (NFTs) are a new form of a digital asset that represents unique digital goods. They can be one-of-a-kind items that cannot be replicated, taken away, or destroyed, and only traded in their original state by the owner.
NFTs are currently about 1% of the crypto world and are in its baby stages right now. There is a lot of potential and hype behind NFTs and what this means to artists, collectors, and investors within the crypto space.
Where can I buy an NFT?
Multiple platforms are growing every day alongside users being able to simply do their own marketing, grow a fanbase, and excel without a marketplace.
For beginners, we would definitely recommend buying from a reputable marketplace, and here are some of the biggest ones with the highest trading volume within the space.
- Super Rare
- Dapp Radar
How much are NFTs?
Prices are always changing due to the volatility of cryptocurrency and NFTs.
You can expect NFTs to be between $0.02-$2USD with a lot of scam NFTs floating around everywhere. But NFTs that are rare have very high value, especially NFTs released in an ICO or during a presale.
What’s the benefit of owning an NFT?
Since NFTs are non-fungible, each NFT has its own value. NFTs also have a lot of potentials to be collectibles in the future. When NFTs begin to live on their own blockchain (What’s that? Look below for more info), NFTs can have their authenticity verified and can prove ownership in security.
Can I sell my own NFTs?
Of course! The beauty of NFTs is also you not having to only be an artist or painter. You can sell your writing, your music, your animations, and pretty much anything that is digital. Get creative and have fun with the process and make some money through it.
Where does the NFT community live?
In the NFT world, the community is everything. Join a few clubhouse rooms, discord servers, follow some NFT enthusiasts on Twitter and you will see the support and conversation going on in these beautiful open spaces. In these communities, there is no doubt you will find the support you need to make your own NFT game.
The community mainly lives on either Discord or Twitter, although you can find the NFT community on multiple social and blockchain platforms.