Introduction:
NFTs are blockchain NFT Crypto: Guide-based digital certificates. First established in 2015, this concept has been gaining popularity since early 2021. For artists, it is a way to authenticate their work. For investors, this can bring in a lot of money. What do you need to know about crypto NFTs and how to invest in NFTs? Find all the essential information in this guide!
What are NFTs? DefinitionNFT Crypto: Guide
An NFT (Non-Fungible Token) is a non-fungible token that usually represents a specific virtual or digital object. In other words, it is a certificate of ownership recorded on a blockchain.
As a result, each NFT has unique characteristics, including the date of its creation, its owner, or the object it represents. Also, the token is indivisible and cannot be exchanged for another, hence its name “non-fungible.”
In what context did the 1st NFT Project see the light of day?
The first NFT emerged in 2015 as part of the experimental Etheria project. The objective was then to sell plots of land in a virtual world to Internet users. Each was represented by a unique token based on Ethereum blockchain technology. All information, transactions, and ownership transfers are kept on the network. Today, even brands like Nintendo are selling tokenized items.
Investing in NFTs – 2023 GuideNFT Crypto: Guide
With Crypto.com, it is pretty easy to get NFTs; follow these few steps:
1. Open an Account with Crypto.comNFT Crypto: Guide
Head to the NFT Crypto.com platform to open an account in minutes. Start by filling out the registration form and clicking the “Sign Up” button.
Why Invest in NFTs with Crypto.com NFT Crypto: Guide?
Above all, investing in a non-fungible token makes you the owner of the original version of a digital work or virtual good that you can exploit at your leisure.
It is also an excellent way to support artists. In addition, the sale of the crypto-asset could allow you to benefit from substantial capital gains if its value increases in the future.
Benefits:
- Wide choice of crypto assets on the market
- Wide range of prices
- Possession of an original work
- Capital gains
Disadvantages:
- Payment is mainly in crypto
- Possibility of devaluation of the property and, therefore, loss of capital
The Best NFTs to Invest in 2023 NFT Crypto: Guide
The total sales of NFTs in the first half of 2021 amount to approximately 2.47 billion dollars against only 13.7 million dollars in the same period of 2020. Moreover, the market for non-fungible tokens today weighs more than 15 billion dollars. Some of the cryptoassets available are more popular and valuable than others. Discover them in the following table.
How to Invest in NFT with Ethereum NFT Crypto: Guide?
As you can see, apart from Crypto.com and Nifty Gateway in this list, most NFT platforms use Ethereum as their sole means of payment. In this case, it is necessary to hold ETH tokens before you can invest in NFTs.
Here’s how to get ETH to use as payment in an NFT platform.
NFT Crypto: How Does It Work?
- The digital object is tokenized by its creator.
- Holding the NFT certifies ownership of the original version.
- He has the right to sell the object later when it increases in value.
- After a sale, the NFT is then transferred to the new owner.
- All transactions are recorded on the core blockchain.
- In turn, the new owner can resell the object, and the cycle begins again.
The prices of non-fungible tokens can go up or down over time depending on the interest of Internet users in the object. But it also varies depending on the collection to which the thing belongs. It is a very similar operation to the art market where your bet can pay off depending on the projects followed and their news.
Conclusion:
NFT Crypto: Guide or non-fungible tokens are certificates of ownership linked to unique assets. They are based on the blockchain, which guarantees their authenticity and the traceability of transactions. If this market is still young and attracts many “geeks” thanks to its breakthrough in video games, it could attract many other sectors. In particular, its guarantee of traceability could attract the primary victims of counterfeiting in the world: the luxury industry! A gigantic potential, which is well worth a small investment today!