An NFT (Non-Fungible Token) or non-fungible voucher is an encrypted digital asset. This is a special type of cryptographic token that represents something unique. Non-fungible tokens are therefore not identically tradable. This is in contrast to cryptocurrencies like Bitcoin, and many network or utility tokens that are fungible in nature. The 4 main characteristics of NFTs is that they are unique, indivisible, transferable and with the ability to demonstrate their scarcity - Taken from: https://www.wikipedia.org
People buy NFTs for a variety of reasons. One of the most compelling reasons is to get a unique digital token that can be used to buy instead of trade. Non-Fungible Tokens (NFTs) are special and cannot be replaced or traded. This makes them especially desirable, as they are often tied to the purchase of digital artwork, crypto art, or other collectibles. Crypto art and other digital assets are becoming increasingly popular as they allow creators to link their art to their names in the crypto world. For example, someone who has seen an exotic piece of art “X” might want to buy it and link it to her name on the blockchain forever. Purchasing NFTs and cryptocurrencies also allow people to purchase content that would normally be impossible or difficult to obtain in the physical world.
Some open platforms for anyone who wishes to sell or buy NFTs:
By buying NFTs you can gain access to the market and explore the possibilities of what these digital assets can do. People are drawn to NFTs because they offer unique uses and add value to the asset. When you come to understand how NFTs work, the technology behind them, the concepts behind them, it is very easy to see the reasons why interest in them has grown so much. It is no coincidence that with the specific advantages such as ownership, decentralization, and anonymity, many large traders have also started investing in NFTs. You should never lose sight of the fact that the risk factors involved must be fully understood before venturing into this market, but once everything is understood, it is easier for investors to make an informed decision.
Some platforms closed to buy specific type of collections NFTs:
Tokens are a digital asset that uses blockchain technology to transfer tokens from one person to another. Fungible tokens are replicable digital certificates that can be exchanged for other assets, while non-fungible tokens are unique and can only have one owner. Using blockchain technology, these unique tokens allow users to verify ownership and signify ownership of an asset. For example, a car title or any other form of ownership record makes NFTs especially useful, as they store the information on a secure blockchain network that allows only one person to own the asset.
The asset is usually a digital asset, but can also be a unique physical asset, such as collectibles. NFTs help showcase digital artists and their work in an innovative way, ensuring ownership of their unique asset. It helps its owner keep track of the artwork, which can be used by digital artists to create works of art or musical compositions. Blockchain technology ensures that digital assets are secure and allows only one person to own them at any given time. This makes NFTs useful for digital art, as well as other art forms like music composition.
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Creators can own their own digital assets, providing exclusive access to exclusive online forums. Insiders and motivated users can purchase things like upcoming collections of NFTs. This provides a unique connection between the creator and his fans, as well as certain advantages for buyers. This is what drives people to buy NFTs (and cryptocurrencies) the ability to own digital assets that give them a connection to their favorite creators or other art form, this is what distinguishes NFTs from other art forms, its ability to give users unique experiences that no other art form can offer.
Tools, Platforms & Applications:
- Ledger | BixBox02 | Ellipal Titan | Keystone - Some of the best Hardware Wallet or Cold Wallet. 🔐💰
Remember that it is the only place where your crypto assets will be truly safe.
- CoinMarketCap - The world's most recognized website for monitoring crypto asset prices with several very interesting sections (Indispensable tool for traders).
- TradingView - Charting platform and social network (Indispensable tool for traders).
- StormGain - Cryptocurrency Exchange - Very useful especially for beginners because they can start without investment and without risking their own money. The capital is acquired with the Bitcoin Cloud Miner. Go to the Bitcoin Cloud Miner section, click the green Activate button to get your first mining reward, repeat the operation every 4 hours, withdraw when you reach $10 (in BTC). The capital obtained in mining will be used only to invest in the platform, the profits obtained by the operations if they are withdrawable to the portfolio of your choice.
- QuantFury - Cryptocurrency Exchange - After registering, you receive free cryptocurrencies or a share of a company (such as American Airlines, Uber, Apple or directly Bitcoin or Ethereum) worth up to $250. Use Invitation code: JRRU2593
- CoinInn - Cryptocurrency Exchange - Upon registration you receive a bonus between $500-$750, non-withdrawable, only for trading, valid for 6 days, profits are withdrawable to the portfolio of your choice.
- KuCoin | BingX | CoinEX | MoonXBT | BiBox - Cryptocurrency Exchanges (After registering on the platforms you begin to receive different types of bonuses).
Note: The bonuses offered by different platforms tend to vary over time, I recommend doing your own research.
“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami (existentialist philosopher, poet, essayist, musician, singer, designer and lyricist).
"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius (Roman Emperor).
"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.
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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.