NFT Blockchain and smart ways to invest

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NFT Blockchain is a potential trend that many investors are interested in. So what are tokens and NFT exchanges? Let's find out with Learn Crypto Trading!

NFT Blockchain can be said to be a potential trend that many investors are interested in. So what is it about NFTs and NFT exchanges that gets so much attention? Let’s find out now in the article below about Learn Crypto Trading!

Table of Contents

General knowledge about NFT Blockchain

First, you need to understand general knowledge about NFT Blockchain, the concept of what NFT is, and how to classify it.

What is an NFT?

NFT is the English acronym for Non-fungible tokens, which means non-fungible tokens. As its name suggests, each NFT is unique.

It has a unique identifier and is the private property of its owner.

NFT blockchain is officially hosted on the Blockchain platform. It could be a work of art, a painting, a video, a song, or a video game…

What is NFT Exchange?

NFT Exchange is a Blockchain platform that allows users to exchange, buy, and sell NFT items. On this platform, creators create their exclusive digital products. These are NFTs and can be resold to others in need.

Some NFT exchanges that can be mentioned include OpenSea, LooksRare, Magic Eden, Binance NFT, CryptoPunks, Gem, X2Y2, Rarible Protocol, Mintbase…

NFT Blockchain Classification

Blockchain NFTs can be classified as: art NFTs, collectible NFTs, music NFTs, video NFTs, avatar NFTs, game NFTs, trading card NFTs, or meme NFTs.

Art NFT

These are Blockchain NFTs created when artists digitize their artwork on the Blockchain platform and make money from that work. The value of an NFT art product is made up of 2 main factors. These are the ability to digitally verify originality and the ability to prove exclusive ownership of the asset.

Collectible NFT

Collectible NFTs are digital assets collected or traded by users. There are some special, limited edition collectible NFTs. It is especially sought after by collectors and has quite a high price.

Music NFT

A music NFT is a certificate of ownership of a musical work that can be bought and sold.

NFT video

Video NFTs are digital assets in the form of moving images. Nowadays, these NFTs are quite popular and loved by many creators.

NFT avatar

An NFT avatar is an image of just someone’s head and face in digital profile photo format. Each avatar NFT will have different characteristics, and no two will be the same.

NFT game

Different from other items, NFT games use NFTs in the rules, mechanisms as well and player interactions.

For example, a game might offer a certain skin as an NFT. Whoever unlocks the skin first gets to own it.

NFT trading cards

A trading card NFT can be thought of as a virtual version of a normal physical trading card. It is easy to verify and has long-term ownership. If the trading card is rare, it can be considered a form of long-term coin investment.

NFT meme

NFT memes can be considered a phenomenon that many people are interested in, creating a “meme gold fever”. The value of a user-generated meme is determined by how viral the meme is, its uniqueness, and its originality.

The future of NFT

In recent years, NFTs have become one of the digital assets that are extremely familiar to those in the Crypto community. This “hot token” has disrupted the Crypto market in 2021 with the participation of many big players in the world.

The Future Development Potential of NFT Blockchain

At that time, many people thought that the NFT fever would quickly disappear like a bubble. However, by 2022, this Blockchain has not cooled down. It still has great influence when many projects calling for huge capital continue on NFT Marketplace platforms.

Revenue from NFT platforms is still among the top projects. For example, OpenSea. In just 1 month, OpenSea’s revenue reached a record high of 3.5 billion USD.

By the end of 2022, due to the risks of attacks, fraud, and lack of real value, NFTs had lost a significant amount of value. In addition, due to the lack of clear regulations, some people gradually lose confidence in this Blockchain.

In particular, stemming from the FTX exchange scandal in November 2022, the cryptocurrency market in general and NNFTs in particular were also significantly affected.

By 2023, the average price of NFTs had dropped by 92% compared to the previous year. Things got worse.

Entering 2024, the NFT market has yet to recover strongly. However, many people still believe that it will quickly recover in the future.

Ways to Invest in NFT Blockchain

For those who do not understand what coin investment is, you can invest in NFT Blockchain in the following ways:

Buy and sell NFTs

This is the most popular form of NFT investment used by everyone. Investors buy assets on the NFT exchange at a low price. Then wait until the price increases and sell to seek profit.

Buying and selling NFTs is a popular form of investment

Create your NFTs and sell them

If you are passionate about art and can create good, attractive works of art, you can create your artwork and sell it on the NFT Blockchain platform.

To sell more Blockchain NFTs, you should build your brand well on social networking platforms. From there, you will also attract more followers. Those followers are the source of potential customers who will buy NFTs from you.

This way, you not only make money from selling NFTs, but you can also receive royalties when people buy and resell your NFT assets.

See more: Open an HTX exchange – Increase personal income

Make money from NFT Blockchain games

Making money from NFT games can be said to be a trend used by many people, not only in the UK but all over the world. With this form of making money, instead of spending time and money playing entertaining games, you participate in playing NFT games.

NFT games are participated by many people, especially young people. — NFT games are participated in by many people, especially young people.

In NFT games, items and accessories are encoded as NFTs. Players buy, sell, and trade items to earn cash.

Besides, you can also buy NFT Blockchain collections from large, highly reputable projects. When you own these collections, you can reap rewards. This is passive income for NFT owners.

Conclude

So through this article, you have gained the necessary knowledge about NFT Blockchain, what NFT is, and appropriate investment methods. If you want to know more information, please visit the Learn Crypto Trading page for updates!

FAQs:

What are the fees for investing in NFTs?

During the NFT investment process, investors must pay fees including transaction fees, listing fees, bidding fees…

What is the minimum capital to invest in NFTs?

Depending on the form of investment, the minimum capital required is also different. Even in case you invest by participating in NFT Blockchain games or creating your own NFT artwork to sell, you do not need to invest any capital.