What is NFT?
NFT? It is called Non-Fungible Token. Previously, it was possible to duplicate picture files, video files, and audio files, but each of them has its own unique characteristics. Currently, developers are issuing and selling NFTs through an activity called Minting. These NFTs are generally increasing their value by passing discounts, services, mining, rights, etc. to the holder.
What is the outlook for the NFT market?
The NFT market, like coins, has infinite potential for development. The coin market has achieved great results in just a few years. It is now comparable in size to the stock market. The NFT market, which was created by the coin market, has a short history of only 5 years. The NFT market has been in the spotlight for about two years.
The most notable NFT is BAYC. To the general public, it is just an ordinary monkey picture. Now, the sale price of one monkey painting is about 150,000 dollars. This phenomenon is also seen in other good NFT projects.
For this reason, I have a positive view of the NFT market. However, if you are thinking of investing, we recommend that you find a good project in progress rather than BAYC, which is already sold at a high price.
How should I invest in NFT?
Do you know a site called OpenSea? OpenSea is the world’s largest NFT exchange. In this exchange, you can simply sign up and purchase NFTs through your personal wallet. For this reason, you need a cryptocurrency wallet. You can prepare for trading in the following order.
First, open a MetaMask wallet.
Second, Join Opeasea.
Third, buy the Ethereum you need to buy NFTs.
After completing the above procedures, you can purchase NFTs from OpenSea. But you can’t do a good project early on. Twitter and Discord are required for this. This is because, when starting NFT in the early stages, most start from Twitter or Discord. Through this, you can purchase NFTs at the initial value through initial minting.
A good eye is essential to choosing a good project. Also, be careful as there are many scammers in these markets. If someone you don’t know approaches you with a sweet temptation, avoid it. I wish you a successful NFT purchase.
