This research article covers all questions around the hot topic of NFTs.
Let’s start with the basics.
NFT stands for Non fungible Token, what “more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different“.
Expectations of assets for future generations have changed fundamentally. It is no longer price alone that matters, but value. For reference, this is the age distribution in the NFT market: „By generation, millennials were most likely to engage in collecting, with 42 percent saying they do so, compared to 37 percent of Gen Xers, 29 percent of baby boomers and 20 percent of Gen Zers.“
An NFT can be literally anything: From art to music to a plot of land in the Metaverse! The .jpg as itself can be copied, but the underlying ownership can’t. You can think of it something like this: Anyone can buy Picasso prints, but only one can actually own the original Picasso painting.
What about investing now?
NFTs are like any other store of value. You buy an NFT and hope that its value will increase so that you can sell it again at a profit. It sounds simple, but behind it is a lot of time spent on research - The investment should be well considered!
Here’s an example (probably the most famous one): The Bored Ape Yacht Club NFTs. There are 10.000 Bored Ape NFTs, each one with distinctive features. Depending on the features, the NFTs have different values. The rarest features mean the highest value. The value of the collection is composed of Influencer and celebrity involvement, community strength and utilities for members. These utilities are for example exclusive meetups and festivities. The costs for one of these NFTs are extremely high – like seen in this example of the NFT #2087: “The fun (but angry) looking BAYC NFT was bought at 42 ETH and sold after 3 months, booking a profit of 2221 percent i.e., $2 million at 769 ETH.” That sounds crazy, right?
NFT vs. coin … or both combined?
The special thing about our coin $NFTS is that it’s the world’s first NFT-Based coin. Long story short: With our coin you minimize the risk and spread your investment over several NFTs. Learn more here