What are NFTs?  Is it worth the investment?

What are NFTs? Is it worth the investment?

You NFTS, An acronym for Non-Functional Token, it is a digital asset layout that attracts thousands of investors. Despite being new enough in the market, they manage to move billions of dollars.

What are NFTs?  Is it worth the investment?
What are NFTs? Is it worth the investment? (Photo: Playback / Web)

According to the DappRadar website, which analyzed important NFT data, sales of these tokens reached approximately .2 13.2 billion in 2021 alone. This value is more than the total domestic product (GDP) added per acre, Amapá and Roraima

But after all, What are NFTs? Before you enter this market, it is important that you understand how it works and whether it is worth investing in.

To help you with this, we’ve come up with some important information that will help you dispel all your doubts. Keep following us to check it out!

What are NFTs?

Abbreviation for NFT “Non-Funcible Token”, Portuguese meaning “non-fungible token”. More simply, it means something that cannot be copied or pasted.

If we take it to the crypto universe, a token is a good digital representation, which can be a digital currency, a product, an image or any other item.

In the case of NFTs, they act as exclusive, unique and irreplaceable assets. Therefore, if you buy an NFT, you are entitled to this good. He is unique and exclusively yours.

To help you better understand, we explain in simple examples below which are fungi and which are not fungi:

  • Fungible: An R $ 20.00 bill is fungible, as it can be exchanged for two R $ 10.00 bills.
  • Non-Funcible: “The Yellow House” by Dutch painter Vincent van Gogh. It is a unique piece and cannot be exchanged for another one.

NFT is non-fungible. Therefore, it is an exclusive and unique item! Watch the video below and learn more about:

How to buy NFTs?

Now you already know What is NTFS, It’s time to dump her and move on. Contrary to many people’s beliefs, the purchasing process is very simple.

Below, we have prepared a simple step-by-step guide for you to understand clearly How to buy ntfs. Check out:

  • Register on a platform that trades assets;
  • Enter the requested information;
  • There are enough funds to use;
  • Once this is done, get the desired NFT.

It should be remembered that each marketplace has its own characteristics and adopts different digital resources.

So, do a thorough research before shopping, find out what the best offers are and get the one that works best for you!

Below we list the most recommended marketplaces by experts in the field:

  • Binance NFT;
  • Open sea;
  • FTX NFTs;
  • Solanart;
  • Coinbase NFT.

How much does an NFT cost?

This is a question that many people have doubts about when buying NFT. Each NFT has a market value. Prices vary according to the level of importance and interest among investors.

For example, the “Nine Cat” GIF, created and posted on YouTube by Chris Torres in 2011, sold for 300 Ethereum in February 2021, the equivalent of $ 587,000 at the time.

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