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[ELSA-ELI]

Photo credit by bbc beeple.

NFTs stands for non-fungible tokens.An NFT is a unique digital asset whose ownership and legitimacy is tracked by blockchain technology.NFTs are meant to empower content creators as all proceeds are channelled to the absolute owner who created the content. There is a misconception that they are a form of cryptocurrency but in the true essence, they are not.Take for example Twitter Co-founder and ceo Jack Dorsey created an NFT of his first ever-ever tweet and sold it for $2.9million earlier this same year.

What is your take on NFTs and if at all you are making any investment in them?

 

[ELSA-ELI]

I have done basic research about NFTs and I want to still understand how you can make money out of them.But basically you can create your own or invest in the already existing NFTs.Its a new venture and worth trying out if you are an investor like me.

 

[BullyMaguire]

No . I still don't understand the concept of NFT. I don't understand what can be an nft.. is it everything seeing how a twitter tweet which has no value whatsoever was sold for that much?

 

[ELSA-ELI]

No . I still don't understand the concept of NFT. I don't understand what can be an nft.. is it everything seeing how a twitter tweet which has no value whatsoever was sold for that much?

Jack Dorsey's first tweet was made into an NFT that is why it was valuable.Art work and various materials or content can be made into NFTs.You can also invest by buying an NFT through bidding like the way we do it on eBay.There are various markets where you can buy an NFT from.

 

[ELSA-ELI]

Yes though the NFTs are more on favouring the content creators and artwork. The blockchain network will still exist without cryptocurrency so a distinction must be made as well that NFTs are different from cryptocurrency.Its a new market hence it should not by pass us just like the way some where left out by bitcoin.

 

[ELSA-ELI]

We still need to dig more on how to make investments out of NFTs,it is not that hard to do and there are so many things whether digital or actual that can be minted into an NFT.

 

[ELSA-ELI]

I am currently researching on the cheapest NFTs so that I can create one.As an investor I think its time to invest in creating one for myself.

 

[ELSA-ELI]

Still looking to hear from people that have made investments in NFTs in this group.NFTs are the future of investing in content both actual or virtual content.

 

[gammarays]

Nfts are in demand now especially if they're unique. It's a premium stuff now so it's a bit expensive for me to buy. The cheaper ones doesn't appeal to me.

 

[ELSA-ELI]

Nfts are in demand now especially if they're unique. It's a premium stuff now so it's a bit expensive for me to buy. The cheaper ones doesn't appeal to me.

Various prominent people have created some open market places where you can purchase the NFTs from.But if not careful you could but something valueless hence the need to verify the sources you are buying from.There are some as low as $15 but still with an appealing projected value More especially those in the games and artwork

 

[gammarays]

Various prominent people have created some open market places where you can purchase the NFTs from.But if not careful you could but something valueless hence the need to verify the sources you are buying from.There are some as low as $15 but still with an appealing projected value More especially those in the games and artwork

Yes art nfts are the most popular and commands more value than others. How they value it is still what I don't understand fully. You see beautiful arts valued for less and vice versa.

 

[Niftyicon]

I partook of an airdrop where you have tokens and one NFT as reward. The one I got was valued at about $23 based on what it was being sold for on the platform's marketplace. That is all I know now about those arts but I am also researching on knowing more and probably investing on those that are within my budget.

 

[Corzhens]

With a gigantic array of crypto currency that is broken down into categories that I don't understand it is so hard to choose which crypto currency to buy. I admit that I have plans of investing in crypto currency but I also admit that my knowledge is not enough for now.

 

[gammarays]

I partook of an airdrop where you have tokens and one NFT as reward. The one I got was valued at about $23 based on what it was being sold for on the platform's marketplace. That is all I know now about those arts but I am also researching on knowing more and probably investing on those that are within my budget.

The last nft I got was a free one and doesn't have a good value. I know friends that were lucky to get the first Binance nfts airdrop. It's worth more than $1k now.

 

[Niftyicon]

The last nft I got was a free one and doesn't have a good value. I know friends that were lucky to get the first Binance nfts airdrop. It's worth more than $1k now.

$1k? They are so lucky. I wish I had been in on such airdrop. I guess those free ones are not so worth it, hopefully, I would get lucky with my next one.

 

[gammarays]

$1k? They are so lucky. I wish I had been in on such airdrop. I guess those free ones are not so worth it, hopefully, I would get lucky with my next one.

Yes, that was few months back. The quality ones are limited in supply maybe just 30 to be shared among thousands of people or first come first served.

 

[Triawan]

View attachment 179035
Photo credit by bbc beeple.

NFTs stands for non-fungible tokens.An NFT is a unique digital asset whose ownership and legitimacy is tracked by blockchain technology.NFTs are meant to empower content creators as all proceeds are channelled to the absolute owner who created the content. There is a misconception that they are a form of cryptocurrency but in the true essence, they are not.Take for example Twitter Co-founder and ceo Jack Dorsey created an NFT of his first ever-ever tweet and sold it for $2.9million earlier this same year.

What is your take on NFTs and if at all you are making any investment in them?

Yes, i am invest NFT. Because nft is the apretiation for creator artistic

 

[a_jerobon]

This is my first time learning what NFTs truly are. I have read a bit about it and I thought it was a type of cryptocurrency that people invest in. But them now I learn that it is a form of appreciation for original content creators. I will read more about this before I invest in them.

 

[Niftyicon]

Yes, that was few months back. The quality ones are limited in supply maybe just 30 to be shared among thousands of people or first come first served.

That is just it with most airdrops with value and that was why I was thinking luck has a lot to do with it.
ApeNFTs on Binance is still a mystery to me. what and how they can be used because no value shows up in Spot and I don't know if it can be sent onto another patform or not

 

[ELSA-ELI]

To appreciate the value of Non-Fungible tokens you need to select the ones which can easily appreciate.You also need a right marketplace depending on the blockchain network you minted your nft on.The last part is about the value or investment made to purchase or create one.Only then can you make a meaningful profit from it.