WHY ARE NFTS SO VALUABLE?

Описание: WHY ARE NFTS SO VALUABLE?

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https://www.binance.com/en/nft
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Why are NFTs so amazing as an investment? What are the best NFTs to buy? Why are NFTS the future and why should you consider this as an asset class as well.

We have NFT collector Ramon King joining us in the show!

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VERY IMPORTANT

Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.

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#StockSmarts #NFTs #OpenSea
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The buzzing topic at the moment is non-fungible tokens, otherwise known as NFTs. Millions of dollars in digital art and collectibles have been auctioned off recently in the NFT revolution. Digital environments will be changed forever by blockchain technology. There has been a talk in the media about the 300 ETH Nyan Cat GIF being sold for about US$600k or about Jack Dorsey’s first tweet being sold for 1630.58 ETH, about US$2.9 million at the time. A JPEG file of a digital collage “Beeple” reportedly sold for US$69 million recently, keeping the NFT hype alive. Read the article to know Why are people pouring so much money into NFTs? What are they exactly and why do they make so much money from them?

NFT
A Brief Introduction To NFTs
There are two types of crypto tokens in the crypto world: fungibles and non-fungibles. The fungible token is like a currency. No matter what the serial number of a dollar bill is, it is still one dollar. Any one-dollar bill can be substituted for a one-dollar bill. Alternatively, non-fungible tokens (NFT) are unique and cannot be exchanged for other ones. As a result, NFTs can represent unique digital assets, such as CryptoKitties and virtual buildings on Decentraland.

The primary interest in NFTs is their uniqueness and ownership can be verified, the fact that they can be utilized by different companies for different purposes, as well as their ability to be traded in secondary markets. The features provided by these features create new opportunities for innovation and business models.