Table of Contents
What is a NFT?
An NFT known as Non-Fungible Token is a digetal asset that can come in many forms like: art, in-game content, videos, music, etc… They originated around 2014 and have been gaining an increase of popularity due to their unique oppurtunities. NFT’s in most cases are one of a kind and cannot be duplicated or pirated. With each purchase you are provided proof of purchase and information excusive to your NFT. Making NFT’s generally extremly valuable and a great trading asset.
Where can you buy a NFT
You can find and buy NFT’s from online marketplaces. While they’re are a good bit running around you will want to make sure you choose a legit platform. Spending money on a fake NFT or insecure site can be risky. Here are 2 of the top well-known Marketplaces for buying NFT’s. Opensea and Rarible. These two sites are popular for purchasing and trading NFT’s.
Why do people buy NFTs
Here are some cases for why someone would purchase an NFT:
- Gain access to communities ( NFT’s can be used as exclusive tokens to access communities and certain events )
- Gain access to games ( A lot of game developers provide in-game content as well as games themselves from the purchase of their NFT’s )
- Make Money ( NFT’s can be extremely valuable due to their nature of being collectible and, in a lot of cases, be a big profit gain for those making investments )
- Real-life perks ( NFT’s can provide you with real-life perks depending on the NFT your purchasing )