Did you know that a digital artist named Kevin McCoy created the first NFT in 2014? Since then, NFT investing has soared in popularity.
Would you like to invest in NFTs but aren’t sure if it’s worth it? Do you need more reasons to invest and facts about NFTs?
The following guide will explain the top 5 benefits of investing in NFTs that you need to know. Read on and learn if non-fungible tokens are right for you.
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Ownership and Creation
Anyone can invest in NFT tokenized assets. You can also transfer ownership easily to other people all over the world. NFTs can only have a single owner at a time while the buyer has access which gives it rarity and value.
Likewise, anyone can use platforms like sandstorm.co to create NFTs. Selling an NFT costs money but you might make a good return from investing in your own digital artwork.
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Decentralization
Marketplaces for NFTs offer direct engagement between sellers and buyers. The process eliminates additional charges for both parties.
The ownership of an NFT is unique to the initial seller and they make a commission every time the art is sold. It’s a special feature that’s very promising for NFT investors.
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Marketplace Diversity
NFTs make a market for a broad range of collectibles from art to tweets. Diversity allows the potential for added growth and development of the marketplace overall.
Other NFT examples include in-game items, essays, and domain names. Some NFTs even act as tickets to grant access to events. They can be coupons or limited edition items from brands.
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NFTs Are Secure
The special signature element of NFTs ensures incredible security. For example, any sort of piracy makes the pirated NFT inauthentic. NFTs can’t get stolen like physical art because of their authenticity measures.
The blockchain market also protects the work from suffering any data loss. So, investors can rest assured that they’ll experience safe and secure dealings between users.
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Mainstream Popularity
NFTs keep generating more and more mainstream interest each year. Household names such as Marvel and various public figures help drive this interest.
However, NFTs haven’t yet reached a large portion of traditional collectors. It’s very probable that large investors will develop the market for all sorts of new buyers. If so, NFTs might be the next big investment opportunity.
There are currently around 360,000 NFT owners around the world. About 9% of owners hold 80% of all NFT items’ value. So, you can still be early to invest in NFTs despite their mainstream coverage lately.
Ready To Invest in NFTs?
Now you know 5 great reasons to invest in NFTs. Ownership is simple and secure. The marketplace diversity provides massive growth opportunities in the future. Though their popularity has grown substantially, it’s still an early time to get in on the action.
These non-fungible tokens offer an exciting chance to invest in digital artwork, famous tweets, or even a domain name. Check out our site’s business and finance category for more awesome tips and information.