Besides Metaverse, the new craze in crypto culture is NFTs - or Non-Fungible Tokens. You may have heard about them, and you might be wondering if they're worth getting into!
Today, we are going to share the benefits of investing in NFT being a buyer or investor.
Here are some of the top benefits of investing in NFT:
The top benefit of non-fungible tokens is evident in the proof of ownership.
They'll allow you to take ownership over your digital goods with complete decentralization in mind. Imagine owning a piece or art that no one else has ever seen before; now imagine being able not just view this masterpiece but actually possess its original form.
The important part is NFTs are indivisible and could not be distributed among multiple owners.
At the same time, the ownership advantages of NFTs ensure that buyers are safe from the concerns of fake NFTs.
The ownership of an NFT is transparent and easy. Moreover, it can be verified by anyone on the blockchain. This is seen in many real-world scenarios.
NFTs that are stored on a blockchain platform have distinct records of authenticity and chain-of-ownership, which, theoretically, prevents them from being subject to mishandling, forging, and theft.
The metadata on these tokens can never be altered or eliminated by anyone. They also cannot get erased or misplaced and they're not removable from the blockchain- which makes them valuable as well since data will always remain intact.
#5 Investment Portfolio Diversification
The unique qualities of NFTs make them a compelling investment opportunity. They bring both risks and rewards, but when compared with traditional investments like stocks or bonds they have many more potential benefits for investors who take the time to understand them fully.
#6 Resell able
There are people making profits from reselling NFTs. Some of these collectibles have been resold from a few thousand dollars to millions. This is to alert the potential return of NFT investment, but it’s NOT a piece of financial advice.
The ability to transfer NFTs quickly and easily between users makes them the ideal digital asset.
#8 Private Community and Exclusivity
This is the most exciting benefit. NFTs can also act as an “Exclusive Club” or “Membership Card”. There are brands that offer exclusive perks when you own their NFT.
If you own a Bored Ape Yacht Club, you can be on the same Discord channel with Neymar, Jimmy Fallon, or Stephen Curry.
People will still always find some value in communities, but the broader applications of NFTs will be more interesting.
The advantages NFTs have over other types of investments are numerous and compelling… making them an attractive investment for individuals who want to get involved with cryptocurrency trading and investment.
But as there are risks involved in investing in NFTs, you should do your own research to understand the risks before deciding to invest in NFTs. You may refer to the previous article at https://blog.consortium21.com/nft-educational-series-part-2/
Stay tuned for the final NFT educational series in the next post! It’s going to be an exciting read as I’ll share the benefits business owners and creators can get by creating and launching their own NFTs.
In meantime, join our Telegram community for news, giveaways, insights from experts about this revolutionary new virtual world as it evolves before your eyes, and more exciting activities to be announced in Telegram.
Disclaimer: The information provided in this article is not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.