NFTs Are The Next Profitable Venture

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(Edited)

What is NFT?

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In case you are still unfamiliar with NFT. Here's what wikipedia says, An NFT or non-fungible token is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work.

According to Coinmarketcap, the top 5 NFT Tokens right now are:

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Theta
Chiliz
Enjin Coin
Decentraland
Flow

The first top 5 has a combined market capitalization amount to $21 Billion as of March 2021. That is massive considering that NFT is only 3 or 4 years old

When did NFT start?

NFTs started to kickstart in early 2017. By that time creation of digital arts has just started to go online. Although, it rarely gets public attention it became popular among cryptocurrency hodlers and investors.

A great example is Bryana Kortendick, VP of operations and communications at the NFT startup Enjin. In an interview, she said "the platform is now tallying more than 47,426 registered users, and the corresponding NFT wallet’s growth is up 100% since December 2020." Her company was funded by a token sale in 2017 that amassed 75,041 ether (ETH), worth more than $130 million today!

How Profitable is NFT?

The answer is 'sky is the limit!'

Twitter's founder Jack Dorsey had his historic first-ever tweet auctioned in NFT with bids of a whopping $2.5 Million. Well, as you can see NFTs are just the digital versions of traditional Collectibles but IT IS THAT lucrative!

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Can you make your own NFT

YES, you can.

The easiest or fastest way to do it is let a professional artist design your particular concept. In that way it has advantages where it will be attractive and out-shines other NFT arts. Thus, making it sellable - the more it's popular makes the price value higher. It so ridiculously cheap to create your first NFT from $5 to $30 per piece. Find an artist at Fiverr it will not cost you big.

Remember this, crypto art is not just for art’s sake, it’s investment

Cheers!

Posted Using LeoFinance Beta



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