<span style="font-weight: 400;">If you’re an experienced investor, chances are you’re already familiar with Non-fungible tokens, also known as NFTs. You’d also know that the </span><a href="https://www.mythia.com/ultimate-guide-to-nfts" target="_blank" rel="noopener"><span style="font-weight: 400;">NFT marketplace</span></a><span style="font-weight: 400;"> is the only right place where you can trade, sell, and invest. But, if you’re new to this, keep reading this article. It’ll act as a short guide that will provide you with all the basic information a successful investor should know, and pay close attention, as there are details you don’t want to miss. </span>
<h2><span style="font-weight: 400;">What are NFTs?</span></h2>
<span style="font-weight: 400;">NFT stands for non-fungible token. But, that doesn’t explain anything so let us elaborate better. With recent tech advances and people having different talents and skills, new ways of making money came to the surface and they are pretty successful so far. </span><a href="https://fortune.com/2021/11/16/nft-celebrity-value-plunge-investment-grimes-asap-rocky-john-cena/" target="_blank" rel="noopener"><span style="font-weight: 400;">Grimes made millions of dollars</span></a><span style="font-weight: 400;">, and Nyan Cat was sold as a one-of-a-kind NFT.  on the marketplace, you can keep track of all the NFTs and their ownership. </span>

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<span style="font-weight: 400;">Technically, NFTs can contain anything digital, from drawings, GIFs, anything animated, real-life paintings, trading cards… it is a great way to make huge amounts of money, and they are also non-fungible. Non-fungible means that you cannot sell them for something that’s exactly the same. NFTs are one of a kind, they are unique, unlike cryptocurrencies. You can sell one and get one, but at the end of the day, they’ll still be the same thing, used for the same purposes. Once you sell or trade an NFT, you’ll get another non-fungible token that is completely different fromthan the previous one. </span>
<h2><span style="font-weight: 400;">How do NFTs work? </span></h2>
<span style="font-weight: 400;">Since the pandemic hit in 2021, NFTs have been making quite the headlines, where people pay huge amounts of money just to get their hands on one of these unique digital art forms. NFTs are part of the <a href="https://www.cryptoknowmics.com/news/israel-is-developing-a-digital-shekel-based-on-ethereum-blockchain/">Ethereum blockchain</a>, which is a cryptocurrency, just like bitcoin. Ethereum is nowhere near special when it comes to NFTs because other blockchains can also implement those tokens, and some already did. </span>

<span style="font-weight: 400;">NFTs, like other kinds of art, are designed to be viewed as one-of-a-kind works created by a single artist. Buyers are willing to pay good money for them because of their one-of-a-kind quality, similar to a painting or sculpture. NFTs are a unique type of investment since they act as a token that represents real and digital ownership of goods. NFTs, like bitcoin, are easily bought and sold online, and they are generally non-transferable assets. They're one-of-a-kind in every way.</span>
<h2><span style="font-weight: 400;">Why do investors like NFTs? </span></h2>
<span style="font-weight: 400;">Investors prefer NFTs because they can own something that no one else has, and artists like NFTs because the digital contract gives them more control and ownership – no gallery is taking 40% of their revenues from the sale of their work.  The parameters of the digital contract that acts as the foundation of the NFT are determined by the artist or creator, allowing artists to ensure that they continue to reap the benefits of their hard work, through secondary markets," says the NFT website.</span>
<h2><span style="font-weight: 400;">Is it safe and worthy to invest in NFTs? </span></h2>
<span style="font-weight: 400;">NFTs will allow you to own something that has a chance of becoming really famous. You’ve all seen the black, pixelated glasses from the “thug life” memes, right? That counts as an NFT as well, and it’s pretty successful if you ask us. Other than making a collection out of rare and valuable NFTs, you can easily trade them and sell them online for good money. Just wait until the moment is right. Before investing, always think about it thoroughly and do your research. Just because you liked it, doesn't mean it’s worthy of your time or money. </span>

<span style="font-weight: 400;">In the long run, you can make some pretty good money on NFTs. not to mention that you can gather quite the collection as well. Mistakes are inevitable but remember: one man's trash is another man's treasure. Just because the NFT didn’t do any good for you, that doesn’t mean there aren’t other investors out there, waiting to lay their hands on it. Having it in your possession gives you the power to make some money out of it, even if you didn’t think it was possible. </span>
<h2><span style="font-weight: 400;">How to invest in NFTs? </span></h2>
<span style="font-weight: 400;">Like we’ve said, always do your research beforehand, and after you answer all of the questions that have been bugging you, it’s time to invest. First of all, ask yourself if the NFT is currently popular, or it’s an evergreen? Will there be a safe NFT marketplace in the future? Is this the right time to invest? Social media such as Twitter and Instagram are a great place to induct your research, and the NFT community will be more than happy to welcome you. </span>

<span style="font-weight: 400;">After that, open up a verified NFT marketplace where you get to see the NFTs. to invest, you’ll need to have </span><a href="https://time.com/nextadvisor/investing/cryptocurrency/ethereum-price-predictions/" target="_blank" rel="nofollow noopener"><span style="font-weight: 400;">Ethereum cryptocurrency</span></a><span style="font-weight: 400;">.  To have your own e-wallet, you need to trade money on some of the trusted crypto trading platforms online. That would be pretty much it on investing, and hopefully, over time you’ll gain more experience and become one of the popular traders online.</span>

What Are NFTs - A Guide

NFTs, like other kinds of art, are designed to be viewed as one-of-a-kind works created by a single artist.

As a keen observer of every latest development in the crypto world, Guest has formed a sound understanding of how the blockchain and cryptocurrency works. Guest likes to keep a tab on all the trends within the crypto industry and treats our readers with insightful content.

What Are NFTs - A Guide

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