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Collect an NFT! But what kind?
NFTs are a fascinating innovation taking over the internet.
NFTs are a fascinating innovation taking over the internet. They allow for digital scarcity to exist. This means you can buy, trade and send rare or unique items, which can be traced to owners.
The proof of ownership of digital items — or anything — can be a very powerful thing, and NFTs are really just that: ‘proofs’.
Buying an NFT is simple. Download Metamask, load it up with some Ethereum via Coinbase etc, and then get surfing the Opensea for something you like.
Once you buy an NFT: you own it. You can display it. You can proudly declare you own it, just like a real painting. That doesn’t mean you have the rights to it. However, it’s unique, or at least a limited edition. You’re able to sell it on, should it retain some value, especially if it belongs to a treasured collection.
It might grant you a personal connection with its creator. Or automatic membership to a club such as the revered Bored Ape Yacht Club. If it’s part of an exciting art collection or movement, then it could go up in price over time. It could even allow you to expand on an idea, if it’s a metaverse item. You could always gift them to somebody.
Beyond this, the NFT value is still a bit vague. A lot of them are based on animals or…
