In the previous post, we talk about what is NFT and in this one, we will cover some basic questions about NFT. So let’s jump into it directly.Why would you want to own an NFT?
Why would you want to own an NFT?
The first reason it, you can buy it because everyone is buying it. Of course because of its emotional value. The second reason it, you can buy it because you think it is valuable and it’s value will increase over time.
Can you make money out of it?
You can make money either by creating an NFT and selling it or by buying and reselling the NFT.
Where can you buy an NFT?
How do you know the NFT you are buying is authentic?
The ownership of the NFT is stored on blockchain so if you want to check the authenticity of the NFT, you can check it by the token address of it.
Who can use NFT?
ANYONE! Anyone can use an NFT. Anyone can create and sell an NFT. Anyone can buy and resell an NFT.
What is the future of NFT?
No one knows. Some people believes in it and some don’t. Like, Warren Buffet don’t believe in Crypto and Elon Musk believe in it. NFT is new and there is still so much to find about it.
What things you can create as an NFT?
You can create 2D and 3D art, GIF, meme, your music, tweet – yes, the tweet you post it on twitter – basically, any non-fungible thing can be converted as NFT.
I hope you basic question got covered in this post. I made the video on what is NFT on YouTube. If you are interested, click here to watch the video.
Thanks for stopping by! Have a great day!