Hello guys Today in this article we would like to share about NFT token concept. Since this is not very new concept in 2021 but it is better to understand if you don’t know.
In this article we will explain that why people thinks that it is not Much useful concept but still it is successful in the present time very much.
CONTENT OF THIS ARTICLE
- Meaning of NFTs token
- Concept of NFTs Tokens
- Position of NFTs Token Concept In Cryptocurrency Market
- Why NFTs Token Concept Is Successful ?
- Advantage of NFTs Token Based Platform
- Future of NFTs concept in Cryptocurrency field
Meaning of NFTs token
Full form of NFTs token is Non-Fungible Tokens. So here first of all we need to understand what is meaning of fungible word.
Let us consider , If A person own $100 doller and B person own $100. Then we all of us knows very well that fiat value of $100 by both of these two person have fully equal. Both of these two person can buy same thing with equal value. This situation is known as Fungible. That means value of a particular token or current is equal for everyone.
But here the case of Non-Fungible is totally opposite. It is Non-Fungible , means it can have different value for different person. And its value will be pre-set by the owner who have NFT token.
When person A will sell his NFTs token to the other person B , then it is duty of B person to set the value of NFTs token according to his own understanding.
Concept of NFTs Tokens
NFT tokens are specially designed concept for the ART work. If you can create something unique image, photo,Animation, Music or something else creative which can be share in online world of internet easily can sell for NFT token.
You just need to create your art and then put for sell at NFT based platforms.
Position of NFTs Token Concept In Cryptocurrency Market
No matter that how much NFT concept is cool in your opinion but it is a trend of year 2021 in Cryptocurrency market. Every year new concept introduce and that became trending part of Cryptocurrency market and attracts people to invest their money.
So almost every NFT token based new coins are profitable to buy in present time and also we can see that most of the NFTs concept based token are main junction of investment in the present time.
To check list of numbers of NFT token based Cryptocurrency click here.
Why NFTs Token Concept Is Successful ?
Because this concept is totally new in this field of Cryptocurrency, So this in trend. Those people who belongs to developing country or don’t have any creative job , can’t understand the significance of NFTs Token Concept.
Normally we think that why someone will spend lots of money for a single art or photo image? But people who are financially independent , likes such unique items/Art to own, So they buy such kind of stuff.
And also there are numbers of people who buy unique Art work and resell to other , which is very common in present time.
Advantage of NFTs Token Based Platform
There are many advantage of NFTs concept. Even if you don’t own a penny of money can make lots of earnings with NFT token.
So it is better to know about all type of the advantageous factors of NFT based platforms.
Investment In New token
In the present time of April 2021, NFT based token are much popular and are in the trend , So it is opportunity to invest in newly launched coins which are based on NFTs Token Concept.
Sell your Art work
If you know something unique to design like image or any art work then you can create and sell for NFT token.
This is not very simple thing that you are thinking because it is very tedious task to get copyright at your own creation.
Usually we create video at YouTube or Photoshop a image to make it very creative that attracts other people , but people directly copy us without giving the credit.
So if you can do really a good hardwork to make something unique then you can have proper copyright and can sell your item to any other person with copyright.
Art work in not limited to art image but you can create your own instrumental lyrics or song or any digital asset and can sell for NFT token.
So NFTs Token based platforms are gateway to get credit for your real and unique creation.
Future of NFTs concept in Cryptocurrency field
If you are thinking that NFTs Trend exist forever in this field of Cryptocurrency then you are wrong , because every year new trend enters.
For example in year 2013 investment based websites were in trend. After that in year 2015 mining based investment projects entered in this field. after 2016 Hype based trading was in trend. After 2017 ICOs concept was very good option to make profit but in year 2019 it fails because of many ICOs scam project.
In year 2019 end Defi concept entered but now in 2021 it is not in trend.
Defi popularity replaced by NFTs Token based projects in present time.
Now there is big probability that in the incoming year 2022 or at the end of 2021 a new concept will enter in this field and that will change the trend of into something new to this field of cryptocurrency.
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