No doubt by now you’ve probably heard of the new term NFT.
NFT stands for “non-fungible token” and it allows you to use the blockchain to buy and sell both digital assets, as well as physical.
FUNGIBLE VS. NON-FUNGIBLE:
The difference between “Non-fungible” and “fungible” is this:
Say you have $1. You can trade it for $1, but you won’t trade it for $10. That’s a fungible asset.
Non-fungible means that $1 can be traded for multiples of $10 – depending on what someone is willing to pay for the $1.
Non-fungible assets live in the digital world.
HOW DOES IT APPLY TO THE BLOCKCHAIN?
The blockchain (a special kind of secure code) is used for many things, but its most well known use is in currency.
Online currencies are called “crypto”. These include BitCoin, Ethereum, Litecoin and others, and they are just as important to the financial system as regular fiat dollars.
This is because the space is growing.
For instance, just one LeBron James trading card sold for over $100,000. Tesla owner Elon Musk bought $1.5 billion (with a B) worth of crypto the other day. An artist sold over $5 million dollars of NFT art in 20 minutes. Youtube celebrity Jake Paul made over $3 million selling branded trading cards. The Dallas Mavericks owner (and Shark Tank host) Mark Cuban is diving head in. And there are a lot of others as well.
This creates a great opportunity for you and your assets – whether art, music, memorabilia, and more!
You can now do pretty much everything you used to do with fiat money, with a cryptocurrency. This includes buy and sell things. And right now, people are paying a premium for these items!
BUT WHAT IF YOU ONLY WANT TO SELL SOMETHING AND NOT GET INTO THE ‘CRYPTO’ WORLD?
That’s Where NFT Creative Group Comes In!
NFT Creative Group can help you sell your assets (art, music, memorabilia and more) without the hassle of you having to do it yourself. And right now, it’s a little difficult.
There are exchanges, wallets, ‘gas’ fees, and more involved in buying – and selling – items for crypto.
But that doesn’t mean it’s not worth it!
The NFT market is literally exploding – with millions of new users who buy and sell on these platforms everyday.