From cat gifs to basketball clips to a collage of 5,000 smaller photos, non-fungible tokens (also known as NFTs, also known as nifty) are among the hottest trends in the world. With sales soaring from $250 million in 2020 to nearly $400 million in the first quarter of 2021, NFTs have captured the imaginations of artists and investors alike. These digital assets are a unique form of value-storing investment that promises to upend current market models for buying and selling art.
NFT | Everything You Need to Know | Watch THIS Before You Buy…
At its core, an NFT is a collectible digital asset that contains cryptocurrency values in some form or another — digital art, music, virtual real estate, trading cards, videos, gifs, you name it. But the technology and idea behind NFTs could soon be applied to real-world assets, not just digital ones, and that’s something to watch out for in the coming months. Collectors and artists alike are grasping the rising value of such collectibles, and even the media can’t get enough of them, which is understandable.
If you’ve been wondering where and how to buy an NFT, whether it’s to collect your favorite form of digital art or to park your money in assets whose appreciation is more or less confirmed, your wait is over. We’re here to show you the ins and outs of the NFT market, where to find NFT art, and how to get your hands on one.
Related: What are NFT Stocks?