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NFT Craze Coming Back..

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@alokkumar121
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In the Crypto space, we keep on hearing new things and it's quite common here because there is a lot of innovation in place.

We have been hearing a lot about Defi (decentralized finance) and NFT for quite a long time however these days it seems like NFT Grace is going down. If you remember then at the beginning of this year probably in the month of January and February there were not of action in NFT and we were able to hear something great almost every day happening on the segment. In the DeFi, there is still a good amount of action and we can see it happening over here including Comp defy even many others which are quite popular.

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Finance has announced that they are going to enter in NFT segment and from June month onwards it will be available for all the users. Another great thing is that the Wazir X exchange is also making an entry in NFT and this exchange is also acquired by Binance. Wazir X is based out in India and it will be the first exchange in the country to roll out NFT services for their customers however on the global front Binance is making the move.

Binance has created the portal and they seem to be going live next month however there is no update by wazir yet.

https://nft.binance.com/en-IN

https://nft.wazirx.com/

I have an account in both the exchanges and keeping a close eye on the further update. Both exchanges are the leading ones and I expect that with their entry something great should start in NFT.

I used terrible to buy NFT and when I purchased that time ETH fee was not crazy however these days transaction fee is not at all affordable.

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I expect that with Binance, the transaction fee will not be a concern as they will use BNB which will keep the transaction similar to what we are paying these days in the Defi project built on Binance Smart Chain (BSC).

It's always a good idea to join early whenever something gets released in crypto. I still remember when Cub Defi was launched that time APR was huge for few weeks and I am happy that I did join the pool within few days that helped me to have awesome rewards. That time APR was more than 1000% and now it's at 200% approx.

There are many opportunities to invest and earn but the first and very important is the team behind the project. If the team is good then I am happy to invest and if not then I stay away and don't care what returns they are offering.

What are your thoughts on NFT?

Thank you so much

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