I Rather Buy an NFT than Buy a Shitcoin

If you have been reading my previous contents you will notice I have been talking about NFT lately. This is my new interest for the moment. I have been doing a lot of research and reading and finding out new things about NFTs. If you will like to know more about NFTs you can read here

I don’t think people understand how an extremely scarce and rare NFT can sell for millions of dollars. It’s literally a Non-Fungible Token, you can’t find it anywhere else. It’s a digitalized rare collectible. But they will rather throw all their money into a brand new copy and paste meme coin with same quadrillion quantities of that coin. With no use case and it’s a Ponzi scheme designed like a coin. It’s a pyramid scheme. Those who enter early and sell at the top are the ones making their money.

You might be asking, “why should I buy an NFT when I can just screenshot the image or download it”. It might seem like a waste of money to you, you are not alone with that thought, a week ago I thought same but I know better now. The main point is that NFTs are more special, because the file stores extra information which makes it superior over pure currency and brings it into anything you want it to be. They are parts of a blockchain so when you buy an NFT you are buying and becoming the owner of a specific part of the blockchain.

Do you see how big of a deal it is?

Like you own a specific, well defined place in the globally known and future proof blockchain. This gives you proof ownership that can be found in a search engine. Something is only valuable When people are interested in it. For those that have no interest in it, it will mean nothing to them. But as long as there is demand for it, and the supply is just 1 the value will always be there.

@edystringz explains what NFT is in case you don’t know about it.

What are NFTs and How Do They Work? So what are non-fungible tokens otherwise known as NFTs? Well, NFTs are digital assets that symbolize either genuine or immaterial objects. These objects can be anything ranging from digital artworks to actual artworks, to even tweets. With NFTs, you can make a duplicate of the original work and tokenize them on the blockchain. At the point when you do this, your work gets a special ID that can not be shared with any other NFT.

Have you joined the NFTs trend yet? A trend not likely to fade soon

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