'How to Start Investing in NFTs: For Complete Beginners' by AdamFard_ nft investing
and could have a profound impact on art. That also means that investing in them can have great returns. NFTs that sell for hundreds of dollars on launch can reach hundreds of thousands, even millions.
Trading NFTs is as straightforward as connecting your wallet, picking an NFT and placing a bid. On the other hand, getting a good return on investment is another thing entirely. Why is that? If you like a piece of digital art, chances are that there are others that like it too. That makes it more likely that people will pay more for it in the future.
Look at the unique perks of the collection. Many NFTs give access to a social club. As if they have an active community that people want to be a part of. Others can be used in games. Ask if the games are any good. If the NFTs can offer their holders something valuable, chances are that they will be valuable too.On the other hand, short term flipping strategy is for the impatient, who want to make their money now.
The best returns come from new and smaller projects. It is unlikely that CryptoPunks will double or triple in value in the next few days. On the other hand, hundreds of smaller projects will.
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