How to know if NFT will appreciate?  – Cryptocurrencies – Estadão E-Investidor – Top Financial Market News

How to know if NFT will appreciate? – Cryptocurrencies – Estadão E-Investidor – Top Financial Market News

  • NFTs are digital assets that represent real-world objects – such as art, music, video, and game items – and are traded online.
  • The most common digital assets are related to digital artworks, but there are also gaming, music, photography and sports accessories that can be used after the NFT protocol to register physical objects.
  • The definition of NFT, as with works of art, depends on the equation between shortage and demand that arises around this type of product. Therefore, the more rare the work, the more valuable it will be.

You may have already noticed that NFTs The world of investing and beyond is a hot topic. In 2021,NFTThe British Collins Dictionary named it the best word of the year. But, after all, How is NFT valued?

To go deeper into the subject, E-investor Talked to Rafael Ditrich, founder of digital business accelerator Betminds during VTEX DAY – a digital transformation event in Sao Paulo (SP).

What is NFT?

There are non-fungal tokens (NFTs). Digital assets Which represents real world objects – such as art, music, video, and game items – and is traded online. “Unlike cryptocurrencies such as bitcoins and many other utility tokens, NFTs are not mutually interchangeable,” Dittrich said.

Dittrich explains that a fungible thing, like money, Can be exchanged for another fungible item. For example: “An original note can be exchanged as long as its monetary value is the same”, he said. Incredible Fung Items are works of art, rare items and other unique specimens.

Mona Lisa frame in pink, blue and purple pixels
NFTs are digital assets that represent real goods and trade online. (Source: Shutter Stock)

each one NFT is registered on the blockchain., A type of ledger of cryptocurrencies. The mechanism guarantees the individuality and ownership of the asset, enabling its negotiation. The executive explained that the “non-fungi token represents a specific and individual item that cannot be changed.”

How to invest in NFT?

of the Invest in NFTs.it is needed. Buy a digital asset.. According to the expert, the most common digital assets today are related to works of digital art, but also games, music, photography and sports accessories.

NFTs can be traded between parties directly interested. However, the most common Buy and sell NFTs on specific platforms.Such as OpenSea and Rariable Coinbase NFT.

Once acquired, non-fungi tokens can be used for any transaction, even as a guarantee in a decentralized loan.

How to know if NFT will appreciate?

Young man showing NFT on cell phone.
Digital Business Accelerator startup launches a collection of NFTs. (Source: Betminds / Reproduction)

Dittrich explains that Definition of NFTAs with works of art, Depends on the equation between shortage and demand. Which is produced around this type of product. Therefore, the more rare the work, the more valuable it will be.

NFT creates value if the work is something that is appreciated by the public. “For this to happen, it is important to understand the plan and what it will create for those who have it. The possibilities are diverse, but the shortcomings will say a lot about the definition of the future,” the expert commented. ۔

The value of a digital work can also be attributed to the artist who created it, as in the traditional arts market. Criticism or digital asset market opinion is another factor that can lead one Definition of NFT

Three NFTs from the Board Apparatus Club Collection
The board app yat club’s collection of NFTs is the most expensive in history. (Source: Shutter Stock)

Dietrich cited, for example, the collection of NFTs from the Board Epitaph Club. The famous monkeys of the collection have conquered celebrities, elevated the status of the industry. The board app yacht club has established itself as the most expensive NFT collection in history, with the cheapest NFT BRL at 1.7 million. NFT transactions easily exceed millions of dollars.

Also read:Board apps: NFTs that can own Neymar’s ‘partners’.

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