5 reasons for you to acquire NFTs
Popular globally, non-fungible tokens remain a major technological trend. But why should you
become an adept? Experts explain the industry’s strongest points.
Much of what involves non-fungible tokens, the famous NFTs, is surrounded by assumptions,
misconceptions and speculation by a layer of people who are not properly informed and
propagate untruths.
Even with all the false information, there are Brazilians generating impressive numbers and
earning a steady income from the sale of NFTs, safely, on a daily basis.
The same happens with the growing number of users who consume the network or have made it
a successful way of making money in the country.
That’s why it’s important to know where to look for the right information and ensure you don’t
misunderstand an industry that generates billions and embraces innovative ideas from artists,
companies and more.
By 2023, the biggest players in the market will use blockchain and NFTs to offer exclusives to
communities, formed by their respective consumers, with even more frequency and publicity.
In case you still don’t understand what NFTs are, we can reinforce: they represent the ownership
of digital assets such as images, videos and music files.
They are pieces of information, called non-fungible tokens, and have the necessary
documentation to prove ownership of each asset.
NFTs can also represent ownership of assets available in the “real world” as well. For example,
you might have a non-fungible token that proves you own a bottle of wine or a painting.
Due to the worldwide fascination with the possibilities offered by NFTs, this industry has grown
to become a growing trend year by year.
o reinforce the security and ease of acquiring NFTs, KLA Invest experts point out the 5 biggest
strengths in applications and clarify myths:
- Money making potential
Buying NFTs gives you the potential to make money in the long run.
Some NFTs have been sold for surprising amounts of money. If you buy an NFT at the start of a
project, you can benefit if it gains popularity (and value).
You can sell it for more than you paid to get it. Some popular projects like CryptoPunks and
CryptoKitties end up bringing in huge amounts of money.
In fact, celebrities and others can buy these NFTs, driving up the price.
If you choose the “right” project, you can make a lot of money, as long as you sell it when the
price is going up.
- Anyone can invest in NFTs
Anyone with internet access can view NFTs through various marketplaces.
As a result, you can find NFTs for sale, as well as invest in creating your own non-fungible tokens
and selling them.
Enforcement offers a potential advantage in that there are fewer filterers, also known as
gatekeepers, than you would find in “real life”.
While some NFTs may be priced higher, they are still more affordable than some other assets,
especially certain collectibles
- Ownership of NFTs is secure and traceable
As NFTs exist on the blockchain, it is possible to trace their ownership by verifying the
provenance.
Even if someone copies the image onto an NFT, you can prove your ownership of the asset.
So if you want to list it on a reputable exchange later on, you’ll be the one to get paid for it.
- Your diversified portfolio
If you are looking for a way to add asset diversity to your portfolio, NFTs could be an interesting
choice.
They give you the chance to add an alternative asset to your portfolio and take advantage of any
growth that might occur if NFTs become more popular in the future.
- More knowledge about crypto assets and blockchain technology
For those who want to learn more about crypto assets, NFTs can be a good place to start.
Before investing, take the time to find out how blockchain technology works and understand how
NFTs work as part of the landscape.
Also, as you learn, you may find other opportunities to use emerging technologies to increase
your wealth.
Did you like the reasons cited by our experts? Learn more about KLA Invest, your asset manager
that combines expertise in the financial market and the blockchain industry, by clicking here.
