Where are you trading NFT?

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2 years ago

NFT ( Non Fungible Token) is a digital items which can be used as payment method over a commodity or assets online. With your NFT project you don't have to worry about getting reward for your creative arts. NFT is here for you, it is simply the new way of receiving rewards for successful digital items launch which can be auctioned, sold for cash return or exchange of cryptocurrencies.

Their are many NFT marketplace, which a trader can look up to, invest in collectibles or simply create digital items and get it listed on the platform's marketplace and waiting for the NFT project to attract customers in order to boost it's value for better reward. You can simply go to Binance exchange NFT marketplace and start your NFT project or simply create your own NFT marketplace where others can come in as customers either to invest in collectibles or simply partnering with you for their NFT project to get viral attention and generate sales.

HOW CAN AN NFT CREATOR OR COLLECTOR EARN PROFIT FROM NFTs?

Remember, a creator is one who created the NFTs project while the collector is an investor that came to invest by collecting his or her own purchased item, save and holdl it, hoping for the price surge. If an NFT collector sell off at the profit side automatically the creator of the NFT project earns 1% upfront benefit from the transaction, the higher the sell off from the collectors the creators earns higher, plus the benefits that comes in from the NFT project he or she created.

HOW VOLATILE IS THE NFT MARKET?

When it comes to crypto project it is attached with its own risk, and NFT is a property of cryptocurrency. So it is subject to rise and fall, which makes it volatile enough. It means, traders can lose funds at same time gain profit depending on how the market fluctuates. If it fluctuates up, it's a plus for the NFT investors, when it goes down it's a negative one which means the investment is drifting down. The market is highly volatile that's why you need to trade and manage risk, invest what you can afford to risk.

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I have been hearing of this NFT for a while but I haven't fully understood it. Your article has actually answered some questions I have about it, I guess I will learn more as I move forward

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