- NFTs are digital devices that represent real objects – such as art, music, video, and toys – and are traded online.
- Digital devices are often associated with art, but there are also games, music, video and sports equipment that can be used in accordance with NFT procedures to record name physical equipment.
- The interest of NFT, as with graphics, depends on the balance of the shortcomings and the demand that arises around this product. Therefore, the less work, the more it will be worth.
You’ve probably seen those NFTs is a hot topic in global investment and beyond. In 2021, “NFTHas been named the word of the year by the British Collins Dictionary. But, after all, What is the value of NFT?
To delve deeper into the topic, the e-entrepreneur Interview with Rafael Dittrich, founder of digital accelerator business Betminds, during VTEX DAY – a digital exchange available in São Paulo (SP).
What is NFT?
Non-fungible tokens (NFTs) are digital assets which represents objects in the world – such as art, music, movies, and toys – and are traded online. “Unlike cryptocurrencies like bitcoin and many other electronic devices, NFTs cannot be exchanged,” Dittrich said.
Dittrich explains that a fungible substance, like silver, can be transferred to other fungible materials. For example: “A real document can change for as long as it has the same value”, he says. Infungible objects are works of art, rare materials and other special designs.
All NFT is registered on the blockchain, a kind of ledger of cryptocurrencies. The technology recognizes the diversity and ownership of the heritage, making it unique. “The non-fungible token represents something special and indistinguishable,” the official made clear.
How to invest in NFT?
Rau Invest in NFTshe needs to buy a digital tool. According to experts, modern digital devices are often associated with the development of digital art, but also include devices for entertainment, music, video and recreation. .
NFTs can be exchanged directly between clients. However, most are buy and sell NFTs at specialized locationssuch as OpenSea and Rarible Coinbase NFT.
Upon receipt, non-fungible tokens can be used for any business, even private equity in low-income loans.
How to know if NFT will be satisfied?
Dittrich explains that the NFT supportedlike works of art, depending on the balance of inadequacies and needs that happen around this stuff. Therefore, the less work, the more it will be worth it.
NFT makes sense if the project is something that benefits the public. “For this to happen, it is necessary to understand the project and what it will create for those who have it. The potential is diverse, but not enough to say much about enjoy the future ”, the expert said.
The value of digital work can also be intertwined with the artist who created it, just as it happens in traditional marketing. The idea of being a critic or marketing digital asset is something else that can happen interest of NFT.
Dittrich cites the Bored Ape Yacht Club’s collection of NFTs as an example. The red label has won over celebrities, promoting business rights. The Bored Ape Yacht Club has established itself as the most expensive NFT collection in history, with the cheapest NFT priced at BRL 1.7 million. Businesses dealing with NFT easily exceed millions of dollars.
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