NFT means non-fungible token which means it is representing the ownership of digital art. Basically, it proves the ownership of digital assets and there are multiple types of NFTs available such as profiles, gaming, avatars, fashion NFTs ETC. Many artists now adopting NFTs to represent their art skills and they are making huge money.
I am also holding only splinterlands NFTs but I will try to explore more NFTs and especially in the hive. One of my friends suggested me rising star game NFTS and it looks cool too. I believe diversification is very important and that is why exploring NFTS is the best option.
Splinterlands users very well know about the soulbond NFT concept because they are getting soulbond NFT daily. So soulbond NFTs link directly with your account and you can't transfer it. so here you may ask what is the use case or usability of Soulbond NFT. So let's say you have a birth certificate and you will not want to transfer the birth certificate. So this is the important use case of Soulbund NFT.
The good thing is now this trend is becoming popular more people learning about it but Splinterlands users directly used Soulbond NFT before it gets popular. If you want to give access to someone else of Soulbond NFT then you have to give a key to that person.
NFTs s not yet fully developed and most things are based on experiments. I gave you the example of Soulbond which is an experiment too and may it will not succeed and this phase is going on in the NFT market. If you see NFT from an investment perspective then you have to understand that this is volatile and risky too like cryptocurrency. Most people buy NFT to sell it at a high price.
There are many NFTS that are launched and are available for free in the beginning, you can claim it but later it will hit the market and be valuable in the market. You can find many examples of it. It is similar to the airdrop concept and in return, you have to do a whitelist process. If you are the creator and you created something unique then definitely someone will buy it. Always remember one thing, Value resides in the eyes of the holders.
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Let's say if some popular celebrity created one NFT and he dies then people will definitely going to buy those NFTS for remembrance. Because the uniqueness is the remembrance. This is nothing compared to the celebrity fans doing crazy things for their favorite celebrity. In India, there are crazy fans of politicians and actors and they believe that they are gods and they can do anything for them.
Even if the one popular politicians create the NFT, his crazy fans will run behind that particular NFT. This is not the only factor that works here, artists can say a thousand words in their art and that type of NFTs are going to be popular too. Uniqueness and creativity are everything and you can convince people of your uniqueness through digital art (NFT).
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Thank you, everyone.
Lucky Ali
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| Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
