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The NFT market exploded in 2021, offering artists, creators, and collectors new avenues of ownership, collaboration, and trade. It also led to huge amounts of speculation by Digital Asset traders and investors into NFTs.
An Intro to NFT’s
- Digital Ownership: If you own an NFT, you own an authenticated piece of a Digital Asset.
- Rare & Unique Assets: Rarity in the world of NFTs is akin to discovering a one-of-a-kind artwork in the real world. Verifiable scarcity results in certain NFT’s such as Bored Apes or Crypto Punks sought after by collectors and enthusiasts alike.
- Emerging Market Dynamics: As an evolving market, NFTs offer early participants potential opportunities as the sector matures. However, this also leads to high levels of volatility and many NFTs have fluctuated vastly in value.
- Cultural Resonance: Beyond just assets, NFTs have entered pop culture.
- Tangible Partnerships: Renowned artists, celebrated musicians, and global brands – Ronaldo, Neymar, Justin Bieber, Madonna, and more have all purchased or been associated with NFTs.
- Boundless Innovation: As we move forward, the potential applications of NFTs are expansive. From gaming to real estate, the integration possibilities are virtually endless.
Blockcircle’s #nfts-chat allows members to share updates and developments within the NFT market and potential opportunities. Members often share purchases they’ve made and their thesis for doing so.
To help navigate past discussions, utilize the search functionality. For a guide on effectively searching within Discord, visit Using The Search Bar Efficiently in Discord.
For comprehensive insights and guidance on safeguarding your NFTs, please consult Blockcircle’s Security Guides.
