NFTs for anyone new in this space!

What are they? What makes them a good investment?

Here are 14 points about NFTs and how you can get started.

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1/ What is an NFT?

Non-Fungible Token – digital asset representing anything

‘Fungibility’ means mutually interchangeable e.g. Bitcoin = Bitcoin

NFTs are unique. If you exchange it for another – you will have something different. Hence, ‘Non-Fungible’

2/ What are examples of NFTs?

• Art
• Music
• Comics
• TV Shows / Movies
• Tickets
• Collectibles
• Games
• Benefits
• etc.

3/ Why would you buy an NFT?

Gamers: Wish you could sell your in-game skins?

Sports: Hang up/show-off your team’s merch?

Sneakerheads: Ever lined up at night to cop a pair?

Enthusiasts: Ever bought comics of your favourite character?

Where there is interest, there is $$$

4/ Why buy digital? Why not physical?

Some NFTs allow redemption of physical items (e.g. @DeadHeadsNFT giving Bomber Jackets)

Easier to buy and sell – avoid storage, delivery, and payment issues like you would with physical items