Five things you need to know before buying an NFT
The market for NFTs has become very expressive over the past two years, following multi-million dollar sales of digital art that were tokenized on the blockchain — hence the term “non-fungible token”, and Acronym NFT. Over the past year, the new virtual asset class has become popular not only with cryptocurrency investors , but also with celebrities, who don’t hesitate to spend thousands of dollars on Ethereum to own or produce their NFTs. In 2021, the global NFT transaction volume will be 23 billion US dollars , most of which will come from the “fear of being excluded” (“FOMO”), which has driven many people to invest in the industry. But many new investors know little or nothing about how NFTs work, leaving them prone to mistakes that can cause them headaches. Therefore, to enter the world of non-fungible tokens, one must be careful, especially for beginners, because the investment style can be affected by the volatility of the crypto market. There is risk of loss, and there are...