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NFTS

  • Writer: Derrick Clavile
    Derrick Clavile
  • Jan 18, 2022
  • 1 min read

What is an NFT? NFT is a non-fungible token that is unique and non-interchangeable of data stored on blockchain a form of digital ledger which can be bought sold and speculated like a stock. I know you are wondering what the what are the pros and cons of an NFT well there are various things you should know before getting and I'm going to list them here.


Pros of NFTS

  1. NFTS are uniquely owned

2. Increasing market value is one of the foreseeable pros of NFTS

3. NFTS will be a great option for licensing digital art

4. NFTS can be used for fundraising gaming and collectibles

5. Future trading and investment options

Cons of NFTS

  1. Uncertainty is one of the common cons of NFTS

  2. Physical art cannot be digitalized through NFTS

  3. Blockchain technology links environmental impacts

  4. NFTS can be stolen


Now those are the pros and cons of NFTS.

NFTS are very unique since they are digital forms of art, and they aren't too hard to create plus they also have a great market and great value either way with that being said NFTS are cool just as long as you make them right or buy one with high value and always try to protect your NFT because it can be taken. Have a good one

 
 
 

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