How to invest in NFTs?

One of the differences between NFTs and cryptocurrencies is that the former is regulated by the cost of the assets (you can also bid for them), while the latter is regulated by supply and demand (as they fluctuate in the market). Despite this interaction, cryptos are fungible assets and NFTs are not.

How to invest in NFTs

Investments in blockchain assignments have the potential to lead to thoughts of trading. However, one of the monumental environments of NFTs, such as art, is a long-term investment as it is customary that the works appreciate over time.

It is essential to consider several premises before investing in NFTs:

• Leer, averiguar y comprender en hondura este mercado previo a ofrecer el paso
• Escoger una plataforma para comprar NFTs: Opensea, Rarible, Sorare, Minthana
• Analizar detalladamente en qué invertir e investigar muy bien el proyecto antes de meterse de lleno
• Considerar cuánto tiempo vamos a holdear el NFT.

Once the investment platform has been selected, the wallet must be connected to proceed with the payment or auction.

Commonly, as it happens in Open Sea, the most popular NFT buying and selling platform, there are 2 possibilities: to make a bid to become part of the auction or to sell the work directly for the cost reflected in the bid.

Another way in which we can earn money and invest with the NFT is by being an artist and uploading our works or as a project developer. Here at The Blue Manakin, we support you if you have an idea, contact us.