NFT 101: Missed out on Bitcoin? Be early for NFTs and get your unfair share of the pie by Niclas Saunders
English | June 11, 2022 | ISBN: 3910355013 | 135 pages | EPUB | 1.61 Mb
English | June 11, 2022 | ISBN: 3910355013 | 135 pages | EPUB | 1.61 Mb
If you want to confidently navigate the NFT world and continuously gain positive returns on your NFT investments, keep reading.
According to market research firm Statista, the entire NFT market has grown 200-fold in the last year, reaching $13.9B in 2021. The substantial increase in invested dollars suggests that NFTs have become a separate asset category.
Does this mean anyone can get rich in this market? While the number of NFT investors has grown, the group of people accounting for the lion’s share of the profits is relatively small. 5% of the NFT investors rake in 80 percent of the overall profits, according to blockchain data platform Chainanalysis. Substantial potential for profits awaits a well-informed investor.
In April 2022, owners of Bored Ape Yacht Club NFTs lost hundreds of thousands of dollars after a social media account of the project was hacked. The assets were gone when the owners signed fraudulent transactions with their wallets within a split second. This shows that a lack of understanding of the underlying technology could lead to substantial losses.
With this book, you can get a head start in the NFT world based on a solid understanding and knowing exactly what you are doing, even if you are not a techie.
Inside this book, you will discover:
Now is the perfect time to start building your NFT portfolio!
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