NFT is a heterogeneous token, and any two NFTs are different.
NFT may be in the form of a painting. For example, anyone can take photos, design pictures, or paintings created by artists, documentary photos recorded by photographers, etc. Even children's graffiti, ordinary people's heads, daily photos and so on.
NFT may also be an audio. For example, Jay Chou's song Mojito, outdoor sound effects collected, original songs created, background music and so on.
There are also some NFT, such as tickets, membership cards, domain names and so on. Any commodity can be made into a non-commodity transaction. Holding NFT only holds the digital ID card and digital ownership of the work.
For example, some time ago, the blind box NFT of the ice pier in Beijing Winter Olympics issued 500 pieces, which lit up in seconds as soon as it went online, and the starting price was 99 dollars.
Open the NFT blind box, which contains the digital brooch, sports modeling, poster and emblem of the ice pier mascot. According to the rarity of the ice mound, the market price is different. The current reserve price is $2,000.
What NFT Wharf bought was not an ice pier doll, but a set of digital collections, such as the figure skating digital product with the number #48, which was not the real thing, but the owner of this number.
Buying NFT means buying a digital collection. Every NFT is different, just like buying an antique that can be seen at home. When you buy NFT, you can get a number set, which is a string of numeric characters.
For example, a picture of an ice pier, search this ID to know which address it was held, and each ice pier is different.
What are the characteristics of NFT trading?
NFT is a digital collection that can be bought and sold on a special NFT trading platform.
Generally speaking, you can use a digital wallet to log on to the NFT trading website to buy. The purchased NFT is stored in a digital wallet; If you want to sell it in the future, you can link the wallet on the NFT trading website and continue to sell it.
NFT is an investment product with certain trading requirements. Someone has to buy it to sell it. The price is too high, or there is no heat, so it is difficult to sell.
NFT also has no uniform price, and can only refer to the pricing of the same series. For example, if someone buys at the first price, the price is very cheap. 10 times to sell, there is income.
Moreover, some people bought it at the price of 10 times. Later, the market fever dropped, and the investment was wasted, leaving only an electronic photo or a video.
Even if you buy it at the starting price, there is a risk of breaking it. Some people have invested in 600 NFT projects, but more than 90% of NFT projects are lower than the initial price after they are launched, and the risks are also great.
What problems should beginners pay attention to when playing NFT?
Don't just see the NFT double, there is still a large proportion of zero.
Novices see reports that NFT has risen several times and dozens of times, and feel that NFT is easy to make money, but the pit is actually deep. More than 90% of the hundreds of NFTs that go online every day break zero, and it is difficult for novices to judge which one goes up and which one goes down.
It is not broken to zero, nor can it maintain high prices. There is no uniform standard for the value of each NFT. Look at community knowledge, market popularity, marketing promotion, etc. , are popular products with many variables.
And some NFT. After a wave of rise, only the seller has no liquidity, and all the NFT bought are in his own hands. I can't sell it in a short time, so I can only do a screensaver.
In any market, risks and opportunities coexist. If you don't know how to play, you should take the time to learn how to play. Tuition in this industry is very expensive.