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RE: Steemit Crypto Academy Contest / S2W4 - What are NFTs. by @jasminemary

in SteemitCryptoAcademy2 years ago

Each NFT has its own unique and it is value differently based on their demand and value. Whereas for other currencies like Bitcoin for example, everyone knows that one Bitcoin is equals to another Bitcoin.

Yes, this is rightly said. NFTs are so unique on the blockchain to the point that we might look at with and see similarities but they are totally different.

Even a collection which is mostly made from one nft ar wall unique and different hence they are not interchangeable.

Investing in NFTs is the same way that you have been investing in other cryptocurrencies.

Yes, I think this point has to be emphasised more. Some people see the nft world to be so different .
As you rightly said invest in an NFT is as simple as investing in crypto. Just make sure you research on the project and buy it when it is low and sell high. You are never in debt when you sell high. Just like crypto you only loose money when you see low.

Go to account page and set up your account by updating your profile After you have set up your account click on Create.

I think i should also be emphasised that without a wallet you can’t actually create a page with opensea or the market places. The wallet is like your security haven for your nft collection and you need it every step of the way.

Looking at whether NFT can be stolen.

It’s unfortunate at how a users nft can be stolen if he is not careful with his metamask wallet or any other wallet.

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