Guide to NFT coins with massive growth potential for investment.
NFT Coins Overview
NFT Coins are crypto asset that represents a virtual good. It stands for Non-Fungible Token as unique digital assets or goods that you can hold in your wallet. NFT coins are blockchain-based assets, a kind of crypto tokens.
The blockchain is a decentralized public ledger that stores transactions and records them publicly. Virtual goods are non-fungible tokens and they can represent any kind of digital object such as CryptoKitty, Cryptopet, and Cryptopuppy. These NFT tokens can be transferred from one user to the other by using smart contracts on the Ethereum network.
As of 2019, there are over 300 NFT games in development on the Ethereum blockchain platform. You can buy, sell and trade NFT assets in exchange for ETH and other cryptocurrencies. There is also a secondary market for NFTs in which you can buy and sell your items.
Games on the Ethereum Platform
CryptoKitties was the first game built on the Ethereum platform back in November 2017. This is followed by CryptoPets, CryptoCelebrities, Cryptobots, and many others like CryptoCities and CryptoBots in April 2018. There are many ways to earn money with NFT coins.
The most popular way is to buy low and sell high. Thus, by buying collectibles at discount prices when they are issued on an exchange or marketplaces like OpenSea or Rarebits. Another way is trading NFTs on decentralized exchanges like OpenSea or Rarebits.
You can also earn money by breeding new unique collectibles. So, selling them for a higher price or earning dividends from selling new items on the OpenSea marketplace. There is also a possibility to earn money by staking NFT coins in games like CryptoBots or Cryptofighters.
Investing in NFT coins is a smart move to make a profit in the crypto world. There are many NFT games and websites that allow you to exchange your collectibles for ETH or any other cryptocurrency. The popularity of virtual collectibles has increased significantly over the past few years.
So, earning money with NFT coins will be of interest to many investors and collectors. However, you should do your research before investing in virtual goods.
Virtual goods are more than just entertainment, they are also considered an investment asset. Since it can potentially generate profits besides playing them. In 2019, virtual goods like Cryptopets, Cryptopets, and CryptoKitties are still popular among gamers and crypto enthusiasts around the globe.
In the NFT coins world, you can find many websites or platforms that offer a wide range of interactive digital assets. These are also known as ERC721 tokens and you can hold them in your wallet. It is similar to holding an expensive collectible or a piece of art in your digital wallet. Many people are beginning to accept NFT coins as an alternative to fiat currency or gold.
These tokens are still very volatile and it is not certain that there will be a high demand for them in the future. So, if you want to become a billionaire from blockchain technology and virtual goods then you must take the risk and be smart in choosing the best cryptocurrency.