I’m Ready to Invest in NFTs, Now What?!
Welcome back Crypto Witches! 🔮 As promised, here is your NFT 4 beginners guide — the first in our Crypto Witch Club Medium series on getting started in NFT space.
This is a friendly reminder — you don’t need to be able to create NFTs yourself to be involved in the NFT ecosystem. You can become involved in the NFT space as an NFT collector and investor — investing in projects you believe in, artists you like, and projects with strong fundamentals + perks. (Obviously, witches.) In addition to art and media files — like music — you can also invest in collectibles and assets you can utilize (and sell later) such as fashion, land, and music in The Metaverse and on gaming platforms. 👾 (If anyone wants to know what we want for Christmas, it’s this.) 🏝
NFT BASICS TO KNOW
What is an NFT?
NFT stands for non-fungible tokens. (But you know that already.) 😉 Fungible means ‘able to replace or be replaced’, so a non-fungible token means its unique and non-interchangeable — it cannot be reproduced or duplicated — one of a kind.
Ok sure but, WHY can’t NFTs be duplicated or reproduced?
