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How To Maintain Security in The Crypto World

In recent years, more people have begun to invest in cryptocurrencies and other digital assets such as NFTs. These digital assets are considered a high-return investment, but they remain to be largely unregulated and involve a lot of risks. Thus, you must take steps to protect yourself and your investments from potential losses. Anything from scams, hacking attempts, and other malicious activities can affect your finances at any time.

Whether you are an experienced investor or someone who is just learning the ropes of crypto trading, it is vital to keep your crypto safe from these threats. Here are some helpful tips to help you maintain security in the crypto world:

Only Use Trusted and Legitimate Exchanges

Crypto users must only use reliable and legitimate exchanges to avoid fraudulent activities. Do your research on the exchange you want to use, read user reviews, and compare fees before making a final decision. Make sure that you are also aware of any potential hidden costs as these can sometimes be higher than advertised fees.

Falling victim to a fraudulent exchange can lead to serious financial losses so it is important to always be vigilant. Generally, exchanges that use a proof of work (PoW) mechanism are considered to be more secure than those that use a proof of stake (PoS) technique. This is because PoW requires more computing power and resources from the user and is therefore harder to hack.

Store Your Crypto in An Offline Cold Wallet

A cold wallet is an offline storage solution for digital assets. It offers the highest level of security since it is not connected to any network or internet service. This makes it almost impossible for hackers to gain access. It is also recommended to store the private keys of your wallet in a secure location. You can use an encrypted hard drive or USB stick to make sure that it stays safe from potential threats.

Monitor Your Account Regularly

As an investor, it is important to be aware of any changes in the value of your digital assets and track your account regularly. Track all transactions and look out for any suspicious activity that could indicate a potential hacking attempt or scam. It is also important to keep up to date with the latest news related to crypto trading. This can help you make informed decisions when investing in digital assets.

Use Strong Passwords and Two-factor Authentication (2FA)

When creating a new account on an exchange or other crypto service, make sure that you use a secure password and enable 2FA whenever possible. This will help protect your funds from potential hackers who might otherwise gain access to your account. Additionally, you should also keep your login details safe and never share them with anyone else.

It is important to use strong passwords for all accounts associated with your crypto assets. A password is the first line of defence for your account. Strong passwords are those that are complex and difficult to guess, a combination of several alphanumeric characters and symbols. It is also recommended to avoid using the same password across multiple accounts and to regularly change your passwords.

Avoid Public Wi-Fi

Public Wi-Fi networks are not as secure as home networks because of the number of users who can access them. Thus, it is recommended to avoid accessing any accounts related to your crypto assets on these networks. Also, if you must use a public Wi-Fi connection, make sure to only access websites that are protected with encryption.

Don’t Store Large Sums in One Wallet

It is always a good practice to spread out your funds over different crypto wallets and exchanges. This will help minimise the risk of losing all your funds in case one wallet or exchange gets hacked or becomes inaccessible due to technical issues. Plus, it is easier to track and manage many wallets compared to a single large wallet.

You can also use multi-signature wallets. These wallets provide an extra layer of security since they require the approval of multiple users before any transaction can be made. This feature makes them ideal for enterprise-level accounts or other situations where finances are managed by multiple people.

Familiarise Yourself with The Best Security Practices

In addition to those listed above, it is essential to understand the basic concepts of crypto security. You should be familiar with the various methods of protecting your assets from potential attacks. This includes understanding how different types of wallets work, setting up two-factor authentication on all accounts, being mindful of phishing attempts, and keeping all software up to date.

For iPhone users, a good example of maximising technology for your security is by using guided access on your iPhone. Guided access locks the phone to a single app, so you can be sure that your wallet is always protected. Additionally, you should pay attention to the news related to crypto security. Always read new updates or changes to stay informed about potential threats.

Final Word

The importance of security for crypto assets cannot be overstated. Investors must take all necessary steps to protect their digital funds. Remember, no security measure is fool proof! The best way to protect yourself from threats is to stay informed about the latest trends in cyber security and crypto protection. By following these simple steps, you can make sure that your crypto assets remain secure.

Crypto-Themed Restaurants No Longer Accept Crypto

The crash of NFT and crypto already cost many people a huge amount of money. It includes well-known online influencers like KSI and Logan Paul. They lost a lot of dollars. Yet if someone feels disappointed, angry, or even vindicated regarding such a bubble bursting they hopefully can appreciate one of the ironic side effects. Crypto’s plummeting value is a huge problem not only for investors but also for many businesses that are seen to accept crypto as payment. It included Bored & Hungry, the NFT-themed restaurant. Their management decided to no longer accept payments in crypto. So, if you are planning to trade Bitcoins, you may also consider knowing about the Benefits Of Bitcoin Investment.

Bored & Hungry is the burger joint that opened recently. It is an NFT-themed burger joint. It is no longer accepting crypto as payment for meals ordered from there. This burger joint in Long Beach, California is named after the Bored Ape NFTs. They took the entire world by storm in the past few years.

The restaurant included NFT culture’s aesthetics. They decorated the tables and walls with memes along with the art of Bored Ape. Customers can still pay for their ordered food with the usual old US dollar. But the restaurant listed all prices on their menus in crypto. Thus it is hugely ironic that the crypto crashing values have forced them to stop accepting crypto payments.

When they were questioned one employee of the restaurant mentioned that they are not accepting crypto payments now for their meals but they are not sure when they will. The individual did not give any indication of when this decision will be taken to cut crypto payments from the options menu of payment. He also was not clear on whether the digital currency will be making any payment refund.

The scenario in the burger joint

Initially, the burger joint was launched in April 2022. It was started themed around the crypto trends aesthetics. Bored Ape NFT designs were all over the trays and cups. The owner of the burger joint Any Nguyen mentioned that he paid over $330000 for the designs to adorn the place. He did not reply to any comment that was asked regarding the change.

As per the reports, most of their customers hardly cared about the options of crypto payment. Customers were usually indifferent to the loyalty of the restaurant to the cause of crypto. People were eager to hold their crypto and not use it. Others did not have much knowledge regarding crypto. They just came there to try out the food.

They removed every reference to crypto from their menus. The business now accepts only US dollar payments. It is not clear if such a change will be permanent. No one is sure if they may begin to take payments in crypto again.

Different impacts have been there due to the volatility of crypto and its plunges over the last few months. It included vulture investors who now circled damaged investments along with companies. As per the news, Goldman Sachs as well as others is reportedly attempting to snap up assets at their value fractions.

The market of crypto was seeing firms that once doled out huge amounts of cash now are very alert to their bottom line. Terms are becoming challenging. Investors with all the capital to assist are becoming very ruthless. They are willing to witness wipe-outs of not only institutional investors but also retail ones.

Sam Bankman-Fried, the CEO of FTX, presented himself as the industry’s saviour. He offered distressed firms one lifeline even if the firm loses money. But his BlockFi line of credit will be wiping out every shareholder as well as venture investors. It may also make the options of employees worthless. This is because FTX will be capable of buying the struggling lenders at one almost no price.

Conclusion

Moreover, a lot of restaurant patrons said that they are never complete crypto enthusiasts. The change to the policies of the restaurant’s payment is in line with the huge crypto as well as the macroeconomic recession that is present worldwide. But crypto users can visit Chipotle which started to accept crypto payments through Flexa in the month of June. Various countries are still facing relentless scrutiny and regulation. There are huge transition issues too in the market of crypto.

Why Should You Consider Investing in Digital Assets?

A digital asset is anything that is stored digitally and is uniquely identifiable that organisations can use to realise value. Examples of digital assets include documents, audio, videos, logos, slide presentations, spreadsheets and websites.

The digital world has paved the way for many new investments to come, including the crypto world. Cryptocurrency has transformed from what once used to be known only as Bitcoin to a trending topic in 2022.

Shortly after the recession began in 2008, Bitcoin was the first cryptocurrency to launch in early 2009. While it remained quite a mysterious thing for many years, it has managed to break out of the ice. As a result, investors are now turning more than ever to cryptocurrencies, and it’s becoming a profitable market to invest in.

Don’t go anywhere because, in this article, we will discuss which digital assets are the best ones you can invest in.

Should you expand your investment portfolio?

Expanding your investments in different sectors helps you reduce investment losses and helps you with the natural fluctuations that happen in the market.

Moreover, it’s unlikely that every marketing- stocks, bonds, real estate, crypto, and more- will hit rock bottom simultaneously; the more you diversify your investment portfolio, the better it is for you and for reducing your overall losses.

An investment portfolio should be well balanced and contain a mix of digital assets that investors need to meet risk tolerance levels and the goals they are trying to achieve.

Investment portfolios balanced out and have a great blend of assets will lower risk levels and generate higher returns compared to only investing in one asset in your investment portfolio. Studies themselves have shown this to be accurate, and the most important thing to know is that you don’t need to be an expert in investing to generate high returns. Instead, your goal should be to balance out risk and reward levels.

Why should you consider investing in cryptocurrencies?

The booming sector

Digital assets like the crypto world have become part of the “booming” sector, which means that we see a considerable increase in returns in a short period of time. However, due to the start of the global recession, the crypto market has staggered. As a result, the prices of cryptocurrencies are lower, but at the same time, this is an excellent opportunity for you to invest and generate higher returns when they go back up.

For example, let’s take Bitcoin for instance; several years ago, it had a price of only $7,000, but in late 2021, Bitcoin managed to hit all-time highs of more than $60,000. So, in general, the crypto market is a booming industry and managed to hit all-time highs and generate multiple levels of returns.

Excellent returns

Many traditional investors will underestimate the power of cryptocurrencies, but the amount of returns it generates is insane. Of course, not every cryptocurrency will generate the same amount of returns, but it’s worth it if it’s a profitable coin to invest in. For example, a few years ago, Bitcoin was worth a couple of thousands of dollars, but now, it is worth more than $30,000. Imagine if you had invested $1,000 while the price of Bitcoin was worth that amount; you would now have more than 30 times the returns.

You don’t have to invest large amounts of money in the crypto world. But, especially if a coin is rising in value, it is your opportunity to take advantage of it. Depending on the platform you invest in, you can buy USDT with a credit card or debit card and convert them to the cryptocurrency you are looking to invest in. Of course, each platform will have different transaction fees, so this will vary from each platform.

Exchange-traded funds (ETF) and fund managers

There are several methods to leverage crypto investments and yield models, such as crypto staking, crypto loans, yield farming, and more. However, fund managers are most commonly the best way to enter these spaces because crypto investment fund managers have a high range of products specially designed for family offices and even institutional investors.

Moreover, fund managers will offer funds with fee structures, minimum investments, and even liquidity schedules. They include passive or active management regarding cryptocurrencies, venture funding, and more.

Exchange-traded funds effectively reduce crypto investments’ risks, challenges, and burdens. ETFs are an excellent way of gaining access to portfolios for investing in cryptocurrencies, blockchain technology growth, and directly investing in cryptocurrencies.

Some fund managers and EFTs you can consider using for investing in crypto are:

  • Bitwise 
  • Pantera
  • Multicoin Capital
  • Pecunio and more 
  • Wallets and brokers 

A common approach for investing in cryptocurrencies is using digital wallets. These wallets are special digital tools that will safely store your digital assets. These wallets allow you to buy and sell cryptocurrencies and are easy to install. All you have to do is install an app with a crypto wallet. For example, Binance has a wallet stored within the app itself, Coinbase has a separate app that you can download within the app, and trust wallet is a popular app you can download from the play or app store.

Moreover, a broker promotes the same idea. Similar to a digital wallet, you can buy and sell crypto. However, with a broker, these types of services are primarily included on browsers rather than mobiles. In addition, brokers offer trading options for larger cryptocurrencies like Bitcoin, Ethereum, and more.

Digital assets are becoming modern-day investments

We aren’t in times where wealth is pre-determined if you have gold or land. Today, wealth is determined by how well you can keep up with technology and how well you take advantage of investment opportunities. Moreover, we don’t know what might happen in the future, but digital assets might take over physical assets if they become so popular that they will be used as the main currency.

For instance, cryptocurrencies aren’t physical currencies and can only be converted into cash in, which you can use. However, traditional investors still oppose virtual currencies and think they aren’t a currency that the majority might use. However, according to statistics, nearly 20000 businesses accept cryptocurrencies as payment methods, which is growing. Therefore, you have nothing to lose if you take advantage of it from now on.

Of course, if digital assets become more commonly used and are accepted by a larger number of companies worldwide, most popular cryptocurrencies will also rise in value, which will be in your favour.

It might not be a favourite for traditional investors, but those who invest in digital assets will have an advantage over the rest.

A better option for the environment

Cryptocurrencies can’t be held physically compared to physical assets, so they offer a whole new digital ecosystem. This is an excellent alternative to the environmental crisis that is going on in the world right now.

Alternatively, aside from cryptocurrencies, we also have non-fungible tokens (NFTs), becoming increasingly popular alongside cryptocurrencies. Also, you don’t always have to invest in cryptocurrencies, but you can start getting involved with NFTs, or even coin mining, which is similar to crypto investing.

Passive income

We mentioned everything, but the fact that digital assets are an excellent option for earning passive income is the best thing about it. If you are working at a full-time job or even doing something else, investing in digital assets can be your side hustle and allow you to accumulate money in the long and short-term, depending on where you are investing your money.

You don’t need to really break a sweat except for reading about where you will invest your money and let the market do the rest of the work over time.

The final word

That’s all on this article. This is all we had to say about digital assets and the crypto world. Even though traditional investors might be against digital assets, it doesn’t mean they are right about what they are saying. Nevertheless, the world is continually evolving, so we must ensure we are up to date with everything.

Even though physical money is still the dominant payment method, we never know what the future holds, so if you have digital asset capital from now, they’ll be even more valuable in the future for you. First, however, never forget to do your research. A failed investment does not have enough research, and even though we can’t predict what will happen, it’s better to have your research statistics done right.

Take time to read through the type of investment you’ll make and diversify your investment portfolio. Of course, you don’t want to invest your money into something risky!

NSAV Expands Presence in USD 500 Billion Global Metaverse Market

McapMediaWire – NSAV, a cryptocurrency, blockchain and digital asset technology company, today announced a major partnership with UNCHARTED. The Uncharted Token will list on the Company’s Decentralised Cryptocurrency Exchange, the NSAVDEX on April 30, 2022.

Uncharted is backed by Atlas Digital Entertainment, a subsidiary of Atlas Entertainment, a top tier film development and production company responsible for such films and television shows as The Dark Knight Trilogy, American Hustle, Dirty John and the upcoming Wonder Woman 1984.

The partnership with Uncharted further expands NSAV’s presence in the $500 Billion global Metaverse market.

Uncharted is a dynamic Metaverse game that hails human’s exploration of ocean and unknown continents. As the Metaverse coin circulating in Uncharted, UNC can be used to trade, buy, stake and rent various NFT properties. Meanwhile, players may use UNC to run DAO beyond the game and govern Uncharted together.

With the spirit of co-creation and sharing, Uncharted starts with highly developed and in-house games and drives its development through modular component technology, exploring the infinite application scenarios of NFTs with the community, players, and developers together.

Uncharted will create a Metaverse backed by recognised NFT assets. Each NFT has a unique value, allowing players to fully enjoy the game.

Another component of the NSAV and UNCHARTED partnership is the aim to explore the infinite possibilities of NFT as a creativity infrastructure and to subvert existing content and value sharing models with community co-creation and sharing mechanisms, so that creativity and value can thrive in communities once again.

New estimates show that the global NFT market will exceed $ 40 billion by 2021.

Uncharted is about exploring in the parallel world of the 14th and 15th centuries. With the development of social productive forces and the advancement of production technology in the Old World, capitalist production relations have gradually developed.

Due to the need for money for ocean trade and the large amount of goods purchased, this world has developed a new universal currency. People are paying more and more attention. From kings, priests, nobles, and ministers to bachelors and commoners, especially merchants, they desired to collect UNC as assets; UNC is just like land and gold in the old world, becoming the main wealth of the continent.

Adam James, Chief Executive Officer of Uncharted stated, “The Metaverse has so many possibilities. An ideal Metaverse would allow users to experience any activity, or satisfies most of their needs, then the Metaverse could be a perfect place to do experiments about social network, cryptocurrency, etc. Through Uncharted, we will work with lots of Metaverse fans to build an ideal and realistic Metaverse space.”

Mr. James went on to state, “We are very proud to work with Demond Lim and Stanley Yu of the NSAV management team and are impressed with the great vision and ability of their team, along with the support of the Silverbear Capital digital asset team.  Uncharted is not only a game about exploring, but also involves lots of scenarios in NFT, GameFi and SocialFi and we will be delighted to develop these components with the NSAV’s ECOsystem.”

Dato’ Sri Desmond Lim, Interim Chief Executive Officer and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “We are delighted to join forces with Uncharted and work with Mr. Jones’ team. The NSAV ECOsystem will expand into a decentralised Metaverse industry. We would like to thank the Silverbear digital team for their professional advice on Metaverse strategy, and we are excited to see that “Unlockable NFT” is a huge market to take advantage of.  NSAV and Uncharted will work with other blockchain partners to take advantage of the industry’s transforming landscape.”

NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.

For further information, please contact NSAV at info@nsavholdinginc.com

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech

The NSAV corporate website can be accessed at http://nsavholdinginc.com

The NSAV Centralised Cryptocurrency Exchange website can be accessed at https://ex.nsavexchange.com/main

The NSAV CEX Twitter account can be accessed at https://twitter.com/nsavcex

The NSAVDEX 1 Exchange website can be accessed at https://nsavdex.org/#/home

The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/

The NSAV NFT Marketplace website can be accessed at https://nsavnft.com/

The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/

The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/

The NSAVDEX Exchange Telegram account can be accessed at https://t.me/NSAVDEXorg

Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.

Silverbear Capital Inc. has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice.

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business.

Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.

Contact

Net Savings Link, Inc.
info@nsavholdinginc.com

NSAV Announces Launch of NFT Marketplace

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio.

MCAPMediaWire – Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company is launching an NFT Marketplace in partnership with Vagabond. The launch further expands NSAV’s presence in the $25 billion global NFT market. The Beta version of the NSAV NFT Exchange will be launched next week.

The management of NSAV believes that the time is right for the Company to enter the lucrative NFT Marketplace arena and the partnership with Vagabond enables NSAV to take advantage of Vagabond’s legal and technological infrastructure. OpenSea, the world’s largest NFT Marketplace, was valued at $13.3 billion in its recent $300 million Funding Round.

Dr. Thomas Riegler, Vagabond CEO and Silverbear Capital partner stated, “We are proud that our valued Vagabond infrastructure is powering this unique NFT marketplace.  NFT has played a vital and dominant role recently in the blockchain arena, and I am thrilled to see that NSAV is taking advantage of this market space.”

Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “This is truly an exciting time for NSAV and VAGABOND. This is the first of many promised projects NSAV will pursue with Vagabond. The performance of VAGABOND is truly amazing. NSAV and VAGABOND will be announcing additional joint projects in the weeks to come.”

About Vagabond:

Vagabond Company Logo

Vagabond Company Logo

Vagabond is a Blockchain-as-a-Service Platform that enables businesses to implement the benefits of Blockchain into their operations. We see a significant market potential that addresses the most notable challenges companies face in deploying blockchain solutions – the cost and time of implementation and adoption. Vagabond sets to build its community for individuals and supports users to experiment, learn or run their dApps (e.g. NFT Marketplace) based on the Vagabond platform. Vagabond’s primary strengths are predefined processes and modules that the user can use and adapt without writing a single line of source code.

For further information please contact Vagabond at hello@vagabondapp.io

The Vagabond Twitter account can be accessed at https://twitter.com/Vagabondappio

The Vagabond corporate website can be accessed at https://vagabondapp.io/

About NSAV:

NSAV Company Logo

NSAV Company Logo

NSAV’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.

For further information please contact NSAV at info@nsavholdinginc.com

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech

The NSAV corporate website can be accessed at http://nsavholdinginc.com

The NSAV Centralized Cryptocurrency Exchange (CEX) website can be accessed at https://ex.nsavexchange.com/main

The NSAV CEX Twitter account can be accessed at https://twitter.com/nsavcex

The NSAVDEX 1 Exchange website can be accessed at https://nsavdex.org/#/home

The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/

The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/

The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/

The NSAVDEX Exchange Telegram account can be accessed at https://t.me/NSAVDEXorg

Silverbear Company Logo

Silverbear Company Logo

Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchanges and OTC Crypto Trading Desks. Silverbear will also help guide NSAV in ensuring that its exchanges and OTC Desks are continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.

Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice.

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.

Contact

Net Savings Link, Inc.
info@nsavholdinginc.com

Financial Advice: The Main Benefits Of Collecting NFTs

Unless you have been living under a rock for the past few years, you have likely heard about NFTs. These non-fungible tokens are the latest in a wave of technology shaping how people do business and place value on things. However, many people are still in the dark about what they are and how they provide value. This post will cover why an NFT can be valuable and what advantages come from entering headfirst into the wild world of NFTs!

You Will Become A Part Of History

There is no doubt that by owning one NFT or many, you will become a part of history. You will be a pioneer in the space, and no matter what happens, you will still be one of the few who had the intestinal fortitude to walk the walk. Moreover, when you compare it with those who invested Bitcoin when it was only $1 per coin, you could be in for subnational returns in the future. There will always be naysayers, but those who do, do and those who don’t, complain!

They Can Be An Investment

When you get into something early, you take on more risk, but possibly set yourself up for a profitable exit. If you do your research and check the prevailing trends, you could end up with another Bored Ape #5199 on your hands! You need to use online resources to perform research and due diligence before investing, but with the right attitude, you could end up with something scarce and, therefore, expensive.

In order to buy and sell an NFT, you have to join a particular marketplace. An NFT marketplace is a digital marketplace for virtual goods and assets. They are created using blockchain technology, and NFTs can be exchanged through smart contracts. According to the famous NFT marketplace jungle, you can use these platforms for many things, from setting up your wallet that you will store your NFT in, to minting and listing your own for sale. When it comes to marketplaces, not all are created equally, and it is advised to use the most well-known options if you are just dipping your toe into NFT waters.

You Might Need Them For The Metaverse

While most will currently associate the Metaverse with Facebook’s rebranding exercise, it has been around for a lot longer than you might realize. In essence, the Metaverse is a virtual reality of sorts that is poised to be the next big thing. In this virtual world, you can do almost anything within the boundaries of the rules. The Metaverse is almost exclusively being discussed in relation to the possibilities of blending it with NFTs. In fact, NFTs and metaverses have become virtually synonymous. It is reasonable to infer that virtual worlds will form the basis of the Metaverse, and within these worlds, there will be more need for innovative contract technology as people trade inside these new worlds.

One interesting example could be virtual real estate. Plots of virtual land could be sold as an NFT, and it would work similarly to the real world. For example, more desirable areas would be more expensive to own than less desirable areas. The question remains what would be considered desirable in the Metaverse, but the opportunity is undoubtedly there.

You Can Support The Little Guys

Ultimately, NFTs allow people to sell things and keep the rights to those goods. This is a game-changer when it comes to art, as it means that artists can sell their works without worrying about losing control of them. You can think of it as if Picasso made 20 prints of his famous Girl before a Mirror artwork and then personally signed each of them. These prints would possess a higher value than prints that haven’t been signed and can be sold for a profit.

However, Picasso still owns the rights to his original works, which you can’t infringe on. However, it is even better for NFTs because anyone who makes one can place into the contract that they earn a commission every time it is sold. Because the contract is smart and uses a blockchain, this process would be automatic and inviolable. As a result, if you purchase an NFT from a budding artist, you are assured that you are helping them.

Some NFTs Offer Access To Members-Only Areas

The most popular NFTs have often included a special members-only area to which those who possess the right NFT have access. The most famous example is the Bored Ape Yacht Club, which provides access to members-only areas called the BATHROOM. What is inside isn’t necessarily the be-all and end-all. Instead, you can become part of an exclusive club (more on that in the next point). Other NFTs like Alex Becker’s Neo Tokyo open up an entire digital city on the blockchain that users can interact with.

You Can Become A Part Of A Thriving Community

Usually, you can tell who’s bought an NFT by how they use it as an online avatar for all of their online activities. They will use it for all of their social media channels, and it will almost become a part of them. But why is this so? Well, the most apparent answer is that by owning an NFT, you become part of an exclusive community of first movers. You are connected to other visionaries in the space, and you can use your NFT as a calling card. Because nobody will ever possess your specific avatar unless you sell it (and assuming you have bought into an NFT with individual identities), you can become known online by using it as a handle. In fact, many NFT collectors will hold onto one they particularly like and keep it rather than trading it.

You Can Obtain Something Truly Unique

Once you buy an NFT, you own that specific version of it. While you don’t own its rights, you own something rare and unique. You can think of it as borrowing the last ever Jaguar E-Type and having permission from the owner to display it in your personal collection. OK, that might not be the best analogy, but the point remains that you will have something that nobody else has in your possession.

NFTs are a relatively young innovation, and as such, there is a lot of misinformation surrounding them. However, there are plenty of potential upsides to owning one that ranges from investment opportunities to becoming a part of history.