What Are NFTs and How to Invest in Them?

Unique digital assets that are kept on a blockchain like Ethereum or Solana are known as NFTs, or "Non-Fungible Tokens." Each NFT is unique and represents ownership of digital art, music, collectibles, virtual real estate, and other items, as opposed to cryptocurrencies like Bitcoin, which are interchangeable. ## **Key Features of NFTs:**

"Uniqueness" refers to the fact that no two NFTs are alike and cannot be duplicated. ✅ **Ownership Proof** – Blockchain verifies authenticity and ownership.

**Smart Contracts**: Automates resale royalties for creators. **Interoperability** – It is usable across metaverses, games, and apps. **How to Put Money into NFTs **

1. OpenSea, Rarible, or Magic Eden are the marketplaces you can choose from. 2. **Set Up a Crypto Wallet** – MetaMask or Phantom.

3. **Buy Cryptocurrency** – ETH, SOL, or other supported tokens.

4. **Research & Mint/Buy NFTs**: Search for community, utility, and rarity. 5. **Hold or Trade** – Sell when value increases or collect long-term.

### Important Factors to Consider: ⚠️ **High Volatility** – Prices can crash suddenly.

Scams: There are phony NFTs and rug pulls. **Liquidity Issues**: Selling some NFTs can be challenging. NFTs offer exciting opportunities but require careful research. Start small, learn trends, and invest wisely