In many NFT sales, what the buyer gets is simply the unique entry in the blockchain database that identifies them as the owner of the digital good — the token, rather than the thing the token represents.
Why is NFT a good investment?
Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself. How Is an NFT Different from Cryptocurrency? NFT stands for non-fungible token.
Where are NFTS most popular?
The first NFT emerged in 2014. The top five countries with the biggest NFT adoption are in Asia. Men are three times more likely than women to be NFT collectors. The NFT market is projected to reach the revenue of $2.27 billion in 2024. An NFT meme sold for $4 million. 23% of millennials in the US collect NFTs.
