NFT (Non Fungible Token)
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.[1] Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible.
Learn Understand TradeNFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files, do not necessarily convey the copyright of the digital files, and do not prevent the creation of NFTs with identical associated files.
Here Is Our Strategic Approach In Trading NFT's
We trade tokens with good prospects: In all we do, we put in the hard work by conducting due diligence to determine which NFT has good potential for growth. We combine different techniques highlighted in this article like using Rarity.tool to compare the projects that are rare with other similar ones.
We enter early: We do not wait until a project is on every social media platform before we choose to buy it as we may be buying at a relatively high price. We are the early bird that catches the worm by conducting due diligence on available NFTs and buying the tokens when too many people still don’t know about them.
We diversify our investment: We do not put all our capital into one NFT project. We carefully spread our capital to at least two to three NFTs so that should a token dip, we will not be totally stranded as other collectibles will cover up for us.