Just as we have a series of articles dedicated to explaining the exciting world of bitcoin, we have also started another series focused on another great digital phenomenon: non-fungible tokens, or NFTs. After the first delivery , here is the second, in which we expand on essential issues of NFTs.
In this second batch we look at the purchase and collection of NFTs, the aspect to which they owe much of their popularity and high value. As happens when buying traditional art -such as paintings, sculptures…-, when you buy NFTs you are financially supporting the artists you like and appreciate the most. Also, by purchasing an NFT, you usually get some additional rights, such as using it as a profile picture on a social network or posting it on the internet. Not to mention that you can boast of being the owner of the digital work of art, even though anyone else can have a copy or download it anyway.
Added to that, if you collect NFTs, you enter the world of collecting as with any other objective. If you have a nose, your NFTs may appreciate considerably and you can sell them at a significant profit margin. And if you’re not that lucky but you like NFTs rather than collectors, you always have the pleasure of admiring your collection and showing it to other collectors or to your brother-in-law when he comes home.
Of course, keep in mind that if some NFTs are unique, as unique as the handwritten version of a literary masterpiece or an oil painting on canvas, there are NFTs that, instead, are part of a limited edition of For example, one hundred copies. Although the copies are usually numbered, this will decisively influence their future price.
Those NFTs, in any case, can become highly coveted exclusives or simply items no more valuable than playing cards that have been on the market for decades. Both options can happen and the second one is more likely by pure statistics.
Still, there are plenty of examples of lucrative NFTs from unexpected sources, like when Logan Paul sold digital copies of his video clips for up to $20,000. Yes, the video clip as is, exactly as seen on YouTube, for example, only the buyer becomes the owner of a unique digital copy. Of course, if he put his mind to it, he could sell a hundred more copies of that same video clip, duly numbered, and make even more cash: no one could stop him, although it would be seen as an ugly opportunistic maneuver.
