NFTs are digital assets that you can purchase and sell in an NFT marketplace that was specifically for blockchain transactions. To purchase NFTs, you’ll need to have enough cryptocurrency in your digital wallet and go through an investment marketplace. As a result of the scarcity paradigm, NFTs have varying costs and values, meaning they can cost anywhere from just a few dollars to millions. So, how to invest in NFT? >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Investing in NFTs Explained If the idea of investing in the best NFTs to buy appeals to you, it’s a good idea to first learn about NFTs and how NFT investment works. NFT stands for “non-fungible token” and refers to a digital token used to guarantee ownership of a specific asset, as stated in the introduction. Although the majority of NFT trade volume correlates to music, digital art, and blockchain gaming products, the asset in question could be anything. The blockchain, which is the decentralized network that underpins various cryptocurrencies, is where NFTs are stored. Although blockchain technology was first popularized by Bitcoin, many other intriguing networks have been created since then and built upon the foundations that it laid down. Ethereum has risen to the top of the NFT space, while Cardano, Solana, and the Binance Smart Chain are also highly involved. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Where Can You Buy NFTs? NFTs are bought on specially designed marketplaces for NFTs and other digital currencies. NFT is a non-fungible token in which the token you purchase represents a unique item that is not replaceable directly with anything else. An NFT can be bought at a fixed price or through an auction. With an auction, the price of an NFT will most likely depend on the demand. The higher the demand, the more valuable it is. Some NFTs can only be found on a platform where they were minted, and one of these platforms is NBA Top Shot NFTs. The NBA creates NFTs out of the player videos and sells them through the platform. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Here are some of the most popular platforms where you can buy an NFT: NFT Launchpad, OpenSea, Binance, Coinbase, Nifty Gateway. Can I Make My Own NFT? Anyone can make their own NFT, as it is not only reserved for musicians, artists, and games. If you have legal ownership of something, you want to turn it into an NFT. This should be your first step. Next, you need to find a marketplace where you want to mint your NFT. You will need to have a wallet and a certain amount of money to create your NFT. NFT is based on blockchain technology and smart contracts. Smart contracts are, in essence, written codes in the NFT that store information about that NFT and its ownership, allowing transparency and security of each NFT. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. What Are the Most Popular NFTs? The NFT world is currently booming, and many people have decided to invest and create their own NFTs. The most popular categories of NFTs are art, music, and collectibles. There are also NFTs that you can earn by playing a game. In essence, you play a game and collect valuable items in the game that, later on, you can sell. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Also, there are NFTs you can buy in metaverses such as art, land, buildings, and much more. There are even virtual marketplaces on metaverse where you can trade your digital assets. Here are some of the most popular and most valuable NFTs: Lucky Block NFT, CyberBrokers, BoredApeYachtClub, Decentraland, The Sandbox, Azuki, Doodles. How Is the Value of an NFT Determined? We already mentioned that the market will determine the value of an NFT, but what factors are considered when determining it. Rarity is one of the most important factors that define the value of an NFT. If the NFT is hard to get or is created by a famous artist, it will have a bigger value. The second factor is utility. If NFT has a real application in the digital or real world, it will have a higher value. For example, if you have an NFT game character that is rare and one of the most useful in the game, more gamers will want to buy that NFT, which will increase the value. Last but not least, another factor that affects the value is tangibility. If NFT is connected to real-world objects that are rare, practical, and sacred to many users, it will give the NFT a higher value. For example, an NFT ticket to a VIP concert with celebrities will have a higher value, especially if there is a limited edition of those tickets. You Need to Invest in Crypto To Invest In NFT In order to buy any NFT, you will need to have a cryptocurrency that supports that NFT. So if you are interested in an NFT that is based on Solana, you will have to buy SOL. Still, most of the NFTs are based on the Ethereum network, which means you need to buy ETH first in order to get your NFT. >>>Get Ethereum on eToro to buy the NFT<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. There are many exchange platforms and brokerages where you can buy and trade cryptocurrencies, and all of them have different fees and rules when it comes to buying crypto. The most popular platform among beginners is eToro since it doesn’t charge you any fees for opening an account, and transaction fees are a minimal 1%. Here is how you can buy NFT through eToro: Step 1: First, You Need to Open an eToro Account Go on eToro.com, and in the far right upper corner, click on the log-in icon. A new window will open, asking for your user name and password, but there will be an icon to sign up below. Another window will open asking for your information, like an email address, username, and password. Click create an account, and you are good to go. Step 2: Verify Your eToro Account and Deposit Money Verification on eToro is easy and fast. All you have to do is to prove your identity, address, and phone number. This is both for your safety and the safety of others on the market. You will have to share personal documents with eToro, such as date of birth, photograph, and ID. The next step is to deposit money into your account. This deposit can be as small as $10. You can make this payment with a credit/debit card and bank transfers, or you can use some of the e-wallets like PayPal, Skrill, and Neteller. Step 3: Buy Your Own Ethereum Go on the search bar and type ETH or Ethereum. The list of all available ETH will appear. Find the option you prefer most, and click trade. Once you click the button “trade,” another box will appear asking you to give the desired number (recommended minimum for MANA is $50). Type in the amount you’re willing to buy, click the “open trade” button, and you are done. Step 4: Download a Metamask Wallet and Connect It With eToro The next step is to go on MetaMask and download a wallet. This Crypto wallet acts as a gateway to decentralized finance (DeFi) and NFT. The next step is to connect your wallet to the eToro and send your ETH to that wallet. Step 5: Connect Your Wallet to the NFT Marketplace Go to the eToro and search for the MANA token. Click on the icon wallet, find MetaMask, and click connect. The process will be done in a couple of seconds, and you will be able to make the trade you wish. >>>Get Ethereum on eToro to buy the NFT<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. How To Invest In NFT and Make a Profit – Buy Lucky Block NFT We can agree that simply owning one NFT can be called investing. Even though you did invest some money to make a profit, you need to pick the right NFT to invest in. For starters, NFT must come from a reliable source, it needs to have good community surroundings, and transaction and other fees need to be minimal. One of the most promising NFTs in 2022, where most certainly you will make some money, is Lucky Block’s NFT called Platinum Rollers. As you may know, Lucky Block is a new decentralized lottery game where each holder of the token gets an easily shared amount of money after the jackpot is finished. With Platinum Roller NFT, you will get exclusive access to additional lottery prize draws for NFT holders, which means you will earn more money by basically not doing anything. >>>Get Lucky Block Platinum Rollers Club<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. How can you buy the Lucky Block NFT? The Lucky Block Platinum Rollers Club NFT collection is minted on the Binance Smart Chain and that’s why you will need Wrapped BNB (WBNB). If you are using Trust Wallet, just add the coin to your wallet and then swap it with another crypto. >>>Get Lucky Block Platinum Rollers Club<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Step 1: In Metamask, make sure you are on the Binance Smart Chain. By default, Metamask will take you to the Ethereum Main Network, and to change the network, you need to click on “Wallet”. After that, you need to select Binance Smart Chain Network (which will be positioned at or near the bottom of the list of networks). The ones of you who don’t see Binance Smart Chain listed, need to go to “Settings – Network – Add Network” and enter the following details: Network Name: Smart Chain New RPC URL: https://bsc-dataseed.binance.org/ ChainID: 56 Symbol: BNB Block Explorer URL: https://bscscan.com Then, go back to the network settings, choose Binance Smart Chain, and close the view. You will see under the “Wallet” heading that the network is now showing Binance Smart Chain. Step 2: Get WBNB. Swap BNB or another crypto for WBNB. Make sure you also have a small amount of BNB to cover gas fees and remember that you will need 3.75 WBNB to buy the NFT. Step 3: Go to the NFT marketplace in your browser. Simply go to nftlaunchpad.com. Step 4: Click the “Connect Wallet” button. Here, you simply need to click on the “Connect Wallet” button. Step 5: Connect MetaMask or Trust Wallet If you are using MetaMask, make sure to be on the Binance Smart Chain network, and also keep in mind that Trust Wallet is not available at launch. Step 6: Click the “Explore” button. Here, you will notice Platinum Rollers as one of the collections that you can purchase. Step 7: Click on “Buy Now” to buy the NFT Don’t be confused about not seeing the image of the actual NFT during the buying process. You will see it after the transaction is done. Step 8: Here you will see your NFT appearing in your site profile area. For accessing NFT Launchpad from your phone, you need to use Metamask’s built-in browser. Simply go to the drop-down menu and select “browser”. Then, type the “nftlaunchpad.com” URL into the address bar to navigate to the marketplace. Now, you will see the NFT in your profile on NFT Launchpad. Click on the avatar on the bottom left-hand side. To see the NFT in your MetaMask wallet, go to the import token at the bottom of the assets list. For the contract address paste: 0x78178bb96d3533D45EB4809bfE4c3F69E712b560 Collectible ID: the number of the NFT you bought Token symbol: LCK Decimals: 0 As we already mentioned, you can purchase your Lucky Block NFT on Launchpad, but there is one more way to do that. You can purchase the Crypto for your Lucky Block NFT, or any other NFT on eToro, and here we will explain how you can do that. >>>Get Lucky Block Platinum Rollers Club<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Play to Earn NFT Games Another way you can make a profit out of NFT is by playing games. This way, you will not spend any money and still have fun and earn money along the way. The only catch is that you need to know your way around the gaming industry to find a popular and easy game to play and, most importantly, have a strong community of gamers willing to trade these NFTs. You can play many play-to-earn games, from strategies and multiplayer games to card games and farming. Each one has its own qualities and benefits. Most of these games have a marketplace in them where you can trade your earned tokens and NFTs, but you can also trade these NFTs on open marketplaces. Here is the most popular play to earn games: Axie Infinity, Decentraland, Alien Worlds, The Sandbox, Silks, DeFi Kingdoms, Gods Unchained. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. How to Sell an NFT? Aside from some NFTs where you can earn passive income, such as Lucky Block’s NFT, the real profit lies in smart investing and trading. Of course, you can list your NFT for a certain amount of money and wait until it is sold. Most NFTs are not an investment but ownership of a certain asset, and people do keep them as a collection. Nevertheless, there are many people who trade their NFTs on the marketplace that support that NFT. So if your NFT is based on ETH, you will need a marketplace that supports this network as well. In order to sell an NFT, each platform will charge you a fee that is called a “gas fee.” A gas fee is an energy blockchain needed in order to verify and confirm your NFT. Once you upload your NFT to a marketplace, you can choose whether you wish to sell it for a fixed price or at an auction. Once the NFT is sold, the marketplace will carry on the transaction from you to a buyer, and cryptocurrency will be added to your wallet, minus the fees. >>>Visit the BEST NFT Marketplace<<< Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Why Is Community Important in the NFT World? As we already explained, NFT has value as a unique asset, and how much this asset will be valuable depends mostly on people who are interested in purchasing them. So if you are an artist who wants to sell your work as NFT, the value of that art will depend not only on the price you put but also on how much the community likes you and supports you. An NFT with a good community means people trust the project, want to support it, and be a part of it. Most communities are built through social media and Discord channels. It is a great way to keep in touch with the project and your investment while communicating with other people. Also, investing in NFTs with strong communities where everything is transparent infuses more trust in future investors. People can also learn more about NFT they are interested in and read other people’s experiences on these channels. Should You Invest in NFT? Many investors believe in the NFT market, and they invest a lot of money in it. Still, recognizing the value of one NFT goes beyond simple market predictions and prognosis. Like with real art, what gives it true value is its irreplaceable character and originality. When it comes to digital artwork and collections, the most important thing you need to look for is how big and strong the community is surrounding that project. Because in the end, what will give value to that project is the demand on the market. Nevertheless, NFTs have a great potential to be used in many industries.