What are NFTs and how do they benefit the investors?
Making the right choice for investment in today’s world could be a struggle due to the market being flooded with numerous investment options. Every investment sector differs with varying profit earning opportunities depending on diverse factors. NFTs are one of the most popular and rapidly growing parts of the finance industry, offering the opportunity to invest and earn with profit.
NFTs being non-fungible cannot be replaced or exchanged with other assets despite having equivalent values. The uniqueness and rarity of these tokens make them desirable and valuable in the market. NFTs are the representation of unique assets, for example, art, video, image, and many others. Their ownership rights are stored securely on blockchain technology.
Let’s discuss the benefits of owning the NFTs:
The ownership rights of an NFT can be transferred to only one person, therefore, others cannot claim the ownership or copyright over the tokenized asset unless the owner decides to sell it to someone else.
The unique nature of the NFT is one of its essential features that make them valuable. There is no possibility that another NFT with the same properties can exist in the market for sale and that’s what helps NFTs to gain more value over time. Their unique nature makes them perfect to be an option for collectibles.
The data once stored on blockchain technology is extremely hard to be erased, reversed or altered. Thus, the ownership of the asset recorded on blockchain technology is highly secured and nobody can steal the rights from the owner.
A creator willing to sell his NFT can sell it directly to a buyer without including a middleman in the entire process. This makes the process faster, easier, and economical.
If you are among those who want to avail this opportunity to invest in NFTs and gain enormous benefits out of it, you can begin your investment journey by registering yourself with Novuszilla.
Novuszilla is India’s 1st NFT Marketplace offering the chance to buy exclusive NFTs being dropped by famous personalities. They have joined hands with several biggest artists to deliver the users a platform to connect with their favorite artists.