English | June 11, 2022 | ISBN: 3910355013 | 135 pages | EPUB | 1.61 Mb
If you want to confidently navigate the NFT world and continuously gain positive returns on your NFT investments, keep reading.
According to market research firm Statista, the entire NFT market has grown 200-fold in the last year, reaching $13.9B in 2021. The substantial increase in invested dollars suggests that NFTs have become a separate asset category.
Does this mean anyone can get rich in this market? While the number of NFT investors has grown, the group of people accounting for the lion’s share of the profits is relatively small. 5% of the NFT investors rake in 80 percent of the overall profits, according to blockchain data platform Chainanalysis. Substantial potential for profits awaits a well-informed investor.
In April 2022, owners of Bored Ape Yacht Club NFTs lost hundreds of thousands of dollars after a social media account of the project was hacked. The assets were gone when the owners signed fraudulent transactions with their wallets within a split second. This shows that a lack of understanding of the underlying technology could lead to substantial losses.
With this book, you can get a head start in the NFT world based on a solid understanding and knowing exactly what you are doing, even if you are not a techie.
Inside this book, you will discover
What NFTs really are: No, they are NOT the colorful pictures you see on the internet
How the NFT technology works behind the scene: Must-have knowledge that helps you to avoid scams and secure your assets
Where NFTs are stored: Imagine your NFTs vanish overnight,and no, they have not been stolen
Checklist of critical questions for each NFT category to ask yourself before investing
Steps to create your own NFTs
Practical methods you can follow to become a successful NFT investor
Profitable Ideas for making money beyond buying and selling NFTs: There are many other ways besides trading!
All the topics are broken down into easy-to-understand and implement bites. Change your life by generating additional income and discovering your financial freedom through NFTs!
Now is the perfect time to start building your NFT portfolio!