How to make money in NFT ?
What are we going to talk about? I
- How do NFT work ? I
what is an NFT ? I
Which NFT to buy ? I
How do NFT work ? I
NFT stands for "non-fungible token". The adjective “ fungible ” is an economic term that refers to a good or an asset that can be exchanged for another good or another agent of the same valuation. A"non-fungible" item can not be exchanged for something of equalvalue.. A "non-fungible" item cannot be exchanged for something of equal value. Finally, the Larousse defines it as follows: "Said of things which are consumed by use and which can be replaced by things of the same nature, of the same quality and of the same quantity (for example foodstuffs, cash)
what is an NFT ? I
So an NFT is a digital file to which is attached a digital certificate of authenticity, making it unique and not interchangeable. By obtaining an NFT, a buyer becomes the exclusive owner of a digital asset: a painting, video, photograph, meme, video game item, film, etc. NFTs are above all a method, that of authenticity guaranteed by a certificate secured by blockchain (we give you a precise definition just below). The impacted market already amounts to $10 billion (this is an estimate) and it could find many use cases. An NFT guarantees exclusive ownership of a digital asset. An NFT can be bought at a certain price, but the fact that it is non-fungible allows its market value to fluctuate
Which NFT to buy ? I
What is scarce is precious in a world characterized by overabundance. Especially at a time when FOMO (Fear Of Missing Out) is a key part of the selling point. By playing on virality, on drop (a limited-edition product launch), and relying on NFTs, new players have found there a recipe for success that surfs on exclusive products, limited access (often on pre-registration), reduced time, powerful collaborations and gamified experiences. An NFT can also provide access to a kind of club, “NFT only”, thus forming communities of followers. Some artists then cultivate the link with their community of collectors through Discord servers
For example, Les Collectionneurs is a French-speaking group created in 2020, which is aimed at the curious, experts, artists, NFT and collection enthusiasts. Some actors / creators offer, to build loyalty, access to series for those who already have an NFT and who would like to start a collection. It is a type of systematic incentive that rewards the status of micro-influencer and thus transforms collectors into true ambassadors to their loved ones.
