Good day guys,this might or might not be the right place to post this,but as an enthusiast of crypto,and a newbie here too,I think I might just find some sot of knowledge here on NFT.first my knowledge of bitcoin is minimal thou,but am highly interested on how nft works..over the last couple of months,I have read people selling their work of art,some pieces and making bulk of money,iven snoop dog cashed out on NFt recently..so if any have a good idea of how this works should enlighten me please.
First of all, I'd say a very big welcome to the forum for joining us here.
Nfts are simply piece of commodities that has more or less value like crypto and depreciates over time depending on the schedule of demand or the availability of that particular piece of art. It's very interesting to invest in it but you shouldn't expect any immediate profits accumulation as it sometimes takes a long period for this art piece to either appreciate (if already depreciated) or to find someone who could patronize on a good profits scale; most client might even go as far as bargaining the same price it was bought or even lower and when this happens, it becomes a loss. Snoop dog might make a hug profit because maybe he sold a rare commodity that has its price tag at its peak and are sometimes not negotiable.!