I am new to the crypto world and still learning the basics to understand how it operates. A friend who is an artist introduced me to NFTs, which he said is similar to Bitcoin. I want to know how NFT drawings can be invested in Bitcoin, but first, I need to understand how to create NFTs that have crypto value. After discussing it with my friend, I searched for help online, but instead of understanding it, I am getting more confused about it.
Do NFTs have the same value as Bitcoin? I have read that investing in Bitcoin is a good business opportunity, especially for people in West Africa who may not have many job opportunities. One can be self-employed by trading and investing in the crypto market and assets, including NFTs.
Well the price of one bitcoin is at around 22.000 $ at the moment. I would guess that 99% of all NFT's out there are worth way less than that. A NFT does not automatically has the same value as one Bitcoin as they are completely different things. Bitcoin is a digital currency which is own blockchain and of course the first cryptocurrency to ever be created and therefore still the most popular and well known cryptocurrency out there.
A NFT is a piece of Art that is stored on the blockchain. Some of those NFT's are really valuable and worth even more than BTC at the moment but most of them are not worth that much. They are also pretty easy to create and mint.
Regarding making crypto trading to your job: I would be careful with that, because a lot of people are losing money doing that. Yes a few people got really rich that way, bust most people are not that lucky.