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.
As a newbie in the forum, I have read other articles about Bitcoin, but I still need a good guideline on the crypto world, Bitcoin, and NFTs.
BITCOIN and Cryptocurrency are the same package but...
NFTs (Non-Fungible Tokens) are digital assets that represent ownership of unique items, such as artwork, music, or collectibles. They are stored on a blockchain, which is a decentralized public ledger that records transactions and ownership information.
If you believe that a particular NFT drawing has significant value and potential for appreciation, you can purchase it with cryptocurrency or fiat currency and hold onto it in hopes of selling it at a profit in the future. However, investing in NFTs can be risky, as the market is still relatively new and volatile.