What do you know about NFTs?

in LeoFinance4 years ago

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Non - Fungible Tokens (NFTs) came into limelight in 2015 when its first project was launched on ETH blockchain network, since then it has gain widespread popularity to the extent it has exceeded $2 billion in sales in its first quarter in 2021, exceeding its previous quarter 20 times which occurred last year.

The reason while many Cryptocurrency enthusiasts are gearing up towards NFT project, its due to its enormous use cases. It can be used for many transactions online, most notably accepting payments for digital items, paying for services online, and rewarding freelancers etc. Their are plenty to be mentioned around enormous use cases of NFTs, that's why entrepreneurs are after it.

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This days we can see many projects centering around NFTs, rewarding both project creators and investors or users. Some video game NFT developers are simply rewarding gamers through NFT for their engagement around the video game they downloaded or bought to have fun. I've made quite some reasonable amount of NFTs through playing of android games. I also receive NFT reward simply streaming games online, playing online multiplayer games and through other collectibles. Those options have made me quite reasonable amount in NFTs, I'm still gearing up towards racking more of NFTs by creating podcasts through voice over, accepting NFT as payment method for it.

Their are many ways to earn NFTs reward, it depends on the one each user wants to get into. NFT can be achieved through donations via charitable site we created, through mobile or console video games development, video streaming, selling of ebooks, writing etc.

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I know that most of the NFTs are unreasonably expensive.
At least nowadays.
Other than Splinterlands cards, I intentionally avoid NFTs.

I understand that most of them are simply expensive and volatile too, that's why we need to be careful dealing with any NFT card investment.