Why Nft? Nft here, Nft there. What's all this hype about. I first heard of NFTs during late of the year 2021 with the sale boom of some of the popular projects that period. Nfts like cryptopunks, bored apes really caught my attention.
I began to wonder what all this was all about and since then I haven't stopped my research about nfts and crypto at large. Most of this projects are based on the etherium platform making the cost of minting high in some markets.
And this is one of factors that do discourage me from entering the nft space. Am an artist. A student architect and fashion designer and I know perspectives that I can divulge into NFTs to make money but the startup cost and competition out there can be a hindrance.
Earning a living from nfts can quite be respectable but the issues associated with it can delay that. Remember sale of Jack Dorsey's first tweet that sold as an Nft for a whooping price but the new owner who tried selling it higher the amount proved abortive.
That brought my attention to flipping of NFTs. It's a very cool business whereby you buy at maybe a price of 1eth and you sell for 1.5 eth when the value rises. It may worth it but sometimes it doesn't work out for some projects.
The fact is that nfts can aid in business expansion and all that but is there a place for low startup like us. Is there room for us.
Some of this things do come up within me as I plan my first step into this area of crypto.
One of my next posts will express the area am going in nfts. So be ready for it. Am your humble creator Nuelf.