With the advent of 2021, investments in digital assets have become a trend now. NFTs have proven to be a fascinating phenomenon. However, some believe that NFT is just a GIF of an ape or an avatar of a golden vest. But they mean to have many applications apart from digital art.
For those who don’t have a clear idea of what NFTs are- they are a unit of metadata that is stored on a digital ledger, thus Blockchain technology, and due to this they are immutable. NFTs have revolutionized many investment opportunities through the time being, but first, let’s find out why should we invest in them?
1 Uniqueness
NFTs are rare and that is the thing that makes them unique. As they can only have one owner and they cant be forged into another makes it easy for investors to invest in them. For instance, majorly each artist or seller will have less quantity of NFTs which makes it a valuable product and will also have a better chance of holding its value.
2 Security
For many investors, security and safety in any investment opportunity are of major concern. However, in the case of NFTs, security is one o the important feature they offer because they are being stored on a digital ledger called Blockchain Technology. And the way in which Blockchain works, one doesn’t have to worry about their data being sacrificed.
3 Ability To Resell
NFTs are scarce, and due to this people are investing and reselling NFTs. Owning to a rarity of a collectible, one can automatically generate a huge profit out of it. If investors can make a smart investment into NFTs, they can make impressive profits out of them.
4 Earn Royalties
NFT royalties is an amazing concept to earn passive income. The feature is also available while minting an NFT on Opensea. Royalties are a percentage set by the minter, the standard percentage is 5–10%. Whenever the minted NFT is sold on the marketplace, the original minter receives royalties on their wallet address.
Final Thoughts
NFTs is a great investment opportunity in the Defi sector yet. For those who want to start fresh and unique and have the ability to make the right decisions, then their chances of generating amazing yields with NFTs are high.
About Deefy
Deefy is a decentralized protocol that enables financial utilities on NFTs such as Renting, Lending, and Pay Later.
Deefy’s Vision
Deefy’s vision is to create a revolutionary shift by introducing a truly decentralized ecosystem and creator-centric financial instrument for creators, influencers, Gen Z & micro-financiers.
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