Tips to Choose the Best and Most Secure NFT Marketplace
The NFT craze is in high spirits since this new term sweeped the internet early last year. Since then, there has been a staggering spike in the NFT trading volume, amounting to over 21000% in a single year. Everyone has got their eyes on NFTs. From mega apparel companies like Nike and Adidas to nearly all of the top celebrities like Snoop Dogg, Eminem, Jimmy Fallon, Stephen Curry, and Madonna have jumped in on the bandwagon. Even investment gargantuan Mark Cuban is bullish on the NFT ecosystem and is the holder of BAYC NFT.
With popular social media platforms like Tik Tok already incorporating NFTs in their app and Instagram second in queue, it’s testament enough to depict the popularity of these digital assets. When everyone is getting their hands upon these rare and one-of-a-kind digital assets, why shouldn’t you? Therefore, this guide will help you with some of the top tips on choosing the best and the most secure NFT marketplace to kickstart your NFT journey.
What Are NFTs?
A non-fungible token (NFT) is a form of digital representation of physical assets that are tradable and verified on the blockchain. For example, a video game avatar, a piece of artwork, a master file of your music. Even tweets and popular memes have found their way on the blockchain and are minted as NFTs. Non-Fungible-Tokens (NFTs) directly affect the internet ecosystem’s economics, scalability, and stability.
Even if NFTs haven’t become mainstream (which is not the case), some highlights about the NFT ecosystem are worth considering; Read our detailed blog on our website
For more interesting updates on the latest NFT trends, follow bitsCrunch!
Originally published at https://bitscrunch.com on June 24, 2022.