NFT is a digital asset that represents a work of art. The popularity of this asset is effortless to explain. Each token is unique and not like any other. Even though the NFT is based on the blockchain, it cannot be replaced by another coin. It is a unique phenomenon that is of interest to all investors.

And if everything is more or less clear with the question of how to buy crypto, then NFT is still puzzling. Let’s figure out where you can purchase tokens and how to do it right.

A Brief Overview of the Most Popular Platforms

You can’t just pick up and buy NFT. There are unique crypto markets for trading tokens where users can buy, sell or store assets.

The trading platform can be of two types:

• open;
• closed.

In the first case, all token creators have access to the platform. That is, any creator can put up NFTs for sale. Access to the fast service has a limited number of people. Usually, marketplace developers give access.

Most often, an open platform does not have one owner. There is a group of people who manages all actions. Closed marketplaces are owned by people who publish their work there.

On free platforms, users can publish all their creations. Thematic platforms only accept certain types or genres of work. There are also services where owners determine which NFTs can be posted.

In addition to marketplaces, there are auctions. The creator can list their NFT, and the buyers will determine the amount. It is worth noting that the auction can be both for a decrease and a price increase. In addition, there are auctions where tokens are put up for resale.

Instructions on How to Buy NFT

NFT and investing in crypto are very close. It is not surprising because tokens are created based on the blockchain. Most frequently, Ethereum is used to buy NFTs. Therefore, before acquiring assets, you need to purchase cryptocurrency. You can also use a credit card, but this is very rare.

The first thing to do to buy NFTs is to create a cryptocurrency wallet. It is he who will store the keys to all assets after the completion of the transaction. It is best to use a particular financial product to store your cryptocurrency.

Then, everything is simple. You must select a marketplace to buy and log in to the service. After that, you need to connect the wallet to the trading platform and choose the asset you want to buy. After confirmation, you must transfer coins and receive a digital token in your wallet.

It is worth knowing that buying an NFT does not equal ownership. You will receive a token ID that you can use. You can print it if you buy a physical piece of art, such as a graphic. But ownership remains with the artist.

How to Make Money on NFT Today

Before you buy assets, you should figure out how to make money on them. Undoubtedly, long-term investment in creative projects is a good decision. But it would help if you waited until the NFT becomes popular enough to sell it for more.

You can also pledge a token to keep the blockchain running. Or you can invest in a project to receive income from the development and sale of NFTs.

If you bought an NFT game item, you should use it often to level your character. Also, you can purchase virtual lands to rent them out to players. Artistic works can be printed and decorated on the apartment’s walls, which will increase the cost of the rent.

The creators increase the popularity of NFTs with drops. They transfer small elements of tokens to get the attention of other users. It is a great way to make money on NFTs.

The NFT field is developing very quickly. Accordingly, the recognition of the project increases. Therefore, creative tokens are a great investment option.

Finally

NFT is a young field that is very attractive to users. It is an excellent option for artists to monetize their work. Investors can invest in a project to make a profit or become the owner of a unique asset. Before buying a token, it is essential to weigh all the benefits and soberly assess the risks carefully.