It is not a secret that given the fact that NFTs are growing in popularity, there has been an increase in the number of investments made in this field. In the beginning, the market was fairly small and mostly consisted of gamers who invested in virtual items. However, with time, more and more investors have been entering this space and there are already efforts to merge NFTs with traditional investments.
NFTs within NFT gaming represents a new type of asset class that is different from traditional assets because they do not have a central owner. Users can buy or sell a token whenever they want to without restrictions on the volume or size of the transaction. This is one of many reasons why many people see the potential for investment opportunities within these digital assets.
In the past, an asset’s value was typically derived from its ownership of something physical, tangible, and finite. This has changed. Today, our digital world has created a plethora of digital assets that have a value that goes far beyond their physical counterpart. These digital assets are called non-fungible tokens or NFTs for short.
The simplest way to understand the concept behind NFT gaming and NFTs within the games is to think of them as tradable game items with unique variables, just like Pokémon cards. Now you may be wondering why the word “non-fungible” is used to describe these tokens? It means that these tokens are not interchangeable but instead, each token is unique and they all vary in different ways depending on their characteristics and features.
The Investment Potential of Non-Fungible Tokens
The cryptocurrency market is always on the rise. As per Fortune Business Insights, The global cryptocurrency market is projected to grow from $910.3 million in 2021 to $1,902.5 million in 2028 at a CAGR of 11.1% in the forecast period, 2021-2028. The market for digital coins has generated some very high returns, and it’s not slowing down.
The primary factor behind the market’s growth is the growth of distributed ledger technology and rising digital investments in venture capital. Developing countries have started using digital currencies as a financial exchange medium. The advancement and adaptation of blockchain technology are also a big reason behind the growth and popularity of digital currencies.
The Benefits of playing NFT games and Owning an NFT
Investing in cryptocurrency can be risky, but there are some ways to minimize risk. Owning an NFT provides the owner with a non-traceable piece of digital artwork that infers ownership of that work. From cartoon tapes to video clips, sales of NFTs climbed $25 billion in 2021 as the crypto asset exploded in popularity, a market tracker data revealed. However, what skyrocketed the most especially in terms of returns is NFTs linked to NFT games since these games provided owners and players an opportunity to not just own and trade NFTs but also earn by playing the games. Even the world’s top brands like Coca-Cola and Gucci have also created and sold their own NFTs.
An NFT can also guarantee that their investment will always be unique and they will be the only one on the planet with this particular asset. It’s something that can never be copied or stolen because it belongs to them and them only. Today, most NFTs are part of the Ethereum blockchain, which supports the cryptocurrency named Ethereum. The NFTs are differentiated from the cryptocurrency because their identification codes reflect additional information, including metadata that describes the digitized asset.
The blockchain technology behind NFTs is very safe, making it a very safe and transparent investment. All NFTs have unique records of authenticity and chain-of-ownership on the blockchain that they are stored on, which prevents them from being subject to mishandling and theft.
Best time to buy NFTs – During PreSales and Public Mints
The best time to invest in and buy NFTs is during pre-sales so that you as an investor get a chance of making maximum profits post the minting process. The main benefit of minting NFTs for investors is that they are able to buy into a collection at the earliest possible opportunity. This way they stand the best chance of making a profit if the NFT collection value goes high once it’s opened for the public, or traded on the secondary marketplaces.
The biggest moneymaker in the NFT world these days is a whitelist spot which means investors get access to the presale which takes place either a few days or several hours before the main public sale. Presale mint prices are often lower than those in a public sale. Hence, NFT investors are always on the lookout for such pre-sales.
Continuing our tradition of always riding with the current and new, providing our members with futuristic training and solutions, February 1st, 2022 saw the launch of our NFT game CRYPTOLAND for the iX community and the opportunity to be early investors in the game NFTs during presales. iX global has also launched a weekly Masterclass with Crypto Multi-Millionaire, Corey Chadwick, and our CEO Joe Martinez.
Corey Chadwick is a Crypto Multi-millionaire, an early investor in the bitcoin revolution, and a Crypto Coach. iX global joined hands with Corey to bring NFT and Crypto education to the iX community and collaborated to create the NFT game CRYPTOLAND to keep its promise of LEARN and EARN.
Connect with us to know more, if you are keen on leveraging the revolutionary impact and financial benefits of NFTs and Cryptocurrencies.