07 March,2022 12:55 PM IST | Mumbai | BrandMedia
Brandon Chin
The right investment pays well, and that's what Brandon has tried to explain in one of his explanatory videos on this topic.
NFTs (Non-fungible tokens) are the most happening thing in the digital space today. Since it gained popularity, many want to jump into this space and check out its workings. With time, it has gained enough reputation and brought about a revolution of trading around the digital sphere. However, there are certain strategies that work like wonders and helps one gain results, and that's what Brandon Chin explains through his informative videos on Bentoboi.
Before one jumps into knowing the strategies that spell victory, one needs to know how NFTs really work, and that too is explained in detail in one of the videos by Brandon. "NFTs as an investment are relatively safe and the levels of profits depend upon the longevity of the asset and luck too in many cases. But, overall, it is a good investment," says Brandon.
There are a wide range of NFT investment strategies that can reap good results. Here are a few specified by the NFT expert:
NFTs have become popular owing to their ability to trade digital artworks online. This innovative technology not only helps one trade digital art, but also secures its ownership in the blockchain network. Since they are available on a large scale, investing in them is a perfect choice for NFT investors.
This domain enjoys high volume trading owing to its ability to transfer ownership without any third party intervention. By converting the legal documents of the real estate platform into NFTs, secures the ownership of the asset which makes it a safe investment option as compared to a centralized version of investing in real estate.
These are trending in the digital space right now. The concept of play to earn has gained momentum of late, making investment in game NFTs the best option. The ability to earn while playing has become a popular domain in the blockchain sector as many new protocols are being introduced like staking, yield pooling, and much more.
"NFTs have opened up a plethora of opportunities for investors, and it's ability to convert one's work into revenue-generating assets is indeed it's plus point," concludes Brandon.
