How to invest in NFTs?

#nft #blockchain #devops

If you’re interested in investing in NFT crypto, first you need to understand the investment process before diving into the market.

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A non-fungible token(NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold or traded. NFTs can represent real world items like artwork and real estate.

Step 1: Buy crypto for NFTs on eTORO

To facilitate your NFT investment, we recommend using eTORO to purchase the crypto. This platform offers all of the leading NFT related cryptos as tradable assets, including ETH, SOL, ALGO and more.

Step 2: Transfer crypto to crypto wallet

Next you need to set up a crypto wallet. There are numerous you can use. Also it’s important to open a wallet that supports the blockchain network of the NFT that you wish to purchase. Once you open your crypto wallet, you can transfer your crypto holdings from eTORO into the wallet.

Step 3: Create an account with NFT Marketplace

The next step is to create an NFT marketplace account. Our recommended marketplace is crypto.com. It has minimal trading fees and also it’s quite safe to use.

Step 4: Verify account

You can now verify your NFT marketplace account in one of two ways:

● If you already have a Crypto.com account, you can click ‘Connect to App’ in your settings menu to link the two accounts together and complete verification.
● If you don’t have a Crypto.com account, you can verify via SMS. Enter your mobile number in the settings menu and then enter the security code that will be sent via SMS to verify your account.

Step 5: Buy NFTs

The final step is to make your NFT investment. You can browse the crypto.com NFt marketplace and click on any listed NFT you wish to purchase. NFTs will be listed for auction or a fixed price, and you can make purchases using the crypto holdings in your wallet via the crypto.com pay feature. Once the purchase is done, your NFT will be placed in the ‘collectibles’ section of your account, where you can view it or send it to an external crypto wallet.

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Although investing in NFTs will provide clear exposure to a specific asset’s value, you may wish to gain exposure to the growth of the widden NFT sector. A good way of doing this by investing in NFT companies.