The world has evolved significantly enough and we are now accustomed to several things that we once considered unnecessary. Little did we know a new wave was going to hit us as well. NFTs which are also known as Non-fungible tokens are commonly used all over the world now for different reasons but what actually are they? How did something that is so heavily based on digitality considered an incredible asset that people are paying top dollar for? Well, there surely is more than what meets the eye. So that is exactly what we are going to dive right into today.
NFTs are a new approach to an old existence
NFTs are basically collectibles that are sold or purchased or even traded on NFT marketplaces. These NFTs are based on the blockchain, which is an extremely secure and encrypted medium that not only allows the NFTs to be these exclusive as there are only 1 of 1. The cost of an NFT is directly affected by how scarce and rare it is. The rarer it is, the more the value of that particular NFT. There are several NFT earning platforms that help you make money through various means. While some might involve you playing games, others might also require you to make a trade with your NFTs.
Conclusion
NFT are here to stay whether you like it or not. They have already become an integral part of the ecosystem that it is close to impossible to get them out. These Cricket NFTs basically allow you to make money by even just playing games. So why would something so diverse, universal, and exclusive cease to exist? Even more so, with the metaverse growing and the Web3 that is becoming more and more prominent, NFTs are bound to be more valuable than what they already are and if not even more. The difference in the value of an NFT will soon become significant enough with the development of the world.
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