Non-Fungible-Tokens (NFTs) are unique digital tokens that represent ownership. NFTs can be applied to Art, Music and even physical items like deeds. Read my NFT explainer if you’re new to the scene.
The exciting thing about NFTs is that it is not just for collectors – it’s also for investors and traders. With traceable ownership and easy access to trusted platforms, many people are now jumping on the bandwagon and making profits from NFTs.
Artists are creating and selling NFTs, while non-creators are flipping NFTs to make attractive returns in a short period of time.
A rise in NFT demand
There was a surge of activity on OpenSea, the first and largest peer-peer marketplace for digital collectibles.
Despite a having slow start in 2021, OpenSeas’ past 30-day volume has surpassed USD 2.5B, with a total of 2.45M transactions, according to DappRadar.
OpenSea activity spike in mid-2021...