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NFT The Fastest Way To Get Rich

Let’s find out whether selling an NFT is the fastest way to become rich?

From ancient times till now people have been running after money exploring and finding new ways to earn huge amounts of money. You must have heard a popular proverb, “Money is the solution to all problems”.

In today’s profit-seeking world, a business or a person is considered valueless without decent and regular earning capacity. Thus, everything is measured in terms of money. The more amount of bank balance you own the more you are considered richer.

Remember, the key element behind getting rich is the quantity of sweat you lose i.e., the amount of hard work and effort you provide from dawn till dusk.

So, there is no such guarantee like getting rich sooner until and unless you do something illegal. In order to earn in a proper way you should work hard and go out to be passionate about what you are doing. Not only in the field of NFT or in any other field, to get rich you must work for the highest achievement in your mind.

Non-Fungible Token System

Nowadays, people are very much confused about NFTs and the way in which they are operated. The genuine questions which arise regarding NFTs are who is creating it? Who is selling it? Why he or she is selling and why is the purchaser purchasing it on so much costly rates?

In NFT the alphabet “T” stands for referring to a token. This token certifies and validates a certain product. Note, NFT can be in any form such as JPEG, PNG, GIF, Video etc. Any digitally created thing can be a NFT.

Whenever you buy a NFT, the NFT does not change at all only the name and ownership of the purchaser get included so that others may come to know that a particular product is owned by this person. There are various specialized marketplaces for NFTs-

1.OpenSea

It is an American online NFT marketplace headquartered in New York City. This company was founded by Devin Finzer and Alex Atallah in 2017.

2.Rarible

It is an Ethereum based platform that enables the creation, sale and purchase of ownership rights to digital works of art via NFTs.

3.Nifty Gateway

It is a digital online auction platform for NFT art, founded by Duncan and Griffin Cock Foster and has been acquired by the Winklevoss twins.

4.SuperRare

It is a NFT platform that enables individuals to collect and sell digital art. Many digital artists make their work available on the platform for purchase.

5.NBA Top Shot

It is a well-known blockchain based platform that permits sports fans to purchase, sell and trade NFTs of NBA video highlights.

Want to know about how NFT and Cryptocurrency linked to each other then must read- Relationship Between NFT & Cryptocurrency

Is Selling A Non-Fungible Token The Fastest Way To Get Rich?

Now after reading the above passage, a question may suddenly pop up in your mind is it a profitable opportunity to sell an NFT?

According to my personal opinion, yes it is. Because the well-known “Pudgy Penguins” is a collection of 8,888 NFTs on the Ethereum blockchain.

This unique collection of penguins sold out on 23rd July 2021 in just 23 minutes, with users paying just 0.03 ETH to mint each Pudgy Penguin. The most costly collection was Pudgy Penguin #6873, which sold out for $4,69,000.

Provided the artwork is unique and has been created with great ideas and efforts.

Pudgy penguin

A particular NFT is valued, measured and weighed based on the efficiency of the artist. Hence, proving once more that the key element behind getting rich is, “The quantity of sweat you lose”.

Unique NFT art work

Final Thoughts

In the field of NFT via the NFT marketplace, you can become rich if you have enough good luck and ability. Effective NFT marketplace can enable you to kick start your career.

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