How to Buy and Sell NFTs For Making Huge Profits?

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How to Buy and Sell NFTs For Making Huge Profits?

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NFTs are so hot right now but theycan be a little bit confusing. So I want to do my part here and show step bystep me buying an NFT and listing my very own NFTs for sale online at NFT Marketplace. So by the end of this video you should feel like in nft. Sowe're going to start with the basics of what an nft is what they do and whypeople are buying them. And then we'll dive into the step by steps right afterthat and hey you know some nfts are selling for tens of thousands of dollars. – PowerPoint PPT presentation

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Title: How to Buy and Sell NFTs For Making Huge Profits?


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How to Buy and Sell NFTs For Making Huge Profits?
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  • NFTs are so hot right now but they can be a
    little bit confusing. So I want to do my part
    here and show step by step me buying an nft and
    listing my very own nfts for sale online at NFT
    Marketplace. So by the end of this video you
    should feel like in nft. So we're going to start
    with the basics of what an nft is what they do
    and why people are buying them. And then we'll
    dive into the step by steps right after that and
    hey you know some nfts are selling for tens of
    thousands of dollars.
  • So maybe you'll watch this you'll understand
    what's going on and you'll be the next big nft
    millionaire that'd be pretty cool. First off what
    is an nft this stands for a non-fungible token
    but what exactly does that mean fungible means
    the ability of a good or an asset to be
    interchangeable with another individual good or
    asset of the same type.

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  • So an asset that is Most Popular NFT Marketplace
    is the best kind of asset to use in commerce the
    prime example of a fungible asset. If someone
    gave you a 100 bill and you gave them back 520s
    no one loses no one gains anything because cash
    is fungible the same thing would be true. If you
    gave me an ounce of gold and I gave you back a
    different ounce of gold. They're both worth the
    same they are interchangeable for one another.
    Now an on-fungible asset is one that cannot be
    substituted identically for another asset so if
    me and you were to trade cars even.
  • If the car was the same model in year it would
    not be fungible because one of us could have a
    manufacturer defect or may be yours rides a
    little bit better but the gas in your car that
    would be fungible because it's interchangeable
    other more traditional. Non-fungible assets
    include real estate art work and now encrypted
    digital token.

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  • NFT Music Marketplace now the word token in the
    case of non-fungible tokens refers to a digital
    certificate stored on a block chain in the exact
    same way that your favorite crypto currency is
    stored on a public ledger. So an nft is a digital
    asset that can't be substituted for any other
    digital asset and it's publicly verifiable. Now
    you might be thinking why would I pay 100 or
    1million dollars for something that I could
    literally just screenshot and have for free in my
    phone and that's a great question.
  • It really comes down to the verifiable ownership
    collections and social status so just like most
    expensive things. They're generally purchased in
    some way as a status symbol and then as
    everything are turning more and more to the
    online world. It's just a natural extension for
    people to want status in this world that they
    live in the digital world where we spend most of
    our time frankly.
  • Reference URL How to Buy and Sell NFTs For
    Making Huge Profits?

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Thanks for Watch
  • LEXIT NFT Marketplace

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States - 85001 Contact Us contact_at_lexit.com
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