Thread by @zignaly

(1/9) #NFTs have swept the market and consumers off their feet due to significant growth in their popularity. Let’s shine the spotlight on #NFTs once and for all! 🖼️✨🧵
Learn More 👇
medium.com/zignaly/llts13…

(2/9) ✨What are NFTs?✨
#NFTs are Non-fungible-tokens. These #tokens are unalterable, and cannot be replicated in any shape or form. They are a form of digital art that can be tokenized against real-time assets such as real estate. 🌐

(3/9) Exchanges that deal in #NFTs usually incorporate the use of #SOL, #Polygon and #ETH. #SOL is a blockchain platform that supports #dApps, and it has proved to be a fast-growing ecosystem. Let’s talk about trading #NFTs. 🟡💸

(4/9) Although the project’s intricacies may appear perplexing, the process is simple enough for individuals to learn. The best approach would be to create a Phantom wallet on the #Solana chain, which will serve as a doorway to #NFT services such as #OpenSea and #Rarible. 💳💼🌐

(5/9) Trading #NFTs on the same exchange where you trade your #crypto may be tricky; you would most likely need to join a marketplace for #NFTs because NFTs are part of a decentralized economy. Let’s look at the NFT essentials. 🛍️

(6/9) When buying or selling #NFTs, conduct a thorough research about the project’s Road Map. An avatar project is a collection of cartoon NFTs, displayed as portraits of avatars. There are many examples of an avatar project. 🔎🔬

(7/9) Create a Discord account as quickly as possible since it is an instant messaging platform and the go-to platform for discussing #NFTs. #NFT staking can be used as a strategy, as locking NFTs will make you profit from a #staking return. 👾

(8/9) An #NFT is added to a blockchain during the #minting process. Tokens are made once an asset is placed on the #blockchain and therefore, cannot be changed. 🍬🔥

(9/9) These #NFTs are not just a store of value but provide utility in real-time e.g. access to exclusive clubs, restaurants, etc. Then comes the #AlphaNFTs. These are the NFTs on which such information is unavailable and tend to be of higher value. Keep an eye out for them.📈💎