New in the NFT world? Interested in making your first purchase? If so, make sure you don’t miss out on the four most important things to consider before buying NFT for yourself.
Recently, Non-fungible Token (NFT) assets in the hype, especially after a 22-year-old boy from Jepara named Ghozali managed to sell his selfie photos on NFT as part of Ghozali Everyday.
Now, people take this opportunity, not only to make their own NFTs, but also to buy rare and valuable NFTs that can later generate profits. There are the things that you should know about!
1. Research NFT Assets That Are Really Valuable
After knowing what NFT is and how to use it for personal gain, now is the time for you to find out which NFT assets are worth buying and able to generate big cash.
Reported by Binance, there are 6 basic indicators that you can apply to find out whether the NFT asset you want to buy is valuable or not. The more fulfilled all the indicators, the more valuable the asset and capable of high value.
a. Use Value
NFT will be more valuable if it has a utility. For example in the game Axie Infinity , NFT assets are available in the form of exclusive monsters/heroes that can be used to fight and get bigger profits.
The rarer the NFT assets traded, the more valuable and expensive they are. This fits perfectly with the basic economic theory of the nature of scarce goods. Moreover, these NFT assets usually have special characteristics that will not be found in other assets.
c. Community Size
NFT assets that have large, long-term community support can cost more, given the existence of NFT-related projects. This can increase both attractiveness and demand over time, making NFT assets appear more scarce.
d. The Origin of NFT Assets
Prospective buyers must pay attention to the origin of NFT assets, starting from who the creator is, what and how the works. If the creator is a well-known artist, then the NFT assets you buy will be more valuable and expensive over time.
e. Personal Taste
Subjectivity and individual preferences play a role in determining the value of the NFT. There is always the possibility that users simply like NFT for a number of reasons, for example outward appearance and aesthetics, personal connection, relevance of NFT applications, or connection with a related project.
2. Use NFT Tools Before Buying NFT
One of the things that prospective buyers must do when looking at NFT assets is to analyze using NFT rarity tools. This tool is very important to determine the value and ranking of the assets that we want to buy.
Not only that, NFT tools are also very important to check whether NFT assets are scarce or not, considering the rarer the assets, the more expensive the price, both now and in the future.
Here Jaka has presented some examples of NFT rarity tools that can be used to choose the right NFT. Some of them are free, you know!
- Rarity.tools : Has an easy-to-use interface. Not only that, this site is able to provide a rarity score for the assets you want to buy.
- OpenSea : Not only selling NFT assets via OpenSea, this largest marketplace site also helps potential buyers to see which NFT assets are the most valuable.
- Nansen : Nansen’s website is the mainstay for potential overseas buyers when they want to buy NFT assets considering the complete details of the analysis.
- NFT Bank : NFT Bank presents a ranking list of NFT assets that are rare and have the potential to generate cash in a short time. Recommended by middle class investors.
- Icy.tools : Want free NFT rarity tools? Just use Icy.tools! With its simple and easy-to-understand interface, you can find your most valuable assets here.
3. Discuss with an NFT Expert
One of the mandatory things you do is discuss with experts who have previously entered the NFT world, including the most popular is NFT Art assets.
The easiest way to find them is to join the community of NFT gamers or NFT activists on Discord. Not infrequently, they also open discussion groups on other social media sites such as WhatsApp and Telegram.
Most importantly, you must use the NFT principles that ApkVenue has presented above so you don’t get the wrong target and buy the right assets.
4. Buying NFT That Are Popular
Similarly, if you are trying to make and sell NFT yourself, you must invest your income wisely to buy a popular and trusted NFT.
These assets are usually only sold in well-known and large marketplaces, for example OpenSea, Rarible, SuperRare, to Nifty Gateway.
For the record, you must have an active crypto wallet account.
Tips Before Buying NFT Conclusion
Those are the tips for buying NFT. Make sure you pay attention to the steps that Jaka gave above in order to get the maximum benefit.