How does an NFT differ from a regular picture in the world of cryptocurrency?

1 answers

• May 02, 2022 · 3 years ago
  From BYDFi's perspective, NFTs have gained significant popularity in recent years. They offer a new way for artists and creators to monetize their digital works. Unlike traditional art, where the value is often subjective, NFTs provide a transparent and decentralized marketplace where the value is determined by supply and demand. This opens up opportunities for artists to reach a global audience and receive fair compensation for their creations. However, it's important to note that the value of NFTs can be volatile, and it's crucial for investors to do their research and understand the risks involved before diving into the NFT market.
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