8 Things To Look For When Buying An NFT

NFTs (aka Non-Fungible Tokens) have taken the crypto world by storm over the last year. Most importantly though, is the fact that they are rapidly moving into the mainstream world.

8 Important Points To Consider Before Buying Your First NFT

1. Utility

The first and most crucial question to ask is, “What is the purpose of this NFT?” The answer will usually fall into one of the following categories: Art  Metaverse  Gaming  Event/Entry Tickets Music And Media Trading Cards/Collectibles

2. Artist And Team Behind The NFT

Do some research into the artist or team who created it. What is their track record? If they have had previous successful projects, or are highly coveted in the space, then their next collection will usually attract the same attention.

3. Platform And Token 

You can buy NFTs on a whole host of different platforms, whether Opensea, Solsea, Super Rare, Binance NFT, etc.

This is one area that is often overlooked. NFTs look like art, but they are still just digital tokens like cryptocurrencies. By diving into the token’s metric, you can better understand its value and ecosystem.

4. Metrics

A simple point, but one that has caught people out. You need to verify that the NFT you are buying is, in fact, part of the collection. Sometimes some copycats mimic real collections and dupe people into buying them cheaply. 

5. Authenticity

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