Doubts on Crypto & NFT

thecryptocoders said:

1 - NFT - as you have googled and seen the video let me add my point. A Token / Thing that own by one person NFT
2 - NFT have future scope for sure. all celebrities, gaming clubs and others are launching NFTs.
3 - Yes you and anyone can start the NFT but point is how you you going to create buzz in public about your NFT idea.
4 - Its all about supply and demand game. everything which have high demand and one only one supply can be sold to billions. its all about how many rich mans are fighting for that particular NFT .
5 - All who participate the race don't win.
6 - Solana is one of blockchain ecosystem to develop NFT Platform
7 - Web 3.0 / Blockchain is future

Click to expand...

blackbeans said:

It's easy to boost the price of an NFT by buying from yourself using many different wallet addresses

Since the whole marketplace is unregulated, who knows what is real

One thing's for sure though-the NFT market will shake out weaker models once the crypto market hits another 2 to 3 year BEAR period

Click to expand...

Lisa M said:

​

NFT Art Isn’t Stored on the Blockchain​

With all the money being paid for NFTs, it might come as a surprise to learn that the artworks represented by NFTs aren’t stored on the blockchain themselves. Instead, NFTs simply contain a link that points to a digital art file (photo or video) hosted on a conventional web server.

https://www.howtogeek.com/782724/when-you-buy-nft-art-youre-buying-a-link-to-a-file/
I finally understood when I read this article.

Click to expand...

iamaanoob said:

Hello BHW Members,
I recently worked as a moderator for a Discord NFT Server. After completing work for 30 days, I have a lot of questions. I just thought to have a discussion with you all.
My questions/concerns are:
1. What exactly this NFT is? (Watched some YouTube videos, but I really didn't understand)
2. Does NFT has good growth in the future or it is just booming now?
3. Can I start my own NFT?
4. How do people earn millions by using NFT?
5. All NFTs are getting success or they are just displaying like that?
6. What exactly does this salona does?
7. Lot more................

If you have any YouTube videos, which will help this noob(no idea on these), to understand more about these.

Thank you in advance

Click to expand...