Discover NFTs today
NFTPORTAL is your NFT guide. Seize the opportunity and discover NFTs and its potential today, the opportunities you can take advantage of and how it will affect your everyday life in the near future.
What are NFTs?
NFT is a rapidly growing technology that allows you to own a piece of the internet. With built-in features that prove ownership, authenticity and provenance, NFTs lay the foundation for the future of digital ownership.
Buy NFT
To buy an NFT, you need a crypto wallet that contains cryptocurrency. We guide you through how to safely set up a crypto wallet and buy an NFT on Ethereum.
How are NFTs used?
NFTs democratize ownership on the internet by enabling anyone worldwide to own, store, create, and trade verifiably authentic digital assets via the blockchain, 24/7.
Apes! What's the deal?
Bored Ape Yacht Club has established itself as one of the most well-known NFT collections by establishing utility for the NFT Apes.
Yuga Labs, the founders of Bored Ape Yacht Club, have successfully built an engaged community around the NFT Apes since launching in April 2021. Owners of Bored Ape NFTs receives exclusive access to membership benefits and have received additional NFTs and tokens over time.
Justin Bieber, Eminem, Neymar, Serena Williams, Timbaland and Jimmy Fallon are a few well-known people who have bought a Bored Ape, which has contributed to spark interest in mainstream media.
NFTs connection to blockchains and cryptocurrency
NFTs exist on blockchains such as Ethereum, Tezos and Solana. Just like you use dollars, you use cryptocurrency when you trade NFTs. Today, the majority of the NFT activity occurs on the Ethereum blockchain where the cryptocurrency, ether (ETH), is used for trading. ETH is the most used cryptocurrency for trading with NFTs.
NFTs as investment
In an open market, objects are valued according to what someone is willing to pay. In the same way that the price of an airline ticket increases when many people want to book the same trip, individual NFTs can become desirable by many people around the world, which increases its value.
In addition, the value of an NFT is considered to be directly proportional to its distribution; how it is used, how it is marketed, how other things are created around it. As all NFTs are unique, the value of an NFT can quickly go up and down based on distribution and people's shifting preferences.
The value of an NFT can broadly be based on three variables:
1) subjective preference; 2) utility; 3) provenance.
Quotes on NFTs
“However bullish you are on NFTs, you are wrong. You are insufficiently bullish.” – Punk6529
"In the (near) future, every person will have a parallel digital identity. Avatars, crypto wallets, digital goods will be the norm. Are you planning for this?” – Reese Witherspoon
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