You may have heard stories about NFTs selling for extraordinary amounts of money, or perhaps that the metaverse is expanding to include other kinds of immaterial objects.
And with the popularity and profitability of these tokens growing day by day, you may be wondering – what is the importance of NFTs? Why do people buy NFTs?
If so, you’re in the right place. Keep reading as we share below the 8 most important reasons you should buy NFTs today.
1. NFTS Democratize the Metaverse
Meaning, anyone can invest in an NFT. The traditional art buying world comes with lengthy processes, networks, and technical know-how. It is thus not an option for the regular consumer.
With NFTs, on the other hand, all you need is a willingness to learn the process. Once you have ownership over a token, you can quickly transfer it to anyone, anywhere in the world.
2. Your Purchase Will Remain Secure
Security is one of the most significant benefits to those who collect NFTs. Ownership remains secured by blockchain technology, which means that assets remain safe from fraud or malpractice.
In addition, it is improbable that your wallet will get hacked into or (digitally) stolen. Thus, you can rest assured that your purchase is protected and secure. This is extremely important as NFT transactions can be costly and difficult to quantify as they are digital.
3. NFTS Are a Unique Item
You may be wondering how do NFTs work. Well, an essential part of NFT creation is that they cannot be modified or erased once they are uploaded on the blockchain.
This means that when you buy an NFT, you have an assurance that they are difficult to copy. You will thus be the sole possessor of your asset and the owner of a one-of-a-kind token.
This unique quality is highly compelling, as it means your assets may be limited edition or rare. This, of course, comes in handy if you decide to sell down the line, as consumers will be willing to pay more!
4. NFTS Have Inherent Value
Because of the unique quality of NFTs, they also have a high value. When you buy a token on an NFT marketplace, you’re assured that the item has an inherent value of some sort.
You will be able to sell your NFT in time, with the value likely increasing. Experts also say this is expected to maintain, as NFTs are here to stay. The NFT market is more significant than ever, with pieces selling for up to $91.8 million.
5. You’re Part of a Community
The great thing about NFTs is that they offer a way to find your community. Why?
Each NFT represents a community with a common goal or purpose. For example, NFTs minted by a specific club aim to raise awareness about an issue, or buying a general interest NFT unites buyers interested in the same thing.
In addition, some NFT marketplaces like Sandstorm also offer opportunities for learning through virtual seminars and events. This is a great place to meet like-minded individuals who share the same interests.
You’ll also be able to learn more about current trends in the field and discover other communities that may be of interest to you.
6. NFTS Offer Exclusive Services and Content
NFT minters will often offer exclusive content or services with the purchase of an NFT. This is to add value and build a community of loyal supporters.
By buying an NFT, you may have access to exclusive events, ticket giveaways, or knowing that a portion of your purchase will go towards a charity!
Thus, you’re getting a better bang for your buck with your purchase. This is a very compelling reason to invest in NFTs, as you may unlock offers that will be of actual value to you.
7. You’ll Have More Liquidity
Tokenized assets allow investors more liquidity if needed. You can sell your NFT anytime you want in order to liquidize your purchase.
But another way NFT collectors have liquidity benefits is when they rent out their assets for use while still maintaining ownership. This could be for the temporary use of artwork or even virtual land.
8. NFTS Offer Great Growth Potential
This is likely one of the biggest points of importance of NFTs. They offer tremendous potential for growth and development.
The NFT sector is booming, with numerous marketplaces opening up and more tokens entering the metaverse.
Regular investors are also starting to understand the benefits of investing in NFTs, which has driven up sales. By investing in NFTs today, you’re getting in early on what could be a goldmine of an opportunity!
It Has Never Been a Better Time to Buy NFTs
Sold on the benefits of NFTs? You’re certainly not alone.
As the metaverse grows, millions of investors like yourself are getting into this lucrative and exciting business. However, if you choose to get into making or buying NFTs, one thing is for sure – you will need to educate yourself on the ins and outs of the business.
But NFTs can be tricky to understand, which is where our team at Sandstorm comes in. We are the first of its kind NFT platform where you can learn how to buy NFTs and sell them through virtual events in real-time.
Click here to check out our marketplace to learn more today!