How Can an ERC20 Token Holder Such as LEDU Mint and Sell NFT Artworks
Catherine Dela Torre
Compared to cryptocurrencies, NFTs are not investment-grade assets and more like digital collectables. And, they are also not a liquid investment, meaning, you will find it difficult to sell one.
Although NFTs are selling like a hot cake in the market, it is still a new concept and as an asset class, it should prove its efficacy first. Therefore, a beginner in the crypto market should avoid and if you are considering buying one, you should first understand the risks well.
Cathy Chua
Like all assets, supply and demand are the key market drivers for price. thanks to the scarce nature of NFTs and therefore the high demand for them from gamers, collectors and investors, people are often prepared to pay tons of cash for them.
Some NFTs even have the potential to form their owners tons of cash . as an example , one gamer on the Decentraland virtual land platform decided to get 64 lots and mix them into one estate. Dubbed “The Secrets of Satoshis garden ,” it sold for $80,000 purely due to its desirable location and road access. Another investor parted with $222,000 to get a segment of a digital Monaco racing track within the F1 Delta Time game. The NFT representing the piece of digital track allows the owner to receive 5% dividends from all races that happen thereon , including entry ticket fees.
Ana Angeles
Any plans for the LEDU team to create their own NFT platform like Opensea?
Bianca Baretto
im new to NFT but not to crypto, I'd like some help on how to think or perceive the variety of lens on the authenticity of physical goods with NFT, or if that's even a viable use of NFT's
How do you keep a physical collectible authentic with its associated NFT. For example, what if I saw a collectible items 'watermarked' with its NFT, I liked it so much that I went home and literally made a copy of it. It's so similar that unless a person had been sitting down with both versions for a few hours you wouldn't be able to say which one was the first and real one.
Then i went on an NFT minting site and registered my copy with its own NFT.
Technically now there are two of these collectible items with their own NFT. In that way they are different because they have their own NFT to identify each other, but the physical items aren't unique in its idea and conception.
Or is that out of the realm of NFT and proving authenticity? As in, now there are just two instances of a similar collectible item that are separated by their NFT identity?
I suppose it's just something I haven't really absorbed and realized the intrinsic value of owning a particular NFT versus owning a collectible that happens to have its own NFT. Like I'm not able to associate value with owning a specific NFT, I'm associating the value of the collectible that the NFT is attached with.
Anyways I'm not knocking on NFTs, I am very interested in them and want to learn and understand everything about them! Thanks for any help/advice/suggestions