Kryptoballersnft
Kryptoballersnft 1 minutes reading from Bitcoin

NFTs are Growing Popular as Cryptocurrency Investments Grow Popular

It is clear that NFTs are quickly gaining popularity as a vehicle for financial investments.

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An NFT provides a way of holding cryptocurrency (specifically Ethereum) in the form of a digital asset. Like using money to buy physical property (say real estate),

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an NFT has investment potential in that it might increase in value quicker and more significantly than an equivalent holding in cryptocurrency. 👇

NFTs can also be used as collateral when seeking to obtain cryptocurrency loans

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(much like you might use your house as collateral when seeking a loan from a bank), or to represent more complex financial products (such as insurance, bonds or options) that can be traded on secondary markets.

NBA NFT Collection
This post is based on this twitter thread.

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