Getting in on the Ground Floor: Why the NFT Market is Still in its Infancy | Hacker Noon

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'Getting in on the Ground Floor: Why the NFT Market is Still in its Infancy' by adeldmeyer nft nfteconomy

The non-fungible token, or NFT, is a form of digital works of art. In many ways, the NFT market of today is parallel to the dot-com boom of the late 1990s. Back then internet commerce was still in its infancy, and many people saw the potential for buying and selling online. But today the market for NFT tokens is also in its infancy, but many people who may invest in the future do not really understand the technology that makes it work and makes it possible.

So what does that mean for you and your future NFT investments? How can the unfamiliarity of the marketplace work to your advantage? Why is now the right time to get in on the ground floor of what is likely to be the next big thing? Here are some of the key things you need to know.

In many ways, the NFT market of today is a parallel to the dot-com boom of the late 1990s, albeit with some key differences that make its potential even more exciting. Back then internet commerce was still in its infancy, and many people saw the potential for buying and selling online. Today the market for non-fungible tokens is also in its infancy, but many people who may invest in the future do not really understand the technology that makes it work and makes it possible.

 

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