By Jeremy
January 5, 2022

NFT Investing and How it Works? Should I Invest in NFT? Best NFT to buy?

 NFT Investing and How it Works? Should I Invest in NFT? Best NFT to buy?

NFT Investing and How it Works

Although NFT investing is considered high risk, the alarm bells haven't set off for most investors excelling at it. The number of investors is flying through the roof. Thus statistics indicate that of all US adults, 29% were keen on investing in non-fungible tokens last year. 

Could it be that NFT crypto investing is worth it after all? We will answer the question in this article and how to invest in NFTs crypto in 2022. Blockchain technology set a precedent for a wide range of possibilities in the crypto space. Now, let's take a look at the prospect of how to buy and sell NFTs for profit. 

Is NFT a Good Investment? 

Considering that non-fungible tokens are high-risk assets, it begs the question. The truth is it can be either good or bad, depending on your NFT investing strategy. For instance, some experts use this NFT investing strategy known as diversified investments. In this case, their portfolio combines safe medium-risk and low-risk investments with a high-risk one, such as NFT. Fundamentally, these other "safe" assets constantly pay dividends. Therefore, even when you lose, you're still winning in the sense of it. Note that cryptocurrency has always been about finding the strategy that works for you.  

How to Invest in NFTs with 4 Easy Steps in 2022 

If you are money-grubbing, NFT investing might not be for you. A significant number of buyers invest in non-fungible tokens for the privilege of saying they own one. In most cases, they're enthusiastic about the NFT art and take pride in its uniqueness or creator (celebrity). However, some people still make vast amounts from NFT art investing. So, here's how you do it:

  1. Sign up for an account at your preferred NFT investing app. Check the best NFT marketplaces to select one that suits you. 

  1. Create a cryptocurrency wallet to store both your tokens and NFT keys. You have two choices; an external wallet or a crypto exchange, such as Metamask or Coinbase. 

  1. Deposit funds into your external hardware wallet or exchange. You can achieve that by linking your credit card or bank account, then directly buying crypto. Prepare your documents for a mandatory KYC verification to confirm your identity. 

  1. Finally, purchase the NFT art that catches your fancy! Hodl till whenever you are ready to sell. 

NFT Projects of 2021 & 2022

2021 was an incredible year for the future of non-fungible tokens. Therefore, here are a few NFT projects worth investing in or at least taking a look at in 2022:

  • Virtual Reality Land
  • CryptoPunks
  • Meebits
  • Axies
  • Proof of Beauty
  • Bored Ape Yacht Club
  • Doodles 
  • Hashmasks
  • Decentraland
  • Cyberkongz
  • Sandbox's LANDs

In Conclusion,

Hopefully, this article has helped you progress from NFT investing for beginners to advanced. Not only do you know how to invest in NFT now, but you also know which projects to start looking at! Essentially, try to join as many legit NFT airdrops as you can. NFT investing explained most in the simplest way!