Where are NFTs used?

A few examples have already been given of where NFTs are used. Virtual games like CryptoKitties or game items are classic areas of application for Non Fungible Tokens. But digital art is also a large area where NFT art is already being used.

Well-known platforms here are Crypto-Punks, Hashmasks, where digital portraits are traded, and Art Blocks, where artists even have the option of developing their artwork further afterwards.

Another example is digital trading cards, such as football trading cards. The largest platform in this segment at the moment is Sorare. This is a virtual marketplace where users can exchange or trade blockchain trading cards with each other.

The platform has already won over more than 100 football clubs. Among them are a number of prominent football clubs such as Paris Saint-Germain, FC Bayern Munich, Inter Milan, Real Madrid and Juventus Turin. Based on the true performances of the players, the trading cards then receive corresponding points.

Currently, the world's largest platform for non-fungible tokens in the collectibles segment is NBA Top Shot (North American professional basketball league). Similar to Sorare, users can purchase and trade NBA digital trading cards. However, a different business principle is applied here than in the case of football trading cards.

• NFTs are used in virtual games and game items
• Non-fungible tokens are used for digital trading cards.
• NFTs can also be used excellently in the field of art. 

How can investors invest in non-fungible tokens?

To show the sums of money that are being raised in the market, let us take a report as an example, in which a crypto trading card of the football star Kylian Mbappé (currently with PSG) was sold for 116 Ether, currently equivalent to around 175,000 euros!

Prices in the 5-digit range no longer cause such a stir. This means that football trading cards on an NFT basis are being traded for over 10,000 euros.

In the art market there are even more spectacular prices. Recently, a digital collage by the artist Mike "Beeple" Winkelmann was sold at auction for a whopping 69 million US dollars.

To buy non-fungible tokens, users or investors - depending on which spectrum one feels more like belonging to - usually only have to register on the corresponding platform just like registering in Exness to trade in exness fx asia. Buying NFTs on the platforms is then quite simple.

Users can often deposit by credit card or transfer the corresponding cryptocurrency, often Ether. They can then buy crypto trading cards, digital art or game items.

If there is a corresponding demand for the object, investors can sell the digital asset on a marketplace that is integrated on the platforms. However, since the NFTs are also registered in the corresponding blockchain, holders of the NFT can also transfer these tokens elsewhere.

•     Buying NFTs on corresponding platforms is possible without further ado
•     Trading non-fungible tokens on a virtual marketplace
•     The demand for some NFTs is growing faster than the supply.