Is it worth buying NTF in 2022?

Is it worth buying NTF in 2022? The ever-evolving world is coming up with unique technology every single day. Web 3, Crypto, NFT, and many more similar words keep on scampering everywhere all time. But maybe we all are not exactly aware of what exactly is it. and how does it work? NFT is one such term. 

we are sure that you have heeded something in the context of NFT but in there is a high chance of you are not fully aware of what exactly is it. So here it is, a small gist on NFT and it is all worth it. 

What is NFT? 

Non-fungible tokens created using a program, are based on blockchain technology. Each NFT has its own unique code. They are generally used in recent times by many, they are a placeholder for artworks and many such things. Also, NFT can be transferred by conducting a simple process. 

History of NFT 

The first NFT identified was Quantum, mined on the 3rd of May in 2014. Two digital artists Kevin McCoy and Anil Dash. But the foundation of NFT was created in 1970. Since 2014 it has been in the talks and slowly it is being used too. NFTs are son going to become the next standard technology. 

Regulatory behind NFT 

Looking from the point of India it would most probably be regulated by the Securities contract Act 1956. But the thing is not very certain since it has not yet been officially announced by any approving authority. Every country would have its own rules and regulations in the context of the NFT working. 

How does it work? 

As mentioned above NFT works on the basis of blockchain technology, and there are several applications for it. A digital asset management platform is ideal for the exchange of NFT. These platforms remove intermediaries and connect the client and the seller. 

Is it worth buying NFT 

Technology is growing like never before, things are getting better day by day. Just like cryptocurrency, NFTs have also become a mode of investment for people around the globe. If an investor understands how to buy the right NFT and also knows how to sell them at a higher rate than it is bought, then that person is for sure going to take the utmost advantage of the new technology. Great investors around the globe believe that NFTs are a great mode to earn money. So if you have the right amount of knowledge and experience on NFT you should surely go for it. 

NFT’s future in INDIA

NFT transactions can be done on an online basis and can happen on a global basis. Sitting in any corner of the world you can buy or sell your NFT. It is an extremely simple process if you have a good understanding of the internet and of course sound knowledge of NFTs. Coming to India, we have continuous growth in the area, so we would hope for improvement in the regulatory body for the same.