Should you set up your own NFT shop?

[Trexxxy]

You know lately, I have been seeing a lot of things about NFT, but to be honest, I don't have a clue about what it is. I think that it is a digital portrait of a person represented in 2d, correct me if I'm wrong.

 

[Good-Person]

I am not sure if it would be a wise idea to start your own NFT platform. This is because there are already so many platforms where you can sell your products for NFTs. One of the most popular pltform is the Opensea platform.

 

[Setho]

Non-fungible tokens usually require a high amount of cryptocurrency and it is a very tricky market so you should gather a lot of knowledge first before trying to venture into it.

 

[Blessedsam60]

Pls can you give us more clarification on NFT shop because this is my first time of hearing this business opportunity. And I believe this will be a massive money making opportunity

 

[Toyoabasi]

NFTs are still quite confusing to me, but I would love to give them a try to see if they are as profitable as they say they are. Are they? Now, what about starting your own NFT shop. Could you do something like that? Or is it a lot bigger than starting up your own shop?

Before I can give a response, can I please get to know what NFTs are?
What is it all about? put me on a bit on its nitty-gritties.
Thank you.

 

[Elfinito]

I was also considering on starting my own NFTs shop but I need a good tutorials and someone who has a better knowledge NFTs

 

[Heatman]

It was very obvious that most people on the platform didn't know what NTF the OP discussed about who's not here to give us better clarity. So, I took it upon myself to look it up and got something that's worth a read.

You can read to about NTF business explanation on Forbes.

Council Post: 10 NFT Business Ideas You Can Start Today

It’s the Wild West right now when it comes to startup projects in the NFT space.

www.forbes.com

 

[Lucy ID]

I would advise anyone to open an NFT forum because there many sites or wallets that sells NFT and it's not really on a very high side for now

 

[Good-Person]

Yeah but i honestly think NFTs are just a fade... Youre literally paying thousands of dollars on a digital image that you can just copy and click... If you want art go hire a graphic designer for a few hundred dollars.

I do not think that this is the case. NFTs are used to transfer rights and with an NFT, you can determine if the image you copied is fake or genuine. This is why NFTs have so much high value.

 

[Dagm1]

I've only recently heard of nfts and don't know much about how they function or how they can help readers gain money, but I'm going to do some study and come back to you on this.

 

[Smiles20]

The non-fungible tokens are actually digital assets that can be bought and transferred only through digital means so it is technically impossible for you to open a shop for them unless you want to sell physical one.

 

[Heatman]

Yeah but i honestly think NFTs are just a fade... Youre literally paying thousands of dollars on a digital image that you can just copy and click... If you want art go hire a graphic designer for a few hundred dollars.

Getting a good graphic designer is something that is very necessary when you are doing this because if you have someone who is not a professional to do the work for you it is not always going to be that effective.

 

[CeeJase]

I have just been hearing about nfts but do not really know much about how they work or how they can help readers to make money but I'm definitely going to research and get back to this.

It is actually very important that you research very well into this and know exactly how you are going to get it involved in your own personal business in order to make more profit from it.

 

[Good-Person]

I have just been hearing about nfts but do not really know much about how they work or how they can help readers to make money but I'm definitely going to research and get back to this.

Basically, NFTs get their value when the creator of the artwork assigns a value, as far as I know. The NFTs are usually sold through Ethereum and NFTs have their own blockchain. In that blockchain, you could find information about the original crator of the art.

 

[Kaffyfolla]

If you have been looking for the right platform to enter this enticing world of NFTs then NFTically is the place for you. Setting up your own NFT store and managing it has been extremely simplified by NFTically. All you need to do is follow some basic steps and in a few minutes, you will be ready to drop your freshly minted NFTs.

 

[HayKay]

The main thing isn't about setting up your own shop - yeah you can if you've grown so big and want to auction off collectibles physically as well.
But you have to first start by getting valuable art that people can purchase.

 

[Heatman]

If you have the resource and also the idea you can be able to set up your own business or your own NTF shop

Knowledge is actually very big power because it will enable you to do things ordinarily other people will find it very difficult to do so if you don't destination to do that I believe it is going to be successful.

 

[CeeJase]

I wish the OP had explained what he means by NFT shop? The only thing that comes to my mind when I hear NFT is Non Fungible Tokens. I do not know whether investing in Non Fungible Tokens is profitable or not.

I think it's something to do with cryptocurrency and it is somehow related to gambling in a very little way, as well anything other than that that is the little I can be able to come up with.

 

[Sincerem]

Well, the the non-fungible token NFT had risen to a really good height as a lot of individuals are currently investing in it. But dont start an NFT shop if you don't really know how it operates.

 

[Sincerem]

It is something that worth trying. . This is something I am also interested to learn about but I don't really have the time to do that since I don't even have the money to start investment now. If you have the interest there is nothing wrong with trying it out.