Check these 5 main things before buying an NFT!

Today, buying an NFT is becoming a luxurious trend. Believe it or not, people are moving towards buying NFTs, rather than a Rolex watch or a Lamborghini! Day by day, more and more people are speeding to hop on board the digital train, which is by the way moving in the speed of light! Buying NFTs is the future. However, it is important to keep in mind these couple of notes if you want to make sure that what you’re buying is “IT”! 

Before buying an NFT!

First of all, always keep in mind that you need to buy something unique! Checking the uniqueness and rarity of a certain NFT is important in order to make sure that the value you are investing in is worth it. You can check the percentage of an NFTs’ exclusiveness in the properties on the latter’s page. This is vital as you can also know if the NFT is copied or if it is the original one from the properties. Moreover, you need to check whether the NFTs’ seller is verified or not. For example, just like on Instagram and Twitter official accounts are verified with a blue tick, the same goes for NFT sellers on marketplaces. This makes it easier to know that the seller is legit and can be trusted, even though some legit sellers do not have it YET! 

Now, whenever there is a transaction made on the blockchain, whether it is related to crypto, NFTs or other, there is a certain fee to pay. So always check the fee before moving forward with the purchase. 

That’s not it! 

In addition, NFTs’ liquidity is limited and people who want to buy an NFT should keep this in mind as well as its market volume. Buying an NFT should be a long term investment so it is vital that you consider these two factors. Finally, NFT sellers definitely have previous items sold. These are also important to check to confirm the chosen NFTs since it allows the buyer to see how prices are changing and why, even for future investments. The process of buying NFTs is an addiction, especially when they are successful purchases!