Don’t be careless, these are NFT Sales and Investment Tips for Beginners

KOMPAS.com – Market Non Fungible Token or NFT began to have a place in Indonesian society. This can be seen from the widespread news about NFT in early 2022.

One of the triggers was the viral incident of a young man from Semarang named Ghozali who succeeded in reaping profits of up to billions of rupiah from selling NFT products.

Ghozali made a group of photos selfiefor five years as an NFT product and sold in one of the largest NFT marketplaces, namely OpenSea.

Also read: Want to Sell and Invest NFT? These Tips You Need to Try

Ghozali’s success has made people flock to sell his NFT products on OpenSea. Unfortunately, this seems perfunctory because it only wants to emulate Ghozali’s success.

This can be seen from the NFT products that are sold. Starting from ID cards, clothes, to food. Whereas KTP is personal data that should not be distributed arbitrarily.

photo" data-photolink="http://www.kompas.com/wiken/image/2022/01/23/221000781/jangan-asal-asalan-ini-tips-berjualan-dan-investasi-nft-bagi-pemula?page=2" style=" max-width: 100% ; width:750px ">Opensea Screenshot Selling dumplings at Opensea

Tips for selling NFT

According to Pandu Sastrowardoyo, CEO of DeBio Network and Co-Founder of the Indonesian Blockchain Association, technically, there is no certain standard for determining the price and NFT products to be sold.

Because NFT transactions are carried out in a blockchain system that anyone can do without the need for permission (permissionless), considering the main concept is ownership (sovereignty).

As reported by Kompas.com, Friday (21/1/2022), there are a number of tips for selling NFT, especially for those of you who are still beginners. These tips were shared by the General Chairperson of the Indonesian Crypto Asset Traders Association (Aspakrindo) & the COO of Tokocrypto, Teguh Kurniawan Harmanda.

Also read: How did Ghozali get billions of rupiah from selling NFT selfie photos?

Here are selling tips and invest in NFT for beginners:

The first tip is to determine your role when it comes to plunging into the world of NFT. You must determine the objective, whether to act as the creator (person who sells) NFT or as a buyer or collector of NFT for resale.

The next tip is to understand the process of printing or scanning digital files. The file in question can be in the form of images, videos, audio, or anything else on the blockchain network.

However, please note that the printing process referred to here is not printing in physical form, but scanning.

After printing, the file can only be traded on NFT marketplaces such as OpenSea or TokoMall. There are NFT marketplaces available for free or paid.

“Usually, NFT creators will be charged a gas fee or a fee that must be paid every time they sign a new contract in the NFT on the Ethereum blockchain system. The amount of “gas fee” varies by each marketplace,” said Teguh.

Lastly, pay attention to the fundamentals. Any product, be it stocks or cryptocurrencies should pay attention to its fundamentals, as well as NFTs.

When going to buy an NFT product, choose a product that is believed to have added value in the future.

For example, you can buy the art of an artist, which you believe will continue to work in the future, so that over time the value of the work increases or increases.

Also read: These are three ways to make your work sold on NFT

photo" data-photolink="http://www.kompas.com/wiken/image/2022/01/23/221000781/jangan-asal-asalan-ini-tips-berjualan-dan-investasi-nft-bagi-pemula?page=3" style=" max-width: 100% ; width:750px ">Non-Fungible Tokens or NFTs are digital assets that are sole and non-transferable.  What is NFT different from crypto currency,freepik.com Non-Fungible Tokens or NFTs are digital assets that are sole and non-transferable. What is NFT different from crypto currency,

Apart from selling, NFT can also be used as a place to invest. In order not to be mistaken, here are tips for investing in NFT

  • Adjust according to ability. Investment, whatever the form, adjust to the capabilities that investors have. It is recommended to use “cold money” in investing in NFT (money that will not be used for a long time).
  • Buy NFT works that you really like. Learn who the creators behind the work are and what their historical value is.
  • Research first regarding the utility of NFT, whether collectible items can be used for play-to-earn games, merchandising and others. This needs to be done to find out what benefits can be obtained from the NFT.
  • Check the roadmap (plans and strategies) as well as the community of the NFT project you are interested in.

(Source: Kompas.com/Lely Maulida | Editor: Wahyunanda Kusuma Pertiwi)

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