Some people don't understand how you can pay 400 ETH for an NFT token. At the current exchange rate, this amounts to more than 47,000,000 rubles. But if you understand the topic, it will become obvious that investing is profitable.

You can create, sell, exchange items, game artifacts and other things of interest to those who make money in this industry.

The NFT space is growing rapidly. Collections can be sold for high prices. You just need to choose a reliable platform. Today we will share recommendations on how to choose the right tokens.

Today there is a wide variety of NFT marketplaces. But not all services offer a clear interface and a solid selection of assets. It is important to understand that the value of NFTs is tied to the underlying blockchain.

Selecting NFTs

You need to have a goal. If you need an asset for subsequent sale, it is important to study:

  • reputation of the project founders;

  • scarcity of collections;

  • benefits for buyers;

  • rating information on NFT Analytics websites;

  • price. It must be adequate.

It is not recommended to take collections from resellers who wish to remain anonymous. Excessive anonymity may indicate cyber fraud.

Can you get rich by reselling NFTs?

Yes, you can. Sometimes profits exceed expectations. But remember that you are dealing in a risky industry. It is technically impossible to completely eliminate risks; they can only be minimized.

It is necessary to pay attention to the rating and reputation of its creator, and the usefulness of the token.

Not all digital masterpieces have only an aesthetic purpose, which is popularized by the stars. Gaming NFTs are also common and are used in blockchain games to earn cryptocurrency. Non-fungible tokens provide the ability to own real objects.

Binance NFT Rating

Thanks to filters on the marketplace, you can view tokens, collections, or artists based on their popularity. The emphasis should be on the topic. Masterpieces of art, digital assets with autographs of stars, and so on are in demand.

There are different types of collections on the platform:

  • Premier. They are being developed in collaboration with Binance NFT.

  • Standard. They are not verified by the site.

All users have a choice. If it’s difficult to decide, you can look at the rating board for a certain period of time by top collections, sales and authors.

Where should the collection be stored?

Conveniently, on Binance you can store purchased assets in your personal account. The platform is protected from third-party hacks. She protects her reputation and takes care of her clients so that they do not encounter fraud. It is possible to withdraw an NFT to a personal wallet, but it must be compatible with the marketplace and the underlying network.

Conclusion

NFT trading is challenging but lucrative. It is necessary to take into account the criteria for choosing digital assets. Experts recommend choosing a site based on reputation and the underlying blockchain NFT token. The Binance NFT platform is leading the market. She offers profitable cooperation. She has a good reputation. There are much fewer risks here than on other sites.