Become a better investor
Lesson in Course: Ambition reviews (beginner, 5min )
Part 4 of Is crypto right for me
NFTs are digital collectibles built on the Ethereum blockchain. The investing in them is similar to sports jerseys, name-brand shoes, and other collectibles. Instead of a physical product, people display NFTs through computer and smartphone screens.
The price of stocks and other assets is anchored mainly by the value of future cash flows, subject to some supply and demand.
As developers build more applications on blockchains, the coins become more useful, expanding the number of people using them.
As more people understand blockchain technology, the adoption of smart contracts and other tokens can be much faster than the adoption of Bitcoin.