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DOMAINS TOKEN-G

Rachel Welch

27 September 2022 128 Read NFT

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Investing in Non-Fungible Tokens (NFTs)

Non-fungible tokens (NFTs) are digital representations of properties that have unique identification. These tokens can be likened to digital passports, each with its own identity. If two NFTs are combined, they will form a third and unique NFT. This makes them valuable as investment tools.

NFTs can be purchased from an exchange or marketplace. Some accept traditional methods of payment, while others accept only cryptocurrency. Ether, the native cryptocurrency of the Ethereum blockchain, is the most common cryptocurrency used for NFT transactions. You can purchase ETH using a credit card or bank account. For beginners, it may be best to stick with ETH.

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