Many famous personalities have predicted Web 3.0 as the future of the digital world. Unlike Web 2.0, where everything had a dedicated owner and buying and selling was done through intermediaries, Web 3.0 offers a completely decentralized platform where buying and selling are done directly.
A decentralized platform is one that is not under the ownership of a single person or company, and buying and selling are easier through such platforms. Such a platform mostly remains unaffected by the change in the economic condition of a particular country.
Let’s take a deeper look at the most common investment options that blockchain offers for people:
Buying and Selling NFTs
NFTs have been ruling the internet space for the past few years. The buying and selling of NFT can potentially make you a millionaire in just a few seconds, given that you apply the right NFT marketing strategy. NFTs are more like digital property and digital assets in the form of any art piece, picture, content, tweet, or anything that can be possessed digitally.
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You are actually buying a blockchain address when you pay for an NFT, as every digital asset has a specific registration number or address on the blockchain, and this address is very specific for each asset. This also eliminates the risk of any kind of digital theft.
If the address is registered under your name, it will remain under your ownership unless you decide to sell the ownership to someone else. When you transfer the ownership to someone else, you will still get a percentage of all the resales of that asset after that because you would be the first owner of the piece. Hence, this type of buying and selling offers great profit.
Investing in CryptoCurrency
Cryptocurrency is considered the future of physical currency. It is known to have made the world a global village where buying and selling have never been easier irrespective of the physical and territorial boundaries.
You don’t need to convert your currency in order to buy something in a different country, given that cryptocurrency is deemed a legal mode of payment in that country. Investment in the cryptocurrency marketplace has been in favor of millions of people.
They have earned an insanely handsome amount of profit by timely investing in cryptocurrency. Some of the most famous cryptocurrencies include Bitcoin, Ethereum, and Dogecoin. The value of cryptocurrencies keeps fluctuating over time, but overall, there has been a drastic surge in their value over the last two decades.
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The Takeaway
With greater profit in the blockchain space, there comes greater risk as well. It might sound very tempting at the moment to invest in blockchain in one way or another, but you must also know the downside of investing in blockchain. This is highly unstable, and the market can crash at any time. The instability of this market can be estimated by how fast it got impacted due to the famous tweets of Elon Musk about cryptocurrency.