[A Sip of Books] You Can Become a ‘Wise NFT Investor’ Too

Some sentences encapsulate the entire content of the book itself, while others instantly reach the reader's heart, creating a connection with the book. We excerpt and introduce such meaningful sentences from the book. - Editor's note

It took radio 38 years, TV 13 years, the internet 4 years, and the iPod 3 years to secure 50 million users, but Facebook reached 100 million users in less than 9 months. The reason is that there are no limits to physical distribution. The author says the same applies to NFTs. This book starts by pinpointing the worldview, the ultimate point NFTs pursue. It provides explanations of terms as well as insights into the flow of cryptocurrency exchanges, cryptocurrencies, electronic wallets, NFTs, creators, projects, communities, roadmaps, services, metaverse, and worldviews.

The biggest reason is that transactions can be easily made anytime and anywhere. Previously, when trading artworks, there were various channels and authentication steps, numerous fees imposed during the process, and issues with delivery and storage. NFTs are truly very simple and reliable. NFTs were conceived for trading intangible assets, and the initial attempt was to share values such as copyrights, but the circulation of artworks called NFTs has activated the market. Diverse, creative, and beautiful works continue to emerge even now. It is similar to how web novels and webtoons lowered the threshold for publishing and led to the participation and prosperity of ordinary people.

Until now, we tended to think that writers or artists usually work alone. However, in the world of NFTs and the metaverse, which is based on NFTs, communities are essential. By accessing the social media connected to the creator, such as Twitter and Instagram, and checking their followers, one can know what kind of person the creator is and whether the work is a forgery or not. By looking at the people following the creator, one can better understand the creator. It is a way to reconfirm whether the creator is trustworthy by observing their followers.

Smart NFT Investor | Written by Kim Dong-eun | Altus | 448 pages | 22,000 KRW

This content was produced with the assistance of AI translation services.