NFTs

What is NFTs?

Non-fungible tokens, or NFTs, are misunderstood by many but for those who know, their intrinsic value is an easy sell and provides an alternative asset that can be used as an investment. Thus, many in-the-know individuals participate in NFT reselling. The key difference between an ordinary image or digital asset that is online and an NFT is the fact that each NFT is made unique by its individual identity which is encoded on the blockchain, giving each of them scarcity in the same way that physical objects have scarcity. Because of this scarcity and the release-and-sell-out drop model that is popular in physical item resale, NFT reselling has participants cashing in digitally without needing to ship or store inventory except for in a digital wallet. While many of the so-called “blue-chip” NFTs such as Bored Ape Yacht Club, Azuki, and Cryptopunks produce consistent aftermarket volume, the five to six-figure price ranges are out of reach for ordinary individuals. NFTs that are more within reach for ordinary individuals often lose value, making it a tricky market to enter alone without guidance–not to mention the learning curve of crypto activities such as minting an NFT, safely storing it in a wallet, and selling or transferring it. With Whop’s NFT reselling groups, you’ll have the inside alpha that will make you a pixel-flipping expert in no time, starting with NFT reselling basics such as how and where to sell them in addition to avoiding the most common scams. Further perks for those who already know the game will include getting whitelisted for mints, price projections, advanced resale tips, and more.