Cryptocurrencies + NFTs: Why You Should Pay Attention

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Between the popularity of social media, personal relationships, and even mainstream advertising, there are very few people in the Western world who have not at least heard the term NFT crypto. The two digital commodities have been a roaring success, at least from the perspective of an interesting conversation piece. Just because something is in fashion per se, does not mean it provides value or is worth paying attention to. While there may be many influences pushing you towards getting involved in either NFT crypto, knowing why you’re getting involved and having a solid grasp on these things as concepts are vastly important to avoid financial loss or unnecessary stress. Below you will find ample reasons to begin paying attention to these concepts as they continue to spread throughout society. 

Potential

The presence of these new technologies has begun to change the way people think about and discuss the internet. It’s not that the internet has become stale in any way. But the influx of blockchain technology to the internet has been more than a breath of fresh air. A symptom of that change is evident in all the unique applications that have appeared in recent years. For example, if you had been told 15 years ago you could pay for an all-electric vehicle with a currency that only exists on your computer, you would’ve thought that idea was nothing short of crazy. The same result would take place if you were informed that a website hosting the sale of digital art pieces generated multiple billions of dollars worth of transactions last year. If nothing else, look at NFT crypto because of the potential they hold and what they’re already doing. 

A different approach to finances

When you’re born and raised in a system that has been in place for decades such as the current way the US government handles financial matters, it’s easy to overlook or ignore the downfalls. Crypto attempts to address some of these issues. First and foremost, is the issue of clarity. Crypto was built with total transparency in mind. Anyone can view information related to every crypto transaction ever made. Not only does this help eliminate any shady deals, but it also brings awareness to all the trends and movements taking place within the currency while simultaneously eradicating guesswork. Culturally, it is instilled in many of us to keep financial matters private so obviously, this is a change of pace. With how much corporate money is in circulation globally, it makes sense to see what these entities are up to.

Be prepared

The explosion of NFT crypto in recent years is evidence to support the idea that the growth of these things is not by mere happenstance. Now that there is an enormous amount of money involved, at the very least, interest will continue. However, the more likely outcome is that money will continue to flow into a variety of projects because of said interest and events that have taken place in the past. If we walk this idea out, the age-old idea of learning from our past seems like a necessity. Without a proper understanding of the platforms, abilities, concepts, and developments that surround the digital world, the apparent incoming dominance of them could put many of us at a distinct disadvantage. With all this laid out, you can see why you should pay attention to both crypto and NFTs. 

Inflation

One of the key things most cryptocurrency creators have attempted to address is the problem of inflation. Whether we like it or not, the US government continues to print money, lowering the current value of the money in existence. On numerous levels, this can make day-to-day life trying. Many cryptocurrencies have built-in limits on the number of coins in circulation. While not every coin makes this total at once, they do portion them out over release dates to allow for natural growth and regression. Long term, this idea can make a ton of sense for many people. If they’re looking to save money over a period of years, the value of cryptocurrencies could be appealing as, if left stagnant, it won’t depreciate over time as traditional savings account with US dollars would. To sum this up, cryptocurrencies put the power of money back in the hands of those to who it belongs to. If money is moving towards a different path than it has existed for decades, it is logical to follow the paper trail.

There are no two ways about it, NFT crypto are not topics easily understood in depth let alone mastered. Not only are they brand new to many, but they’re also incredibly detailed in design. Furthermore, they’re constantly evolving into something innovative and possibly unheard of. With this being the case for the foreseeable future, it may be best to climb aboard. Provided you’ve educated yourself properly. 

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