February 2022

Have you been hesitant to start buying and selling NFTs because of what you’ve been hearing people say about them?

When it comes to NFTs, it can be difficult to separate fact from fiction. It’s possible to make a lot of money from them, but it’s also possible to lose it all. This is why it’s important that you are well-informed about whether or not they’re worth investing in.

If you want to find out about the biggest NFT use cases myths, read on and we’ll tell you what you need to know.

What Are NFTs?

NFT’s, also known as non-fungible tokens, are digital assets whose value is recorded on a blockchain.

A blockchain is a type of distributed ledger technology that records transactions that happen on a network. The great thing about a blockchain is that it is very difficult for hackers to tamper with.

At the same time, the blockchain makes it possible for people to track ownership of digital assets in a way that is transparent for everybody to see.

There are many different forms of NFTs. This includes images, videos, audio, and even 3D animations.

NFT Myths: NFTs Have No Value

Many people say that if an NFT is just a piece of digital art that owners publish online, can’t anybody simply copy it and say it’s their own?

What these people don’t understand is that when somebody sells an asset on a blockchain network, this transaction is permanently recorded onto it. This means that it’s impossible for somebody to return and alter this record of ownership.

If somebody wants to take a screenshot of an NFT and claim it as their own, they can do this. But they’re not going to get very far before they get caught.

There are great marketplaces where people buy and sell NFTs which you can find out about here.

They Are Ruining the Environment

The truth is that some types of blockchains have a bigger carbon footprint than others. Since people use these blockchains to buy and sell NFTs, it’s possible that you’re contributing to the release of fossil fuels by buying them.

NFTs run on the Ethereum network, which does use lots of energy to run. But this blockchain technology is moving in the direction of becoming more energy efficient. In the future, NFTs will not be using very much energy.

People Use Them for Money Laundering

There is lots of research that says that criminals use hard money much more often for money laundering than cryptocurrencies. It’s also important to remember that everything recorded on a blockchain is totally transparent. When people break the law, their actions get recorded in the ledger.

Get Started in Buying and Selling NFTs Today

There are many things that people say about NFTs that simply are not true. By being informed about NFT myths, it’s easy to see that they are powerful assets that are here to stay.

If you want to find out more about NFTs, don’t forget to check out the Investing section of our website. We publish many important articles on this subject.

Are you finally ready to launch your dream business this year? If so, you’ll be among more than 600,000 new business owners fighting for web traffic customers.

In order to make it past your first year of business, you need to market your business like crazy in order to build your customer base. You need to compete for the attention of your ideal audience, which means publishing content on the platforms they use most.

Social media marketing is still one of the most effective strategies available. And while there are many metrics to track, likes on social media are more important than you might think.

It might seem that likes are a vanity metric and that they aren’t actually important. But that’s simply not true. Here are five reasons you need to care about getting more social media likes on all of your posts.

Reinforces Good Content

Millions of people and businesses are posting on social media every day. And most of the content being shared is low-quality, boring, and ineffective.

You know you share good, engaging content when you start seeing more and more likes on your posts. By paying attention to how many likes each post gets, you can learn what types of content your audience appreciates to ensure you are creating what they want to see.

Likes on Social Media Builds Social Proof

When new people discover your brand for the first time, they will view start browsing your social media profile. If they notice that your posts are getting a good amount of likes, they are more likely to click on those posts, read the caption, and take time to learn about your brand.

If lots of people really like your content, it will attract the attention of others.

Increases Follower Count

Whether you are a small business or a social media influencer, your goal on social media is to always grow your follower count. Not every follower will become a customer. But there will be many that do.

More likes on your posts mean that people will take your brand seriously and click the follow button. They will then see your content more often and may eventually become a customer. Check out this article to learn just how powerful social media can be if done correctly.

Boost Your Reach

When content receives lots of engagement, from likes, follows, and shares, it will gain additional exposure. On various social media sites, people that aren’t even following your account may see your content.

This will expand your reach, and multiply the effectiveness of your social media strategy.

Attract More Attention

When you create content that gains lots of likes, it will attract the attention of other businesses and brands who may want to collaborate. Collaboration is key on social media, as you can benefit from the audience and clout that other brands provide.

Likes Matter

Likes on social media aren’t the most important thing when it comes to your marketing strategy. But it’s a factor that helps you gauge your effectiveness in creating and sharing content.

Pay attention to your likes and do your best to increase the number of likes per post so you can experience all of the benefits listed above.

Looking for more insight like this? Visit our blog now to keep reading.