Today I'm going to tell you my experience buying my first NFT, the first NFT commonly JPEG or PFP without any utility, but just that, a photo and that's it! I am used to buy NFTs that have a specific use in games, NFTs that the reason to have them besides collecting is because I can use them in the games I play.

I have been following closely the AVAX community since there is a project that I am part of that has part in AVAX too so I can read what part of the influential community says, one day I see that they are talking about a NFT project that had few hours of issued, that had already sold everything and that its value had already tripled! Out of curiosity I entered and started to investigate the subject, I learned several interesting things, the first is that the NFTs have rarities so the less common it is the rarer it will be, the other thing I learned is that the less NFTs are minted the more the NFTS are worth and the more they are worth because they are less common, another thing I learned is that depending on the project and the people involved owning an NFT is like having a club membership and being part of a community of those who own those nfts.

The NFT I bought was a LIL BOOT, something quite MEME that's its only use a group of people decided to buy it and make it kind of cool so if you want to be cool you have to have one, basically everything revolves around flexing, I was able to do all this because I had a small amount of AVAX in a wallet I won in a past giveaway so I was able to experience something that I think is pretty silly!!!!!

All the speculation that surrounds NFT is awesome to see! I think their mint cost 0.5 AVAX which would be about 5 dollars, there are only 200 available at most, it's a relatively small amount, when I went in to see it their minimum price was 1.50 AVAX already costing about 15$, I decided to buy a slightly rarer and more expensive one that cost 1. 82 AVAX about $18 with the sole purpose of speculating with it, it has been about 5 days and the NFT project apparently has not gone out of fashion but it seems to grab more strength and I see that in the social spheres of AVAX there is still much talk of the project, its floor is now at 3. 90 AVAX which would be about $39, that means that if I wanted to sell I am already selling a little more than double, but I want to sell it at 5.75 AVAX almost $60 to earn triple and a little more than I bought it and I think it is quite likely!!!!

CONCLUSION

The NFT market is extremely speculative and fun, in reality it is the same as buying useless tokens, but it is much easier to pumpear, too bad I learned about it so late because I know I missed hundreds of opportunities to make money just by mining NFTS, I think at this point it is no longer so profitable or not so easy as there are more than ever, every day they create many NFTs projects and it is a terrible spam!!!! I also bought another NFT from another project because I thought it was horrible, that the one who made it and those who own it will be degenerates and if something is going to pumpear is a vomit project like that, it cost me 1 AVAX mintearlo, to see if I can get triple in the future as they are still for sale!

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All images are edited by me in Canva or screenshots taken from the official website!

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