Wallet – Often my blog is also about finance, wealth building and newer financial trends like cryptocurrency, but also NFT (digital art). The term “wallet” has come up more often now and so I wanted to write this little extra page for a quick explanation.
“Fast money with cryptocurrencies”, the world is not that simple! Nevertheless, with the right trading strategies, returns can be achieved with cryptocurrencies, as with shares, but with higher risk (no tangible asset). But how does crypto trading work? Are there differences in trading and risk? Stocks are more speculative than ETFs, cryptocurrency is more speculative than stock trading. So, safe wealth accumulation means rather investing in ETFs or stocks. Speculation means higher risk, but at the same time potentially higher profits. What is more important to you, you have to decide as a trader yourself. This is a comprehensive insight for you into crypto trading, with many more links to other crypto topics from me. Good luck with your learning! Buy, invest, hold and sell: Crypto Trading.
NFT means “digital art.” To ensure that digital objects have a documented history, NFTs use blockchain technology. It documents all transactions, from the moment of publication. This makes digital objects assessable for the first time, like physical art.
As with physical art, it’s all about the artist behind the projects. The more you know, the more you can survey the market of tens of millions of works. Even individual collections sometimes contain 1,000 or 10,000 individual digital images or content.
First of all, for those who don’t yet know what an NFT is, here’s a quick explanation.
