A non-fungible token is a unit of data stored on a digital ledger called a blockchain that certifies a digital asset to be unique and therefore not interchangeable. Recently, NFTs have been in great demand since artists all across the world are exchanging them in return with their very own creative workpieces. But, is it all that needs to be checked before hopping to buy one? eBankX suggests you read some facts mentioned down below:
- Since NFT is a unique token in itself, and non-fungible as the name says, it will not be viable for you to exchange it for any other object with another identical counterpart.
That’s because it is technically impossible to have identical NFTs. On the other hand, EBX Tokens offer long-term wealth generation.
- It has also been reported that people are investing millions of dollars in NFTs just as a reaction to FOMO i.e. Fear of Missing out.
There is no concrete logic of parking your funds in NFTs since there is no further till now. EBX, on the contrary, is a platform token and it will be traded on eBankX in exchange for cryptocurrencies like Ethereum and Bitcoin.
- What’s more, it is likely that the entire NFT era is a bubble.
According to statistics, NFTs have very low secondary sales. Out of the total, 67.6% of sales done to date are not secondary sales.
You can count on EBX tokens as we have built a deflationary token to facilitate the exchange securely in the market. Our secondary sales are increasing day by day and you can even reap benefits if you buy EBX token through a primary sale since we have a lot to serve to our customers. Hence, NFTs may be a part of the bubble which will just last a couple of years more since it has no concrete method to trade and own the assets till now. So, traders prefer EBX over NFT marketplace tokens.
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