Exciting projects, gorgeous art, and active communities abound in the realm of NFTs. On the other hand, there are scammers, "rug pulls," and worthless JPEGS designed to take advantage of you. After the popularity of the NFT marketplace, many people tried to make a place for themselves. Some succeeded, while some had to face the floor.
Here are a few pointers mentioned by Zeneca in his YouTube shorts at Nas Academy Crypto to assist you to avoid mistakes in this relatively new business. Zeneca is an NFT collector, investor, trader, content creator, advisor, and project founder in the crypto market.
Zeneca says that all beginners should avoid these three mistakes mentioned below when entering NFTs.
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Being impatient. Don't be impatient; take your time to learn and understand everything before beginning.
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FOMO (Fear of Missing Out). FOMO is in every sector and market. A person needs to be aware of it and resist it.
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Not doing your research. It is important to take the time and research projects yourself before deciding whether to invest in them.
To learn more, people can explore Zeneca's videos at Nas Academy.
Source: https://www.youtube.com/channel/UCUBiTeiHbOxSkyN-jy-b2pA/featured
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