After three months and a really bullish crypto market- let’s see how our NFTs are doing since we last bought them! In this experiment, I really don’t care whether they become worthless as I am merely curious about the market.
One of them that I had bought ended up being a rug pull. Rugpulls are basically projects that are scams (in short word form). In more detail; they are simply when someone mints a project but runs away with the money. The project which turned out to be one was; Another Ape.
With the other NFTs I own- most of them haven’t really increased or decreased in value. They have simply just not had much or any activity since. We will make an update post in the future on how it’s going and hopefully I don’t get scammed again!
Crypto’s value can go up and down and is unregulated any advice in this article and the adverts on it should be realized as the value of investments are variable and can go down.
My Ventures into NFTs!
I have also minted my own postcards- they will be minted as Cardano NFT on the JPG.store. The main reason why I’m doing this is to see how the digital world works. You can find my first mint here (it’s listed for 5 ADA since I don’t fully trust the concept yet!).
I don’t think it’ll sell and I really don’t want someone to spend so much on my NFT. Especially since I’m not a big photographer so it’s quite cheap. Plus I’m not really taking this seriously so it’s just a experiment really.