NFT is a digital asset like Cryptocurrency. For NFT now digital artists can make more money than previous. In this article, I Explain what is NFT. Advantages, and Disadvantages of NFT, and How I can Invest or sell.
What is NFT?| Is it Crypto or not
NFT stands for Non-fungible token. The NFTs have revolutionized the concept of Digital Art. This Token is a digital asset like bitcoin. Now, this is the most profitable Art business. Every NFT is Certified on a Digital Diary known as Blockchain. non-fungible token focuses mainly on establishing ownership the digital art. NFT can be your Digital painting, song, image, video, etc.
The Craze for NFT started in 2017 due to a game called Cryptokitties. This is the game where players can buy, Breed, and sell Virtual cats. This is like your OLD WWE Tram Card but Virtual. In NFT Every artwork is unique, you can’t replace that with anything.
Market of NFT
popular NFT Artist Beeple, Who recently sold his art collection for 69 Million dollars. Beeple, Said this is the new Evolution Chapter in the history of art. However, their art is the third-highest price paid to any living artist.
Now NFT is popular in India. Recently, Musical Artiest Nucleya launched a 12-sec clip as an NFT. In February 2021 Amrit pal sing sold two digital arts for 1.8 million Rupees. Recently Vignesh Sundaresan blockchain entrepreneur, buy an Art from NFT for 69 Million Dollars. India is the most potential market because there have many talented Artiest.
Read Also: What is Cryptocurrency: How it’s Work
Advantages of NFT:
- NFT can help A digital artist receive their due Credit.
- For NFT now the digital artist can Actually earn money for their work.
- Artists receive a Royalty for each time when their art is sold.
- Anyone can buy and sell with a profit.
Disadvantages of NFT:
- NFTs don’t have Clear Regulations in India. (we don’t properly know it’s legal or not)
- Many people believe that the NFT is yet a bubble. So it can bust.
How I can invest or sell in NFT
You can buy NFT using third-party websites Like Opensea, Nonfungible.com, etc. Where you can buy the NFTS using your cryptocurrency known as Ethereum.Also, you can buy this using your Real currency. You can sell your NFTs to post your artwork on these websites.
For India have a Marketplace where you can buy or sell NFT. Which is called Wazirx NFT Marketplace.
I hope, you get the information about NFT. If you like this article, you can share and comment. So that we too have a chance to learn something from your ideas and improve something.
What is the share or stock market|How to invest in Stocks
The share or stock market is a place where you can earn a good amount of money by investing your money. This market depends entirely on the economy of the country, global signals, currency and rbi’s policies, etc. In this article, we will know what is the share or Stock Market, How to invest in stocks, Risk factors, etc.
What is the share or stock market?
The stock market or stock market is considered to be a market that is a collection of many markets and exchanges where shares are sold and purchased regularly by people. Here only those companies’ shares are bought and sold are listed in the share market.
Do you know, what is the place where people make profits even after putting their money at stake? That’s the place of the stock market. The share or stock market is a market where the shares of many companies are bought and sold. It’s a place where some people either make a lot of money or lose all their money. To buy shares of a company means to become a shareholder in that company.
According to the amount of money you invest, you become the owner of that company by a few percent. which means that if that company will make a profit in the future, then you will get twice the money you have invested, and if there is a loss, then you will not get a single penny, that is, you will be completely at a loss.
Just as it is easy to make money in the share market in Hindi, in the same way, it is equally easy to lose money here because there are ups and downs in the stock market. So let’s start with information about the stock market. while investing in it, new investors have to face initial difficulties. but when the same investor starts to understand the stock market well, he becomes an experienced player.
How to Invest in Stocks
The first question before the person invests will be how to invest. first of all, decide when you need whatever investment you want to make because it allows you to choose long- and short-term stocks. be well aware of the company you will take to invest in. for this, you can take the help of consultants. you don’t have to invest in the same company. you can also invest in more than one company.
Required for Invest in the stock market:
- Demat Account
For investment, you need to have a Demat account, for this, you will have to contact any bank or share brokerage companies like share mine, reliance money, and India infoline. until recently, there was physical trading of shares. shares were transferred directly. but now it’s not so. now, they are bought and sold through the Demat account of a bank or financial institution. you may buy and sell shares by yourself or a stock broking company in your place. You can create a Demat account with a brokerage like Grow, icici direct, etc. They will help you create your stock account.
Period of investment
Investors can adopt two types of ways to invest. long and short term investment. the investors can keep the shares purchased in the short term for 3-6 months. while shares purchased in the long term can be held by you for up to 6 months. ordinary investors are advised that long-term investments are right because day-trading and short-term investments are riskier.
Nowadays, trading of shares takes place electronically. this process is done through the Mumbai stock exchange and the national stock exchange. Apart from the exchange, investors can also take the help of popular brokerage houses/Apps are Zerodha, Upstox, icici direct, Grow, etc.
I hope you get the all information about shares or the stock market. If you like this article, you can share and comment. So that we too have a chance to learn something from your ideas and improve something.
Difference between Vector and Raster graphics?Example
Graphics help us to see the photo, video, Animation Popularly, and Vector Graphics are sharp and detailed than Raster Graphics. In this article, I Explain the Difference between Vector and Raster graphics with Examples.
What is the difference between Vector and Raster graphics?
Graphics are part of Multimedia. In Digital media like Photo, Video, Animation all these things are made by graphics. Graphics are two types Vector Graphics and Raster Graphics.
|Vector Graphics are composed of paths.||Raster graphics are composed of pixels.|
|Vector Graphics such as a.eps file or Adobe Illustrator file are composed of paths or lines, that are either straight or curved.||Raster graphics Such as a .gif .jpeg is arranging of pixels of various colors, which together form an image.|
|The data file for a Vector image contains the points where the paths and ends how much the path curve, and the colors that either border or fill the paths.||Raster graphics, on the other hand, become “blocky” since each pixel increases in size as the image is larger.|
|Vector Graphics is Capable of detailed editing.||Raster graphics are Less detailed but offer precise paths.|
Read Also: What is Multimedia in Computer With Example
Example of Vector Graphics Software with Format:
- Adobe Illustrator.
Vector Graphics typically saved as EPS, AI, SVG, PDF Format.
Example of Raster graphics Software with Format:
- Adobe Photoshop.
Raster Graphics saved as JPG, GIF, PNG, TIF, BMP Format.
I hope you get the all information about the difference between Vector and Raster graphics with Example. If you like this article, you can share and comment. So that we too have a chance to learn something from your ideas and improve something.
Explain what is KYC in Banking(Updated) | Full form KYC
In this Digital Life KYC is one of the most important things to know about your customer. In this article Explain what KYC in Banking, What is the Full form of KYC and Why KYC is Important or Required.
Explain what is KYC in Banking?
KYC means or Full Form is Know your Customer. It is a process by which banks obtain information about the identity and address of the customers. In India, KYC is mandatory for every Customer in the bank. It takes your personal information like your address, photo, mobile number, Fingerprint, eye scan, birthday, Your father’s name, etc to do that. it stores your information digitally.
What Documents are Required for KYC
- Country PassPort
- Driving Licence
- Votar Card
- Pan Card
- Aadhaar Card
You Need to Submit any one of these documents as proof of identity.
Why KYC is Important or Required
In all of these documents like the Aadhaar Card, there has your all the information about you. If you do something wrong in a feature they can easily track you. With KYC online verification and offline KYC authentication in place, banks can catch any potential money laundering rings.
Another Reason why KYC is important is many people invest their money in other financial services like trading, mutual fund investment, Cryptocurrency, and more. So that time it has a big role in cross-checking their operating address and verifying the identities of their beneficial owners and authorized signatories.
I hope you get the all information about what is KYC in Banking, the Full form of KYC, and Why KYC is Important or Required. If you like this article, you can share and comment. So that we too have a chance to learn something from your ideas and improve something.
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