Why NFT Your Asset?

Why NFT Your Asset?

  • There isn’t a good reason not to. Minting an NFT only adds value, it doesn’t take anything away and it can be free.
  • Enable auctioning. Don’t set a price and risk undervaluing. Let the market pay more.
  • Earn royalties. First owner to NFT can get paid with every resale.
  • Instant flipping. NFT just need to be created once. You can relist anything you bought right away.
  • New assets. Sell things you didn’t realize had value.
  • More bidders. NFT marketplaces bring more buyers to your sale/auction.
  • Instant payment. No messiness of haggling/negotiating since it’s pay or go away.
  • Bookkeeping. No one likes keeping records, let blockchain handle all of it.

Get Started Minting Your NFT

NFTs started primarily for digital assets, but are quickly expanding to ALL assets. and valuables. In many ways, NFTs are better suited for what we refer to as “real assets” like physical items, intellectual property, services and rights because both are unique or finite. Whereas digital assets like a picture or a song file can be copied infinitely, a house, a car, a membership, a guitar lesson or a unit of your time can’t.

Making an NFT for your assets and valuables open up the possible things you can do with them, which instantly increases their value. Gold, for example, has value in and of itself but having additional usage in manufacturing makes it even more valuable. Also, NFTs can open up the realm of things that can be valued.

Instead of replacing anything that you can currently do with your asset, think of an NFT as enabling everything you can do with only some assets to all your assets. You can get the price history of your home, but not your car. You get a title for your car but not your lawnmower. You get a receipt when you bought your lawnmower from a store but not from a friend. You can rent a lawnmower but not a trophy. You can auction off a trophy but not characters in a book you wrote. You can make royalties from those characters but not the house you built.

When you create an NFT for any asset, you enable all of these functions, instantly! We’re not talking about unlocking the potential in some distant future. The infrastructure that exists for NFTs right now (i.e. the standards, smart contracts, blockchains and marketplaces) allow you to enable these things for any asset in the next 15 minutes if you really wanted (go here for details).

Biggest Benefits of Creating an NFT for Your Asset

Let’s put it this way, if you don’t create an NFT for a valuable you own right now, whether your house, your car, an engagement ring, a painting in your hallway, there is a chance the owner after you will create an NFT for it and reap in the benefits.

Sign up to our newsletter to receive RealNifty news and up-to-date drop information