What is Initial NFT Offering (INO)?

Suba

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Initial NFT Offering (INO) is a crypto crowdfunding platform such as ICO, IEO, STO etc. In general, developers sell INO on the NFT marketplace for a predetermined period.

Non-fungible tokens (NFT) have value in crypto (Ethereum, Solana etc) so the NFT price in fiat money is converted based on the crypto value. So we cannot buy NFTs with fiat money, be it USD, YEN, Yuan, IDR etc.

NFT is an art token so not everyone likes it or collects NFT, so it has no market value, the value of NFT really depends on one's interest.
 

Magnus2022

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Initial NFT Offering (INO) is a crypto crowdfunding platform such as ICO, IEO, STO etc. In general, developers sell INO on the NFT marketplace for a predetermined period.

Non-fungible tokens (NFT) have value in crypto (Ethereum, Solana etc) so the NFT price in fiat money is converted based on the crypto value. So we cannot buy NFTs with fiat money, be it USD, YEN, Yuan, IDR etc.

NFT is an art token so not everyone likes it or collects NFT, so it has no market value, the value of NFT really depends on one's interest.
I agree with you, the value of NFTS depends on individual perception. I saw some NFTS that I can not collect for free are sold thousands of dollars. I wonder if my sense is deceiving me..
 

riberet19

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I didn't know this, I guess it's similar to ICOs but in terms of NFTs, it's interesting, but I think you have to be careful in this very new sector, because we already saw what happened a time ago with ICOs
 

Bisolami

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Initial NFT Offering (INO) is a crypto crowdfunding platform such as ICO, IEO, STO etc. In general, developers sell INO on the NFT marketplace for a predetermined period.

Non-fungible tokens (NFT) have value in crypto (Ethereum, Solana etc) so the NFT price in fiat money is converted based on the crypto value. So we cannot buy NFTs with fiat money, be it USD, YEN, Yuan, IDR etc.

NFT is an art token so not everyone likes it or collects NFT, so it has no market value, the value of NFT really depends on one's interest.
I only know about Nft but I never knew that there is initial NFT offering
 
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