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What is NFT Trading?

  • Written by NewsServices.com

Non-Fungible Tokens (NFTs) are digital assets that are unique and cannot be interchangeable. NFT tokens are created on a specific blockchain platform, such as Ethereum, and each one has its own unique identifier. You need to do plenty of research in order to NFT Profit.

NFT and crypto trading with Bitsgap is the process of buying and selling these unique tokens. Because they are not fungible, the price of an NFT can vary depending on its uniqueness and scarcity. NFTs are often used to represent collectibles or digital assets, such as video game characters or virtual land.

NFT trading is still a relatively new concept, but it is growing in popularity. There are already a number of platforms that allow users to buy and sell NFTs, including OpenSea and RareBits. As the market for NFTs continues to grow, we can expect to see more and more platforms emerge to meet the demand.

How can we Trade NFTs safely?

As the popularity of non-fungible tokens (NFTs) continues to grow, so does the need for a safe and secure way to trade them. In this article, we will explore some of the most popular methods for trading NFTs safely and securely.

One of the most common ways to trade NFTs is through an online marketplace. These marketplaces allow users to buy and sell NFTs using a variety of payment methods, including cryptocurrencies and fiat currencies. The most popular online marketplaces include OpenSea, Rare Bits, and EtherDelta.

Another popular way to trade NFTs is through decentralized exchanges (DEXs). DEXs are platforms that allow users to trade NFTs without the need for a third party. This makes them a more secure option than traditional, centralized exchanges. Some of the most popular DEXs include EtherDelta, IDEX, and Switcheo.

Finally, one of the safest ways to trade NFTs is through a peer-to-peer (P2P) network. P2P networks allow users to trade NFTs directly with each other, without the need for a third party. This eliminates the risk of theft or fraud. Some of the most popular P2P networks include OpenSea and Rare Bits. When trading NFTs, it is important to choose a platform that is safe and secure. The platforms mentioned above are all reliable and trustworthy. Be sure to do your research before choosing a platform to trade NFTs on, and always use caution when dealing with cryptocurrencies and other digital assets.

Benefits of Trading NFTs

As the popularity of blockchain technology and cryptocurrencies continues to grow, so does the interest in digital assets known as non-fungible tokens or NFTs. These unique tokens are held by individuals and can be used to represent anything from virtual goods to real estate. Here are some of the benefits of trading NFTs:

  1. Increased liquidity. One of the main advantages of trading NFTs is that they offer increased liquidity compared to other types of digital assets. This makes it easier for buyers and sellers to find a trade partner and complete a transaction quickly and efficiently.
  2. More options for buyers. Another benefit of NFTs is that they give buyers more choices when it comes to what they want to purchase. Since each NFT is unique, buyers can find one that meets their specific needs and desires.
  3. Greater security. One of the main concerns when it comes to digital assets is security. However, NFTs offer a higher level of security than other types of digital assets because they are stored on a blockchain. This makes it difficult for hackers to gain access to them and steal the funds or assets held within them.
  4. Increased value. Over time, NFTs have been shown to increase in value more than other types of digital assets. This makes them a good investment option for those looking to generate long-term returns.
  5. Easier to use. Another advantage of NFTs is that they are easier to use than other types of digital assets. This makes it simpler for buyers and sellers to complete transactions without having to deal with complex procedures or protocols.

As you can see, there are many benefits to trading NFTs. If you are interested in acquiring or selling these tokens, be sure to contact a trusted cryptocurrency exchange.

Conclusion

Digital assets such as non-fungible tokens offer a number of advantages over other types of digital assets. These unique tokens are held by individuals and can be used to represent anything from virtual goods to real estate. Here are some of the benefits of trading NFTs:

  1. Increased liquidity.
  2. More options for buyers.
  3. Greater security.
  4. Increased value.
  5. Easier to use.

If you are interested in acquiring or selling these tokens, be sure to contact a trusted cryptocurrency exchange.

How much should you be paying for digital marketing?

  • Written by James Lawrence


Founder of Sydney digital marketing agency gives the short and long answer 

 
“What will digital cost?” is one of the most common questions we get asked when talking about a new SEO, PPC, social or general digital marketing campaign. 

The short answer is, it depends. But whatever it is, you should expect a return.   

Any agency looking to price an effective, mutually beneficial engagement should carefully consider the following before putting forward a fee structure: 

  1. Your desired campaign outcomes and requirements  
  2. Position in the market 
  3. Competitors  
  4. Quality of your existing marketing assets 
  5. Expected time and money invested in the campaign, plus the return  

The long answer:  

The agency/client relationship only works if there's real value and tangible results generated for both parties. For this reason, most good agencies will take the scoping and pricing stage very seriously. 

Be wary of any agency willing to give you a price before they truly understand your desired campaign outcomes. A cookie-cutter price list will almost certainly result in a cookie-cutter solution. The old saying “you get for what you pay” stands true. This might result in a lot of campaign activity but will not always lead to your desired outcomes. 

Rocket typically goes through a four-stage process before delivering a proposal: budget discussions, a discovery session with the client, competitive research and strategy development. Digital marketing is a partnership between the agency and the client. Building trust, having transparency and setting expectations from the start are the ingredients to a successful relationship.  

You always get what you incentivise  

The best pricing model for you and your agency is the one that best incentivises the right people to focus on the outcomes you value. 

We see agencies charging by the hour, working for a percentage of media spend, paid on specific performance outcomes, paid by channel or working for a set monthly fee. Depending on the agency and what you want to achieve, there is a place for one or more of these approaches. None of them are inherently flawed. 
 
The overall pricing model is a critical thing to consider.  

However, it needs to be secondary to achieving the outcomes you need. Don't 'win' on the price negotiation only to 'lose' on the whole purpose of why your company needed an agency in the first place. We like to work with our clients not as a supplier, but rather as a strategic business partner.  

How Rocket works out our pricing for channel-specific campaigns:  
 

Google Ads typically start from $3.5k per month.  

This will then scale depending on media spend and complexity. Media management will generally be 9 to 19 percent of monthly ad spend depending on scale (only charged above a certain threshold). 

SEO typically starts from $3k per month. 
 
Paid Social typically starts from $3.5k per month, plus media fees.  

However, Facebook, LinkedIn or other paid social channels can be the hardest to price. An effective paid social campaign requires strategy, tracking, creative, media management and technical efficiency.  

Blended Marketing Campaigns typically start from $7.5k per month.   

One-off Marketing Projects are always quoted depending on complexity once we’ve created a clear scope of work.

Whether you’re looking to organize a new SEO, PPC, Paid Social, EDM or general digital marketing campaign, it’s important to acknowledge the costs in direct comparison with the outcomes produced from these services provided by digital marketing agencies. 
 

James Lawrence is the Co-Founder and Director of Sydney-based digital marketing agency, Rocket. 

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