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Buying NFT Without Using Cryptocurrencies
NFT is Becoming More Accessible to the Non-Tech Savvy Public
For a non-tech savvy person, NFT is the easiest and most relatable means to get involved in Web 3.0. Although the entire procedure is not too complicated, NFT and cryptocurrency activities are still limited to crypto-native population. According to a market research, while 80% have a credit card or debit card, only 2% of Americans are estimated to have digital wallets.
So what if NFTs can be purchased via cash/credit card/existing payment method? Then wouldn’t NFT’s addressable market/audience become 40-fold larger? If NFT are to become more successful in further proliferating creator economy and empowering creators and digital artists, there needs to be a more accessible and familiar way for the general population to purchase NFTs.
“One of the barriers of NFT investing is the learning curve associated with that first purchase.” — Anonymous —
Status Quo — How to Buy NFTs
If one were to buy an NFT, that person would have to follow the below steps:
