Investing in NFTs is quite easy. In this section, I shall explain how to invest in NFTs. Though this doesn't include any practical approach, you will understand.

There are several means to invest in NFTs. One of which is to buy directly from a company that produces the particular NFT of ones choice. One of such company is DraftKings. After contacting them, one pays for the chosen NFT with credit card. After payment has successfully been completed, they will hold the collectible for the person in a custodial wallet for the person and let the person have the keys. In the future, when the person wants to sell, one can sell in their marketplace.

On the other hand, if one wants to invest in a digital market place where one can solely do the buying, cryptocurrencies can only be used to buy. This should be the cryptocurrency of the blockchain on which the NFT to be bough is traded. To do this, the following steps can be followed.

• Go to the marketplace of your choice, example OpenSea.
• After the transfer of the needed ETH to the wallet (Metamask) to be used, connect the wallet to OpenSea through a browser extension.
• Locate and select the NFT to be bought
• Payment can now be made through the wallet which was connected.

I have stated above two ways investments avdb be made on NFTs NFTs. One is to buy from a company that produces it and another is to get it from a marketplace.

How to create a new NFT and is it possible to have an NFT stolen? And why use a distributed file system like IPFS in this area?

NFTs market is moving quite well in the cryptocurrency market. An NFT can fetch huge some of money if it presents appealing benefits. This is why some companies have decided not only to trade them but also make them.
The steps below can be followed to make NFTs.

Step 1: Choose the item you wish to turn into NFT.
This can be a picture, an artwork, a music or a short video clip. You should be the rightful owner of the chosen item. You should make sure it is unique and rare. This is where it gets its value.

Step 2: Select the blockchain to be used.
This can be Ethereum, Binance Smart Chain, Polkadot, Cosmos or Tezos blockchain.

Step 3: Download, install and set up a digital wallet.
This can be Trustwallet, Metamask or any other wallet you wish. Just make sure the wallets supports the blockchain already chosen.

Step 4: Choose a marketplace for NFT.
The marketplace you choose should be the one that supports the blockchain and wallet already chosen. NFT marketplace can be OpenSea, Rarible or Mintable depending to previous selections in the creation process. After choosing the marketplace to create the NFT, connect the wallet to it. Ensure you have transferred the cryptocurrency required to mint the NFT into the wallet.

Step 5: Upload the file.
Follow the steps provided by the NFT marketplace chosen to upload the items. This will allow for the digital file to be changed from JP PNG, GIF or MP3 into NFT that can be traded.

To make this easier, after getting the item to be turned into NFT and also with the wallet set up, one can directly go to OpenSea site and click on Create your NFT. Follow the prompts and create the NFT.

Yes, it is very possible to have an NFT stolen. NFT can be stolen if an internet fraudster finds his way to one's wallet or the owner sends the security details of the wallet to the fraudster. However, without being careless about the security details of one's wallet, it is much difficult for NFT to be stolen. Just like the scams that have been in the cryptocurrency space, NFTs are stolen by scammers using deceptive methods or exploiting the lose security of an NFT wallet. NFTs are digital, and therefore are not carried about but scammers get their way to steal them in wallets where they are kept.

IPFS means InterPlanetary File System. In the blockchain space, this is asystem of storing files or contents on many devices called nodes. The files are distributed across different nodes so that their tracking can be make easier. If one of the devices or nodes an information is contained in hacked, it can easily be traced and retrieved.
Therefore the use of IPFS in the NFT space is to secure the wallets of holders in the even that scammers find their way into any wallet.

How are NFTs used in art, video games and collectible card games? And how are NFTs revolutionizing property titles?

In the days of old, lovers of artworks buy them to keep and later sell. It was an investment for them as they didn't only buy them for the love of arts. When the prices of the artworks they have in their possession goes up, they put them up for sale in order to make profit.

The same thing goes for the NFT artworks in the NFT digital market. The demand and supply for digital arts is on the increase everyday and this have led to many number of marketplaces or galeries which have accepted the trading of NFT artworks. Some marketplaces also give interested traders the opportunity to create artworks just to increase the digital arts-NFT marketplace.

Also, NFTs are used in video games to earn. Instead of just playing for fun, people can earn a lot of money playing video games on the NFT market place. This gamed have been monetized by the marketplaces where they can be played. So for one to play, one has to have assets (tokens) in the wallet. When one loses, one lose part of the assets and when one wins, one wins assets attached to the game that have been played. For the video games, in some occasions players will have to buy the game which comprises a team of three Axies costing about $150 to be the rightful owner of it. Example of such games is Axie Infinity. Players who have become experts and have earned reasonable amounts of Axie Infinity token can lend out there tokens to new users and share the profit they make. This is the way NFTs are used in video games.

Furthermore, NFTs are used in collectibles card games just as it is done on video games. Here, as a player plays the game, the developer, investor and even the player wins. It is a win win situation for all the parties. For players to play, they buy the cards for the game. This helps them to access the game and play between each other. They earn points while they play. This they can use to buy another card to play again or convert to NFT and sell. Examples of collectibles are LegendsOfCrypto Mythereum and Gods Unchained.

How are NFTs regulated? And what are the solutions to the limits of NFT development?

The lack of regulation currently surrounding NFTs implies that people who develop, invest in, or trade in them have little to no legal protection. It is important to keep in mind that not all online marketplaces for buying and selling NFTs do so. Because anybody may access the digital market and claim to be the creator of the digital asset for sale, platforms have difficulty determining whether the seller is the original creator of the artwork.

The concerns persist even though some platforms have started to use AI algorithms to search public blockchains and NFT platforms for similar examples of artwork so that the artists can be informed of any questionable similarities.

The solutions to the limit of NFT development which is lack of regulation is not any general. There is no general solution to the lack of regulations associated with NFTs in their marketplaces. This calls for everyone to be security conscious for their personally created NFTs or investments. Because of the lack of regulation one has to be careful because scammers are in every NFTs marketplace. Additionally, sellers and investors should know that there are fake platforms created by scammers to defraud people of their assets.

CONCLUSION

This is the most tasking work I have done in a long while on this platform. At first I thought it was beyond my power but after doing researches, I could write these much. I am happy to have completed this task. I hope that some one out there draws inspiration from this I have done to write and be part of this contest. Thank you for reading.