NFTs have changed the world of digital art, and the cost of popular projects continues to grow. However, with millions of NFTs now live and more on the coming, how can you know which ones are worth your time to invest in NFT?
Should You Invest In NFT?
If you’ve heard of non-fungible tokens (NFTs), you may have considered investing in them. But what exactly does it mean to “invest in NFT”—? Before investing in any asset class, it’s a good idea to learn about it.
To begin with, “investing in NFTs” is a misconception, since NFTs are not an asset class in and of themselves. Non-fungible tokens (NFTs) utilize blockchain technology to digitally symbolize ownership, making an NFT more equivalent to a vehicle title than the automobile itself. Just as you wouldn’t purchase a vehicle just for the paper title, it’s not good to acquire an asset solely because it’s been tokenized into an NFT.
That is not to say that investing in tokenized assets is terrible. If you…