NFT market is booming recently, many people are investing more and more in NFT art work.
But I think the potential of these art work might be overvalued.
Take an example, I've just participated in an NFT art work value prediction on X Predict market.
Most people estimated the final bid value will be more than 150 busdt, but actually it reminds at 77 budst.
I think it's a sign that most nft art work is overvalued.
It's so easy to make nft art work now, the value of the work itself depends on it's art value after all, nft didn't really add anything on art itself.
They really are, those expensive NFT artworks? they're really overvalued but I think there's really value with those in the future but we don't know and we can't determine. Although the favor is with the art maker and those digital prints that they create have been valued nicely on their end.
And for the buyers of those arts, if they sees the value on it, they won't care even it is quite expensive and seems to be overvalued for the perspective of other people.