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.
NFT is really the number 1 trend withing cryptos right now, but that also means that a lot of people are trying to ride that hype wave and just want to make some quick bucks with that with putting only minimum effort into it. I only invested into some crypto projects that are about NFT trading and creation and so on but i did not look into buying NFT artwork yet. I got some NFT cards as an airdrop though but i never did anything with them so far so they are still in my wallet. If you want to buy NFT artwork i think you have 2 choices.. the first would be to buy a piece of a well known artist but that will probably be pretty expensive but of course the price for that piece could still increase heavily in the future or you buy art from unknown artists but there it is very much possible that those will become worthless in the future.