Post
Topic
Board Altcoin Discussion
Re: Is it wise to invest in nft art work?
by
illnino
on 05/08/2021, 07:34:51 UTC
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.

To my mind it is like a lottery to buy digital pictures and hope that you will be able to sell it for several million dollars. As works that were sold for such big sums of money are rather exceptions. Artists have interesting stories and caught the wave of hype, but don't expect that you will be lucky as well. The chances are very small. So you should invest only in things that you consider to have the future.