Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?
There are people who have lot of money to spend so they can buy or invest on something completely blind and if they don't get any returns they are not going to make them to suffer that kind of people are only investing on such things for their pride and publicity but in real who wants to make some money should choose their assets very cautiously and for long term.