In recent years, a trend known as NFTs, or non-fungible tokens have taken the art scene by storm. The market has seen explosive growth in 2021 with celebrities like Tom Brady, Snoop Dogg and Grimes jumping into the market. In October, Sotheby’s and Coinbase also announced their intentions in launching their own NFT specific marketplaces. But NFT’s astonishing success has also led to deep skepticism. So just how do non-fungible tokens work and is it an asset worth investing in?
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Can You Make Money From NFTs?
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Can You Make Money From NFTs?
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Francisco Gimeno - BC Analyst Are NFTs a real business opportunity or mere speculation? Are sceptics right about NFTs being just a speculative model copying gamers´ markets where one can buy, sell and trade game items in a digital market? What is a real NFT and what's just a speculative item? This NFT world is just starting and that's why we can see all the god and bad there, from scammers to real works of art, expression and innovation. Those who go there to speculate will probably lose everything. Those who use time, energies and knowledge to become connoisseurs will profit, not just on financial terms, but on a mental and even spiritual level, as owning a real world work of art.