NFTs are non-fungible tokens. Fungibility refers to assets of the same kind that can be traded interchangeably
Bitcoins, for example, are fungible, because users can trade one Bitcoin for another and it will be the exact same asset.
Because of this distinct characteristic, NFTs are represented as unique information on a blockchain
ensuring integrity of digital ownership
This record of original ownership cannot be changed, since its existence is time-stamped on the blockchain
Aside from art, this can be anything from intellectual rights to a title of ownership to an asset.
The traditional principle of investing, buy low and sell high, also applies for NFTs
They have a market value that's driven purely by what the crypto community is willing to pay for them.
investors can think about NFTs as a commodity-like asset similar to silver, gold and art
You have to find NFTs that align with what your portfolio growth (strategy) is, just like any other investment
An NFT can be a legitimate investment if investors understand what the NFT is being used for
"The life span of the use case ... is the life span of that utility."
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