Nft's or The Future!

Some say they’re a bubble poised to pop, like the dotcom craze. Others believe NFTs are here to stay, and that they will change investing forever.

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.

Anyone can view the individual images—or even the entire collage of images online for free. So why are people willing to spend millions on something they could easily screenshot or download? Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.

How are NFT's created?

An NFT is created, or minted from digital objects that represent both tangible and intangible items, including:

🎨 Art
🎭 GIFs
🎬 Videos and sports highlights
🐰 Collectibles
🎮 Virtual avatars and video game skins
🎼 Music

Are they worth the money?

“NFT's are risky because their future is uncertain, and we don’t yet have a lot of history to judge their performance,” . “Since NFTs are so new, it may be worth investing small amounts to try it out for now.”

In other words, investing in NFTs is a largely personal decision. If you have money to spare, it may be worth considering, especially if a piece holds meaning for you.

But keep in mind, an NFT’s value is based entirely on what someone else is willing to pay for it. Therefore, demand will drive the price rather than fundamental, technical or economic indicators, which typically influence stock prices and at least generally form the basis for investor demand.

All this means, an NFT may resale for less than you paid for it. Or you may not be able to resell it at all if no one wants it. That said, approach NFTs just like you would any investment: Do your research, understand the risks—including that you might lose all of your investing dollars—and if you decide to take the plunge, proceed with a healthy dose of caution.
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