Is it wise to invest in nft art work?

3la9l_kolbaCa

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Quote from: Vickylalaland on August 04, 2021, 03:03:43 AM

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.

This is getting more closer to success right now, many individuals developed strong confidence to this project on NFT artwork. Basically this investment was all worth it for many artist who can show their best potential because there was this project who can provide them all those potentials. Hopefully this continue to grow and became huge community just like other rising projects related to cryptocurrency.

royalfestus

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Quote from: fia_naila on August 08, 2021, 09:08:42 AM

Quote from: Vickylalaland on August 04, 2021, 03:03:43 AM

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.

If you want to invest in NFTs art, just invest in well known artist and dont risk your money to buy unknown artist. But i suggest you better invest in Gaming NFTs, Gaming NFTs which have play to earn concept like Axie at axie infinity or Land at Vulcan forged project.

I will recommend the Vulcan forge project also, Game NFT is a strong use case rewarded

fia_naila

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Quote from: Vickylalaland on August 04, 2021, 03:03:43 AM

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.

If you want to invest in NFTs art, just invest in well known artist and dont risk your money to buy unknown artist. But i suggest you better invest in Gaming NFTs, Gaming NFTs which have play to earn concept like Axie at axie infinity or Land at Vulcan forged project.

wack slacker

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I suppose only really impressive works will succeed. There are many NFT works but they are not always expensive, only a few are sold strongly. I believe anyone can create valuable NFT works, as long as they have a great idea. We've seen Cryptopunks or NFTs of masks and other things.Currently the game NFT play to earn is also a nice trend

pieppiep

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if you want to invest in an NFT project in my opinion you should be able to reconsider because this NFT project cannot provide a guarantee that can provide a profit, NFT has a very high risk so you have to be careful when you want to do that, it's better to invest in bitcoin or altcoin that has potential.

makishart

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Quote from: Jaered on August 07, 2021, 05:09:08 PM

I think you are making an unfair judgment, using one example to apply to all NFTs.

Agreed but it's also depend on the how rare the item. A good artist combined with the limited rare item means more valuable in the future but i do believe there will be lots of people in competition to get it especially for the whale. NFT art was good but it's only for limited item dude.

samcrypto

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Quote from: ?? on ??

I think it the right choice because nft has been around since 2018 and it's booming this year but it's not the hype that will go away when it's over so the nft market will still exist even if the hype has decreased or is going down.

That's cool, and if I may ask, what NFTs are there in 2018? because what I remember in that year was a market correction of a very large size in the history of cryptocurrencies, so that new things were no longer in demand at that time.

NFT has been here for years but they are not fully appreciated by that time because of the market conditions, and now they are on demand and some NFT Art was sold on a crazy prize. I don’t think holding NFT art can guarantee you a profit in the future, anyone can have that art and you don’t really have the sole ownership to that not unless there’s a specific restriction. NFT games are also ok right now, this can be your next best option, look for Dpet and Axie now.

Rengga Jati

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If you can find out certain NFT that will work for long-term projects, it may be worth it.
However, if you can't, maybe you need to make it a short-term investment.
Right now, we can really find many new popular NFT games coins or tokens. And they are very increasing right now.
Many trusted platforms also offer NFT projects with good promises and also plans. But once more, just do your own research, not only get by hype and FOMO. But really know that the NFT is very worthy, know when to buy and also when to sell because there is sometimes a gold moment to take profits. once time.

Silberman

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Quote from: harizen on August 07, 2021, 07:51:01 PM

Quote from: pieppiep on August 07, 2021, 07:30:10 PM

if you want to invest in an NFT project in my opinion you should be able to reconsider because this NFT project cannot provide a guarantee that can provide a profit, NFT has a very high risk so you have to be careful when you want to do that, it's better to invest in bitcoin or altcoin that has potential.

In terms of NFT artwork, those who will consider investing in it, also accept the fact that it not might be sold.

The reason is, most of this stuffs is for collection purposes only the same as how people collecting their physical favorites. For example, the Coca-Cola NFT edition, for sure it will be bought by those Coca-Cola fanatics but I don't know if there's a chance that it can be sell again in the future.

OP should look instead at those NFT games rather than this digital artwork to somehow expect a good return. DYOR is the key.

In the case of Coca-Cola stuff it will surely sell because there are huge fanatics of Coca-Cola that will buy anything that has the logo in it and something like this will be very innovative and they will without a doubt do the best that they can in order to get it, but when it comes to the works of unknown artists you are basically gambling that at some point in the future they are going to become popular enough for that work to eventually become valuable and be sought by collectors, and there is no guarantee that will happen.

beveryu778

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I think it will succeed one day but a matter of a lot of time it may gradually succeed.
It takes a lot of support to be successful, if any, then I think it will be successful one day

CaVO32

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Quote from: harizen on August 07, 2021, 07:51:01 PM

Quote from: pieppiep on August 07, 2021, 07:30:10 PM

if you want to invest in an NFT project in my opinion you should be able to reconsider because this NFT project cannot provide a guarantee that can provide a profit, NFT has a very high risk so you have to be careful when you want to do that, it's better to invest in bitcoin or altcoin that has potential.

In terms of NFT artwork, those who will consider investing in it, also accept the fact that it not might be sold.

The reason is, most of this stuffs is for collection purposes only the same as how people collecting their physical favorites. For example, the Coca-Cola NFT edition, for sure it will be bought by those Coca-Cola fanatics but I don't know if there's a chance that it can be sell again in the future.

OP should look instead at those NFT games rather than this digital artwork to somehow expect a good return. DYOR is the key.

People should know that NFT artwork, especially those expensive ones can't be sold in the market easy (if in case you decide to sell it). It is like art collection, not many people can afford to buy one. So if you venture into NFT market, assess your objectives here. What are your goals why you are exploring this market? Also, evaluate if in the future, once you sell it, it will really fetch a good price? So once you bought it, don't expect that you will get the same amount of investments or higher than the price you bought it, because it is hard to know its future value.

harizen

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Quote from: pieppiep on August 07, 2021, 07:30:10 PM

if you want to invest in an NFT project in my opinion you should be able to reconsider because this NFT project cannot provide a guarantee that can provide a profit, NFT has a very high risk so you have to be careful when you want to do that, it's better to invest in bitcoin or altcoin that has potential.

In terms of NFT artwork, those who will consider investing in it, also accept the fact that it not might be sold.

The reason is, most of this stuffs is for collection purposes only the same as how people collecting their physical favorites. For example, the Coca-Cola NFT edition, for sure it will be bought by those Coca-Cola fanatics but I don't know if there's a chance that it can be sell again in the future.

OP should look instead at those NFT games rather than this digital artwork to somehow expect a good return. DYOR is the key.

TelolettOm

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It will be wise to invest in NFT artwork if we really know about NFT artwork, invest an amount that we can afford to lose, and also invest based on our own research, not because of hype or joining people who buy those NFTs.
So far, NFT and games are very popular. Many tokens with these are rising up every day with high pumps and until now, the rising is still ongoing.
Many NFT artworks are also very popular and the price keeps increasing. SO, as long as we can see the potential NFT with promising value, I think it will be good for us.

Jaered

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I think you are making an unfair judgment, using one example to apply to all NFTs. Some artworks are better than others. Same goes for NFTs, some are better than others, depending on the artist, blockchain etc

Silberman

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Quote from: yazher on August 04, 2021, 08:24:59 PM

To be honest I never heard of NFT artwork before and how it will provide you exclusive ownership since it is a digital property and it's not some physical thing where you can check whether it's fake or not. Which project are you talking about? do you mind sharing it with us here? I've come across NFT items on online games but not some art works. Maybe it will highlight us when we read more about it.

Some of the most expensive NFTs have been works of art that have been sold for millions of dollars, and because of that many people have been creating all kind of art works and they have been trying to sell them, and to my surprise they have been successful, however I do not really think that people are going to want to buy those things in the future, because as we know it doesn't really give you exclusive rights to the art work and without that you don't really own it.

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Why not, if it can be profitable with what you invest. As should NFT, which is currently booming, we only need to do research first whether the NFT is prolonged and will give you benefits in the future or not.

Assessing NFT artwork is not as easy as one might think, I mean if you look at it based on facts (objective opinion) it is very difficult, but based on your own opinion (subjective opinion) it doesn't matter, it's just that the risk is to buy too expensive.
The question is, if OP is not an artwork enthusiast, why he should buy NFT artwork? This is a simple question that should be answered by everyone who wants to buy NFT artwork. My suggestion to OP, it's better for OP to buy an NFT game, it's better than artwork, because NFT games are easier to measure in value and also their usefulness is clear.

molsewid

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Why not, if it can be profitable with what you invest. As should NFT, which is currently booming, we only need to do research first whether the NFT is prolonged and will give you benefits in the future or not. Because NFT is currently more of a type of art by creative hands, then you as an investor only need to be creative in choosing and sorting from each NFT offered.

NFT is now one of the most use cases of new projects in the market. I am not that really patience enough to take a look every new project that caught me but whenever I had a chance to read their white paper and also having some research many projects that I've research so far is featuring this NFT. NFT can be in art, music or in game but nowadays the most known NFT is in game. It is now the newest trend that every investor were keeping an eye on.

odukoyaewatomi27

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The unique thing about NFT is that it has the ability to retain its value in the cryptocurrency market and it can easily be liquidated in most NFT marketplaces.
NFTs are unique indivisible and their value is backed and verifiable on the blockchain. NFT is not only limited artworks and it also applies to liquidity provided on NFT marketplaces and decentralized exchanges

Anonymous100

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Quote from: Vickylalaland on August 04, 2021, 03:03:43 AM

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.

If indeed this work of art can be made very easily by people, then the steps they take are very inappropriate, especially at such a high price, this is not a good solution in my opinion.

NFT is a new project in this field that they are starting, many people are starting to look at them to invest, but the issue of price is also an important note for them to fix, if people don't want the artwork to be abandoned.

TastyChillySauce00

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I'm not very good at art but I know what is beautiful.
I believe that if you want to invest in the market and you do not have sufficient competence then you better do not do it.
The nft market, as for me, is very overheated and the value of nft in the future will not be as great as it is now.

NFT that will still keep its value will be NFT that used in a game, maybe NFT art will not as booming as it is right now in the future but
the NFT games will still have value because the game is being updated with more features unlike NFT art where its just being left by the seller after it got sold. take that into consideration.

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