Is it wise to invest in nft art work?

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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.

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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

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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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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.

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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.

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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

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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.

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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.

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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.

Ekyfitri

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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.

this all depends on the request. when more and more projects are in the NFT market but the demand is still small of course it will not get a good correlation.
however, if the demand continues to increase and the trading of NFT assets is getting busier. in the future, everything will be better than now.

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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.

Since it has such good potential, perhaps NFT deserves a higher rating. Because, a good work of art deserves to be valued with a high value even though he is a platform that can give birth to coins.
That's what I think my friend.

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Yes, in my opinion the NFT market is going to continue to boom. NFTs are going to become much more mainstream and they will be used for many things. Although right now ETH is the king of NFTs, I believe that this is slowly fading out. It’s to expensive for regular people to mint and it’s to costly for regular people to buy, so I think that NFT will really start taking off when they are moved off of ETH and made more mainstream on other platforms. I personally love using MINTBASE and Paras on NEAR. They are fast, cheap and simple. The community is also very supportive with marketing so it’s an overall great experience. I’m excited to see where NFTs go in the future because I think that they will continue to grow and an exponential rate.

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Quote from: Bagong91 on August 05, 2021, 02:48:56 AM

NFT very popular at the moment but personally I think that investing in nft may not necessarily have many reasons why I don't dare to invest in NFT, one of which is because I really don't understand judging an art and whether if I buy an NFT it will be worth it in the future.

So it is better to invest in bitcoin or altcoin, which has a bright future. We know that NFT is one of the trends coming up in the crypto and if that trend is ending, that will not be easy for NFT to survive because the new trend can dominate the crypto market like what happens to NFT. But I admitted that NFT gain more attention from the investors and I see many of them are making a profit from NFT. They know how to use NFT to make money and leave NFT before the trend ends as that can make it difficult for them to make money.

isaac_clarke22

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I haven't encountered any single NFT artwork just yet. Most of the NFTs that I encountered were mostly from games. It could be that there is this specific game item that people tend to buy with real life money and not just an in-game currency that mostly are bought through credit cards.

There is this one named Beeple that sold his painting for $69M. I am not sure if this is really worth the investment, but it is an amazing painting I must say.
[Beeple sold an NFT for $69 million] [TheVerge link]

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NFT very popular at the moment but personally I think that investing in nft may not necessarily have many reasons why I don't dare to invest in NFT, one of which is because I really don't understand judging an art and whether if I buy an NFT it will be worth it in the future.

RussianEnglishTranslation

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NFTs on Ethereum are overpriced, try buying on platforms other than opensea on different chains, like NEAR and Mintbase. You can find a lot of cool art there cheap and there is a bridge to Ethereum for NFTs if you want to sell them there later for some reason.

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NFT is a form of hype, some works sell for 6 digits, an exaggeration in the blockchain world for art. Lol, to me, NFT is a bubble but has a future. It will address the gaps that still exist in the art world. I have decided to invest in some NFTgames, I simply like them and I don't like other art genres like NFTmusic, NFT painting. The decision is for each person.

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Quote from: Johnyz on August 04, 2021, 07:17:09 PM

NFT is the trend right now but I don’t see the worth of an art because some are just way expensive so I’d rather to invest more on the NFT games that I see its worth and I can work on that to earn more money. You’ve to analyze if you think Art is worth your money before you invest and don’t invest if its just because of the hype.

I also support this one, NFT games are more active right now and those NFT artwork, only the lucky one will get a huge price for his artwork and for the record not all art was appreciated and being sold in the market, NFT art are quiet crowded already with a little demand.

NFT games is the real trend, there are so many new project and the old one was became active in the past days, they are joining the hype and if its a good Game, I believe its worth buying and playing.

yazher

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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.

Dread Pirate Roberts

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I don't know specifically what NFT artwork which platform you're talking about. which I can remind you is to invest wisely . and also doing research first. indeed NFT is currently popular but also you have to choose wisely and had to really sure about that, at the end its about your money and asset value . because not everything is worth it.

harizen

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Observed it and make a final analysis if it's really wise to invest in NFT artwork.

You can compare it when someone badly needs an item, maybe to collect stuff, and will do everything to get it. The same goes for NFT but in a digital form. The future price of it depends on availability and demand.

Take the example in Godzilla NFTs before on Wax. Lots of Godzilla fans purchase some limited collections, simple as that. But others ride the hype even they don't actually know who or what Godzilla is. They are having a hard time now selling it.

nurilham

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Nothing wrong to invest in NFT, but choose the best artworks only. There are too many NFT artworks right now, not all of them are the potential to survive and continue to develop. Just be careful to choose NFT artworks. I suggest buying the most popular and the top artworks, this way can avoid having NFT that may lose their values significantly in the future. You should be smart, not only wise. Wink

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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.

I'm not sure if this will just stay for long that is why I'd never had the interest to invest NFT tokens for now. What I did is to still observe the market trend. We know how devastating ends when the hypes are over, can't imagine what happens to the previous projects where they all gone after the hypes and that might be possible for the NFT's projects. I certainly don't rush, I simply put my money in a reserve position and wait when the surge is over coz that is the only way to find out if there is a potential or another useless project.

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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.

I wondered how to do this, because right now I foresee a good potential for art made by my cousin and maybe it will definitely gather good rewards of hardwork.
Hopefully, everyone who got the talent of art will surely become successful because of this nft art work. Can you share us here now the steps in getting ways how to join or even share talent using nft art?
On this idea I am confident that one day, NFT will soon reach the most profitable value.

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Quote from: Johnyz on August 04, 2021, 07:17:09 PM

NFT is the trend right now but I don’t see the worth of an art because some are just way expensive so I’d rather to invest more on the NFT games that I see its worth and I can work on that to earn more money. You’ve to analyze if you think Art is worth your money before you invest and don’t invest if its just because of the hype.

Maybe we're not just really into art if we don't see the worth of that art. I like arts and I don't know how valuable they are to the people that are buying it these days.
I like to see them how they're evaluated but I don't think that I'll buy one for myself. There are just the other things that we're prioritizing and NFT arts are not part of it.

Johnyz

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NFT is the trend right now but I don’t see the worth of an art because some are just way expensive so I’d rather to invest more on the NFT games that I see its worth and I can work on that to earn more money. You’ve to analyze if you think Art is worth your money before you invest and don’t invest if its just because of the hype.

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NFT is a new trend right now. It is likely another hype token type in the crypto world. However, NFT and games are more usable and have more utilities than others. If the NFT is really real use case crypto, it may survive a long time. But I am personally not interested in them getting for a long term. I will prefer to utilize them to get profit in the short term, not for the long term

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Quote from: Hobo66 on August 04, 2021, 03:59:22 AM

Nft trend is really amazing. I didn't understand the logic of NFT. People now showing great interest toward nft and even simple Images are sold on 50 ETH. I did not understand what will happen to this nft if no buyers there.

I think we are the same, honestly after reading several thread about NFTs I still don't get why most of them are damn too expensive, I got to see a bot account on twitter that always makes a post when ever someone buy a cryptopunk and to my greatest surprise non of those cryptopunks were sold below 100 Shocked

, I saw one cryptopunk NFT been sold for over $800k+, I'm still in shocked at how somehow can spend $800k+ on an NFT, I think the NFT hype is just getting started.

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Quote from: Hobo66 on August 04, 2021, 03:59:22 AM

Nft trend is really amazing. I didn't understand the logic of NFT. People now showing great interest toward nft and even simple Images are sold on 50 ETH. I did not understand what will happen to this nft if no buyers there.

I don't know why and I am skeptical about the whole hype about artistic work that everyone are heavily investing on, perhaps because I'm a black man who don't value art work. Only the white value this fine art though its very few but how they threw lots of Ethereum to purchase them surprise me a lot.
NFT has been on trend since earlier this year, if it's something that may not last long, it will be long forgotten but still, they are been shilled here and there.

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Quote from: oemar bakrie on August 04, 2021, 06:48:04 AM

not all will be successful, because only some can be successful if it is an art project that has high potential..
will not be able to exceed like bitcoin or altcoin..

The very new ones certainly won't be able to surpass the already popular Bitcoin and Altcoins, because they are struggling to always stay in crypto, while Bitcoin with some of the more popular Altcoins is throwing away the development of new ones for themselves to make them look better.

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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.

It's like any other market really. NETS have made a lot of people a lot of money but then there are those that paid high and are stuck with an unsellable asset. Buy at your own risk. For my owning an internet picture sounds worthless to me, but that's just me. Think this is just a fad.

Silberman

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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.

You are answering your own question and the answer is a clear no, are we going to see a bunch of NFT art being valuable over the next years? I think the answer is yes, however is the majority of that art going to be completely useless and will have no value during the next months or years? And the answer to that is also yes and it is almost impossible to try to predict which piece of art is going to be valuable and which will not so the majority of those that are investing in this market are just wasting their money.

huu78

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There may be some points that make them so valuable. Nft here is digital art, it's the same as art in the real world they don't have a selling price, they sell a work of art with an auction system. it's really confusing they pay for an item without a base price.

Gayong88

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It looks like it will be like that but for 100% to happen everything has a process and time and if I'm not mistaken Messi also enters the world of NFT Crypto https://prnt.sc/1j3kdbb

KennyR

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Investing into NFT is going on as a big trend of the cryptocurrency at present. With that we need to be very careful choosing the NFT for investment. For people who doesn't have a better understanding about the NFT it is like a wild gamble. You invest on an unique art and you might not profit big, but a cheap NFT could get you big reward.

cricketkhampion

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I think yes because NFT) is going famous very fast so I think it is wise but first, you should research that NFT is real or fake because NFT can be fake so be careful NFT may not be as reliable as you think 8

Sterbens

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And don't forget that not all NFT end up with good prices, they all have the characteristics and uniqueness of the NFT. Because NFT is made not only as a work of art. Where the value contained is also the most important point. Then what you notice from NFT is how many artworks were released, is it supply, or the artworks made can't be reproduced? Even though it is scattered,
only the people who buy it have a legal ownership license, then pay attention to the aesthetics. It is contained in all the rules and characteristics that must exist in the NFT.

Rocky993

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At present there is so much hype about NFT but in the next case NFT will have no value Because in the next case, the NFT collection will increase so much that it will not be of any importance to anyone

uneng

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In my opinion it's not a good investment because as you said, it's overvalued. I prefer to invest in practical things that actually have a real function in life, so the value of the item can be easily explained and understood. Digital art pieces in NFT format opens large margins to pure speculation, what is very dangerous for investors.
What makes a masterpiece a real masterpiece is its originality and uniqueness which so far I haven't found in virtual art works. Modern artists appeal to common elements of the daily life to represent their works and sell it for thousands or millions of dollars. It doesn't make sense at all if you exclude the money laundering possibility.

Snappycoco

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For now I believe it is but not to hold up until next year. NFT artworks is now a trend and as a trend, more and more people are into it now which makes the price overvalued. When it reached its peaked, it will slowly be fading away. So yeah, I believe its good to within a year but not more than.

asriloni

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Yes it's wise as long as you can understand how the value on the art work. It's not all of the artwork really valuable at this moment. The only rare art that will always be bought by the big players.
You can also try to see that on some news sites if limited art will have a good chance to increase on its price compared with the common art.
It's worth as long as you can understand about how to make your investment became worthless

michellee

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Wise or not only you will know as you need to observe by yourself and not depend on others opinion. Some people can say it is wise to invest in the NFT project, but others will not say the same. But for me, I prefer to invest in bitcoin, which can give a profit in the future. Besides that, we do not know if the NFT project can stay and survive for a long time because who knows, after the trend ends, there will be a new trend that will replace NFT. Cryptocurrencies are growing more than now, so I am sure that the new thing will develop and be invented later.

tyz

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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.

As always, it depends on what NFT artwork you invest in. If it's uniquely good artwork, then it may well be worth investing in today and get a good price development in the future. However, most offers are currently in my opinion bad and totally overpriced by the hype. That is why I do not see the vast majority as a good investment.

lablab03

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Nft is really trending nowadays, maybe it's good idea to make investment to have good return. As the matter of fact those nft games really explode and alot of people who invest money even the price is so high they really made good profits from it. How much more with artwork? Seems so easy IMO, but of course we need to pick which author is popular or good with artwork so that we can assure it's worth it after all..

tvplus006

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Quote from: oemar bakrie on August 04, 2021, 06:48:04 AM

not all will be successful, because only some can be successful if it is an art project that has high potential..
will not be able to exceed like bitcoin or altcoin..

Investing in a work of art is NFT only if it is really a work of art, and not a painting by an unknown author, issued by thousands of copies. I can't even imagine how much an NFT can cost, which will be based on a Banksy drawing, which will be released in one copy. And currently, the market is full of cheap NFTs that are not of artistic value.

cheezcarls

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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.

Investing into NFT artwork is like you are buying a piece of art but digitally encrypted on the blockchain. However for the long-term in my opinion, I would rather invest in an NFT with special use cases such as Axie Infinity, Cryptoblades, Splinterlands, Trade Race Manager, etc.

If you are deciding to invest in a piece of artwork and hopefully flip it for profit later on, just decide at your own risk. Only invest what you can afford to lose and DYOR as much as possible.

flyeers309

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Actually I'm an art fan but I still don't really understand NFT because I often see some NFTs being sold at very expensive prices. It's true that the value of each work will be very different from one another, but for now I still have no intention of buying it, if someone gives an airdrop for free, I will usually claim it

danherbias07

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I guess this proves I am not really into art. Grin

I only like NFT games and investing with them using my own time and effort to make it grow too or use those NFT's for ease in-game. But, when it comes to arts and bidding on it, I have no idea about it or is it just because I don't have any interest.
I have once saw bids grow with an amount no one expects and I think most of us got that news in social media and even mainstream medias.
Once upon a time I had interest with NBA cards and now they selling it as NFT but it's different when it's a physical card collectibles.

oemar bakrie

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not all will be successful, because only some can be successful if it is an art project that has high potential..
will not be able to exceed like bitcoin or altcoin..

dudusix9

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I don't see a future of NFT in artwork, how come the most being SOLD NFT are memes and very low-class art, a lot of good artists are putting in so much effort and time but only a few people appreciate their art, but I see that NFT will be the future of games. NFT games are the next-level gaming, and everyone doesn't want to miss out. A lot of good projects are coming out where you can purchase, play to earn, stake NFTs and compete in the Future of Defi Based Gaming

I'm excited about the future of gaming.

Jackl87

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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.

NFT is really the number 1 trend withing cryptos right now, but that also means that a lot of people are trying to ride that hype wave and just want to make some quick bucks with that with putting only minimum effort into it. I only invested into some crypto projects that are about NFT trading and creation and so on but i did not look into buying NFT artwork yet. I got some NFT cards as an airdrop though but i never did anything with them so far so they are still in my wallet. If you want to buy NFT artwork i think you have 2 choices.. the first would be to buy a piece of a well known artist but that will probably be pretty expensive but of course the price for that piece could still increase heavily in the future or you buy art from unknown artists but there it is very much possible that those will become worthless in the future.

Teraboy

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NFt artwork was a good thing but the artwork that can be used as investment should be have limitation on its artwork. Did you see the crypto punk? some crypto punks already bought for a few millions USD.
That means the value of art was always there but remember if this can't happen with the whole of NFT artwork.
Only the rare NFT that will be very valuable in the future

passwordnow

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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.

They really are, those expensive NFT artworks? they're really overvalued but I think there's really value with those in the future but we don't know and we can't determine. Although the favor is with the art maker and those digital prints that they create have been valued nicely on their end.
And for the buyers of those arts, if they sees the value on it, they won't care even it is quite expensive and seems to be overvalued for the perspective of other people.

Oshosondy

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Quote from: Hobo66 on August 04, 2021, 03:59:22 AM

Nft trend is really amazing. I didn't understand the logic of NFT. People now showing great interest toward nft and even simple Images are sold on 50 ETH. I did not understand what will happen to this nft if no buyers there.

NFTs are non fungible tokens, they are just like coins, if the demand increase the price of the token will also be increasing, if the demand decrease, the price of the token will also be decreasing. In nfts, if their is no buyer, the token will be useless and has no worth or value.

Quote from: fileo on August 04, 2021, 04:26:04 AM

I don't think all NFT art work will have a bright future. The card or artwork should have a unique purpose or use case in NFT market. Without any impressive use case I don't know if there's a bright future on it. For example play to earn now is NFT at the same time the character has a unique purpose and gen. A simple artwork without purpose is not attractive. I won't buy.

Maybe, but I do not think it will not have bright future, what is the purpose of paintings, people like painting and like to buy it, also some people will like digital art works and will want to buy it to claim the owner of the token associated to it, that is just how it works, people can go for even irrelevant thing and make it has value.

fileo

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I don't think all NFT art work will have a bright future. The card or artwork should have a unique purpose or use case in NFT market. Without any impressive use case I don't know if there's a bright future on it. For example play to earn now is NFT at the same time the character has a unique purpose and gen. A simple artwork without purpose is not attractive. I won't buy.

Hobo66

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Nft trend is really amazing. I didn't understand the logic of NFT. People now showing great interest toward nft and even simple Images are sold on 50 ETH. I did not understand what will happen to this nft if no buyers there.

Vickylalaland

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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.

Topic: Is it wise to invest in nft art work? (Read 593 times)