NFTS in my opinion is a profitable business model for developers but for traders it will not be able to provide much profit because not all platforms can accept payments using NFTS, NFTS is more used for collection so it doesn't have a high demand so I think be careful when you want put your money in such a platform model.
That absolutely we need to be cautious in putting our money for investment. NFT's aren't yet proven that it works great and profitable, maybe a short-term deal will work but aiming for a long-term investment, can be risky. I'd to steep away from new projects just like NFT, Defi, but of course, we can't just close our door if there is worth investing in. It should be more on the market analytic strategy and we don't need to rush because someone might be playing tricks on us and we might get caught with their traps.
