Is it wise to invest in nft art work?

[Vickylalaland]

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.

[Hobo66]

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.

[fileo]

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.

[Oshosondy]

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.

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.

[passwordnow]

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.

[Teraboy]

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

[Jackl87]

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.

[dudusix9]

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.

[oemar bakrie]

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..

[danherbias07]

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

[flyeers309]

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

[cheezcarls]

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.

[tvplus006]

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.

[lablab03]

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..

[tyz]

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.

[michellee]

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.

[asriloni]

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

[Snappycoco]

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.

[uneng]

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.

[Rocky993]

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