Is it wise to invest in nft art work?

[DOH!]

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.

[RussianEnglishTranslation]

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.

[Bagong91]

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.

[isaac_clarke22]

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]

[michellee]

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.

[MSN02]

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.

[thesosorr]

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.

[Ekyfitri]

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.

[TastyChillySauce00]

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.

[Anonymous100]

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.

[odukoyaewatomi27]

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

[molsewid]

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.

[btc-facebook]

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.

[Silberman]

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.

[Jaered]

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

[TelolettOm]

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.

[harizen]

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.

[CaVO32]

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.

[beveryu778]

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

[Silberman]

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.