NFT Art: Is it a Smart Investment?

 

Most likely not.

Within the international crypto markets, NFTs are a brand-new, extremely risky asset class. You can gain a lot of money investing in NFTs, but you can also lose a lot of money, as the 2021 hoopla and the 2022 fall in the NFT market have demonstrated.

So, if you're looking at NFT art, you might want to buy NFTs that have special importance for you or to support an artist you like. However, most likely only at a price that makes sense to you.

 Approach NFT art investments the same way you would any other type of traditional investment. Do not make an investment in NFT arts because a buddy is making one or out of FOMO. Instead, before going on an NFT art buying frenzy, do your own homework and understand the hazards.