Are NFTs a Bubble or An Investment?
Digital art originated in the 1950s, when computer-assisted works were created. Since then many things have changed, digital art is an ever-growing market and is increasingly in demand by every sector of the industry. And for the past few years there has been talk of NFT. NFTs, non-fungible tokens, are unique and valuable digital assets. Through the purchase of these tokens (which can be artwork, music, or images), ownership belongs to a single person, thanks to the blockchain’s cryptographic system. Born in 2017, they broke out earlier this year and anyone can put their artwork up for sale and have someone buy it as a collector’s item. Becoming, in fact, its rightful owner. We talked about NFTs here.
The NFT fad broke out a few months ago when works by the artist Beeple were purchased for $69 million and prices skyrocketed. Those who buy do so in order to resell at a higher price and there are always those who are willing to buy a particular work, which over time acquires more and more rarity. An aura of euphoria is inherent in NFTs and as long as people continue to buy them, they will live on. Most likely the fate of the art world will change, because artists are more interested in producing works that will be bought at auction at exorbitant prices and the ownership will pass to a third party. At the same time, modern and old-fashioned art collecting is created. Not only that, the price of Etheurum (the currency with which NFTs are purchased) continues to increase and, consequently, the price of the work itself increases. These digital assets allow artists to create limited editions with a few unique pieces. Although anyone can download the work, it is the few who own the right to it. So investing in NFTs is serious business, it’s not about a quick and easy way to make money, it’s about looking to the future of art and collecting. These digital assets allow artists to create limited editions with a few unique pieces. Although anyone can download the work, it is the few who own the right to it. So investing in NFTs is serious business, it’s not just a quick and easy way to make money, it’s looking to the future of art and collecting. If you are interested in buying, you need to consider the risks and you need to have a clear picture of the current situation in order to predict the future of each work. Choosing which artist to give your funds to is important and it is up to you to understand how the market will move in the future. We can declare that NFT is not a passing fad and always artists of wide caliber will make their way to be free and say what they want to express. If there is one thing that NFT are able to put in place is the freedom of each of its creators, who creates to be paid back by those who are interested in his works. The bubble is about to burst and it’s time to be in it.
It’s Time to Buy Art
Appearing art is an investment. First, you support the artists and get the ownership rights to the NFTs. In the future the work can be resold at a higher price than the purchase price. Valuart is the platform for those who want to invest and buy in Non-Fungible Tokens. Designed to give value to art and collecting.
The return of Spike by Banksy as Valuart’s first NFT Available now exclusively on https://t.co/vxdZI50Ds8 Join the auction.#banksy #NFT #NFTCommunity #NFTcollectibles #cryptoart #auctionday pic.twitter.com/x8LBeQa1CS
— Valuart (@valuartdotcom) July 23, 2021