If you’ve been following the cryptocurrency industry, you may have noticed very little hype around non-perishable tokens, unless you were locked into an NFT-resistant cache last year.

Originally designed for use in trading card games, NFTs can represent all unique assets whose rarity and ownership can be demonstrated on the blockchain. Since then, NFT technology has utilized a number of assets in the game, digital collectibles, unique works of art and more as the technology has evolved.

But if your nickname is not Guggenheim, you do not understand why adults are so passionate about Doctor Who or Star Trek, and your gaming career is to download Candy Crush cards to your mobile phone, why bother?

Well, because some of these digital assets sell for obscene money. And if you are reading this, it makes a lot of sense to point out that you are probably interested in digital assets and the opportunities they offer.

Gold is not all that glitters
When obscene amounts of money are on the table (which seems as simple as chasing an old tweet on the blockchain), of course, every two-bit innovator and their mothers, from Anaheim to Zanzibar, will try to get in. Handle.

The ensuing gold rally led to a boom in the NFT market compared to the original coin supply bubble in 2017. Litecoin (LTC) creator Charlie Lee has warned the BBC that the NFT bubble may soon burst. Ironically, in the process, Lee created an NFT that eventually sold for 5 Ether (ETH) and may have had real value given its place in the crypto industry.

As with the ICO boom, there are definitely projects of dubious value; Although this time, estimating this value is often a little more subjective than just due diligence on the myriad tool token project this month.

Unlike the initial boom in coin supply, NFTs can go far beyond a diverse group of futuristic and technology-minded investors to bring blockchain technology and ultimately the preferred payment method, cryptocurrency, to a much larger audience.

A new scene has emerged around NFT trading as an initial investment strategy. Some of the major players in space have answered Cointelegraph’s question: “Why should investors pay attention to NFTs?”

You know this is the next big thing
Danny is passionate about art and has invested in exclusive collectibles, virtual lands and blockchain art for the past two years. He first discovered Bitcoin (BTC) in 2013, and after seeing cryptocurrencies radicalize the financial world, he was convinced that “NFTs will code everything else.”

“Investing in something that could go mainstream, supported by [artists] individuals and projects, was a win-win scenario,” he said. Danny believes that we are still in the early stages of NFT adoption, and that “there is still a lot of opportunity and innovation in the NFT space.”

Zurab heads Caselotti Bitscale Capital, which supports several NFT-related projects, including Flamingo DAO, an independent digital organization focusing solely on investing in NFT assets. He believes that anyone who is thinking of investing in art should pay attention to the NFT market:

“Collectors can get amazing artwork from home, and artists can reach a much wider audience and make money from the art.”
He also said: “People really love the comfortable feeling of being digital.”

But I do not have a degree in art history
So, whether it’s art, entertainment or profit, if anyone wants to get into NFT … where do you start? How to sort hash masks from garbage masks (note before anyone has any ideas).

Andrew Steinwald, Managing Partner of the NFT investment fund Sfermion, takes a very rational approach and incorporates information into its main principles. This is the team (or practitioner), producer, token economy, society, market, data and risk. Then he should think about available assets:

Some projects are simple because they have an investable asset (Virtual Earth has NFT land), but for other projects it is very difficult because they have many different types of assets (Earth, elements, creatures, tokens, etc.). D.).
Priyanka Desai, VP of Operations at Flamingo DAO, also believes that investors should dig deeper, but play around to learn the mechanics of it all. “It all starts as a game,” she told the Cointelegraph that many participants are learning mechanics to see how they will use it for themselves.

Source: CoinTelegraph