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Are NFTs and Virtual Items a Good Form of Investment?
( go to the article → https://datafloq.com/read/are-nfts-virtual-items-good-form-investment/14097 )
Disclaimer: I am not a financial advisor so please do not take any of this information as impetus for your own investment. Any investments that you make should be a result of your own research. After all it is your capitol at risk. While NFTs have exploded in popularity over the last few month, virtual items have been around for a very, very long time. Beyond the question of whether a tweet is worth $2.9 million, as was paid for Jack Dorsey’s first ever tweet, we’re all asking whether buying NFTs and virtual items can be considered a sound investment. As with anything financial, the discussion is not straight-forward. That said, we can take a look under the hood to better understand NFTs and Virtual Items to consider whether they are likely to accrue value over time or not. Investing in Assets When investing in items, such as art, the first rule of thumb is to realise that the item itself isn’t the money-maker—it is selling that art to the highest bidder. This means the perceived value of an object determines its return on investment. Thus, changes in value are often hard to predict. For example, if an artist of an original painting you own ...Read More on Datafloq
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