Even as a store of value NFTs are a
Posted: Sun Jan 19, 2025 8:36 am
Even as a store of value NFTs are a high risk endeavor. Sure, buying a Picasso a hundred years after his Blue Period, while his name is already written into the history books can be a reliable store of value. Now imagine going back to 1901 and surveying all the painters at that time and choosing Picasso out of the bunch. Impossible. The idea that you’re going to find the one digital artist who is currently creating art that will be desirable and valuable a century into the future is many levels beyond wishful thinking.
What Are The Real Value of NFTs Art As Sold On OpenSea?
NFTs on OpenSea are not immutable. When the platform disappears, the art disappears. The real value of NFT art as it is sold on OpenSea is supporting artists who’s work you enjoy. Like purchasing a vinyl record of a buy algeria cell phone number list you can just listen to on Apple Music or Spotify for free, the buyer gets the benefit of owning a collectible and supporting art they enjoy, and the artist, though creation, marketing, and consistency can earn a living from their work.
This can be a beneficial relationship between the right buyer and seller, and I think it’s great that some artists are able to make money this way. My advice to the buyers is just to not get caught up in the hype thinking you are going to get rich flipping NFTs.
What Are The Real Value of NFTs Art As Sold On OpenSea?
NFTs on OpenSea are not immutable. When the platform disappears, the art disappears. The real value of NFT art as it is sold on OpenSea is supporting artists who’s work you enjoy. Like purchasing a vinyl record of a buy algeria cell phone number list you can just listen to on Apple Music or Spotify for free, the buyer gets the benefit of owning a collectible and supporting art they enjoy, and the artist, though creation, marketing, and consistency can earn a living from their work.
This can be a beneficial relationship between the right buyer and seller, and I think it’s great that some artists are able to make money this way. My advice to the buyers is just to not get caught up in the hype thinking you are going to get rich flipping NFTs.