They can include any kind of art that can be rendered in digital form — music, video, imagery, memes or a combination of media. Here are some pros: NFTs provide a record of authenticity and ownership held and verifiable on the blockchain. They’ve fashioned a new market to create wealth, with high growth potential.
What are the advantages and disadvantages of investing in NFTs?
Some advantages include: Allowing anyone to invest: NFT markets have broad and global reach—an advantage to driving value to an NFT. Investing is accessible to anyone in the world with a working computer, Internet connection, and knowledge of transacting on NFT marketplaces.
What are the benefits of NFTs?
The most obvious benefit of NFTs is their potential to make markets more efficient. The conversion of a physical asset into a digital one can streamline processes, eliminate intermediaries, enhance supply chains and bolster security. A prime example is unfolding across pockets of the art world.
