The document discusses whether non-fungible tokens (NFTs) are a good investment. NFTs are digital assets stored on the blockchain that represent items like images, videos, and other digital files, making each one unique. Some NFTs have sold for thousands or hundreds of thousands of dollars. However, like investing in art, it can be hard to predict which NFTs will hold or increase in value over time. Factors that may influence an NFT's value include the popularity and style of the creator as well as whether others want to collect and follow their work. Investors are advised to carefully research NFT categories and individual assets before investing.

1. IS AN NFT A GOOD
INVESTMENT?
By: www.ProfitableInvestingTips.com

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e-investing-tips/is-an-nft-a-good-investment
The blockchain has created another interesting,
potentially useful, and potentially profitable
thing. It is the non-fungible token or NFT.
Anything digital can be stored on a blockchain
and is unique and potentially valuable. Images,
video clips,William Shatner’s dental x-rays,
anything can be an NFT.

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e-investing-tips/is-an-nft-a-good-investment
Some of these are selling for thousands, tens of
thousands, or hundreds of thousands of dollars.
Is an NFT a good investment like an original
Picasso or like the pet rock craze of years ago?

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e-investing-tips/is-an-nft-a-good-investment
What Is an NFT?

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e-investing-tips/is-an-nft-a-good-investment
If it is digital and unique it is a non-fungible token.
Non-fungible basically means that it cannot be
replaced. It is one of a kind like that Picasso
painting your great great aunt purchased on a
trip to France beforeWorldWar I it is non-
fungible. Most NFTs are in the Ethereum
blockchain along with the cryptocurrency. Unlike
the cryptocurrency NFTs are not
interchangeable.

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e-investing-tips/is-an-nft-a-good-investment
But, you can sell them and make money doing
that. NFTs can be music, art, writing, and
anything else that can be digitized.What you
get when you buy an NFT is ownership. Anyone
who gets access to the code supporting the NFT
will have a copy.The question for someone
interested in investing in NFTs is which NFT is
the Picasso and which is graffiti that will be
scrubbed off the wall and forgotten?

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e-investing-tips/is-an-nft-a-good-investment
WillYour NFT Hold or Increase inValue?

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e-investing-tips/is-an-nft-a-good-investment
While NFTs may be new to the world, investing in
collectibles has been around for a long, long
time. Fine art is collectible as are rare coins, rare
stamps, antique toy trucks and dolls, and clothes
worn by famous people. If you wonder if an NFT
is a good investment, consider using the same
criteria that art investors use to purchase
investments.

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e-investing-tips/is-an-nft-a-good-investment
Successful art investors spot young artists whose
work looks promising. If they have a unique style
that will inspire others to follow their example
like the Impressionists or Pablo Picasso the artist
may become famous and a $100 painting or
sculpture may turn into a million dollar asset
after twenty, thirty, or more years.

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e-investing-tips/is-an-nft-a-good-investment

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Buying and Selling NFTs

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You could buy an NFT like one ofWilliam Shatner’s
dental x-rays and wait a decade or two to see if it
has increased in value or you could view many of
the available NFTs as part of the newest pet rock
craze.Think of this like long term investing
based on intrinsic value assessment versus
penny stock trading to cash in on a pump and
dump scheme.

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e-investing-tips/is-an-nft-a-good-investment
The art world has gotten into the world of NFT and
established artists have seen their works sell for
millions of dollars. Interestingly, what people are
willing to pay for NFT works of art is highly
correlated with whether or not they see the
work of art as attractive (which is largely the
same for old oil paintings by the masters).

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e-investing-tips/is-an-nft-a-good-investment
People who succeed at buying and selling
collectibles tend to limit themselves to just one
category like fine art, rare books, etc.This is
likely the best course to take in buying and
selling NFTs in that you will have the best idea of
what the market will bear or, for that matter,
how long there will be a market for something
likeWilliam Shatner’s dental x-rays.

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e-investing-tips/is-an-nft-a-good-investment
For more insights and useful information about
investments and investing, visit
www.ProfitableInvestingTips.com.