5 reasons to invest in an NFT today 

 August 25, 2022

If you have been on social media in the last year, you have likely come across conversations (or more likely arguments) over NFTs and their value. Some view NFTs as nothing more than a cash grab Ponzi scheme, while others consider NFTs to be an incredibly important technical innovation, the importance of which the world will only understand in years to come.

This is a hot debate that has only intensified as the prices for NFTs rise and fall dramatically. However, regardless of where you fall on the argumentative spectrum, NFTs do not look like they are going anywhere – in fact, they are here to stay.

READ MORE:  Indian Economy Boom: Diving Deeper Into This Raging Economy

Keep reading to learn a few of the reasons why you should consider investing in NFTs.


While the massive NFT sales numbers are the ones that monopolize headlines, the fact of the matter is that the industry is incredibly varied when it comes to price. There are NFTs that sell for $91.8m, some that sell for only a few dollars, and others that sell for anywhere in between.

There are NFTs available for every budget and those who are just starting out with collecting are better off focusing on the more affordable NFTs available. Collectors can sort through and buy NFTs on an NFT marketplace such as OKX, where prices are clearly listed and NFTs can be sorted according to price and genre.

READ MORE:  What Are Key Elements to a Factory Manufacturing Line?


For those who want to use NFTs as an investment tool, scarcity is a key aspect, as with all other investment types. Scarcity, whether it is perceived or actual, will drive up the value of any item or service, precisely because it is difficult to find.

An NFT is an individual digital item and an NFT can only have one owner, unlike other digital works. The fact that NFTs are individualized means that there is an incredible amount of concern about scarcity, as you really can only buy a particular NFT once.


Another appealing aspect of investing in NFTs is the collectability of NFTs themselves. Some people are natural born collectors and enjoy creating and compiling impressive selections of baseball cards, stamps or physical artworks.

READ MORE:  Is Brine Shrimp Good For Betta Fry?

There is a similar impulse at play in NFT collecting, which involves creating collections and trying to collect all of the NFTs belonging to a certain release or style. The high worth of NFTs also makes the possibility of trading and turning a profit possible.

Another benefit is that – unlike in art collecting – when you buy an NFT, the profits go directly to the artist, rather than to a middleman such as the gallery or art auction house.


Perhaps the most obvious reason why you should consider investing in NFTs is because they can be a good (or at least exciting) investment. This does not mean that you should put your 401K into NFTs, but rather that it is possible to have fun with investing in NFTs, and there are people out there who have made a profit in trading them.

READ MORE:  Indian Economy Boom: Diving Deeper Into This Raging Economy

As with many other aspects of blockchain technology, investing in NFTs is something of a waiting game. It remains unclear how long the technology will be around for and what its longevity may be. The value of an NFT will really depend on how much someone else is willing to pay for it, and this market is particularly volatile.


Finally, a perfectly valid reason to buy NFTs is for the novelty factor involved. For some of us, it is a genuinely fun and exciting experience to try something new, keep up with the trends and explore the limits of Web 3. Even just buying a cheap NFT and holding on to it or using it as a social media avatar is a novel and interesting experience in its own way.

READ MORE:  Is Brine Shrimp Good For Betta Fry?

That being said, if you are thinking about buying an NFT or two for the novelty alone, I would recommend caution when doing so. Start out with the NFTs on the highly affordable end of the spectrum – you do not want to end up investing thousands of dollars in something just for fun!

These are just a handful of the reasons why you should consider investing in NFTs. It can be a fun, interesting and even profitable experience to invest in NFTs at a range of different price points, and in a market like this, you truly do not know what could happen next. That is certainly where the excitement comes in!

READ MORE:  What Are Key Elements to a Factory Manufacturing Line?

related posts:

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}