The future of NFTs

[JanoBand]

I think NFTs will find a future in the actual avatar that people use in the metaverse. If the metaverse actually becomes a place for important meetings and financial transactions then there will need to be a mechanism to guarantee that those who claim to be somebody, really are that somebody. NFTs may be that vehicle.

[sordi88]

I don't know what do do with NFTs (I work professionally in the field of visual arts).

One one hand I don't like them and I kinda despise their undermocratic and speculative nature...
On the other hand I feel like I'm losing the occasion of a lifetime.

One thing I'd surely like to do is to find a way to protect my art via the blockchain, without necessarily getting in the whole marketplace thing.
Art theft is a real issue and once somebody steals your art and sells it as an NFT, there's very little you can do.

[JustKelli]

I just want to start with something somewhat related, the Andy Warhol Marilyn Monroe painting is going up for auction and is estimated to fetch 200 million dollars... just remember the phrase beauty is in the eye of the beholder.

It's not really that complicated, if you don't know enough about something just stay away from it!!!

It all boils down to asking yourself the question "can I afford to flush this money down the toilet" without causing yourself financial hardship as is the case with ANY investment... there is a big difference between investing and speculating and don't ever confuse the two. Do yourself a favour and learn the difference between minting an nft and buying an nft...

One of the main reasons why nft's are gaining steam (not to be confused with gaining traction) is because of the lack of a central clearing authority, such as a bank... people are sick and tired of being told what they can and cannot do, when they can and cannot do it and how much it's going to cost them.

NFT's are basically a circus act flying without a net at this point and the lack of regulation allows for false bottoms or tops and believe me those with deep pockets will eventually dictate price squeezing out the little guy. There is already more than enough manipulation in mainstream markets for my liking.

Imagine the mess down the road when hackers actually start looking at these "blockchains" seriously and infiltrate them for nefarious reasons...

As the owner of a rather successful Investment Company I've had this subject broached many times by investors and each time my answer is a hard pass.

In a related subject I happened to catch part of Shark Tank last night and nfts came up from someone looking for $250,000 for 3% of her company called Round 21, "Mr. Wonderful" bit and countered with 250K for 10 percent and 1.5 percent of sales, everyone else on the panel passed. At the handshake point you could hear him say "we have a long hard road ahead of us" or something close to it. I have actually infused cash in a few companies from Shark Tank and Dragons Den which is Canada's version (where Canadians Kevin and Robert started before there was a Shark Tank), that the panels rejected due to their level of greed. I by comparison ask only for my initial investment to be returned and it ends there unless the company wants to continue the association going down the road and I allow them to dictate the terms. I have also declined an invitation to participate on the Dragons Den panel.