Non-fungible tokens (NFTs) have exploded in popularity over the past few years, offering a new way to own unique digital assets like art, music, and even virtual real estate. Unlike cryptocurrencies, NFTs cannot be exchanged on a one-to-one basis, making them truly unique in the digital world. But how can investors capitalize on this growing trend?
The value of NFTs lies in their uniqueness. Unlike physical artwork, which can be copied or forged, NFTs are verified by blockchain technology, ensuring authenticity. Artists and creators can also attach royalties to NFTs, enabling them to earn future income from their works. As a result, many investors view NFTs as a new form of digital collectibles, with some artworks selling for millions.