As bullish we are on NFTs as a concept, the reality of the matter is that most of the projects out there are going to fail in the future.

As more and more influencers, companies, celebrities and artists get exposed to this exciting new world, a lot of new projects are going to come up in the future which will end up raising the supply so high and leave the demand down below.

From a financial standpoint, the message here is to only invest the amount of money you are willing to lose completely. It is good to be bullish on the concept of digital art and the space, but the best way to not get rekt in the process is to not bet your house on anything.

Buy what you genuinely like, and only what you can afford. Staying away from FOMO and moonboys will save you from getting rekt.

Here's a video to get you going

Here's an article for a complete deep dive

You can't go long without Crypto Twitter

FAQs

If you have any doubts related to this topic or you have a suggestion, feel free to create an issue here.

If you want to make edits to this topic or update the topic, please click on the "Edit on Github" link you see on the top below the title, make the changes and create a pull request to the master branch. One of the moderators will look at your changes & merge your changes if all looks good.

And yes, if you update anything on this topic, don't forget to add your GitHub username to the contributors' list!

Have a happy learning! ✌️