Should I Buy NFTs? Here’s What You Need To Know

There’s a sentiment in mainstream media that non-fungible tokens (NFTs) aren’t a “serious” digital asset.

There’s no denying it: Plenty of NFT creators have their tongue firmly in cheek. It’s also undeniable that some $26.9 billion in cryptocurrency was spent on NFTs this year – $10.7 billion in the third quarter alone.

Mega-cap companies like Disney, ViacomCBS, and Nike, to name a few, are taking notice and diving in headfirst. There’s even a new NFT exchange-traded fund – I’ll have more on that in a minute.

In other words, you might laugh at NFTs… but you can’t ignore them. There’s a lot of profit potential to be had for investors who know what they’re doing and get into NFTs clear-eyed.

Keep Reading

The post Should I Buy NFTs? Here’s What You Need to Know appeared first on Money Morning – We Make Investing Profitable.