ARE NFTs A GOOD INVESTMENT?

Non-Fungible tokens, better known as NFTs, are definitely gaining popularity with everyone from major art auction houses to Hollywood movie studios buying into the hype. The fever and frenzy over non-fungible tokens(NFTs) is rapidly catching investors' attention because they have been seen as a better alternative means of buying and selling digital arts.

Crypto artist Beeple made headlines for selling the highest-valued crypto art piece to date,at a staggering $69 million. With some NFT art pieces being auctioned off at traditional auction houses like Christie's and Sotheby's, there is no longer any reason to ask whether NFT or crypto art is a good investment.

Celebrities like Grimes, Lindsay Lohan and Paris Hilton are getting on the NFT wave, releasing digital artworks,memories and unique moments as NFTs.

A good number of millionaires have emerged by flipping NFTs. Behind every NFT flip is an age-old idea “buy low, sell high”. Bored Apes is still very profitable, so many months after the initial mint.The same is true of Cool Cats which has been flipped for significant gains several times over. Mutant Apes, minted for 3 ETH a few months ago, was sold for over 300 ETH recently.

The flips on Mekaverse NFTs were also quite big. Those lucky enough to mint their NFTs at 0.2 ETH saw the floor price jump to 9 ETH once the assets hit OpenSea, even before the reveal of the NFTs.

Although NFTs can be expensive, you're paying for more than just a JPEG file. The token gives you ownership rights to the piece you receive,and you're able to sell your NFTs on marketplaces like HelixMeta.

NFT marketplaces, like the HelixMeta platform,provide a means for buyers and sellers to transact business.

Here's a step-by-step guide to making an NFT purchase

i) Purchase Ethereum on a crypto exchange (such as Coinbase Global, Binance etc).

ii) Transfer your Ethereum to a crypto wallet such as Metamask (you can download Metamask from Appstore or Playstore).

iii) Connect your Metamask to HelixMeta NFT marketplace. Once connected,go through the NFT marketplace collection and make your purchase.

In conclusion, the value of an NFT is determined by the old law of demand and supply. As the online community of collectors or buyers and investors grows over time, demand increases.