How are NFTs changing the way people preserve wealth? NFTs are digitally verifiable, unique assets that are secured by blockchains. They have exploded in popularity as digital collectibles. In the coming years, NFTs will be as ubiquitous as property and other physical wealth-preserving assets.

It just looks like the result of the race is obvious before it starts. NFTs are related to emotions.  Selling emotions is very effective than selling utility. This is an important reason for why community-developed memes, campaigns, and NFTs are consistently flooding the social media space.

An NFT that depicts a celebration unique to the achievements of a community is something that will be emotionally relatable to the community members.  Thus, emotionally relatable NFTs sell fast. The more relatable, the more likely users will buy it.

On June 30, 2021, Twitter gave away 140 new NFTs called a drop and marked its first official entry into the digital assets space.  This surged in popularity since the beginning of the year.

Those who are not able to understand NFTs need to work with patience. For some, the learning curve is steep.  Understanding the different innovations in the cryptocurrency space is like a marathon.  It is okay not to know anything as many people are sailing in the same boat, trying to wrap the concept around their heads.

Also, the financial markets and investment brokers by majority know zero about art or artists. The two things can’t coexist using the same metric for the value of art or an artist’s work. Making good art is not always enough in the NFT marketplace. And, making art is not always enough.  The investors should grow a pair take some risks, and listen to people that know art before buying. And, there will always be people who influence other people.

NFT should be decentralized and well planned. With this, NFT can power all aspect of life.

When dealing with NFTs, some of it seems like a bad meat market, while others are very supportive. Many are happy just to be learning, though while being happy creating no matter what the outcome ends up being.

The art community can be a fantastic community that celebrates other’s success instead of trying to trip the next guy so you can be on top. Some everyday lessons with NFTs can be where the projects that you ape in will be stubborn, and the price will drop or remain the same, but those that you never bothered to care about will skyrocket. The NFT game takes a lot of patience.