Many years ago, the idea that a GIF or a JPEG file would be considered an art collectible was unthinkable, but today they are known as NFTs, crypto investment assets with a market that surpassed 49 billion dollars in 2021. These unique digital tokens are bought and sold on the internet and many tech investors have seen huge profits.
Scenario 1: The market slowly stabilizes
When innovations pop up, we are quick to dismiss them as pure fantasy. In the 1990s you’d find plenty of people claiming that the internet was unlikely to take off. Similarly, traditional investors were quick to dismiss cryptocurrencies and NFTs when they first made an appearance – but today it’s a booming market.
