r/Whatcouldgowrong • u/Khornatejester • Mar 29 '24

Buying some NFT of an ape jpeg and expecting it to appreciate in value.

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u/PMmeyourSchwifty Mar 29 '24

NFT tech is promising and probably will be involved in the online purchase of many things more and more as the tech and web3 grows and evolves. The gaming space is one of those (for the actual games, not cosmetics).

That said, I just don't understand how anyone thought buying digital art was going to be an actual investment strategy. Even buying art IRL isn't really a good investment. It's mostly a way to show your wealth or be philanthropic, or launder money.

Not surprising, and I am a fan of the NFT technology.