Debunking the myths about NFTs

NFT (Non-Fungible Token) is the digital tokenization of heterogeneous objects such as paintings, music recordings or even tweets. Recently, NFTs have become very popular and their use is growing in the world of cryptocurrency and blockchain. However, there are many myths and misunderstandings about NFTs. In this article, we will analyze some of them and try to answer questions that you may have.

Myth 1: NFT is only for artists and collectors.

This myth is not entirely true. NFTs can be used to tokenize any type of heterogeneous object, including music, video, games, and even real estate. This means that NFT can be used not only in the art world, but also in many other industries.

Myth 2: NFTs have no real value.

This myth is based on the fact that NFTs are digital objects that cannot be used in real life. However, it is not. NFTs can have real value, both in economic, social and cultural forms. For example, art created and sold as NFTs can be of high value to collectors or investors. NFTs can also be used as proof of ownership or title to a particular asset.

Myth 3: NFTs are a pyramid scheme.

Some people may think that NFTs are an investment pyramid where new investors support old ones, but this is not the case. NFTs are real assets that can have real value and rely on specific market conditions and principles. Like any other investment vehicle, there are risks and investors should understand them and invest only the money they can afford to lose.

Myth 4: All NFTs are the same.

This myth arises from the fact that NFTs are digital tokens that may look the same at first glance. However, it is not. NFTs can vary in value, content, or functionality. For example, one NFT could be original art and another could be a digital copy or limited edition. Also, NFTs can have different properties and capabilities, such as access to certain content, voting, or even game mechanics.

In general, NFTs are a powerful tool for tokenizing heterogeneous objects and their use can be wide and varied. It is important to understand that NFTs are not an investment pyramid and have real value, and investors should be aware of the risks and invest only their savings.