NFTs have become a rage in the web space off late. With a promise to revolutionise the web world, these crypto assets have been taking over the world rapidly. Entrepreneur and crypto expert, Vijay Dwivedi is extremely positive when it comes to the future of NFTs.
As the potential of the NFT marketplace is huge, it can tap more than 60% of the internet users. After observing the trends and doing a deep study on NFTs, Vijay Dwivedi has realised that the number of NFT investors will radically increase this decade.
Furthermore, Vijay Dwivedi also believes that NFTs will be an integral part of our daily lives in the future. Whether it is shopping coupons, movie tickets or brand endorsements, he is optimistic that NFTs will be used extensively in every sector.
However, he warns crypto enthusiasts and newbies to stay away from greed because it can be a reason for big losses. Vijay Dwivedi suggests everyone to do their own research before buying NFTs. Talking about the key measures before investing in NFTs, Vijay Dwivedi says, “You need to know the associated risks before making any investment. NFTs are an illiquid and speculative form of investment. A majority of the NFTs might become worthless if not invested smartly. Therefore, research more before making any investment.”
Vijay Dwivedi also shares that one shouldn’t buy NFTs with the intention to maximise profits quickly because it can have bad consequences. Vijay is currently working hard in helping celebs, influencers and creators make smart investments in NFTs. Additionally, he is also working on new NFT projects in association with brands and businesses from different fields. “Things are in the development stage now. We shall reveal about it soon”, Vijay added.
In case you are unaware, NFTs (Non-fungible tokens) enable users to digitally signify ownership of an asset; thereby making it secured. With a certificate of ownership, NFT can be in any format – images, videos, pieces of art or even simple text. As every industry is progressing, many players have entered the NFT marketplace to trade property on the digital ledger. Vijay Dwivedi is one such eminent expert and NFT collector who has acquired an array of NFTs from different artists.