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I Turned Some Photos Into NFTs
It’s an easy and inexpensive process on the Polygon network, as is listing them on OpenSea.
The NFT craze remains in full swing in the cryptocurrency market, for better and for worse. Many people are aghast when they hear about the exorbitant prices that some of this digital art fetches. At times, I am too. Having lived through fads like Beanie Babies, I’m well aware of the heights to which speculation can climb. I know how expensive tulips became centuries ago.
To me, not all NFTs are created equally. The true value of something is whatever someone else is willing to pay for it. Markets are partly driven by psychology, and when it comes to frenzies like these, it overshadows the underlying fundamentals.
What’s the use? That’s probably the best question to ask relating to an NFT and assessing its value. An NFT that was created for a purpose and has utility should do better than ones that don’t, but only time will tell. Ones that promise future utility may or may not deliver in the long run. An NFT that’s aesthetically pleasing might only have that going for it, aside from the creator behind it, and its value should be judged accordingly.
My advice to anyone new to the NFT space is the same as my advice towards tattoos: don’t get one unless you’re going to be satisfied owning it until the day you die.
