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5 reasons why you should start investing in NFTs in 2023

investing in NFTs in 2023 guide by web3oclock

Are you making a list of investment goals for 2023? It’s great to have goals to strive for because it keeps you driven and on track to accomplish great things. However, as you make your investment list, you might want to include investing in NFTs. In this article, you will learn a brief about NFTs and 5 compelling reasons why you should consider investing in NFTs in 2023.

What are NFTs?

NFTs (Non-Fungible Tokens) are unique digital assets that are stored on a blockchain, which is a decentralized digital ledger that allows for secure and transparent transactions. Each NFT is a unique digital asset that can represent anything from artwork, music, videos, or even virtual real estate.

Unlike traditional forms of investment, where assets are interchangeable and have the same value, NFTs are unique and one-of-a-kind, giving them a different kind of value. The ownership of an NFT is recorded on the blockchain, which makes it impossible to replicate or counterfeit. This makes NFTs particularly valuable for artists and creators who can now monetize their digital creations in a way that was not possible before.

How do NFTs differ from other forms of investment?

NFTs differ from other forms of investment in several ways:

  1. Unique and Non-Fungible: NFTs are unique and non-fungible, meaning that each NFT represents a distinct and one-of-a-kind digital asset that cannot be exchanged for another asset of equal value. This sets NFTs apart from other investments, such as stocks or cryptocurrencies, which are fungible and can be exchanged for other assets of equal value.
  2. Digital Assets: NFTs are digital assets, which means that they exist purely in a digital format, and are stored on a blockchain. This is different from physical assets, like real estate or gold, which have a tangible presence in the physical world.
  3. Artistic and Creative Value: NFTs are particularly valuable for artists and creators, as they allow them to monetize their digital creations and establish ownership over their work. This creates a new market for digital art, music, and other forms of creative expression that were previously difficult to monetize.
  4. Volatility and Risk: NFTs, like any investment, come with a level of risk. The value of an NFT can be volatile and can fluctuate based on market demand and supply. The value of an NFT is not guaranteed and can be influenced by many factors, such as the popularity of the creator, the uniqueness of the asset, and market trends.

Why you should start investing in NFTs in 2023?

Here are 5 reasons why you should start investing in NFTs in 2023:

Potential for high returns

Purchasing NFTs, like any investment, holds the potential for long-term financial gain. Certain NFTs have already fetched astonishing prices, and by investing in a project at its onset, you could benefit greatly if it garners popularity (and subsequently, value). If the price of your NFT rises, you may be able to sell it for a profit.

Some highly sought-after projects, such as CryptoPunks, CryptoKitties, and Bored Apes, have generated significant revenue. In fact, celebrities and other high-profile individuals may purchase these NFTs, thereby increasing their value. Selecting the “right” project could potentially yield substantial earnings, provided you sell your NFT when the price is on an upward trajectory.


Investing in NFTs can be a way to diversify one’s investment portfolio. By adding NFTs to a portfolio that already includes stocks, bonds, and other assets, investors can spread out their risk and potentially reduce overall portfolio volatility.

Scarcity and uniqueness

NFTs are unique and scarce digital assets that cannot be replicated or duplicated. This scarcity and uniqueness may make NFTs more valuable over time as the demand for them increases.

Emerging market

NFTs are a relatively new investment market, and as such, there is the potential for significant growth in the future. As the market matures and becomes more widely accepted, the value of NFTs could increase.

Anyone can invest

Numerous marketplaces offer access to NFTs, making them readily available to anyone. Platforms such as Rarible or OpenSea make it easy for anyone to create their own NFTs and sell them, allowing you to both purchase existing NFTs and invest in the creation and sale of your own. Provided you have the requisite cryptocurrency, you can acquire an NFT with relative ease. Compared to traditional art purchasing, investing in digital art presents a potential advantage in that there are fewer intermediaries involved.

Despite their high cost, NFTs remain more accessible than other assets, particularly certain types of collectibles. Obtaining a rare automobile or painting through an auction can prove to be challenging. However, NFTs provide a way to access digital collectibles with minimal intermediaries involved.

What is the future of NFT investment?

The future of NFT investment looks promising. While the market is still relatively new, it has already seen significant growth and adoption, with more and more investors and creators entering the space.

There are several reasons to be optimistic about the future of NFT investment:

  1. Increased Awareness: As more people become aware of NFTs and their potential value, demand for these assets is likely to increase. This could drive up the value of existing NFTs and create new investment opportunities.
  2. Integration with Other Technologies: NFTs are likely to become more integrated with other technologies, such as virtual reality and augmented reality, which could create new use cases and investment opportunities.
  3. Expansion into New Markets: The market for NFTs is not limited to art and collectibles. There are opportunities for NFTs in gaming, music, sports, and other industries. As these markets continue to grow, so too will the demand for NFTs.
  4. Improvements in Technology: As the technology underlying NFTs continues to evolve and improve, the market is likely to become more efficient, transparent, and secure. This could make NFT investment more accessible and attractive to a wider range of investors.

Overall, while the future of NFT investment is uncertain, the potential for growth and value creation is significant. As with any investment, it is important to conduct thorough research and understand the risks involved before investing in NFTs.


Indulge in the exciting world of NFTs to add a touch of diversity to your portfolio while exploring the thrilling realm of crypto assets and blockchain. However, it’s important to keep in mind that investing always carries some level of risk, especially when you fail to diversify your portfolio.

As you venture into purchasing alternative assets, including cryptocurrencies and NFTs, it’s wise to follow the golden rule of risking only what you can afford to lose. Furthermore, experts suggest allocating no more than 15% to 20% of your portfolio to alternative investments, encompassing not just crypto assets, but also precious metals and tax liens.

If you’re eager to discover the world of digital asset investing, start by mastering the art of buying cryptocurrency. This will provide a solid foundation, granting you access to valuable coins to eventually invest in the mesmerizing world of NFTs.


Why you should start investing in NFTs?

Diversification: Entrepreneurs can diversify their investment portfolios beyond conventional asset classes like equities, bonds, and real estate by investing in NFTs. By adding digital assets to their portfolio, entrepreneurs can potentially reap high returns and mitigate risks associated with a single asset class.

Is NFT worth it in 2024?

From my perspective, while there are factors that could encourage NFT adoption, a potential recovery likely won’t resemble the 2021 hype, so I don’t expect the charts to explode again. Instead of a few collections worth millions, there might be smaller NFT projects with more accessible prices and higher utility.

How big is the NFT market in 2024?

Revenue in the NFT market is projected to reach US$2,378.0m in 2024.

Is NFT profitable in 2024?

NFTs are poised to be a major driver of Web3 adoption in 2024 – but the successful projects will look very different from what’s come before. At the close of 2023, we’re seeing a resurgence of interest in NFTs.

What will the NFT market be worth in 2025?

Statista forecasts from November 2022 indicated that the market as a whole would significantly recover, reach a value of $3.68 billion in 2023, and increase to almost $6.2 billion by 2025.

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