In it, Dogbert tells Dilbert he just bought some collectible digital art (NFTs are basically this in a nutshell) and Dilbert says he is ridiculous for doing so. The NFT market tripled in 2020 to a little more than $250 million, according to a report by NonFungible.com. But if you like Pepe the Frog memes, there’s an NFT market for that. There is a limited number of tokens and the item is unique and cannot be duplicated.”Ultimately, an NFT’s value is based on how well-received the item is by those who want to purchase it. “You should be cautious when purchasing highly-priced NFTs, and consider it to be a high risk investment,” says Ahamed.

Source: Forbes May 02, 2021 12:00 UTC