05.03.2024

The most promising NFT tokens for investment, opinions from 4 market experts

The experts talked about which NFT tokens, in their opinion, are worthy of attention, why the hype around assets may subside, and what questions investors of non-fungible tokens will have to answer.

The popularity of non-fungible tokens (NFT) continues to grow. Every day there are new offers on the market for the sale of art, game characters, newspaper columns and other objects in digital format. With all the diversity, it is difficult for investors to understand which tokens will bring profit in the future.

We will find out from the experts which NFTs they recommend to pay attention to and whether, in their opinion, it is worth buying such assets at all.

Opinion number 1 – it’s time for rarities

Sergey Khitrov, Founder CEО Listing.Help  noted that at the moment the NFT sphere is experiencing a real boom. The expert believes that close attention to the market of non-fungible tokens and the inflow of capital have only exacerbated the issue of the future development of the direction.

According to Listing.Help analysts, the race for rarities NFT is starting now. Experts believe that the surge in popularity of the Wrapped MoonCats project will lead the market to search for tokens that were issued by enthusiasts before 2020.

«Such tokens [issued before 2020] may have additional experimental features and other signs of rarity, which will set them apart from the current flow of the same type of NFT ,» concluded Sergey Khitrov.

The expert also noted that the success of the Cryptopunks game, in his opinion, attracted developers to the development and deepening of the NFT market. Listing.Help analysts expect new projects and NFT collections with rare features of tokens to appear. This approach, according to Sergey Khitrov, contributed to the success of the Non-Fungible Pepe and Bastard Gan Punks projects.

A look towards sports

The expert named non-fungible tokens related to sports as another important market segment. In his opinion, they are also worth paying attention to.

Sergey Khitrov noted that on the platforms within the walls of which you can find collectibles in NFT format, the first place in terms of volume is occupied by NBA TopShot – a marketplace of non-fungible tokens from the NBA.

“The success and popularity of this site is based on the huge fan base of the NBA, the speed and low cost of transactions on the Flow blockchain and the influx of large capital into the industry,” – this is how the CEO of Listing.Help commented on the success of NBA TopShot.

Columns of NFT platforms by the volume of transactions and the number of users

The NFT market is not as straightforward as it seems

In conclusion, Sergey Khitrov noted that there are still some unresolved issues in the NFT sphere. Here are a few of them:

  • Is it possible to sell the same work twice, but in the form of different tokens?
  • How to detect a cheat in the trading history of NFT tokens?
  • What forms will the interaction of the NFT and DeFi spheres take in the near future?
  • How will NFT art be protected and returned in case of illegal actions or its loss?

The CEO of Listing.Help also noted that it remains unclear whether traditional museums and galleries are capable of interacting with NFT art.

Opinion number 2 – if you invest, then in foreign artists

TTM Bank CEO Vladislav Utushkin,  in turn, does not consider it expedient to invest in NFT with a view to profit, because he does not yet see a stable demand for non-fungible tokens in the field of art.

“There is no guarantee that the same painting by the artist Mike Winkelmann (Bipl)“ The First 500 Days ”in a year will cost at least half of what was paid for it ,” noted Vladislav Utushkin.

To explain his position, the expert suggested remembering about crypto-cats [digital kittens are “characters” of the CryptoKitties game on the Ethereum blockchain, each of which is presented in NFT format]. Vladislav Utushkin noted that now no one buys unique cryptocurrencies for millions of dollars.

Crypto cat card "Dragon"

“If you do invest in NFT tokens in the field of art, then I would look towards foreign artists, primarily those working in the US markets. Simply because the art market there is more liquid, lively, responsive to new forms of self-expression. At the same time, he is more reserved, and a conventional artist from Russia should not even hope for multimillion-dollar sales of his works, for example, in [auction house] Christie’s. «

Vladislav Utushkin summed up his answer with the assumption that NFT has great prospects not so much in the arts as in the financial sector.

Opinion # 3 – NFTs will live on until interest fades away

Igor Kuchma, a financial analyst at TradingView, Inc in Russia,  drew attention to the fact that collectors exist everywhere and sooner or later, in his opinion, the Internet should also become a part of the market. The NFT format helped in this network.

“Like most of the crypto industry, NFT tokens are a hype product and nothing else. They will live as long as they enjoy interest, in general, like any other collectible, « Igor Kuchma summed up his point of view, noting that any investment in NFT tokens carries certain risks.

Opinion # 4 – the boundaries of the NFT market can grow significantly

Yulia Zakharchenko , a certified trader and member of the RAKIB association  , believes that the best and most popular options for NFT investments today can be found within the Axie Infinity, Gods Unchaned and Sorare projects.

In these games and startups, the expert noted, you can buy collectible items in the form of non-fungible tokens.

To search for NFT tokens, Yulia Zakharchenko advised using the OpenSea marketplace. More sites for the purchase of non-fungible assets – in our material.

According to the expert, the potential of NFT tokens can be assessed through the mental transfer of the value of their characteristics into the real world.

“You just need to buy the same items with a set of unique characteristics that you would get in the real world. We are talking about items that you yourself consider valuable, ” – Yulia Zakharchenko shared this way of evaluating NFT tokens.

When choosing tokens, according to the expert, it is necessary to evaluate their uniqueness. It is important that other people also understand the value of a particular non-fungible asset. Yulia Zakharchenko also recommended taking a closer look at the tokens of NFT marketplaces. Such assets, in her opinion, may be of interest to investors.

In the future, the expert is sure, the trend towards digitalization of art objects and other things will continue. In particular, soon with the help of NFT tokens, people, according to Yulia Zakharchenko, will be able to prove ownership, for example, to real estate.

Where can you buy and sell NFT tokens?

OpenSea is the largest online marketplace for digital collectibles and other rare electronic assets. On OpenSea, you can buy and sell non-fungible tokens (NFTs), including the ERC721 and ERC1155 standards, and discover a variety of digital goods.

Collectibles NFT Platform

The OpenSea platform was founded in November 2017 and is today the largest marketplace for buying and selling digital collectibles and other rare assets. The platform offers over 300 types of assets and over 10,000,000 items.

Thanks to OpenSea, you can buy, bid, and discover digital collectibles and other assets such as domain names and member-specific NFTs.

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