The sudden rise of NFTs took the digital world by storm, people suddenly got interested in the technology, and investors started investing huge sums into projects.
The creation of NFTs has provided a way for individuals to divide the ownership of physical assets.For investors, a diversified portfolio is essential; NFTs serve this purpose, leading to more significant liquidity and precise position sizing.
NFTs have eliminated insecurity, clogged supply chains, complex processes, and many intermediaries. Digital creators can finally reach out and connect with their audience directly and share their art with them.
Quite obvious, proof of ownership is a significant characteristic of NFTs; multiple people cannot have one NFT at a time. They are authentic, and creating a replica of an NFT does not make them original; one NFT can only exist with its unique properties.