Logan Paul’s Azuki collection, acquired for $623,000, is only valued at $10 today. - nfts hackernoontopstory
There will always be naysayers and cynics, but those that do not take risks will never see great returns. That’s the fundamental basis of investing and those that will get on the digital asset bandwagon are people who might ultimately turn a profit on it. As long as there are investors willing to take risks on NFTs and crypto, it could continue to flourish.
NFTs have a huge untapped potential in business utility. According to CoinTelegraph, “There is pervasive fraud in supply chains with countless incidents of double financing, where malicious actors use copies of the same paperwork to illegally obtain money from multiple sources. With blockchain, this will disappear overnight as each and every shipment can be represented by only one single NFT that documents everything delivered — and, indeed, tracks it every step of the way.
This makes NFTs more than just digital fine art collections, a definition which has been adopted by the masses. It can indeed also be a viable investment opportunity especially since it represents a higher level of security. Due to their nature, NFTs make forgery much harder. Blockchain has spearheaded the path for revolutionary systems in the medical, financial, and education sectors. Creating secure databases is no small feat and bitcoin was able to supplement the technology needed. Even if cryptocurrency were to disappear over the next few years , blockchain would probably continue to be in use.While there’s no predicting what Logan Paul might do next, it wouldn’t be too farfetched to imagine a new NFT collection on the horizon.
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