Is it a good time to buy nonfungible tokens? Expert answers

cointelegraph.com:

As the floor prices of popular nonfungible token (NFT) collections took a nosedive along with the broader crypto market, an NFT expert believes that this is a good opportunity for investors within the space. 

In a Cointelegraph interview, Ahren Posthumus, the CEO of NFT marketplace Momint, shared his thoughts on compelling NFT use cases, its role in contributing to climate action and what NFT investors should focus on during the current bear market.

Posthumus believes that fractionalization of bigger assets may be the next big thing for NFTs. Citing the stock market as an example, the executive believes that breaking apart expensive assets into smaller and more affordable parts will make assets more interesting to retail investors. “This is what the stock market did for investing in companies, and it was wildly successful,” he said. The executive explained that:

Apart from this, the NFT expert also highlighted that NFTs could contribute to climate action and positively affect efforts to address environmental concerns. While NFTs are often associated with artworks, the Momint CEO underscored that they are digital certificates of authenticity. This makes it an optimal medium for carbon credits. Additionally, Posthumus explained that:

When asked if it's a good time to buy NFTs while there's an ongoing crypto winter, the executive answered "yes" but urged investors to check the underlying value and the fundamentals of the assets before investing.

Lastly, as the world experiences a recession, the executive said that it would be a safer bet to invest in blockchain infrastructures like Ethereum (ETH). “Some blockchain applications will emerge triumphant, but many will fade into obscurity,” Posthumus said.

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