Advantages and Disadvantages of NFTs

Advantages:

Non-fungible tokens represent an attractive new strategy for many more people to join the world of cryptocurrencies; digital art attracts the attention of people, artists and members of the entertainment world.

Certificates of authenticity generated through blockchain technology give digital art pieces more excellent value, making them increasingly coveted in the digital marketplace.

They represent a new way of generating income from the creation of NFTs through participation in electronic games known as Play toEarn.

Not only digital works of art but also collections can be displayed in an easy and practical way, benefiting their creators when purchasing them.

Disadvantages:

Because it is such an innovative market, there are risks of loss that often escape both decentralized platforms and users due to the volatility of the digital market.

A long period is used to create a digital artwork, which makes the platforms complicated and generates errors.

They are not as well known and used as fungible tokens.

Before entering this digital art environment, a high level of preparation is required; it is not as recognized and controllable as cryptocurrencies.