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#13
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At the risk of opening up yet another front in the collecting vs investing wars, owning an NFT isn't all that different than owning stock in a company in that it represents a fractional claim on the value of some physical entity. How many of us who invest in the stock market actually still take delivery of physical certificates? Can you even do that anymore?
i supposed someone will counter that investing in the stock market isn't collecting, but I have a retired friend who spends his day managing his portfolio and analyzing new companies to buy into. He loves to talk at length about what he is doing. You will never convince me that it isn't his hobby and that his portfolio isn't a collection. So, I have to agree with those who say that NFTs are here to stay and the market will be dominated by younger collectors who are as comfortable operating in a virtual world as we gray heads are with investing in stocks without actually having a physical certificate. |
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