The first NFTs came out in 2014, but it’s still pretty new for an industry that focuses heavily on the currency markets of several centuries of legacy. For this reason, we are still in the learning phase of what is possible.
on the plus side
Those raising the flag for NFTs include Julian Klimochko, founder and CEO of Accelerate Financial Technologies, who recently told Wealth Professional that a surge could be ahead.
“Art as an investable asset class has been around for hundreds if not thousands of years,” he said. “NFTs are digital art or collectibles that exist on the blockchain, and have brought many benefits.”
This approach is endorsed by Nigel Green, CEO of international financial advisory firm Devire Group, who believes they will become a mainstay in investment portfolios within the next five years, with three main things attracting investors.
“First of all, this new digital asset class has value due to the rapid pace of digitization of our world,” he said. “Millennials and Gen Zs exclusively have digital lives and it is natural in these worlds to take the digital representation of luxury brands, music, sports and art – and now they can with NFTs.”