Investing in digital art is one of the most promising investment options
Over the past month, many people have changed their views on investments; events in Ukraine have affected the majority of investors.
And I myself have seen how risky it is to invest in real estate, because existing apartments or land are practically impossible to sell if necessary.
The situation is similar with the securities market, stock prices have gone down, and no one is talking about paying dividends.
At this time, people are beginning to pay attention to non-standard investment objects, while in addition to traditional cryptocurrencies, digital art is gaining increasing popularity.
When uploaded to the marketplace, the image is converted into CryptoArt, ownership of which is confirmed in the blockchain:
That is, by purchasing a work of digital art, you become the legal owner of the work and can prove your right to ownership at any time.
Just like ordinary paintings, objects purchased on the marketplace gradually increase in price, the main thing is to make the right choice.
For example, a collage created by virtual artist Beeple EVERYDAYS: THE FIRST 5000 DAYS Beeple was sold for a record $69.3 million. This does not mean that you need to buy only similar works:
You can purchase a digital painting that you like for just 20-30 dollars, and then watch its price rise. And who knows, maybe in a few years this picture will already cost 20-30 million dollars.
It is clear that investing in CryptoAr is quite unusual and many doubt the value of this asset, but ten years ago many also expressed doubts about the value of Bitcoin, and now they greatly regret it.
Where to buy digital art?
The most popular platform for selling CryptoArt is Opensea, where works of art are sold on the Ethereum blockchain. This means that the digital object will be tied to this particular cryptocurrency.
In order to start investing, you need to visit the opensea.io website, register the MetaMask crypto wallet or the proposed alternative.
Login to the Opensea website using the MetaMask browser wallet application. Select the art object you like and make payment.
I will not dwell in detail on the technical aspects of the purchase; you can easily find their description on the Internet.
As a result, you become not just an investor, but to some extent a collector who owns a piece of digital art. The purchased painting does not need to be stored at home, protected from fire and robbers; it is always with you, the main thing is to remember the password to your MetaMask wallet.