Non-fungible tokens (NFTs) have risen significantly in popularity this year. Digital artwork has been selling for millions of dollars and investors have been betting on NFT stocks. Another industry that possesses significant potential over the long term is cannabis, which remains illegal in most parts of the world.
Both of these sectors have some attractive growth potential. But which one is more of a sure thing, and which is the better investment heading into the new year?
The top bank said, “by creating marketplaces for illiquid assets such as digital art, collectibles, music, gaming, and other assets, the NFT universe is surely set to continue to grow strongly over the coming years because it helps to solve the problem of injecting liquidity into naturally illiquid assets such as collectibles.” According to estimates from Cointelegraph, NFT sales could hit a record $17.7 billion in 2021.
As NFTs become more mainstream, they will become more liquid, making it easier to buy and sell them. There are many marketplaces out there, with OpenSea being among the most popular ones to buy and sell digital items. You can also create your own NFTs to sell on these platforms.