Guides · Cryptocurrencies
NFTs: what are they and what are they worth?
In short: An NFT is a unique digital certificate recorded on a blockchain, often linked to an image or a game item. After a huge craze in 2021, the value of most collections collapsed.
What you buy
A token proving you own an entry in a ledger, not necessarily the rights to the image itself.
Why prices fell
Many buyers hoped to resell higher. When new buyers became scarce, prices collapsed.
The risks
Low liquidity (hard to resell), scams and fake projects, wallet hacks.