Is nft worth holding for a long time?

Long-term holding depends on market conditions. The uniqueness of Nft lies in its non-functionality, which actually meets the most basic requirements of the traditional art market, because every piece of art is created by an artist. There are no two identical works of art in the world. These unique commodities have been precipitated in the long history of mankind, and the formed market can stand the scrutiny of time and years. On the basis of non-functional thinking, non-functional thinking takes its essence and discards its dross. It adds the following functions to the traditional art market to prevent counterfeiting. The biggest charm of blockchain technology lies in its complete decentralization. All information on the chain is completely transparent and cannot be tampered with. The most difficult problem in the traditional art market is how to distinguish authenticity, because the high value of art will always attract countless counterfeiters, and the counterfeiting technology becomes more and more difficult to distinguish authenticity with the precipitation of time. No matter how good a cultural relic appraiser is, he can't guarantee that his judgment is completely correct.

1. Relying on blockchain technology, this problem can be easily solved, because works of art and intellectual property marked by NFT technology cannot be added, deleted or tampered with, and every transaction can be traced back from the moment of birth, which fundamentally regulates the trading order of the market, reduces the cost of authenticity identification, promotes the trust between people and improves the market activity. Liquidity Whether a commodity has investment value and profit space ultimately depends on its liquidity, just like before the emergence of the second-hand housing market, the real estate market was a dead pool with low value. It is precisely because of the emergence of the second-hand housing market and related transaction service personnel and platforms that we have a steady stream of new users to join the market. At the same time, the value of the house itself is discovered by the market. Therefore, the level of liquidity is likely to determine the ultimate development potential of the market. The Internet itself is mobile, and the blockchain market is based on the Internet, providing a platform for users all over the world to exchange values. This platform runs 24 hours a year. Therefore, in terms of liquidity, non-functional products are different from the traditional art market, and their future development ceiling is naturally much higher.

2.2. Separability of NFT coins Due to the high price of traditional artworks, it is basically impossible for ordinary people to participate in them and gain the benefits brought by the increase in the value of the artworks themselves. However, relying on blockchain technology, this problem can be well solved. Let's take the most representative cryptocurrency BTC Bitcoin as an example. For bitcoins with a price of over 300,000 yuan, the minimum entry threshold may be below 10 yuan. We can buy at least 0.0000000 1 bitcoin, but we can also reap the benefits brought by the rise of bitcoin. This is completely unimaginable in the traditional financial market. We can't take a painting apart and sell it separately. NFT digital art based on blockchain can be customized and fragmented, thus lowering the entry threshold, allowing most people to enjoy the benefits of art appreciation, bringing more mobility and giving art higher value. The rise of defi non-functional products is an important part of dispersing the fiscal deficit. Of course, its development is bound to be authorized by defi.