Are NFTs bad for artists?

NIFTYHYPE Editors
Answered 
09.04.2022

There are a few reasons why NFTs could be bad for artists. First, they can be expensive to create and sell, so only wealthy artists may be able to take advantage of them. Second, the value of an NFT may be based more on hype than on the actual art itself, which could lead to some investors being disappointed when the value doesn't hold up. Finally, NFTs could centralize power in the hands of a few major platforms and collectors, rather than spreading it around to a larger number of people.

Overall, it's still too early to tell whether NFTs will be a good or bad thing for artists. Time will tell whether they provide a meaningful new revenue stream or become yet another way for the rich to get richer.

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