NFT games are a relatively new phenomenon. You should not be seduced by the possibility of getting high profits quickly and easily. There are certain risks inherent in this type of activity. Below we will consider the most serious of them in detail.
Losses may exceed profits
Already now, many NFTs have reached a record price. There is no guarantee that their value will continue to grow. The volatility of such assets is extremely high. The price of NFTs can change significantly in a matter of minutes. All this makes investing in non-replaceable tokens extremely risky.
To capitalize on selling NFTs, you need to dive deep into the topic. Try to first get as much information as possible about the subject you are going to invest in.
NFTs obtained in the game can quickly depreciate in value, so there is no guarantee that the effort spent on mining these resources will be rewarded in the form of profit.
Keep in mind that some NFT projects require a certain amount of money to play. There is no guarantee that you will be able to recoup the costs in the future, let alone make a high profit.
Risk of depreciation
A small example of this is Beanie Babies. These are small toys filled with balls of plastic that were highly popular in the 1990s. Many people bought them up in the hope that they could sell their collections at a favorable price in the future.
Some of the mentioned products did indeed rise in price. However, most of the toys have completely depreciated in value. NFT is a lot like Beanie Babies in that they are collectibles.
No one knows what the price of this or that non-interchangeable token will be. Certainly, rare NFTs have a high chance of not losing their value to collectors. However, it is extremely difficult to guess which token will remain in demand in a few months or years.
Investments in NFT are considered one of the riskiest. You should not invest all your savings in non-mutualizable tokens. This is a very dangerous and risky move that can end up being disastrous for your budget. Any investments should be made with due consideration of the rules of manifest management.
NFT games provide an opportunity not only to experience a lot of positive emotions, but also to get potentially high profits. At the same time, the industry of non-mutually exchangeable tokens includes a number of risks. Before investing in NFT you should thoroughly study the asset you are going to invest in and analyze the prospects of its price growth.