Is it a good time to buy non-fungible tokens? Expert Answers

Ahren Posthumus said now was indeed a good time to buy, but warned investors to double-check projects before going there invest their money.

As price floors for popular collections of non-fungible tokens (NFTs) have nosedived with the broader crypto market, an NFT expert believes this is a good opportunity for investors in space.

In an interview with Cointelegraph, Ahren Posthumus, CEO of NFT marketplace Momint, shared his thoughts on compelling use cases for NFT, its role in contributing to climate action, and what investors NFT should focus during the current bear market.

Posthumus thinks splitting larger assets could be the next big step for NFTs. Citing the stock market as an example, the executive believes that splitting expensive assets into smaller, more affordable parts will make the assets more attractive to retail investors. "That's what the stock market has done to invest in businesses, and it's been a resounding success," he said. The executive explained that:

"Perhaps the blockchain application with the greatest potential for future utility is fractional asset ownership, sometimes called tokenization, which the general public has never had access to before."

Apart from this, the NFT expert also pointed out that NFTs could contribute to climate action and positively impact efforts to address environmental concerns. While NFTs are often associated with works of art, the CEO of Momint pointed out that they are digital certificates of authenticity. This makes it a