Hey crypto fans! Should you invest in Bollywood NFTs?

Jay Hao, CEO, OKEx, a Seychelles-based crypto exchange, believes people who think NFTs are a quick and easy way to make money should not invest in them. “NFTs act as digital collectables, art pieces and music royalties, but also a new revenue model via tokenisation that decentralises and vibrates various industries.”

Also, NFTs are not suitable for non-tech savvy audiences. NFTs are mostly for people who like to collect unique artworks or are interested in learning about this new technology. Some users, says Jay Hao, also buy NFTs to speculate on their value, which may or may not increase over time.