Ahren Posthumus said it’s a really good time to buy, but cautioned investors to double-check projects before investing their money.

An NFT expert believes this is a good opportunity for investors in this space, as minimum prices for non-changeable token (NFT) pools are falling with the broader crypto market.

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

Posthumus believes greater asset fragmentation could be the next big thing for NFTs. Citing the stock market as an example, the CEO believes that breaking down expensive assets into smaller, more affordable pieces will make assets more attractive to retail investors. “That’s what the stock market did to invest in companies, and it’s been a huge success,” he said. The Executive Director explained:

“Perhaps the application of blockchain with the greatest potential for future utility is partial ownership of assets that were previously inaccessible to the general public, sometimes referred to as tokenization.”
Apart from that, the NFT expert underlined that NFTs can contribute to climate action and positively influence efforts to address environmental concerns. While NFTs are often associated with works of art, Momint’s CEO emphasized that these are digital certificates of authenticity. This makes it an ideal tool for obtaining carbon credits. Also, Posthumus explained:

“You can start NFT projects specifically designed to raise money for environmental initiatives. That way, you can leverage the buzz of NFTs to raise money and awareness for environmental causes.
When asked if it would be a good idea to buy an NFT during the ongoing crypto winter, the CEO replied “yes” but urged investors to check the underlying value and fundamentals of the asset before investing.

Finally, as the world is facing a recession, the CEO said that investing in blockchain infrastructures like Ethereum would be a safer bet. “Some blockchain applications will prevail, but many will turn into uncertainty,” Posthumus said.

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NFT investors spent 963,227 ether in the first half of 2022

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According to a report by data firm Nansen, it prints on the Ethereum blockchain alone, worth around $2.7 billion. Other blockchains such as the BNB chain

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288 dollars

It had a $107 million mint NFT at the time of Avalanche.

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77 million dollars.

Source: CoinTelegraph