NFT

Why You Should NOT Make NFTs in 2022

By Sawan Kumar
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Quick Answer

Honest 2022 guide on why not to make NFTs: market volume crashed 88% from January to August, under 5% of new collections sell out, and beginners without audiences lose AED 3,000-18,000 on average. Six-step framework to decide if you should wait or proceed.

Key Takeaways

  • 1Treat NFTs as a 5-10 year asset, not a 5-day flip — short-term thinking gets punished in the post-2021 market
  • 2Audit your audience honestly: under 1,000 engaged followers means you have no launch base and should build distribution first
  • 3Budget USD 3,000-25,000 all-in for a small collection — mint fees are the smallest cost, marketing and community are the largest
  • 4Pick one specific niche (e.g. UAE real estate utility, AI-generated educational art) — generic 10K PFP collections are dead
  • 5Write a kill-switch before you start: a specific condition (no presales in 48 hours, no growth in 90 days) that triggers a clean exit

⚡ Quick Answer

You should not make NFTs in 2022 if you expect fast sales, lack a long-term plan, have no audience, or are entering blind without studying the market. According to Chainalysis, only a small fraction of NFT collections ever sell above mint price, and DappRadar data shows NFT trading volume collapsed nearly 88% from January to August 2022 — the rush is over, the discipline phase has begun.

If you're chasing the headlines about overnight crypto millionaires, here is the honest reason why not make NFTs in 2022 should be on your radar before you spend a dirham minting anything: the market has already crossed from gold rush into crowded battlefield, and most beginners are walking in blind.

Direct Answer: You should not make NFTs in 2022 if you are looking for fast sales, short-term money, have no defined goal, are brand new to the space, or lack the patience to learn how it works. The NFT market today rewards experts who have built a niche, a community, and a brand — not newcomers who mint today and expect millions tomorrow.

Why Fast Sales Are the First Red Flag

The first reason to pause is the fantasy of instant liquidity. I have seen too many beginners assume that the moment they list a token, it sells. That belief is fuelled by success stories where creators appear to have minted a collection one week and made millions the next.

The reality is different. The people who pulled off those sales spent significant time, energy, and marketing expertise on social channels long before the drop. As I tell my students across the 74+ courses I have run for over 79,000 learners worldwide, no asset class — physical or digital — pays out before you have built distribution. If your only thesis is "list it and it will sell," the NFT space will quietly drain your wallet.

Short-Term Thinking Is the Second Trap

The second reason is the short-term mindset. Treating NFTs as a quick-flip vehicle — get in, mint, exit with a few million — is exactly the thinking that gets punished here.

NFTs behave more like a long-term investment than a lottery ticket. Plan with a five-year or ten-year horizon, not a five-day one. You cannot launch a collection on Monday, expect success on Tuesday, and cash out on Wednesday. Treat it like any serious investment: study, allocate, hold, refine.

No Goal Means No Plan

The third reason is the absence of a personal goal. Before you ask "how do I mint?" ask "where do I want to be in six months, one year, two years, or five years inside this space?"

  • Define the destination first — revenue, community size, collections shipped, or expertise level.
  • Break the goal into the actions required this quarter and this month.
  • Pressure-test whether each action is doable with the time and capital you actually have.

As a Chartered Accountant, I am wired to break big numbers into smaller, executable line items. Apply the same discipline here. Without a written goal, you are just buying lottery tickets in a crowded market.

Newbies Should Learn Before They List

The fourth reason is being too new to the space. If you heard about NFTs yesterday, want to mint a collection tomorrow, and expect a payday the day after, the math will not work in your favour.

Spend 2022 doing the unglamorous work instead:

  • Talk to people who have already launched collections — what worked, what flopped.
  • Study failed projects with the same intensity you study the winners. Failure patterns repeat.
  • Map out how the space has changed in the last twelve months and use that to forecast the next twelve.

The ability to forecast — to look at the current state of NFTs and reasonably predict what will and will not work in a year — is the single skill that separates experts from spectators. Experts make the money. Newbies fund the experts.

No Patience? This Industry Will Punish You

The fifth reason is patience. Every serious investment vehicle — equities, real estate, business equity, courses, books — pays out over years, not weeks. NFTs are no different.

You also need patience to absorb how fast the rules change. By the time you research a tool, a chain, a marketplace, or a launch tactic, the playbook may have already shifted. Your job is to build a learning loop fast enough to keep up. If sitting with that ambiguity makes you uncomfortable, this is not your industry — at least not yet.

Crowded Market: Why Niche and Brand Now Decide Outcomes

A year ago, supply was thin and demand was loud, so almost anything sold. Today the market is crowded, and it gets more crowded every single day. That changes the rules.

To stand out now you need three things working together:

  • Niche: a specific theme, audience, or problem your collection is built around.
  • Identity: a recognisable creator point of view, not a generic profile picture project.
  • Brand and community: people who buy because they trust your taste and believe future drops will hold value.

Buyers are not investing in pixels. They are investing to grow their position. That growth depends on a community that believes in your work. Build the community before you mint the collection, not after.

Who Should Actually Get Involved in 2022

If after reading the five reasons above you still feel pulled in, that is a healthier starting signal than excitement about quick profits. The right NFT participant in 2022 has:

  • A multi-year horizon and capital they can afford to lock up.
  • A defined niche, audience, or artistic point of view.
  • A learning routine — creators followed, marketplaces watched, drops dissected weekly.
  • A small, real community they are already in conversation with.

That is the profile that compounds. Everything else is noise.

Closing

The honest answer to why not make NFTs in 2022 comes down to mindset: fast-sale fantasies, short-term thinking, no goal, no foundation, and no patience are why most newcomers lose money here. Your next step today is simple — write down a one-line, multi-year NFT goal and a list of three creators you will study every week for the next ninety days before you mint anything.


Keep Learning

If this was useful, these are worth reading next:

PlatformMint Fees (2022)BlockchainBest For Beginners?
OpenSea2.5% commission + gas (USD 20-150)Ethereum, Polygon, SolanaNo — saturated, no discovery for new collections
Magic Eden2% commission, low gasSolanaBetter — lower fees but Solana volume down 90% YoY
Foundation5% commission, invite-onlyEthereumNo — invite gate excludes 99% of beginners
Rarible2.5% per side + gasEthereum, Polygon, TezosMarginal — low traffic, hard to get seen
Objkt (Tezos)2.5% commission, gas under USD 0.50TezosBest for experimenting — cheap to mint, low pressure

Source: Platform fee schedules and DappRadar marketplace rankings, 2022 data.

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