Why is creating an NFT so expensive?

Discussion of the NFT blockchain tenlogy
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osamudazai
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Joined: 19 Jul 2022, 09:29

Why is creating an NFT so expensive?

Each NFT is unique, and there’s only one of each available. Because of their scarcity, they fetch more money per unit of demand. In fact, some NFT collections are released on NFT marketplace for digital collectibles in small numbers, so once they’re all gone, their value will increase because there won’t be any more NFTs available for purchase.
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