Why are NFTs so expensive?

Section for collectors of NFT art.
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martinnura
Posts: 85
Joined: 02 Aug 2022, 08:45

Why are NFTs so expensive?

NFTs have been taking the world by storm since their boom in 2021. We hear about pictures of apes going for exorbitant prices! But what exactly makes them so valuable? Well, for one thing, they are unique and non-fungible. Like any physical artwork, there is only one NFT of its kind and it cannot be traded for another copy. NFTs also allow you to own the asset instead of just saving an image. As is the case with NFT gaming marketplaces, NFTs also come with great utility which makes them very dear. And more importantly, NFTs are the road to the future of the Metaverse. And who wouldn’t want to be part of that futuristic world?!

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