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Why is creating an NFT so expensive?

Posted: 16 Mar 2023, 06:06
by osamudazai
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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