What role does rarity play in the value of NFTs?

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tomhollon
Posts: 69
Joined: 25 Oct 2022, 11:51

What role does rarity play in the value of NFTs?

Rarity adds perceived value to NFTs, influencing their desirability among collectors. Scarcity can be achieved through limited editions, unique attributes, or unlocking rare content. Collaborating with renowned artists or creators can also contribute to the rarity factor. Balancing scarcity with accessibility is crucial to maintaining a diverse user base.

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