Cryptocurrency Q&A
Why are NFTs so expensive?
Why are NFTs so expensive?
BusanBeautyBloom
Thu Dec 12 2024
|
5 answers
828
I've been hearing a lot about NFTs recently and I'm just wondering why they are priced so high. I mean, they are just digital assets, right? Why are people paying such exorbitant prices for them?
5 answers
Caterina
Sat Dec 14 2024
Prior to NFTs, the concept of ownership in the digital world was ambiguous and often debated.
Was this helpful?
348
51
KimonoElegance
Sat Dec 14 2024
The invention of NFTs marks a pivotal shift in establishing ownership within the digital realm.
Was this helpful?
51
80
GliderPulse
Fri Dec 13 2024
In the physical world, the price of art skyrockets due to the scarcity of originals. Each piece is unique and cannot be replicated.
Was this helpful?
126
30
KatieAnderson
Fri Dec 13 2024
However, digital art faced a challenge in that there is no intrinsic difference between the original and a copy. This lack of distinction hindered the appreciation of digital art's value.
Was this helpful?
117
38
mia_harrison_painter
Fri Dec 13 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the evolving digital asset market. These services include spot trading, futures trading, and a secure wallet for storing digital assets.
Was this helpful?
186
53
Related questions
- Where can I send my tokens & NFTS?
- Why are NFTs a bad investment?
- Is NFT still profitable?｜“NFTs have seen incredible returns on investment, with rare and sought-after pieces being sold for big profits, and some NFTs can still offer a unique way to diversify your investment portfolio if you have already invested in other digital assets. The reality, however, is .”many NFTs stay unprofitable
