Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: martinnura on March 15, 2023, 12:18:24 PM

Title: Why do people spend so much on NFTs?
Post by: martinnura on March 15, 2023, 12:18:24 PM
The emotional component is something that usually leads people to buy NFTs of their favorite artists and celebrities. But most often, people buy an NFT because of the prestige that comes with owning one. They’re a sort of flex, like owning a Porsche or a Rolex. And who wouldn’t want a status symbol?! That being said, NFTs also come with an element of exclusivity. For instance, an A-list celebrity could win an NFT from the same collection as you. You could also be invited to certain events that have stars attending! Which brings us to the utility of NFTs. Recently, the largest NFT marketplaces have been keen on offering utility to the buyers which drives up the value of an asset.
Title: Re: Why do people spend so much on NFTs?
Post by: Harkhinkhunmi on April 14, 2023, 04:04:18 PM
I think it's because of the potential it will bring in the nearest future. Recently came across, DefinityLegend is the first NFT Play To Earn game that allows players to own. And there Genesis Edition Mascot MINTING is going on at the moment.
Title: Re: Why do people spend so much on NFTs?
Post by: blockson on June 18, 2023, 11:37:54 AM
they can hold it forever until network s alive
Title: Re: Why do people spend so much on NFTs?
Post by: cryptolinkbase.com on July 01, 2023, 03:20:00 AM
Most of top NFT are only for traders. Buy and sell game.
Title: Re: Why do people spend so much on NFTs?
Post by: Ramires Dudli on July 22, 2023, 05:18:42 AM
Seems to be a buy and hope thing, Althou we have a NFT project also, they are not JPEGS.

Personally I never understood the purchase of a JPEG in this sense.