Why are NFTs Expensive? 7 Reasons that Makes NFTs Valuable
Most people will view NFTs as part of the “greater fool theory” where they believe that demand is the main reason of the value while disregarding its other value creation functions. I agree, demand has significant influence, whatever the crowd goes to buy everyone else follows but it is not all the value driver. Unlike random files, an NFT is a programmed file with metadata (unique identifier) that is kept in its holder’s wallet/account through the blockchain technology. This NFT information is public to everyone which means everyone can identify the current owner of the ...Read More