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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

December 11, 2021|DeFi, NFTs|

Is NFT a Cryptocurrency? NFTs vs. Cryptocurrencies Explained

When it comes to traditional investing the markets are very efficient and lacks discrepancy most of the time. On the other hand, both cryptocurrencies and NFTs (Non-fungible tokens) are still in their early stages and are not efficient when it comes to pricing thus creating opportunity for buyers to make substantial income/losses. In this post we will talk about the difference between the NFTs and cryptocurrencies. I am assuming you already have some idea about each of them.     Cryptocurrency is a digital currency issued in a private system, it is not regulated and ...Read More

November 7, 2021|DeFi, Investment, NFTs|

Are NFTs a Pyramid Scheme? 4 Reasons Why it Feels Like it

You may have heard that NFTs are pyramid scheme and holders want to sell you for their own benefits. On the other side of the argument, you will find a technical guy trying to explain it to you from A to Z and why it is not. As a quick answer to your question, NFTs main purpose is not to be a pyramid scheme. But certain projects can structured to be. Before we start, here is a link to an article from the Verge if you want to have an idea about what are NFTs ...Read More

October 24, 2021|DeFi, Investment, NFTs|