About the NFT
Oct 22, 2024 | by cs
Why do you think paintings are so expensive? Perhaps you think that they are valuable because of their author, someone will say that because of their old age, perhaps someone thinks that because of the various news stories like the kidnapping of the painting, and they will all be right, but who can answer why NFT are expensive? No one has ever kidnapped them, not one NFT can't be more than 7 years old, and mostly their authors are not popular. So why do they cost so much? Do you think those who bought the stoned monkeys themselves know what their value is?
Imagine for example in the 1700s some artist finished a painting that in the early 2000s will be sold for several hundred million dollars, but let's not get ahead of ourselves, here he finished the painting, and what? Did it immediately become valuable? Well of course not, it became valuable because something happened to it, maybe its author did something bad or good, maybe the painting was stolen or tried to ruin, in general it doesn't matter, what matters is that it didn't become popular for a few years. But the NFT somehow managed to grow to millions of dollars in a matter of years or even months
But if you are a creator of an NFT collection and you want to make money from it, is it possible? Yes, but first you have to make interesting art, don't put very high prices and Yes in general everything, there is an erroneous myth that NFTs are already dead, this is certainly not true, Open the statistics of collections on OpenSea, the volumes there are gigantic. Conclusion, if you want to make money here, just make cool art
NFTs can't be bought for millions of dollars, they just aren't worth that much, if you want to lose money then NFTs are a good option