NFTs are scarce

People enjoy collecting NFTs because they enjoy purchasing art. Numbers, charts, and stock graphs hardly compare to mystifying digital illustrations, awe-inspiring videos, and gaming rewards.

NFT art collection is similar to a real-life art collection at an auction house.

NFTs are already changing the gaming paradigm by seizing power from the big companies and handing it to the players.

Decentralized gaming works by developing games built on decentralized technology.

The play-to-earn model helps games make in-game rewards by playing th...

NFTs make ownership easier to manage, thanks to the blockchain. Since minted NFTs are part of the blockchain, they cut off intermediaries and empower content creators.

Now, you’re able to create your stuff and sell it to those interested in them directly. A musician can...

• If there are only an X number of NFTs available ever, then that means after all of them are sold out, it’s over. This is what’s known as absolute scarcity.
• However, even inside the pool of available NFTs in a collection, there’s another type of scarcity: re...

NFTs are being used as access keys to many events, such as Coachella’s lifetime passes. Soon, NFTs will be understood as more than pixelated illustrations or GIFs: they’ll become entry passes for events, clubs, and memberships.

This hints at the diverse ways NFTs can be use...

They are viable as long-term assets because they can be easily traded without restriction.

Their record of authenticity and proof of ownership provides owners with a sense of security around their assets.

• Not everybody knows how NFTs work, but you’d be hard-pressed to find someone in 2022 who hasn’t once heard about the term.
• NFT was the most searched word on online browsers in 2021.
• Today, many big companies, brands, and business conglomerates are investing i...