The scarcity of an NFT is determined by its availability
The scarcity of an NFT is determined by its availability
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: relative scarcitywhich can be an essential factor in determining if an NFT can be a viable long-term asset or not. In a group of NFTs, there’s only a finite number of illustrations with similar characteristics. If it’s a mummy NFT project, there could be a limited number of NFTs that have a specific trait or characteristic.