The scarcity of an NFT is determined by its availability - Deepstash

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.

3

44 reads

CURATED FROM

IDEAS CURATED BY

kal_iuu

"Dreaming big means planning big." - Patrick Llewellyn

The idea is part of this collection:

Metaverse

Learn more about crypto with this collection

Find out the challenges it poses

Learn about the potential impact on society

Understanding the concept of Metaverse

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates