
Georgiana1x
@georgiana1x
What factors determine the value of an NFT?
The value of an NFT depends on rarity, utility, community, and demand. Rare NFTs, like those from limited collections, often have higher value. Utility plays a role if an NFT grants access to exclusive content, in-game assets, or financial benefits. A strong community and brand, such as Bored Ape Yacht Club, add credibility. Demand is also critical—if collectors and investors seek a particular NFT, its price rises. Market trends, artist reputation, and historical sales also impact value. 0 reply
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