It is completely unclear to me why some people give so much money for NFTs.
This may be an unpopular opinion but I have to say what I have been thinking for a long time.
Maybe NFTs have a great future and huge potential, but right now I see it as garbage. Pixelated garbage. 10 second made pixelated garbage. It is not used for the purpose it was made.
Almost everyone who buys NFTs buys them for one reason only – to sell them at a higher price. And that is it, nothing else.
I don’t see their point, nor the point of giving so much money for something that is considered as a digital “art”. Maybe I don’t understand digital art. Maybe it’s just me, and maybe it’s not. Maybe when the bear market comes most people will be left with their hands full of useless nothingness.
Artists who don’t have many followers make NFTs of the same quality but fail to hop into the market. The reason is simple, sales, higher earnings and that’s it.