Why are NFTs so expensive?

The value of NFTs depends on several key factors:

Rarity

The rarer an NFT is, the higher its value tends to be. Rarity can be determined by unique features associated with the NFT, such as limited editions or special attributes.

Request

Buyer demand for a particular NFT directly influences its value. NFTs associated with well-known artists or popular projects may attract greater interest and therefore have a higher value.

Artist’s reputation or project quality

The reputation of the artist behind the NFT or the quality of the project with which it is associated can also influence its value. NFTs created by established artists or as part of well-designed projects often have a higher value.

Some NFTs offer special benefits that can increase their value

• Exclusive rights: Some NFTs come with exclusive rights, such as access to special events, unique experiences, or even meetings with the artist.
• Financial benefits (similar to dividends): Some NFTs offer outright financial benefits, such as gifts, airdrops (free distribution of crypto-assets), NFT babies or even sporadic income (dividends).

When it comes to the perception of these artistic NFTs, there are different perspectives:

Some see NFTs as investments in digital works of art, viewing them as unique expressions of artistic creativity.

And others see it as a speculative market: Others see NFTs as a speculative market, where values fluctuate according to speculation and demand, without necessarily being linked to the intrinsic value of the art or project.

Ultimately, the value of NFTs is subjective and can vary according to individual perceptions, scarcity, demand and other influential factors.