Posts

why are nft so expensive

Image
Many people are confused as to why non-fungible tokens are so expensive, and the answer is that they're not. In fact, despite being one of the fastest growing cryptocurrencies in 2018, NFTs still aren't that big of a deal. But like most things in life, when it comes to money and cryptocurrency you should always be wary. image source: mintspace.io This article will talk about why non-fungible token, which are used in both crypto and the gaming industry. Non-fungible tokens are not fungible and they have different attributes that make them attractive to certain applications. image source: nftstars.app In general they provide an alternative to the global spending model used with fiat cash in an escrow account. They also allow for scarcity and aren't necessarily diluted as fiat is.Non-fungible tokens add a lot of value that can't be measured by comparing them against one another because each token has unique attributes that makes it valuable for a specific application. imag