NFT is basically a digital signature or certificate of jpegs (pictures) to justify that you really own those digital goods.
And the reason it is so expensive is that the majority of people believe NFT as a speculative asset with a limited number of copies or that is distinguishable from the others. Thus, they believe that their value will increase over time which they can flip or sell to at higher price to gain profit.
Some people buy/mint NFT to have a bragging right. Others buy it to support their favourite artist, or perhaps, they are simply amazed with the aesthetics NFT has to offer.
Topic: What is NFT basically - page 2. (Read 198 times)
I've been noticing the term NFT in various projects on uniswap, but I'm not sure what it means. There's a price for NFT that's almost certainly higher than the token price. So, what exactly is it? What is the relationship between it and the project token?
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