Why people buying NFT

[OrangeII]

the most minimal thing is that it's for collections. they might have had other reasons for buying the art, but the minimal reason was to collect it, especially if it was distributed in limited circumstances. we know that some people are even willing to spend hundreds of dollars on their favorite card.
To be honest, there are a lot of weird things out there that are even bought at a high price. I've seen some strange things like used chewing gum, used tissue, and other things on sale at fantastic prices. we never know why someone would buy it, but it's because they need it.

[jrrsparkles]

You can admire it and that's it, when you have lot of money and willing to spend to create attention then spending in such way will hell you and NFT srt is just a collectible item which has been already told by many people.

If you look at the development of the NFT token so far I think it has a promising future,
and if it's serious to invest in NFT we can buy it,
but before buying we also need to analyze it because after all it is an important thing that we must do

There are only new projects, I don't see any developments in the NFT projects which has been sold.

It was good when the market got hyped but in the long run its very unpredictable future where I don't put my money for sure.

[LogitechMouse]

I just wonder why people buying NFT artworks like cryptopunks. I am not against NFT and I love it. I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it.. But for NFT artworks can you tell me what is the benefits. And why some of the people buying it?

There are many reasons but I think these are the 2 main reasons for it.
They are collectors.
They want profit.

Collectors - I don't know why because I'm not a collector of anything whether it is a physical coin or a physical item or a digital one but there are some collectors worldwide who will spend much money just to have some collection. I still remember the investor who bought a digital NFT art for around $60,000,000. That is how passionate these collectors are. They will spend money just to have some collection. Ohh wait I play Axie Infinity too so the Axies I got are all NFT so I can consider myself as a collector then .

Profit - No further explanation into why. You know the reason already

[danherbias07]

Different perspective. Some people may just want it for collection. Others find it profitable in the long run. While some will do it just for support for whoever made the artwork. Same with you I am also buying NFT with games. That's because we also want to play the game and profit at the same time.
I have DPETs and even with all the failure they made I still want to see how the game will end up when the roadmap is done.
I don't want to look like a hypocrite but I want the profits too, just not this early because I know there is a roadmap that needs to be followed.

[isabellel2]

I just wonder why people buying NFT artworks like cryptopunks. I am not against NFT and I love it. I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it.. But for NFT artworks can you tell me what is the benefits. And why some of the people buying it?

Why do people buy NFT? in my opinion this is a new trend people follow the trend and it is like a collection of precious pictures and collectibles in real life we have paintings, antiques ..ect , in the crypto world we have NFT , and the special thing about NFT is that it is an irreplaceable , collectible as well as long term storage .

[goolesby]

The importance of NFT lies in providing the ability to securely value, purchase and exchange digital art using a digital ledger (blockchain). NFT can be used for digital artwork, online games, and more.
NFTs are typically created by uploading files, such as digital artwork, to an auction marketplace. Just like any other art form, NFT is not interchangeable, making it more like a collectible but in digital form. art and collectibles are expensive things for collectors.

[Rikotin]

regarding NFT artwork, there are 2 options.
1. artists, painting collectors, etc. love NFT artwork because it has its own characteristics and usually they are part of Artists in the real world.
2. For me personally or maybe a cryptoqurrency user, I only use NFT as an alternative investment to make a profit, for example buying NFT A for $70 and selling NFT A for $130.
and maybe there are also those who believe they have a high selling value in the future.

[Melignya]

Mostly everybody associates NFT with pictures, gifs and so on, that's understandable. But in fact, it turns out that there are a lot of other ways to use NFT, I've read recently an article about it, and I think that answers your questions can be found here.
https://blockster.com/blockdesk/1341_nfts-aren-t-only-for-art-other-nft-use-cases

[anunauri]

I just wonder why people buying NFT artworks like cryptopunks. I am not against NFT and I love it. I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it.. But for NFT artworks can you tell me what is the benefits. And why some of the people buying it?

It's much easier to launder money by buying and selling NFT. Consider this scenario. "X" sells drugs and gets paid in crypto or converts his black money to crypto. Lets say he has 1000 ETH. Problem is still fiat is needed to enjoy that money more easily. "X" knows it is tough to explain how he earned so many ETH, so he makes multiple wallet addresses, and buys or make a cheap jpeg NFT. He starts quoting 20 ETH, 50 ETH, 100 ETH from diff wallet and finally buy his own NFT from another of his own wallet at 1800 ETH. Since no KYC is required in NFT markets, he has successfully made a trail of where the money came from and can easily convert it to fiat.

Around 70% NFT market is running coz of this, remaining 30% is looking for future possibilities. Jpeg NFT is no future but def good scheme for hustlers.

[seramania]

The NFT hype is huge this year. I think that's the main factor that NFT can become popular. In addition, NFT has many types and supports many concepts. The increase in NFT is also said to be very fast this year. no wonder so many people allocate money in NFT

[masterrex]

I just wonder why people buying NFT artworks like cryptopunks. I am not against NFT and I love it. I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it.. But for NFT artworks can you tell me what is the benefits. And why some of the people buying it?

I guess its the hype that was driving the NFT craze today, and because it's a new trend in crypto that's why as usual many people/investors are speculating/investing in it like always done by crypto investors, some NFT artworks are looking simple but it was sold in a higher price that's why for me it's hard to guess base on what we see, I find NFT Games are more good and suitable like Axie compared to the plain NFT artwork that just made for collection.

[ttcsalam]

I just wonder why people buying NFT artworks like crypto punks. I am not against NFT and I love it. I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it.. But for NFT artworks can you tell me what is the benefits. And why are some of the people buying it?

I think the trend is now NFT for that reason everybody wants to buy NFT so I am also trying to buy some NFT after someday we will see very good something about NFT. 

[LongStand]

People buying so many NFTs because they were adorable and people could make a lot of money flipping them that they clogged the Ethereum blockchain. NFTs have a lot of advantages, one of which is that they enable digital artists to claim ownership of the process. It used to be difficult to make money from files that people could freely download and distribute.

[DOH!]

.. But for NFT artworks can you tell me what is the benefits. And why some of the people buying it?

NFT has 2 advantages of being irreplaceable and identifying the owner. That is an advantage to provide change to the erosion in the outer fields of art. In art, works value inconsistently or non-quantitatively by mixed value to the buyer. There is still a lot of skepticism towards the NFT because many people still judge its hype objectively.
But I think, NFT is the future of practical problems, it will solve many spaces left behind.
Nike is also a pioneer in digitizing shoes into the NFT space. That is proof of its practicality.
https://boardroom.tv/nike-cryptokicks-sneaker-offspring/
Haute Couture NFT
https://cointelegraph.com/news/haute-couture-goes-nft-digitalization-at-the-paris-fashion-week

[Woodie]

I guess NFTs are the trending technologies on the blockchain at the moment and with the continued high priced arts that are banking in big, this ecosystem continues to show growth and this could be because more people that appreciate art are getting into the ecosystem or just want to be part of the blockchain technology through NFTs a niche they might understand better than othet speculative crypto coins.

[iv4n]

People buying so many NFTs because they were adorable and people could make a lot of money flipping them that they clogged the Ethereum blockchain. NFTs have a lot of advantages, one of which is that they enable digital artists to claim ownership of the process. It used to be difficult to make money from files that people could freely download and distribute.

I will go with this, NFT can be adorable and interesting, at the same time they can be profitable. What more is needed for people to get hooked?
Probably not many NFT projects will survive the test of time, but some projects are here to stay I believe and that's what makes NFT market still interesting to many people.

[armanhusni]

NFT or Non-Fungible Token is a crypto technology such as a digital certificate stating the party who owns the photo, video, or other virtual form (digital work), the NFT token can also be said to have many uses so that many people buy NFT as an asset.

[isaac_clarke22]

~

Ain't with the hype of Axie, but pretty much because a lot of people especially around my area are not into too much technical stuffs like trading/investing. I haven't still tried that game I mentioned, but I am pretty sure people are into it not just because of the price of it, but the interactivity throughout the game.

[Silberman]

I just wonder why people buying NFT artworks like cryptopunks. I am not against NFT and I love it. I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it.. But for NFT artworks can you tell me what is the benefits. And why some of the people buying it?

You have answered your own question, the people that are buying any kind of NFT are doing so because they are looking to get benefits out of it, they want profits and that is the only thing they care about as I find difficult to believe that anyone is actually going to pay that much money for the love of art, you do so because you think it is going to be a good investment but unfortunately this is not going to be the case for 99% of those works and the people that bought them are going to regret doing so in just a few years.

[DibiaVxosis]

NFTs has been trending lately in the crypto space sometimes I really wonder why it got so much hype, well I think the NFTs coin are promising and a good source of investment that's why it got so much hype and also it's kinda promote creativity in the crypto space, what really baffles me is the high prices it's been sold for, like people are spending a whole lot of money just to own some graphics like I feel so amazed. With time I will get to understand how all of this works and would surely like to take part in it as well.