Why people buying NFT

[kobir6678]

NFT is the trending topic in crypto or Blockchain Economic.Crypto or NFT building a batter Investment way.

[24Kt]

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.

Aside from the hype surrounding in NFT today, some are just really good in marketing their NFT collectibles. But if you are a buyer, you should really think many times before buying one. First, you need to consider the artist who is selling the NFT art, will it fetch good price in the future? Do you think someone will buy the item if you decide to sell it in the market? Selling this would not be easy as not many people are interested in collecting digital art. So one thing also that you need to prepare, is if you can wait your chance when somebody notices your item. Bottomline, don't just buy any NFT art, consider you chances here first.

[adzino]

All sounds like a hype. They say owning the NFT means you can prove the ownership (and originality?) of the art. But I still don't get it. Like why... You buy and art, someone can have the same exact copy of your art. You both see the same thing. OWN the same thing. Either everything is all crazy or I just don't understand the real value of NFTs. But all I know is that most people are buying it hoping to make some nice (quick?) profit. Do you guys think NFTs will still hold the same value after the hype goes down?

[letyouearn]

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?

The question is similar to "why people are buying some shitty modern art minimalistic drawings?"

There are too answers for this.

1) They know or see something that you can't see and understand. Something valuable for them.

2) They are just fools, trying to be trendy and pretending to have a good taste.

[DarkDays]

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 think this market force behind NFTs is all a matter of speculation. People have the idea that in the future the NFTs they purchase now might be worth much more.

The way I see it, it's a testing game and I'd imagine for some people dropping a few ETHs here and there is nothing when they can experience the NFT market, and the expected future return. Put simply, NFTs generally are just another hyped up thing.

[andeluna]

Its like buying a limited edition toy if a developer make a unique NFT then they will sell it for some investors and NFT player, because it has its own value the rarity and the developer making it a higher value NFT to sell in the online market. Thats why people buying NFT whenever they can sell it or make it a collection because it has a value like digital art.

[FinneysTrueVision]

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 seems like everybody on crypto Twitter has an NFT profile picture. I don't really get the attraction. I can see how having a unique image while preserving anonymity would be interesting to some extent but I can't imagine paying more than $5-10. People are paying insane amounts for cryptopunks. I'd rather just pay a talented artist to make me some custom personalized artwork I can use for my profile picture.

[thecodebear]

It's just people who got into Ethereum early and are very rich now and they haven't cashed out so they just have a ton of ETH and don't know what to do with it. So dropping a few hundred thousand dollars on some crappy image NFT is no big deal. Sure in a few years they won't be able to fetch $10 for it. But they're rich enough to not even care. It's just all hype and lots of early buyers who are whales now with nothing better to do than blow tons of money.

[DonFacundo]

Well I guess they can make money of it by selling it at high price, it's just like buy low and sell high but there are some people who likes NFT art work just for their collections. Me, I'm not a fan of NFT art work but only NFT games, it's a good investment than NFT art works.

[marine4u]

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

Because it is in the segment as a work of abstract art.  Speaking of "art", it means that it is not within a fixed price bracket, for those who do not have an artistic eye, they will not know the love and value of the work, but for those who have  subject, they can buy it because it has something special they see, or simply because they love it.  Art is macro when it comes to value.

[NeverSop]

I think, first, they like the idea of ​​art… and then they believe in the NFT's trend towards minting or digitizing art into practice.  NFT is a solution to help remove the rut from primitive identification mechanisms, the impact of intermediaries on the value of the work.  So, owning an NFT kit at an early stage is a good guarantee for their benefit.  The NFT is still in the early stages of this movement.

[big kid]

I don't really understand it too. IMO in time those NFT's only will lose their price. If they doing this to support NFT market it makes a little sence.

[Jolankaa]

I think, because it's trendy now. Even contests are held in cooperation with the NFT. Here's a givaway from the Blockster, for example. https://blockster.com/blockdesk/1402_blockster-is-launching-a-new-nft-campaign-in-collaboration-with-enjin

[bakasabo]

The only reason I see why so many people are buying NFT is a pure speculation. They want to resell NFT while they are on hype.
I dont see any art in NFTs. As a picture, it can be counted as an art, a digital art. But there is no extraordinary behind it. If I will search for art or for pictures, I will simply google "pictures" or "pixel art" and will find way more interesting items.

I start to feel that NFT is a copy of a in-game skins, weapons, clothes and etc. What was popular to buy in video games 5-10 years ago, migrated to the Internet.

[bitcoworld]

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 never invested in the crypto punks sadly, could kick my ass for that but last year I found NBA Top Shot, and was pretty interesting so I bought some of those NFT moments and made a lot of money when the hype about Top Shot peeked earlier this year. I think NFTs are a good way to make money if you manage to get early into the projects and buy stuff way cheaper

[guydin]

I have the same question as I am not a shrewd observer when it comes to art. But when we talk about collectors, they have a passion for buying something rare. Sometimes they are just boastful, sometimes their collection is just something beyond price. If we are talking about NFT art works as investments, I don’t really think that it is a wise choice. I consider it to be rather a lottery

[Melignya]

A contest from Blockster in collaboration with NFT and Enjin. Blockster is launching a new NFT campaign in collaboration with Enjin.
You can get NFT for free if we have a registered account on their social network. Join in!
https://blockster.com/blockdesk/1402_blockster-is-launching-a-new-nft-campaign-in-collaboration-with-enjin

[harizen]

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?

Self-preferences and some "hype" circulating around that NFT.

There are collectors who take their collecting stuff into digital. I don't know Cryptopunks that much but for example Razer and Coca-Cola, they have a large user -base that supports their stuff so regardless of either of these collections will have a good price in the future, they will just buy it no matter what.

Somehow it contributes to the popularity of NFT. Who knows that NFT art collections will be soon much more hype and profitable. For now, NFT games are the most hype because of play-to-earn features.

[cricketkhampion]

Many people are buying NFT. Because you can see that NFT is going Famous In these days cricket and football ticket are selling in NFT and also WWE ticket are selling in NFT I hope it will grow in future and it will give us many benefits

[LordMiguel]

ìt is called digital Arts. the same way pictures on  boards are price highly. some paintings depicts loads of meaning and some people spend huge amount of money to own such art works. the same can be said of NFTs. they are digital arts and are unique. they will never be built again by another person. traditionally arts can be repainted and redesigned by another artist but same can not happen for digital arts especially NFTs.