Why people buying NFT

[Rocky993]

Will be considered an antique piece created in the digital world and among those NFT generated in the crypto digital world that is simply marked as low RAre.  People are collecting from him.  The latter will make a profit by selling at a higher price than the market price or some person is collecting his own collection as antique pieces.

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[senyorito123]

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?

This NFT artworks has a huge future because of it's effectiveness towards every users, it amazingly captures the heart of several gamers who deligently playing different virtual games that they would earn good coins. One example of that earning as you sad was coming from axie, deFi pets and many more. As you buy and hold NFT's digital products, it's like owning a physical asset which is more valuable than a property like residential or lot area.

[Pelana vreo]

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?

Many collectors collect cards like that because they have a long-term goal, maybe some people will be surprised by the price, but for collectors who like art, they will collect it and in my opinion art is highly valued so that regardless of the price the card or painting will have a high selling value. recently Visa also invested in NFT by buying cryptopunk cards, I think they have a purpose, because some people have cards for fun purposes, like groups that have NFT to get access to a place.
if I can buy then I will also buy NFT which can be used like a game and I'm sure one day the price will go up 100x

[HashingTower]

Art is Art accepted but digital Art been sold for millions of dollars is crazy, why? I can't even display them physically in my home 😅 I'm surprised people are buying digital art 😁 it works but it's the least of what I could spend money on, I just prefer in game NFT tokens over Art NFT

[MaiQwaN]

People buy NTF, realizing that it will be possible to earn money on this later. This is an investment, so you need to be aware of all the risks and understand when you need to get out of this at the right time.

[dothebeats]

NFT artworks are like your physical artworks IMO. The difference is one can be damaged due to mishandling since it can be physically held, while the other cannot be tampered with, nor damaged, in any way since it exists in the blockchain. Plus, people found out that you can make money in NFT artworks very easily compared to physical artworks—and it's easy to get in on the market, too. Lastly, some are just really avid collectors of artworks thus they buy NFTs aside from buying physical artworks, too.

[SlimShadyMmp]

The same reason people buy art work or even bid millions to get a piece I didn't some people like to collect and keep rare items So basically most nfts are very rare and it adds to o some people collection or vr pleasure

[alpamar99]

for NFT itself, I feel more emphasis on fun because what I have felt so far apart from getting its own benefits from there I am also very happy because NFT is now starting to bloom in the game system and this is one of the main attractions for me, which is actually me. are lovers of games.
With the presence of this NFT-based game, it becomes a differentiator for me because apart from getting the benefits, I am also free to express myself in the game.
especially now that NFT is in a huge hype that many people want to experience and try the same thing.

[Baimovic]

I think the very high NFT hype proves that NFT art is currently highly sought after by art enthusiasts or as an investment tool that has a very high potential price, if we look at the transactions that exist in cyberpunk NFT there we can see a very significant increase in NFT prices. from the beginning the NFT was formed because of the unique NFT system of course it could be a rare item with a price that could be very high in the future.

[Psynthax]

Openocean is the market place for selling and buying NFT card, depend with many people which one their favorite NFT card to buy, but I am not fans with NFT and never interested to buy NFT because do not know what for NFT. I know with many NFT have expensive price but not understanding why many people waste much money to collective NFT, what for and how to use NFT to earn money.

But it's different with NFT for game items or character like many NFT games, it's useful for playing the game and the price also make sense although sometime the price feels too expensive but this characters for games in form of NFT can be sell in the axie market again so I think it's worth it because there is demand for good in game character with good ability, etc.

[tisoysoy]

In my opinion they buy those nft artworks because they love to make it collection. And they have a lot money so its there's no problem regarda on that matter. They had a lot of business or investment here in crypto or in real-world.

[Orange89]

AS I ALWAYS SAY TREND BENEFIT EVERYONEgo with trend you will Alway find success nft a non-fungible token digital asset which is represented in the form of Artwork music  Design signature the main reason people buy such collectible because it can you used in game as an nft card in which user can only play and earn when they have a nft card that's the main reason that nft market coin value are pumping as more people buy the NFT and that ultimately help in the growth of platform so that's the reason that NFT's had been pumping

[Lordshiva]

We are in NFT season why won't people buy NFT? Its clear that NFT projects are pumping here and there bringing many gains to their investors as we speak, though there are scam NFT projects but there are also reliable ones either Art or in game NFT tokens

Yes exactly NFT's are in trend these days and are growing rapidly and we all see this as a very good investement opportunity so why would not people buy NFTs.
Yes there are scams but there are some very interesting and greats ideas in some of the projects which are worthy investing.

[arditiyan]

this is clearly the effect of NFT which is easy to hype and pumps quickly, why do people put assets in large amounts if it is because of hype and wants to get big profits. but in addition to only the profit factor NFT also has a good system, there are lots of concepts of coins that use NFT and it's like a new concept that attracts many people to join there

[dhemasm]

this is clearly the effect of NFT which is easy to hype and pumps quickly, why do people put assets in large amounts if it is because of hype and wants to get big profits. but in addition to only the profit factor NFT also has a good system, there are lots of concepts of coins that use NFT and it's like a new concept that attracts many people to join there

Yeah, current NFT trend it's only Quick Profit scheme which is bad & good at the same time but basically have a lot potential especially on the Content, Finacne and many other markets. As we can see today there are a lot NFT project without real use case and only some of them have an good concept for example like Axie Infinity, Offering Economic & Gameplay in one platform. Let's hope we will see some good stuff on the NFT market in the future!

[geegaw]

We are in NFT season why won't people buy NFT? Its clear that NFT projects are pumping here and there bringing many gains to their investors as we speak, though there are scam NFT projects but there are also reliable ones either Art or in game NFT tokens

Yes exactly NFT's are in trend these days and are growing rapidly and we all see this as a very good investement opportunity so why would not people buy NFTs.
Yes there are scams but there are some very interesting and greats ideas in some of the projects which are worthy investing.

Well, NFT is mostly a farm game world with hard work being the top factor for cashback, can also imagine us as new generation miners with diggers that are characters and accessories in NFT games, the official profit is only generated after the payback is completed, buying early will be a conscious act of those who understand the essence of the game. New cryptocurrencies are very detrimental to the long game, their future stage is few and lacks a leader and users need to exploit them optimally before they announce bankruptcy in value.

[Ararbermas]

It's surprising mate because it's trending around the internet and alot of people really take the advantage since most of the feedbacks are good when it comes NFT. and investors really made good return from it because of the hypes nowadays wherein still very amazing actually, especially when it comes short period of time, the profits that can be made is like more than months of holding compared to some token in the market. Lol so for me its not surprising tbh why investor really going crazy in it right now.

[doomloop]

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 people are buying such NFT artworks for the same purpose that they will buy it in real life. I also used to wonder why people would pay for actual artworks and with time I started to understand why. Some of them are being bought as a collection and people will use them to form a collection library, as time goes on these people may decide to sell these collections and make money from it as well, the worth will keep increasing.

So, NFT imitates the same thing, they are buying them as a collection and they might decide to sell them later, whatever their choice may be. And also I think that you can also profit from NFT artworks you buy when people download and share any artwork you own.

[Abiky]

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?

People are only buying NFTs because of the hype. They don't care about the utilitarian value of an NFT. The public only cares about making a lot of money in the least time possible. Right now, the hottest NFTs are mostly in-game items. Digital arts/paintings and other collectibles are left behind for good. Expect to see new NFTs pop up every once in a while, as popularity grows like there's no tomorrow. NFTs with intrinsic value will survive in the long run, while the rest will go down the drain. If you're planning on buying NFTs, you should do your own research before making the move. Otherwise, you could lose a lot of money in the process as NFTs are widely unpredictable (just like crypto). Just my thoughts

[dezoel]

Honestly, it is just a way to make money. The first NFT stuff were just pictures and that made zero sense, which is why I understand why everyone stayed away, I stayed away from them as well, why would I pay so much money for just a picture. However, these days there are stuff like axie infinity where you pay 200+ dollars to get an axie and you get 3 of them and then you keep on grinding more and more to make money. If people breed more and sell them, then they are going to make profit, if they do not breed more than the SLP price would go down and they would lose money, but if the SLP prize goes down they could simply just buy a bit more of that and then breed for cheaper as well.

Right now, the minimum breeding cost is about 180 bucks or so, and that means every time you breed an axie you will make 20+ dollars profit minimum, and that is just breeding, you can also play the game and make a lot of money as well. Long story short it is definitely profitable nowadays, and that is why there are a lot of demand for it.