Why people buying NFT

[blue_hurricanger]

NFT for artworks is sort of how artworks are in real life. Basically, people view and judge those art pieces like how arts are being appreciated by the eyes of the beholder. Some think a few certain artists will going far in the future so they hoarding artworks from that artist in NFT as an investment. You know how artworks from a long-dead artist sold for a ridiculous amount, right?

[susuberuang]

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

It's not just Hype, but purely because of the positive trend where everyone welcomes NFT very well so that the NFT users become very large which causes the recovery in the market to be faster, that's why NFT looks stronger now.

[Rakeshten]

Because the NFT artworks are unique and limited as we know that if anything is limited and unique all will try to buy so the hype will be created and it will be sold at a high price. And this is also the hobby of many people that they keep unique things. So it can be reson of buying NFTs.

[Malam90]

It's just NFT hype. I am still out of NFT buying but i am not against of NFT. The art work lovers also loves NFT and they want to collect unique piece of art which is from NFT using cryptocurrency. Many people consider NFT is the future of cryptocurrency. But i am not accustomed to NFT hype.

[pangu]

utility NFTs are here to stay/will be the future

[blue_hurricanger]

It's just NFT hype. I am still out of NFT buying but i am not against of NFT. The art work lovers also loves NFT and they want to collect unique piece of art which is from NFT using cryptocurrency. Many people consider NFT is the future of cryptocurrency. But i am not accustomed to NFT hype.

Supply and demand were there and like I said, it was just another form of people want to invest early in artworks or artists and claim the ownership. You don't need to accustomed to NFT hype. Just follow the trail of money and find some really good pieces of art and investing in.

[Samurai trieng]

As we know NFT is booming right now, because NFT has given a new color to crypto, how not, NFT can be used as a place to appreciate their art besides NFT is one of the most promising new investments right now because of the hype.  , this is one of the reasons why people buy NFT.

[CryptoYar]

I just wonder why people buying NFT artworks like cryptopunks.

I also can't understand why people spend so much money on images that have no purpose or meaning. Just some cartoons LOL

I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it..

Of course play to earn NFTs are good and nowadays it is trending because one can earn good money by playing games.

[TastyChillySauce00]

Sometime the price of NFT doesn't make sense and make me wonder, rocks NFT also priced so high maybe some rich people is interested in NFT so they buy those random NFT art for such high price but if it's an NFT for game, it's usually for playing the game and can give return of investment if the game let you earn by staking or playing like VulcanVerse.

[Pandji02]

That's really interesting question. I puzzled over it for last week and couldn't comprehend point of these crypto-punks and rocks. But thanks to all the answers I see the picture now.

[pangu]

" RCFC NFT special incentives
Special promotions have been devised to offer real-life perks that come with some of the NFTs to increase fan’s direct engagement with the team and highlight the benefits of being an NFT collector.

In the first promotion, whoever successfully bids for RCFC’s Lam Chun Kit Legendary Card (auction card) will enjoy one year’s free access to all of RCFC’s Football matches.

The second promotion is for whoever collects the whole series of RCFC football NFTs. They will enjoy the opportunity to get a t-shirt with players’ autographs, and either a face-to-face meeting with a team member, or even the chance to train with the RCFC team (final details to be announced nearer the auction date)."

https://menafn.com/1102692449/OliveX-and-RCFC-kick-off-Asias-first-football-NFT-deal

[raidarksword]

The hype brought it to the market that's why it created mass demand to people wanted to ride the train of NFT's, same to DeFi project few months back. With the currently play of NFTs especially Axie Infinity it boosted their project because people wanted to get hands of that play-to-earn schemes and I am not gonna lie, I playing axie infinity now and it hooked me up. Hoping their platform will be standing for a long-term and I believe they will be.

[Melignya]

Today I came across an article about NFT and its popularity today, I think for many it will be interesting to read, I leave the link https://blockster.com/blockdesk/1323_the-rise-in-nft-popularity-lifts-all-tokens-what-is-a-nft

[Jolankaa]

Because it's a trend. Right now, for example, Blockster is holding a contest for a limited edition NFT collection. https://blockster.com/blockdesk/1402_blockster-is-launching-a-new-nft-campaign-in-collaboration-with-enjin

[yazher]

The hype brought it to the market that's why it created mass demand to people wanted to ride the train of NFT's, same to DeFi project few months back. With the currently play of NFTs especially Axie Infinity it boosted their project because people wanted to get hands of that play-to-earn schemes and I am not gonna lie, I playing axie infinity now and it hooked me up. Hoping their platform will be standing for a long-term and I believe they will be.

Whenever they create some NFT games is as if Axie is mandatory to use as a good marketing strategy. If you go right now to youtube, they always link in the title the name Axie to bait their audiences. Unlike the other games that have recently emerged, the only NFT game that would list in as the same game as Axie is Splinterlands because it has been here with us for years same as axie. the other NFT games are on their beta testing but already playable lots of bugs and errors are their problem.

[ali1177]

I think people are buying nft blindly just because of hype in the market as we all know that how was the hype of the bitcoin when elon musk tweeted about bitcoin so I think this is similar.

[bakasabo]

One of the reasons why they buy NFT is a believe in easy money. People are obsesses with stories when people sold NFT for thousands of dollars, after buying them for couple of dollars. They believe they can repeat that story of success. But the problem with NFT is that it is easy to buy it, but it is hard to find a buyer.

[imstillthebest]

they can also earn from it if they will resell it in a much higher price .
 there could be some that buy nft artworks for collection just like what your doing in a real artwork where they kept it in a safe place .
some nft's are unique or rare and its a must have but for the nfts that are common , the demand for them can be not that overwhelming .  since you love nfts why wont you expand your nft collection ?

[kak uli]

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?

NFT has greater potential to continue to grow, Nft is a crypto that has better innovation and continues to be developed. nft is also a piece of digital art that is turned into crypto so most people are interested in holding NFT, I think this is the main reason. then many investors look to NFT because the token has many uses so that demand is always increasing.

[ivankoh]

In my opinion, NFT really offers a promising future for the popularity of crypto.  What did the NFT have?  Opensea dominates the NfT marketplace for most genres, AXS, Cryptopunk achieved over $1 billion in sales in just a short time.  It is clear that buyers of these NFTs of all kinds have confidence in the future and its meaning, art is an array of miracles and of unfathomable value, if they had purchased earlier works of great value.  value, that's really a bargain.  Some NFTs on Opeasea are bought and sold profitably 25ETH in just a few days.  Lol