CryptoNerd
Mon May 20 2024
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5 answers
848
How does an NFT become rare?
Could you explain to me how an NFT attains its rarity? I'm particularly curious about the factors that contribute to its scarcity. Is it solely based on the limited supply created by the issuer, or are there other elements that influence its rarity? I've heard rumors that demand and market sentiment also play a role, but I'm not entirely sure how they work together. Could you elaborate on this? Additionally, how does the uniqueness of an NFT factor into its rarity? Is every NFT truly one-of-a-kind, or are there degrees of uniqueness that affect its perceived rarity? I'm eager to gain a deeper understanding of this fascinating aspect of the crypto world.
amelia_martinez_engineer
Sun May 19 2024
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6 answers
883
How to know a rare NFT?
I'm quite new to the world of non-fungible tokens, and I'm wondering, how do I recognize a rare NFT? Is it solely based on the artwork or does the artist's reputation play a role? Are there any specific criteria or indicators that I should be looking for? I've heard stories of NFTs selling for millions, and I'm curious as to what makes them so valuable. Is it the uniqueness, the hype surrounding it, or a combination of both? Could you please enlighten me on this matter?
