Do NFTS gain value?

NFTs can also gain value depending on when they were minted. For example, NFTs started really heating up in 2020/2021, so NFTs that precede this era are already starting to take on the status of digital artifacts, i.e. the earliest objects in a cultural revolution.

What is the most expensive NFT?

Although most NFTs rely on the ethereum blockchain, a few alternatives have appeared in recent years. The most expensive NFT ever sold went for $69 million. Thousands of NFT sales worth millions of dollars in total value are traded each day.

How many NFTs are sold each day?

Thousands of NFT sales worth millions of dollars in total value are traded each day. Despite the fact that the term “non-fungible token” has been around for less than a decade and the technology it’s built on was developed in 2012, there’s plenty of interesting information about NFTs.

What is the future of NFTs?

These market swings can dramatically change the demand for NFTs — which again underscores the importance of building community and other sources of direct value for NFT ownership. As with any novel asset class, the future of NFTs is uncertain.