How many NFTs should be in a collection?

As a seasoned expert in the realm of cryptocurrency and finance, I'm often asked intricate questions about the latest trends in the digital asset space. One such inquiry that has gained significant traction lately is: "How many NFTs should be in a collection?" This question encapsulates the balancing act between scarcity, value proposition, and market appeal. On one hand, a limited number of NFTs in a collection can drive up demand and scarcity, potentially increasing the value of each individual token. However, too few NFTs may limit the reach and appeal of the collection, while an overly saturated market with too many NFTs can dilute value. Balancing these considerations is crucial in ensuring the long-term success of any NFT collection. What are your thoughts on this? How do you advise collectors and creators to approach this question?