????Why are celebrities buying these NFTs?â“
Short answer: Because they can afford them. Scarcity, speculation, and hype tend to attract a certain kind of buyer. The profile of that buyer (or the artist) can be a kind of feedback loop that makes the NFT more desirable. The resulting rises in price can be steep. Rinse, repeat.
Short answer: Because they can afford them. Scarcity, speculation, and hype tend to attract a certain kind of buyer. The profile of that buyer (or the artist) can be a kind of feedback loop that makes the NFT more desirable. The resulting rises in price can be steep. Rinse, repeat.
????Why are celebrities buying these NFTs?â“
Short answer: Because they can afford them. Scarcity, speculation, and hype tend to attract a certain kind of buyer. The profile of that buyer (or the artist) can be a kind of feedback loop that makes the NFT more desirable. The resulting rises in price can be steep. Rinse, repeat.
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