NFTs have generated billions in the past year, and one has sold for a whopping $69 million. People buy non-fungible tokens because they believe it is an investment opportunity. Another reason is to have exclusive rights over the art in question. People who are quick to purchase these valued arts can resell them for a much higher cost after some time. The value of the art might appreciate over time and will be worth more than its original price. We have highlighted and explained why people would spend millions on a piece of digital art.
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Emmanuel Eguono Ekokotu
@emmanuelekokotu
Ekokotu Emmanuel focuses on creating SEO content that engages readers on emerging tech, blockchain, Web3, VR/AR, AI.
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