Why NFTs Have Value

in why •  3 years ago 

We’ve come to associate content on the Internet as “free.”
In fact, under the ad-based Internet model, we expect all
content to be free. Tweets, memes, videos, articles—you name
it—if it’s not free, then the vast majority of us are just clicking
away from it. For this reason, it’s hard for most people to wrap
their minds around purchasing something digital, such as a
non-fungible token (NFT), which otherwise appears to be free:
“Why would I want to buy something that anyone can view
online, take a screen capture, and then claim ‘ownership’ of the
digital result?”
The answer to this question is multifaceted, and we’ll get
into the reasons why throughout this chapter. However, just as we
first covered why people collect in Chapter 2, “What Are NFTs?”
we’d like to address an initial principle around “value” in order
to create a baseline understanding of why NFTs have value.

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