1/ Steph curry pays $180k for an NFT. Are NFTs in a bubble? Why are people paying so much money for digital art? Well, think of it this way. Rare and special watches sell for millions at auctions. Real world art, shoes, Pokémon cards, the list goes on. decrypt.co/79676/nba-star…
2/ Rare and collectible items always go for ridiculous prices to people who aren’t in the scene or aren’t into that specific category of items.
3/ A Paul Newman Daytona goes for crazy prices to people who aren’t into watches but to those that are, while it’s a ton of money, they understand why and it even makes the watch more desirable. The same is happening for NFTs.
4/ Draw the parallels to similar trends that are already happening, even if you don’t agree with it you’ll be able to understand it. Are NFTs in a bubble? Most NFTs won’t hold value - just like a large majority of watches. But those that do, will continue appreciating over time.
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