Quote from: Bttzed03 on Today at 08:09:39 AM

Quote from: Dharmmie on August 27, 2021, 11:01:31 AM

~ Why can a pixel image sell for 4200 ETH? Where is its value? What kind of people will buy it?

Quite strange isn't it? Some people will do anything to support (or hype) NFTs by buying them at an insane price. It seems to be working as some artists/influencers/popular figures have started selling things they can convert to NFT. Just an hour ago, I read that Steph Curry of the Golden State Warriors spent $180,000 on an Ape artwork.
Anyway, I think the whole NFT market is still inflated and we can't really determine it's true value until the dust settles down.

Exactly, non-fungiable token doesn't have any true value. someone sold a single pixel image for 4200 ETH that doesn't mean actually it has that much worth, but the buyer spent 4200 ETH for a worthless image. you know a traditional artwork also does not cost that much money. People who are investing money to buy NFT are nothing but MUGs or they have much money to throw to the blank space. The Hype will be ended at any time.