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Why can a pixel image sell for 4200 ETH? Where is its value? What kind of people will buy it?
The price depend upon how you evaluate them. I am not going to spend millions for pixel images, you can only understand the value if you are really into the art. In the beginning even i was thinking why would anyone spend insane amounts like this but then when i started working for NFT projects then i understand why people are willing to spend money. There are many that are there to resell them at a higher price but then there are hardcore fans who wanted them for their collection .