Quote from: udidrone on June 07, 2022, 09:08:12 AM

Quote from: Oshosondy on June 07, 2022, 07:00:55 AM

I think NFTs can last long, it is just the art pictures of the tradition, the art works are still having no value but people makes it to have value, so goes to NFTs, we can consider them not to have value but have value because people see it valuable. My concern is that there are many newly created NFTs and more are created daily, it is very possible that the NFTs that are having value today may have less value tomorrow.

I just saw it and I just found out NFT is a non-exchangeable asset. I really don't understand, how can it be worth? I mean the owner assigns value to the artwork or investors assign value to the NFT artwork. I understand it's like a collection, correct? One can only buy it and cannot resell it

It is transferable to the other because if not then how can others earn from it? I don't think someone will pay money without getting anything. Nft's can also be resell like a crypto, that's why there is a market for it. The first owner can assign a value to its nft's and those who invest on it can then set his own desired price because they are now the new owner.

It can be a collection if you will keep it for a long time and you won't sell any of it but it wasn't if you will just flip it. Nft is a short term for non fungible token, not non exchangeable asset like you described it. Non fungible means it is unique and can't be copied. Credits to google for that definition.