Definitely not; some big wNFT works are priced below 1 btc and some are higher. But the idea on their value is somewhat the same with Bitcoin and other cryptocurrencies because market value of NFT is also dependent with supply and demand. Only difference is the utility wherein Bitcoin could be used as a mode of payment while most of the NFTs are for collection purposes.
I am new to the crypto world and still learning the basics to understand how it operates. A friend who is an artist introduced me to NFTs, which he said is similar to Bitcoin. I want to know how NFT drawings can be invested in Bitcoin, but first, I need to understand how to create NFTs that have crypto value. After discussing it with my friend, I searched for help online, but instead of understanding it, I am getting more confused about it.
Do NFTs have the same value as Bitcoin? I have read that investing in Bitcoin is a good business opportunity, especially for people in West Africa who may not have many job opportunities. One can be self-employed by trading and investing in the crypto market and assets, including NFTs.
As a newbie in the forum, I have read other articles about Bitcoin, but I still need a good guideline on the crypto world, Bitcoin, and NFTs.
They are 2 VERY different things. Bitcoin is a currency, nfts are not. If ypu ask me I think the valuable nft fad will come to a close soon. There will forever be a market for them but the moon prices everyone seen will be a thing of the past. Tell me why you need to own a piece of digital art that really isn't art? Focus in on bitcoin and start from there.
There's no need to invalidate those who are into NFT. We have our own reason but the same goal which is to earn profit. Some people just really do appreciate the 'art' in NFT and that is okay as long as they are enjoying it. We should not force our preference to other people. In terms of profit, I'd say NFT is more profitable but has also bigger risk. Some would say "why would you be buying an intangible art?" well same thing with cryptocurrencies since we have an option to use fiat based digital currencies.