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    Why are NFT so expensive?

    NFTs are valuable because they verify the authenticity of a non-fungible asset. This makes these assets unique and one of a kind. Picasso’s paintings are non-fungible. While anyone can make copies of his paintings, the original painting remains irreplaceable and unique. Similarly, Why are Bored Ape NFTs so expensive? Why are the Bored Ape Yacht […] More

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    What is a monkey NFT?

    It’s also the birthplace of the Bored Ape Yacht Club, a collection of non-fungible tokens, or NFTs, launched by a startup called Yuga Labs in spring 2021. Each NFT corresponds to a cartoon ape customized with unique color schemes, facial expressions, and outfits. Similarly, How much is a board ape NFT? A $350,000 Bored Ape […] More

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    Why are NFTs so expensive?

    Another reason NFTs might be so expensive is because of something economists call a bubble. We say that there is a bubble in a market when investors buy things with the main prospect of selling them shortly afterwards at a higher price. This pushes the price up. Bubbles tend to occur whenever new technology appears. […] More