Background in investments, finance and economics. Documenting my Web3 learnings and journey.
Do NFTs actually have value?
NFTs or Non-Fungible Tokens have seemingly blown up on the scene in 2021, and its momentum is still going strong in 2022. Traded volume on Opensea, the largest NFT exchange have remained consistently above $2 billion a month ever since August 2021 with over 1.2 mn users. BAYC which arguably is the most well known NFT, has a floor price (lowest listing price) of a whopping $300,365.10 or 98 ETH. That’s more expensive that a Lamborghini and a Rolex watch COMBINED.How? Why? Are probably what peo...
Do NFTs actually have value?
NFTs or Non-Fungible Tokens have seemingly blown up on the scene in 2021, and its momentum is still going strong in 2022. Traded volume on Opensea, the largest NFT exchange have remained consistently above $2 billion a month ever since August 2021 with over 1.2 mn users. BAYC which arguably is the most well known NFT, has a floor price (lowest listing price) of a whopping $300,365.10 or 98 ETH. That’s more expensive that a Lamborghini and a Rolex watch COMBINED.How? Why? Are probably what peo...
