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The Importance of Non-Fungible Tokens Page Number 6 money from it. In some cases, players have even created virtual structures in games like casinos and parks and have monetized them with the help of NFTs. These in-game items also include costumes, avatars and in-game currency that can be sold on a secondary market with the help of NFTs. So now the important question arises as to why NFTs have any value. Well the answer lies in the supply and demand of an asset like in any traditional market. The non-fungibility of NFTs make them an asset of scarce nature and thus highly desirable for gamers, collectors and investors who are often ready to pay huge sums of money. NFTs have the ability of making their owners a lot of money. There have been some crazy examples of NFTs where the owners have made an insane amount of money by selling things, which might not amount to any significant value in the real life. A good example of this is a gamer selling “The Secrets of Satoshis Tea Garden” for $80,000 USD. The gamer purchased 64 lots in a decentralized virtual land platform, combined them into a single estate and created an NFT for it, which became highly desirable due to its digital scarcity, its desirable location and road access in the game. Similarly, another investor sold a piece of digital Monaco racing track in the F1 Delta Time game. The NFT of the piece of track allows the owner of the NFT to receive 5% dividend on all races that take place on that track.PDF Image | NETHER NFT
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
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