WHAT DETERMINES THE VALUE OF AN NFT, AND WHY ARE SOME WORTH MILLIONS?

Fintelics
5 min readOct 15, 2021

WHAT DETERMINES THE VALUE OF AN NFT, AND WHY ARE SOME WORTH MILLIONS?

You’ve probably heard about the NFT space boom unless you’ve been living in a cave for the past nine months. The value of CryptoPunks (which were given away for free to everybody with an ETH wallet in 2017) has risen to over USD 7…

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Fintelics

Software consulting company that focuses on emerging technology such as AI, Blockchain, Cloud Computing, and Data Engineering, MERN Stack, and Fintech