
Why Are NFTs Valuable? Rethinking NFTs and Tulips
In the article From BTC to NFT: Wealth to Power I already confessed that my understanding of NFTs has clearly changed. Although in the article NFT and Tulip Mania I agreed with the importance of NFT technology, I still felt that “a pixel image worth tens of millions is, however you look at it, not a price that could possibly last long.” But I have now withdrawn that judgment; now I think that at least some historically significant NFTs are entirely capable of maintaining high prices over the long term. Of course, this judgment of mine does not constitute investment advice. On the one hand, most of the accompanying NFTs…
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