Question: Why are NFTs so valuable and popular?

I keep hearing about NFTs and how they sell for huge amounts. I understand they are digital collectibles, but what makes them so special compared to other NFTs? Why do people invest so much in them?

Asked by Naten

Answers:

Community Advice

daddario writes:
NFTs are valuable due to their exclusivity, strong community, and celebrity endorsements. Owners get access to exclusive events, perks, and even commercial rights to their apes, making them more than just digital art such bored apes nft. Their popularity also comes from their status as a cultural and social symbol in the NFT world.