Why do people want to buy NFTs?

[osamudazai]

After the recent winter, NFTs and digital collectibles are witnessing a resurgence in their popularity. So what exactly drives people to invest in NFTs? A recent study by Coingecko revealed that NFT investors generally buy NFTs for the utility and long-term profit they offer. NFT marketplaces for digital collectibles, therefore, may do well to provide the user with some sort of tangible utility. While other factors like interest in tech, social good, and being a part of a community do play a role, the study indicates that utility is primary.

 

[Krisi]

People want to buy NFTs because it gives them a unique opportunity to own digital assets that can be unique and unrepeatable as well as authentic and unforgeable. Also, buying NFTs can serve as an investment strategy to make a profit when NFTs are later sold in the market, where prices for popular and unique assets can increase significantly.
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