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If I were a wealthy individual I might pay 17M for an easily copyable arrangement of pixels in order to create market excitement for such things, with the hope
by okareaman 5y ago
If I were a wealthy individual I might pay 17M for an easily copyable arrangement of pixels in order to create market excitement for such things, with the hope that I could bring in the rubes to support sales of my art NFTs in the future. So in other words, pump and dump.
- illwrks 5y agoTo create an NFT you need to pay a 'gas' fee. To me the large figures paid for some pixels is an incentive to get people to create NFTs and therefore pay 'gas' fees to whoever mines those numbers. If I owned a mining farm I'd be interested in promoting low barrier to entry artwork that creates money for me.