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The market dictates the value. As a test, create and mint an exact replica of a Bored Ape NFT and try to sell it for the current minimum price of 32 ETH or arou
by afoot 5y ago
The market dictates the value. As a test, create and mint an exact replica of a Bored Ape NFT and try to sell it for the current minimum price of 32 ETH or around $150k.
- mym1990 5y agoI know nothing about NFTs but if I was to forge something for a test, it probably wouldn’t be something that is high profile. I would pick something in the 1-10k range and start from there. /cluelessrant
- afoot 5y agoThe result would ultimately be the same, just a less extreme example.
- mym1990 5y agoI doubt this. I imagine it is easier to create forgeries of low profile things, lets say a Thomas Kinkade painting vs a Monet. Its also more likely that as the price of an item goes up, the buyer would be more interested in verification.
- deleted 5y ago[deleted]