2 ms·
Lots of questions here. How many of buyers pay for the "access to the community" and how many are speculators that just want to sell them later? Lots of specul
by kranke155 5y ago
Lots of questions here.
How many of buyers pay for the "access to the community" and how many are speculators that just want to sell them later?
Lots of speculators for sure.
will they keep supporting artists when they realize that they can't make a profit anymore?
90% will leave. Speculation is a part of any market tho, including the art market. Look no further than the Mad Men episode where the agency owner bought a Rothko "because the price will double in 6 months".
"Peak of inflated expectations"
Yes. This seems like a good description.
I think as a concept they might stay and find some use.
Every concept of how to make NFTs more useful is actively being worked on. So yes they will stay/become more useful.