Critics Claim NFTs Hurt the Environment, But One Project is Flipping that Script By DailyCoin – Investing.com

  • Date: 14-Aug-2021
  • Source: Investing.com
  • Sector:Real Estate
  • Country:Qatar
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Critics Claim NFTs Hurt the Environment, But One Project is Flipping that Script By DailyCoin – Investing.com

Two of the biggest reasons for the growing adoption and increased sales of NFTs are that humans like to collect things and NFTs are programmed to be scarce. Basic economic theory states that scarcity of nearly anything in demand bids up its price.

Additional attributes of NFTs are: