At first I never understood how NFTs hold their value until I compared them to physical collectibles and art.

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At first I never understood how NFTs hold their value until I compared them to physical collectibles and art.

I've tried and tried again, but I still don't understand how NFTs can hold such a wide range of values, what people do with them, or anything else about them. Some NFTs have the appearance of how 5th graders would draw them. This thought is just beyond it.

People tell me they're collectibles when I tell them I don't understand it. Then I realize why I don't get it: It’s the same thing about retro collectibles. They’re like those baseball cards, game cartridges, Old CD’s or anything that’s been a limited edition from before. The more rare the stuff gets, the more their prices increase.

One of the NFT collectibles that caught my attention is Papermen: think of it like Cryptopunk and Crypto Kitties except this time it’s digital origami. They’re a new NFT series of one-of-a-kind works of art.

Back to the topic of NFT art. People who first invested a few hundred or thousand dollars in ETH now own millions or tens of millions of dollars in the cryptocurrency. NFTs are one of the first "fun" crypto ecosystems, allowing bag holders to spend their ETH on anything they want.

submitted by /u/CarliEly
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