Communities drive the prices of NFTs

This post will be super short

There is no doubt that the NFT space did some crazy numbers last year. Billions of dollars passed around hands. We see strange-looking JPGs worth thousands, even millions of dollars. Why is that happening?

The answer is simple. Communities.

Yes, Fear Of Missing Out plays a huge role, but FOMO eventually disappears.

No one bought a Bored Ape for the art. They purchased them to access the private club and flex them on social media. Their floor price is high because they have a community full of celebrities.

Every single creator and collector should understand this.

That is all, folks. The conclusion is simple: Communities are the number one reason an NFT collection holds its value. If you have any questions, don’t hesitate to contact us here.

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