Furthermore, many of the NFTs that have been coined and sold are unusual in and of themselves. Because top painters only mint their exclusive paintings once as NFTs, and Jack Dorsey only had one first-ever tweet, people would be prepared to pay a premium for these. NFTs also provide artists with more privacy and control, as well as a better relationship with their fans.

Normally, an artist would have to sell their work through a broker or dealer, but selling NFTs allows for more direct interaction with fans and more control over how their work is handled.

It's also worth mentioning that NFTs are intimately related to collectibles, which have long been a lucrative market. NFTs are a modern way to exchange items in a variety of ways, whether it's artwork or an in-game asset. Many people have questioned the value of these things for a long time, with many questioning the idea of paying millions for a real-life artwork or ancient antiques.