Why are NFTs so expensive?

Asked 24-May-2022
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'The Merge,' which sold for a stunning USD 91.8 million at an auction, is the most expensive work of art ever. Each NFT issued or minted is one-of-a-kind, and its right to ownership can be tracked back to the owner, thanks to blockchain technology.
According to DappRadar, NFT sales grew to $10.7 billion in the third quarter of 2021, up from $1.3 billion in the second quarter.
Because many crypto fans believe that in order to make money with NFTs, you need a lot of money to acquire a valuable NFT, which includes a gas price. This isn't wholly false because, in the business world, money is required to produce more money. The more capital you have, the more profit you will make.
Anyone with $20 can buy a coin or a token that can make him 200,000 dollars in a few months of hodling in the age of decentralised finance.