---
title: "Why are NFTs so expensive?"  
description: "Why are NFTs so expensive?"  
author: "Mukul Goenka"  
published: 2022-05-24  
canonical: https://answers.mindstick.com/qa/97615/why-are-nfts-so-expensive  
category: "troubleshooting"  
tags: ["troubleshooting", "nft"]  
reading_time: 1 minute  

---

# Why are NFTs so expensive?

Why are [NFTs](https://www.mindstick.com/news/1197/shark-tank-s-kevin-o-leary-beliefs-nfts-could-beat-the-bitcoin) so [expensive](https://www.mindstick.com/interview/94/why-can-a-group-by-or-order-by-clause-be-expensive-to-process)?

## Answers

### Answer by Hitesh Vohra

'The Merge,' which sold for a stunning USD 91.8 million at an auction, is the **most expensive** work of art ever. Each [**NFT**](https://answers.mindstick.com/qa/97617/what-is-opensea-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.

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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. \
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Original Source: https://answers.mindstick.com/qa/97615/why-are-nfts-so-expensive

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