Why do NFTs attract so much money?

  1. Investments: Duty-free art deposits in free zones such as Ginebra, Singapore, or Delaware have made art one of the most used ways to avoid taxes and accumulate wealth, and NFTs seem to evolve this trend, primarily due to its high volatility and the possibility of saving so as not to have to declare realized profits.
  2. Security: Like traditional art, anybody could try to copy the original art, but tokens ensure there will be just one owner. Plus, blockchain technology makes it difficult to steal these tokens. Additionally, the buyer enjoys confidentiality.
  3. Liquidity: These assets are more straightforward to trade than conventional art. The secondary market has many movements due to the recent interest in growing technology companies that have been in the last two years.

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Alejandro Cuauhtemoc

Alejandro Cuauhtemoc

131 Followers

Let’s talk about gossip in the business strategy & technology worlds. I am Strategy Lead at DiDi in the Bay Area xoxo