How are NFT used to provide owners desirable social and wealth status?
- Top NFTs are so expensive, it clearly showcase multi-millionaire status. Bored ape yacht club has no NFT below $100,000
- People use their crypto punk and ape NFT as social media profile picture and even speaker photo at NFT and decentralized conference
- VIP a exclusive access to art, social, party events. Example: bored ape yacht club actually hosted a yacht party at NFTNYC
- Community : owners join private club , lounge in the form of digital forums such as Discord server.
- NFTs are collectible by nature. Each attribute has different level of rarity.
- NFTs are digitally scarce art. They are not scarce physically, because one can right click and save and make copies. There's even running joke about right-click-and-save.
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