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Question

Who buys nfts reddit?


Answers (1)

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Arsalan Afzal
Feb 13, 2022 05:46:32

Some people buy non fungible tokens (NFTs) because they see them as a more secure investment than traditional cryptocurrencies. NFTs are unique digital assets that can be used to create digital scarcity and help prove ownership of virtual property. Because they're limited in supply, they're seen as being less prone to price manipulation and easier to trade. Others buy NFTs as a way to show off their wealth or gaming prowess. For example, some gamers purchase rare in-game items like skins, weapons, or avatars and then sell them on online marketplaces for NFTs. This allows them to showcase their gaming skills and also earn a profit from their collections.

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