Back then, everything was non-fungible and markets consisted of bartering where two parties would decide how much to exchange one service or good for another service or good. In this article, we will dive into the question: *Why are some NFTs selling for millions? * History of Non-Fungibilityīefore metal coins were first used as money around 5000 BC, goods and services were traded for other goods and services without a currency. Depending on the (perceived) value of an NFT, its price can range from zero to over a million dollars. NFTs are unique blockchain-based digital assets representing a virtual or physical item. The NFT market is booming, with some digital collectibles selling for millions of dollars.
Learn why some NFTs are selling for millions even though they are “just” images on the internet.
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