Factors That Define NFT Market
Each NFT product is distinct. Unlike other digital currencies, they have a number of features that sets them apart. NFTs have the following factors:
- Indivisibility– Dividing NFT tokens into tiny denominations is just not possible
- Authenticity– Every NFT token has an owner, and its ownership can be verified.
- Originality– Each NFT consists of a unique set of metadata, and each has its own exceptional value.
- Place of existence– NFTs being part of the blockchain.
- Integrity– NFTs cannot be divided into various parts.
- Tradability– NFT tokens are available for purchase on a number of cryptocurrency exchanges, so owners can benefit from the improved trading platforms.
- Liquidity– One can trade NFTs in a non-stop regime which makes their liquidity relatively high because a great range of customers possibly has an interest in buying or selling these NFT tokens.
