01/16/2023
Let's us understand "Why Game of Thrones NFTs are sold quickly despite their art being criticized?"
They are digital collectibles from GoT: The apparent reason for the hype and demand is the show's popularity and its new spinoff series House of the dragon. And that is a reason enough to buy.
Complete digital ownership: Having complete ownership of the digital art make it unique, and despite their salad finger art and poor creativity ("Why Game of Thrones NFTs are sold quickly despite their art being criticized?"
They are digital collectibles from GoT: The apparent reason for the hype and demand is the show's popularity and its new spinoff series House of the dragon. And that is a reason enough to buy.
Complete digital ownership: Having complete ownership of the digital art make it unique, and despite their salad finger art and poor creativity (some art from stock images), it makes a good collection, if not great, and fans don’t want to miss that. People value the ownership of things more.
Value of art lies within the eyes of the art lover: As we see in the past, many works of art have sold for millions (some of them are crazy & wild, like “Banana duct taped to the wall”), and art has no metrics to be called it is a fine or great art. It all lies in the eyes of the art lover, which makes “No art is Sh!it”.
Scarcity and limited editions: People value limited editions, especially from their favorite brands or celebrities, and the scarcity adds more value to them exponentially. We can align this behavior with the Pokemon Cards; the cards were released many years ago, and who thought they would soar in value today, especially rare ones?
Future value: Many of us criticized the art of these NFTs today, but in the future, where NFTs become valuable digital collectibles just like today’s physical art, eventually, we will value the same GoT NFTs. In addition, if some celebrities say they bought it on the first sale, the value and perception change. It is about how we perceive value and what adds to it rather than logic regarding art.
