Most Desired Very Rare NFT Could Be Worth Billions!

Why on earth would it be said that an NFT like the one above could be worth billions?

The rarer an NFT is, the higher its value will be.

People have often asked “why the above NFT (Objectification) is so famous in NFT circles, and why the price would be so high if it were ever to be sold?”.

The price would be so high because it’s one of the rarest most fascinating and mind blowing paintings of its kind in existence, and because one of the 21st century’s most brilliant abstract artists created the damn thing – yours truly!

That’s why.

There is no question that Art Abstract Expressionism Artist UK is now one of the most famous and most recommended NFT art blogs in the history of NFT Token, Blockchain, Cryptocurrency, Web3 and the Metaverse itself.

This is why a large majority of the most expensive NFT sales we’ve seen thus far are one-off works.

NFTs are valuable because they provide a unique and verifiable record of ownership of digital assets.

This enables creators to monetize their work while also ensuring its authenticity.

Community, culture, and the potential for future appreciation can all have an impact on the value of NFTs.

NFT rarity refers to how scarce a certain collectible or NFT is depending on certain traits.

These traits include the NFT’s physical features like color, design, and costume, or arbitrary influences such as the artist or project’s reputation or profile.

Rarity is one of the most important factors in NFT valuation.

The rarer an NFT is, the higher its value will be.

Most NFT collectibles are minted and created with a random image generator via Python’s ‘Random’ library which achieves ‘weighted randomness’.

This means that each NFT is procedurally generated with variable traits and more specifically, specified rarities.

At the reveal of most projects, the team updates the metadata and OpenSea refreshes to load the images/attributes for users to view their own token (NFT) they’ve minted.

This process is extremely slow, sometimes taking from a couple of hours to 48 hours for the collection to load onto OpenSea.

Keep in mind, this can be normal and is in no way the team or developer’s fault.

Sometimes the public can access the contract directly if the team has released the verified contract address to snipe valuable traits off the market before they are revealed on OpenSea.