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Are cheap NFTs a thing? (lemmy.ml)

submitted 2 years ago by sunblocker@lemmy.ml to c/crypto@lemmy.ml

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I've read an article or two about mind bogglingly expensive NFTs and how much people are willing to pay for what is essentially just a database entry.

The other day I was thinking about doing exactly the opposite thing, wondering how cheap an NFT could get (including transaction fee). Would it be possible to make NFTs affordable for the masses? What would it take to flood the market with cheap NFTs?

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[–] Matheo_bis@lemmy.ml 5 points 2 years ago (1 children)

Using the NFTs to destroy the NFTs? Wired, but may work

[–] sunblocker@lemmy.ml 2 points 2 years ago

That's what I'm talking about. I might as well profit off of the hype while it's there.