The Science of Scarcity: How Blockchain Physics Powers NFT Rarity Rankings

Sam Jeanne on June 1, 2025

What makes one NFT skyrocket in price while another one is forgotten? A big part of it is NFT rarity, a concept that’s actually baked into the blockchain technology and cryptography they’re built on. NFT rarity rankings help figure this out by looking at how scarce a digital asset is. It checks its metadata, and the decentralized information on the blockchain. In this article, we’re going to dive into the blockchain science that makes these NFT ranking algorithms tick. We’ll explore everything from calculating rarity scores to understanding cryptographic scarcity. Whether you’re an investor, a collector, or just a tech enthusiast, getting an idea of digital scarcity will be super helpful in the NFT market.

What Is NFT Rarity?

example visual of NFT rarity score and how NFT rarity works

NFT rarity ranking defines the uniqueness of a non-fungible token within a collection, driven by digital scarcity science. Unlike fungible assets like Ethereum, NFTs are one-of-a-kind. It has metadata stored on the blockchain ensuring their individuality.

Rarity is calculated using NFT rarity scores, which rank tokens based on trait scarcity, such as unique colors or accessories. Tools like OpenRarity use blockchain data analysis to provide transparent rankings. As a result, collectors can identify high-value blockchain-based digital assets.

A great example of NFT rarity ranking in action is the Bored Ape Yacht Club (BAYC), a collection of 10,000 unique NFTs on the Ethereum blockchain. Each Bored Ape has its own unique features like fur color, clothes, or accessories. What makes some Apes super valuable is how rare those traits are.

Take the “Solid Gold” fur, for example. Only 0.77% of all BAYC NFTs which is just 77 apes have it, making it incredibly rare. We can actually verify this rarity by analyzing the blockchain data. This verifiable scarcity is what drives an Ape’s NFT rarity score through the roof, often leading to them selling for millions at auction.

The Role of Digital Scarcity

Digital scarcity is the backbone of NFT value. By limiting supply through smart contracts, blockchains create verifiable scarcity, unlike traditional digital assets that can be copied infinitely. This cryptographic scarcity ensures each NFT’s uniqueness, boosting its appeal in NFT rankings.

How Blockchain Science Drives NFT Rarity Rankings

visual of blockchain data analysis in NFT Rarity

Blockchain science checks NFT rarity rankings by combining

Cryptography.
Data analysis.
Decentralized systems.

When an NFT is minted, its metadata which is stored immutably on the blockchain defines traits like rarity, color, or exclusivity.

Algorithms analyze these traits to generate NFT rarity scores, ranking tokens within a collection. For example, an NFT with a 1% trait probability (e.g., a rare hat) scores higher. Platforms like OpenRarity use NFT metadata science to compute these rankings. As a result, you can ensure transparency and trust in blockchain-based digital assets.

Cryptographic Principles in NFT Rarity

Cryptography ensures NFTs are unique and tamper-proof. Hashing and digital signatures in blockchain science verify metadata, preventing duplication. This cryptographic scarcity creates a trusted system for NFT rankings, as collectors can verify rarity via blockchain explorers like Etherscan.

Data Analysis in Rarity Algorithms

NFT value algorithms rely on blockchain data analysis to score rarity. By parsing metadata, algorithms calculate trait frequencies across a collection. For instance, if only 2% of NFTs have a specific background, that trait boosts the NFT rarity score. Tools like NFTScan automate this process, offering real-time NFT list analytics.

Key Factors Behind NFT Rarity Rankings

Several elements shape NFT rarity rankings and drive value. Here’s what matters in how to evaluate NFT rarity:

Trait Scarcity: Rare attributes, like a unique accessory, increase NFT rarity scores.
Collection Size: Smaller collections (e.g., 1,000 vs. 10,000 NFTs) enhance digital scarcity.
Metadata Integrity: NFT metadata science ensures traits are immutable and verifiable.
Community Hype: Social buzz can amplify perceived rarity, impacting NFT rankings.
Creator Credibility: NFTs from reputable artists or projects often rank higher.

These factors help collectors prioritize blockchain-based digital assets with strong value potential.

How to Analyze NFT Rarity Rankings

Want to find a rare NFT? Use these steps to calculate NFT rarity effectively:

Use Rarity Tools: Platforms like OpenRarity provide NFT list analytics and rankings.
Verify Metadata: Check the NFT’s metadata on the blockchain for unique traits using tools like Etherscan.
Study Collection Data: Smaller collections or those with high-profile creators often yield rarer NFTs.
Track Market Trends: Monitor trading volumes on marketplaces like OpenSea to check NFT rankings.

Debunking Myths About NFT Rarity

visual of how NFT Rarity score is calculated in blockchain-based digital assets

Misconceptions about NFT rarity can mislead collectors. Let’s clear up some myths:

Myth: Rarity always means high value.

Reality: While it seems logical, a rare NFT’s value really hinges on whether people actually want it. A super-rare piece from a forgotten collection might be worth little, while a more common one from a wildly popular project with a strong community could fetch a high price. Market trends and what’s currently hot play a huge role too.

Myth: Rarity is subjective.

Reality: Some believe rarity is just a matter of opinion. In reality, it’s based on solid data. Thanks to blockchain, an NFT’s specific characteristics and how often they appear in a collection are permanently recorded. So you can scientifically figure out how rare a specific combination of traits is.

Myth: All rare NFTs are profitable.

Reality: The idea that all rare NFTs will make you a profit? Wishful thinking in a market as up-and-down as NFTs. Even rare pieces aren’t immune to changing tastes, new projects popping up, or wider economic shifts. Buying NFTs always carries risk, no matter how rare they are. Doing your homework on a project’s foundation and community is key, alongside checking its rarity.

The Bottom Line

To wrap things up, it’s pretty clear that scarcity is a huge factor in the value of digital collectibles. So, whether you’re collecting cool pieces or investing your money, understanding NFT rarity ranking is definitely key to making smarter choices.

Want to know more about the power of NFTs?

Check our guides for exclusive insights on blockchain science and tips for finding high-value NFTs.

Have questions about NFT rankings or digital scarcity? Leave a comment below, or contact our team for personalized advice. Join the blockchain-based NFT revolution today.

How to Sweep the Floor in NFTs

nftlist on April 1, 2025

The Ultimate Guide to Snagging Undervalued Digital Collectibles

Imagine buying digital art at rock-bottom prices before they skyrocket in value. That’s exactly what “sweeping the floor” in the NFT market is all about. This strategy allows investors to grab undervalued assets with the potential for massive returns. Whether you’re new to NFTs or looking to refine your investment approach, this guide will break down how to identify these hidden gems, execute smart buying strategies, and minimize risks while maximizing profits.

2. What Does “Sweeping the Floor” Mean in NFTs?

In the NFT world, the floor price represents the lowest price at which an item in a collection is available. Sweeping the floor refers to purchasing multiple NFTs at or near this floor price, effectively reducing the supply of the cheapest available assets and potentially increasing demand. Investors use this strategy to accumulate NFTs before a price surge, benefiting from market dynamics that favor scarcity and hype.

3. Why Floor Sweeping Can Be a Game-Changer

This strategy follows the fundamental principle of buy low, sell high. By accumulating NFTs at their lowest available price, investors position themselves for significant returns if the collection gains traction. Market trends and community sentiment play a critical role, as collections with strong engagement often see rapid floor price increases. Many investors have made life-changing profits using this approach, and success stories continue to emerge, proving that strategic floor sweeping can lead to impressive gains.

4. How to Identify Undervalued NFTs

Finding undervalued NFTs requires a mix of research, market awareness, and the right tools. Start by examining floor price trends, sales volume, rarity, and community engagement. Platforms like OpenSea, Rarity.tools, and Dune Analytics offer insights into market data, helping investors track trends and spot opportunities. By analyzing floor price graphs, sales activity, and historical performance, you can determine which NFTs are undervalued and poised for a price increase.

5. Step-by-Step Guide to Sweeping the Floor

Before jumping in, define your budget and investment goals. Are you looking for a short-term flip, or do you want to hold for long-term gains? Follow NFT influencers, track social media buzz, and monitor forums to stay ahead of the game. Once you identify a promising collection, set up a crypto wallet like MetaMask, ensure it’s funded with ETH or the relevant blockchain’s currency, and navigate a marketplace like OpenSea or LooksRare.

When executing a purchase, move quickly. The NFT market moves fast, and hesitation can mean missing out on the best deals. After buying, track performance using analytics tools and decide whether to hold or sell based on market trends. Having an exit strategy is crucial—determine whether you’ll sell when the floor price doubles or if you’ll hold for long-term appreciation.

6. Tools and Platforms for Floor Sweeping

The best NFT marketplaces for floor sweeping include OpenSea, LooksRare, and Blur. Each offers unique advantages, from liquidity incentives to low fees. For analysis and tracking, platforms like Rarity.tools, Dune Analytics, and NFT Price Floor Trackers provide valuable insights into market trends. To stay ahead, many investors use automated alerts and bots that notify them when a floor price shifts, allowing for immediate action.

7. Risks and Challenges of Floor Sweeping

Market volatility can have a significant impact on floor prices, making timing essential. Liquidity is another concern—if you buy too many NFTs from a collection with low demand, selling them later can be difficult. Due diligence is essential, as scams and fraudulent projects are prevalent in the NFT space. Always verify authenticity, use trusted platforms, and be aware of gas fees, which can eat into profits if not managed properly.

8. Real-World Success Stories and Case Studies

Numerous NFT investors have successfully leveraged floor sweeping to generate significant returns. CryptoPunks and Bored Ape Yacht Club are prime examples—early buyers who swept the floor at low prices later saw their investments multiply by hundreds or even thousands of times. These case studies highlight key takeaways: timing, community hype, and understanding market cycles play crucial roles in determining success.

9. Future Trends in the NFT Market

NFTs are evolving rapidly, with new collections and market dynamics emerging constantly. Innovations like cross-chain compatibility, fractional ownership, and AI-driven market analysis are shaping the future of NFT investments. As new tools and platforms develop, floor sweeping strategies will become more sophisticated, allowing investors to execute trades with greater precision and insight.

The broader NFT ecosystem will continue to shift, influenced by gaming integrations, DeFi applications, and real-world asset tokenization. Keeping an eye on emerging collections and upcoming blockchain developments will be key to staying ahead.

10. Conclusion

Sweeping the floor in NFTs is more than just buying low-priced assets—it’s a strategic investment approach that requires market awareness, research, and patience. The potential rewards are significant, but success comes from executing smart purchases, managing risk, and staying informed. Whether you’re new to NFTs or a seasoned investor, applying these strategies can position you to capitalize on the next big opportunity in the digital collectibles space.

If you’re ready to start sweeping the floor, explore NFT marketplaces, track undervalued collections, and make your first move. Stay ahead of the game, and you might just find yourself holding assets that skyrocket in value.

The Ultimate NFT Gift Guide: How to Give Digital Assets That Actually Make Money

nftlist on March 12, 2025

Here’s the truth: Most gifts lose value the moment you give them. That sweater? Worthless in a year. Those gadgets? Obsolete next Christmas. But what if I told you there’s a way to give gifts that could 10x, 100x, or even 1000x in value?

I’m going to show you exactly how to gift NFTs the right way. Not the fluffy “here’s a jpeg” way – the strategic way that could turn your $500 gift into a $50,000 windfall for someone you care about.

Why This Matters Right Now

Let me give you a real example: In 2021, someone gifted their nephew a Bored Ape NFT for $300. Eight months later, that same NFT was worth $380,000. Was this luck? Partially. But there’s a framework to this, and I’m going to break it down for you.

The Three Types of Value-Growing NFT Gifts

Community NFTs (Highest Potential)
Utility NFTs (Most Practical)
Art NFTs (Most Risky)

Let me explain why this matters.

Community NFTs: The Hidden Goldmine

These are NFTs that give access to exclusive groups. Think Bored Ape Yacht Club or VeeFriends. Here’s why they work as gifts:

Built-in network effect (value grows as more people want in)
Multiple revenue streams (events, merch, future drops)
Status symbol aspect (drives demand)

Real numbers: The average community NFT that survived the bear market returned 300% to early holders. That’s 3x your money even in the worst market conditions.

Utility NFTs: The Safe Play

These are NFTs that DO something. Gaming assets, membership passes, or staking tokens. They’re perfect for practical people who ask “what’s the point?”

Example: Gods Unchained card NFTs. You can:

Play with them
Earn rewards
Trade them
Stake them for passive income

This isn’t speculation – it’s giving someone digital real estate that generates cash flow.

The Exact Process to Gift an NFT (No Fluff)

Here’s your step-by-step playbook:

Step 1: Wallet Setup (15 minutes)

Download MetaMask
Write down seed phrase (critical – this is their money)
Add ETH for gas fees ($50-100 buffer)

Step 2: NFT Selection (1-2 hours)

Check OpenSea for floor price history
Verify creator’s track record
Confirm contract authenticity

Step 3: Purchase Strategy (30 minutes)

Buy during low gas hours (2-4 AM EST)
Always bid 5% below floor price
Use Gwei tracker to save on fees

Step 4: Transfer Process (10 minutes)

Triple check wallet address
Send test transaction first ($1 in ETH)
Transfer NFT only after confirmation

The Money Math Behind Smart NFT Gifting

Let’s break down the numbers:

Entry Level Gift: $500

$400 for NFT
$50 for gas fees
$50 buffer for recipient’s first transaction

Mid-Tier Gift: $2,000

$1,800 for established NFT
$100 for gas
$100 for future trading

Whale Gift: $10,000+

Blue chip NFTs only
Focus on utility and community access
Always include education resources

Critical Mistakes to Avoid

Buying Mystery Drops Never gift an unrevealed NFT. I don’t care how good the marketing is. Wait for the reveal.
Ignoring Liquidity Check daily trading volume. Anything under 10 ETH daily volume is risky.
Skipping Authentication Always verify the contract on Etherscan. No exceptions.

The Ultimate NFT Gift Stack

Here’s exactly what to include:

The NFT itself
A funded wallet ($50-100 in ETH)
Written instructions for basic trading
Emergency recovery info
Key community Discord invites

Future-Proofing Your Gift

The NFT market is evolving. Here’s what’s coming:

Physical/digital hybrid NFTs
Real estate fractionalization
Experience-based tokens

Position your gift accordingly.

The Bottom Line

Gifting NFTs isn’t about following trends. It’s about giving someone an asset that could change their financial future. But you have to do it right.

Remember:

Community over speculation
Utility over hype
Education over surprise

Want to level up your gifting game? Start with a small test. Gift a $500 NFT. Learn the process. Then scale up.

This isn’t financial advice. But it is a framework that works. Use it wisely.

Time to execute.

The Real Deal: How People Are Actually Making Money with NFTs

nftlist on February 26, 2025

Listen up. I’m gonna tell you exactly how people are making serious money with NFTs. Not the theoretical stuff – the actual strategies that are working right now.

First, Some Quick Context

Quick story: In 2017, CryptoKitties launched. People thought it was a joke. Just cartoon cats on the blockchain, right? Well, one of those “joke” cats sold for $170,000. And that was just the beginning.

Now we’re seeing Bored Apes going for millions, and regular folks (not just tech bros) are making life-changing money in this space. Let me break down exactly how.

The Main Ways People Are Cashing In

1. The Creator’s Gold Mine

My friend Jake (not his real name – he likes to stay private) was a struggling digital artist making maybe $2,000 a month on commissions. Last year, he dropped an NFT collection of 10,000 pixelated dragons. Made $400,000 in the initial sale.

But here’s the crazy part – he coded in 7.5% royalties on all resales. Now he makes about $10,000 a month just from people trading his dragons. Passive income from art? That’s new.

2. The Flipper’s Game

Met a guy at a conference who quit his job as an accountant to flip NFTs full time. His strategy is simple:

Follows 5-6 upcoming projects obsessively
Gets in early on mint (first release)
Sells when the hype peaks, usually 2-4 weeks later

Says he averages 3-4x returns. Sure, he’s had some losses, but overall? Making more than his old $85k salary.

3. The Staking Play

This is wild – people are making money from their NFTs without selling them. How? Staking.

Example: Aavegotchi. These little ghost NFTs can be staked to earn GHST tokens. Know someone who bought 10 of them for about $2,000 total. Makes around $200 a month in tokens just for holding them. Not life-changing, but pretty sweet for a passive play.

4. The Fractional Game

Here’s a genius move I’m seeing: People are buying fractions of super expensive NFTs.

True story: A group of friends pooled $50k together to buy a fraction of a CryptoPunk. Sold their share three months later for $180k. Not everyone hits it this big, but fractional ownership is opening up high-end NFTs to regular investors.

The Really Smart Plays

The people making the most consistent money aren’t just buying and hoping. They’re:

Building Communities Some dude I know started a Discord for NFT traders. Grew it to 50,000 members. Now projects pay him to promote their launches. Making $20k+ monthly just from building an audience.
Creating Tools Girl I met built a simple tool that tracks NFT floor prices (lowest available price for a collection). Charges $20/month for premium features. Has 2,000 subscribers. You do the math.
Providing Services Lawyers who specialize in NFT contracts, marketers who help with launches, developers who build smart contracts – these people are making bank right now.

Real Talk About Risks

Look, I gotta keep it real. This space is wild:

Projects fail all the time
Scams are everywhere
Prices can crash overnight

Had a buddy lose $50k on what looked like a promising project. Turned out to be a rug pull (when creators abandon the project and run with the money).

What’s Actually Working Right Now

If I were starting fresh today, here’s what I’d do:

Start small. Like, really small. Put in money you can afford to lose.
Follow the smart money. Use tools like NFTGo to see what big wallets are buying.
Join 2-3 solid Discord communities. The good intel is always in Discord.
Learn the tech basics. You don’t need to code, but understand how wallets and marketplaces work.

The Future (Why It’s Not Too Late)

We’re still early. Think internet in 1995 early. The real use cases are just starting:

Ticketing (imagine concert tickets as NFTs)
Real estate titles
Membership passes
Gaming assets

Bottom Line

Here’s the truth: Yes, people are making serious money with NFTs. But it’s not a get-rich-quick thing. It’s about:

Understanding the space
Building real connections
Creating actual value
Playing the long game

The people winning aren’t just gambling on jpegs. They’re building businesses, solving problems, and creating value in a new market.

Want to get started? Pick one small area to focus on. Learn everything about it. Make connections. Start small. And most importantly – don’t invest what you can’t afford to lose.

This stuff is fascinating, but it’s still the Wild West. Be smart out there.

DeFi NFTs: Where Digital Art Meets Financial Innovation

nftlist on February 11, 2025

Imagine owning a piece of digital art that doesn’t just sit there looking pretty but actually works for you – generating income, providing financial opportunities, and evolving with the market. Welcome to the world of DeFi NFTs, where digital art and decentralized finance come together to create something entirely new.

Understanding the Basics

Before we dive into the exciting stuff, let’s break down what we’re talking about. NFTs are like digital certificates of ownership – they prove you own something unique, whether it’s art, collectibles, or even virtual real estate. Think of them as digital signatures that can’t be copied or faked.

DeFi, on the other hand, is what happens when you take traditional banking services and strip away all the middlemen. No banks, no brokers – just smart contracts (basically, self-executing agreements) that handle everything from lending to trading.

Now, what happens when you combine these two? That’s where things get interesting.

What Makes DeFi NFTs Special?

Here’s what’s really exciting about DeFi NFTs: they’re not just static collectibles anymore. When you own a DeFi NFT, you’re not just buying a pretty picture – you’re getting something that can actively participate in the financial ecosystem.

Let me give you an example. Say you own a valuable piece of digital art as an NFT. In the traditional NFT world, your options were pretty limited – basically just hold onto it or sell it. But with DeFi NFTs, you can do so much more. You might stake your NFT to earn passive income, use it as collateral for a loan, or even split it into fractions so other people can invest in it.

Real-World Examples That’ll Blow Your Mind

Take Aavegotchi – they’ve created these adorable digital ghosts that are actually yield-generating NFTs. Your ghost isn’t just a cute avatar; it’s actively earning you rewards through staking. It’s like having a virtual pet that makes you money!

Or look at what platforms like NFTX are doing. They let you turn your NFTs into tokens that can be traded easily. Imagine owning a fraction of a super expensive NFT, like a Bored Ape, and being able to trade that fraction whenever you want.

Why This Matters for Artists and Collectors

For artists, this is a game-changer. Instead of just selling their work once, they can create art that generates ongoing income through DeFi mechanisms. They can offer their collectors special benefits, like access to exclusive DeFi yields or governance rights in their artistic projects.

Collectors benefit too. Your NFT collection isn’t just sitting there anymore – it’s working for you. You can earn passive income, participate in governance decisions, and even use your NFTs as collateral for other investments.

The Challenges (Let’s Be Real Here)

Of course, it’s not all sunshine and rainbows. The crypto market can be incredibly volatile – prices can swing wildly in either direction. Smart contracts can have bugs that could put your assets at risk. And let’s not forget that regulators are still trying to figure out how to handle all this innovation.

Where Is This All Heading?

The future of DeFi NFTs is looking pretty exciting. We’re seeing experiments with cross-chain NFTs that can work across different blockchains. AI is starting to play a role in generating NFT art. And traditional financial institutions are beginning to take notice – some are even looking at NFT-backed securities.

By 2026, experts think the DeFi NFT market could be ten times bigger than it is now. That’s huge growth potential, but remember – this is still a young and experimental field.

Getting Started (If You’re Curious)

If you’re intrigued by all this and wondering how to dip your toes in, start small. Learn about basic NFT platforms like OpenSea or Rarible. Understand how crypto wallets work. Maybe buy a small fraction of an NFT to see how it all works.

Most importantly, always do your research and never invest more than you can afford to lose. This space moves fast, and while that’s exciting, it also means you need to be careful.

The Big Picture

DeFi NFTs represent something bigger than just a new way to trade digital art. They’re showing us what’s possible when we reimagine how assets can work in a digital world. It’s not just about owning something digital anymore – it’s about being part of an entirely new financial ecosystem.

Whether you’re an artist, collector, or just someone curious about where technology is heading, DeFi NFTs are worth understanding. They’re not just the future of digital art – they might be the future of how we think about ownership and investment entirely.

Ready to explore this brave new world? Just remember: start small, learn constantly, and never stop asking questions. The world of DeFi NFTs is evolving every day, and that’s what makes it so exciting.

How to Convert a JPG to a Stunning NFT in 6 Simple Steps?

nftlist on November 20, 2023

The world of art has undergone a transformative shift with the coming of NFTs. Changing how we interact with digital assets, NFT offers abundant opportunities for artists, collectors, and investors. As of today, the market value of the NFT industry sits at a whopping $6.16 billion.

If you possess a digital asset, such as a JPG, and desire to transform it into an NFT, this article will provide the complete guidance to accomplish your objective. As you’ll explore the world of NFTs, you will see:

The basic NFT concepts
6 practical steps that you can follow to convert a picture to NFT
Discover the diverse possibilities for NFT utilization

How Much Do NFT Artists Make?

nftlist on November 7, 2023

If you’re into a digital world, you might know about digital art! And if you like making digital art, you should sell your work for a hefty price at NFT. You never know. You can be the next top-notch artist at NFT. Just like a teen artist, “Victor Langlois,” who sold his artwork for $550,000. His painting is known as “The Everlasting Beautiful.” In NFT sales alone, he has earned around $18 million. So, what are you waiting for? Let’s explore together how much do NFT artists make!

NFTs are a new and exciting way to make money. It has shown in a new era. Hence, it gives artists a fanciful platform to make, sell, and earn from their digital artworks in a way never before. NFT artists come from all walks of life. Yes, it’s true! And with the recent buzz around NFTs selling for millions, more and more people are becoming interested in seeking a career as an NFT artist. But as NFTs become a new trend, it is still a puzzle to many how exactly NFT artists make money. Well, you don’t need to worry about it! We have outlined everything in this guide, so read on and stay connected.

Metaverse NFT Marketplace Development Secrets

nftlist on October 20, 2023

Did you see the crypto craze that whirled around during COVID-19?

The tech advancements are evident. With each passing day, we are immersed in the virtual world. It’s helping us explore new places and interact with people without going anywhere physically. It wouldn’t be wrong to say that it felt impossible at one time. Anyways, in these virtual words, the assets are available in the form of NFTs, known as non-fungible tokens.

For this reason, it’s a smart decision to create your own NFT marketplace because you will be able to capitalize on this trend. It doesn’t matter how fictional this sounds; the NFT Metaverse is the reality and future. They are basically bridging the gap between real and virtual worlds with blockchain-backed VR. So, if you want to know more about the NFT marketplace and its development secrets, we are here to spill the beans.

Why Do NFT Communities Prefer Discord: A Deep Dive

nftlist on October 13, 2023

Discord hosts a large number of communities and servers that are either establishing themselves in the market or are already thriving businesses. For people who are willing to embark on the journey of NFTs, there are various discord communities that are available for their active participation.

The following article will explore the reasons why NFT communities prefer Discord with a comprehensive analysis.

Unraveling the Mystery: Why Do People Hate NFTs and What You Need to Know!

nftlist on September 6, 2023

In the rapidly evolving world of digital art and blockchain technology, Non-Fungible Tokens (NFTs) have become a hot topic of debate. On one side, enthusiasts hail them as the next revolution in art ownership and digital collectibles. On the other, a growing chorus expresses disdain, partly fueled by the belief that the carbon footprint of minting a single NFT equates to doing 20 loads of laundry. This environmental concern, coupled with the Wild West nature of the early NFT marketplace, rife with scams and dubious characters, has painted a complicated picture for newcomers.