Bitcoin

Is Justin Bieber’s Ape Really Worth $59,000? How to Value NFTs Using Rarity, Floor Price

“Rarity traits refer to unique characteristics of an NFT, such as limited edition releases, exclusive features or special attributes,” Oliver Cohen, president of NFT analytics tool Inspect, told CoinDesk. “These traits contribute to the perceived scarcity and desirability of an NFT, which can affect its value.”

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