Feb 16, 2022 10 min read

The Intoxicating Power of Status is Fuelling Growth in NFTs

The Intoxicating Power of Status is Fuelling Growth in NFTs

Wiser! #64 (Premium): NFT prices are being fuelled by Status and Scarcity. It's more than just speculating for a huge pay day, NFTs are about bragging rights. And access to a closed community. Sprinkle a limited supply and, voila, you have a $40 billion market!


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The intoxicating allure of status

The two most prominent NFT art collections are called CryptoPunks and Bored Ape Yacht Club.

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