How Do NFTs Add Value?

The Very first 5000 Days, a work of art, sold for $69 million at Christie's Auction House in March 2021. Eight-figure art purchases aren't uncommon, but this one drew a lot of attention because it was sold as a non-fungible token (NFT) — an electronic record corresponding to a picture that exists exclusively in the digital world.
To put it another way, someone spent over $70 million for an image on the internet.

How Can These Businesses Operate?

1. These businesses must make effective use of the NFT technology.
2. NFTs also have to leverage a community of users.
3. NFT project teams must instill confidence in their ability to continue executing in order to retain community participation.
4. For new users, NFT projects require accessible "on-ramps."
5. In addition, an NFT project must be able to withstand fluctuations in the cryptocurrency market.

To sum it up. Newer apps will make better use of online-offline links, and token designs will become more complicated. People are still making money selling images on the internet, which is less surprising than you may think.