You are viewing a single comment's thread from:

RE: The Virtual Economy Will Be Enormous

in LeoFinance3 years ago

The virtual economy will be amazing and the costs of doing business will just be the transaction fees on the block chain. However I still think the liquidity of NFTs will be an issue. So in a way, the NFTs might have a high value but no buyers.

Posted Using LeoFinance Beta

Sort:  

So in a way, the NFTs might have a high value but no buyers.

Why do you think that? Art has no liquidity yet tremendous value. The liquidity in real estate is very low yet people are selling stuff all over the place.

In reality, it only takes one buyer to make a deal.

Posted Using LeoFinance Beta

The problem is that real estate is still a part of daily life while art seems more like a hobby. After all people need a place to live.

Posted Using LeoFinance Beta

And Art is a hobby that people spend million on.

The point holds regardless of the reason for the need. There are many non-liquid markets where stuff is sold.

Posted Using LeoFinance Beta