I've been wondering how some NFTs make money when they sell for as little as $10 and people pay exorbitant fees

Finley_dz
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I've been wondering how some NFTs make money when they sell for as little as $10 and people pay exorbitant fees

Did you ever think about how people decide on NFT prices, or how you price NFTs?

I've been wondering how some NFTs make money when they sell for as little as $10 and people pay exorbitant fees. That's why I've been thinking about this question.

Markets for NFTs began to gain traction in 2021, and by the end of March 2021, this new market for digital assets had a total lifetime traded volume of approximately $550 million. Some of the frequently asked questions are, "How does one price their art?" and "What is the best strategy for selling NFTs?"

Despite the lack of predefined pricing strategies for nonfungible tokens, NFT sellers may choose to sell them at the listing price in a secondary market. Alternatively, they may complete the sale at a price that a buyer is willing to pay, referred to as the buyer price.

Because of this, gaming NFTs are the easiest to deal with. NFTs can be rewarded with battle gameplay armor, weapons, or who knows what, as in WAM tournaments. As you can see, I'm more interested in gaming NFTs, so I'm not sure how pricing works for different types of NFTs.

Even so, I believe that if you set your price too high, you risk never being able to sell that item and that if you set your price too low, gradually raising it will be more difficult. What are your opinions?