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Limited Secondary Market with NFTs
We have found that most projects revolving around art and collectibles are purchased based on speculation and hype, but due to low demand their secondary market is extremely limited resulting in poor resale value. Without a strong secondary market, the value of such art in its first issuance becomes questionable, and in time we believe the NFT market for digital art and collectibles will diminish unless the approach is reimagined and re-engineered.
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