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Re:Grumpy Cat NFT sold for nearly $80K by qqii on Thursday March 18, 2021 @07:13PM (#26508557)
For buyers a lot of value of the NFT doesn't come from the bits that make up the image but creator's prior reputation. Like art NFT's representation is only secondary to the artist.

This can be plainly seen by looking at the flood of NFTs on opensea that have never been purchased.

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