#shorts #nfts #nftart #nft #marketingpsychology
16 Oct 2021 · 0 min
0:22
In this short video, the speaker asks why a particular NFT—a simple “squiggle”—sold for $2.9 million and explains that the high price is driven by classic Veblen‑good dynamics. He argues that as the price of a product rises, its perceived exclusivity and desirability increase, creating a feedback loop where demand grows with price. The speaker links this phenomenon to other luxury items such as gold, high‑end watches, and streetwear brand Supreme, framing it as a timeless marketing tactic. The clip ends with a brief call‑to‑action encouraging viewers to follow the channel.
