The value of an NFT is in the eye of the beholder, but many factors come into play when we talk about value. In larger collections, the rarity of an NFT can increase its value. Some NFTs have qualities, features, or aspects that may make them special and, therefore, desirable. Each NFT’s traits are listed on its OpenSea page. NFTs with traits that are one-of-a-kind tend to drive higher value than their more common counterparts. An NFT made by a well-known creator or artist may also drive more value for the same reason an original Monet is worth more than your first grader’s macaroni necklace. No shade to your first grader, by the way. And finally, utility is something that can affect value. If an NFT grants its owner access to something exclusive or desirable, it’s likely to be more valuable. These are just three things that can make an NFT more expensive, but there are plenty of other elements at play that can affect the price and resale value of an NFT.