I don't understand NFT much

NFT which is also known as non fungible token and as of now so many NFTs available on different marketplace. I admit that my knowledge with this form of token is limited and I try to learn sometimes that how it works. It's a good innovation undoubtedly but I am often not able to figure out how the price is determined.

As far as crypto coins are concerned, I understand that its easy as we checke many components like marketcap, circulation supply and many other related metrics. We don't have order book for NFT and this is why it's hard to figure out the supply. There can be great usecase for NFT tokens but more innovation is required I believe.

Basically the market is a bit confusing and it is not like the market we see for the coins in cryptocurrency market. It's not that I don't want to understand it instead the more I tried body for I feel like there is a gap between the demand and supply and which is why most of the NFT tokens are sold on different prices that are not expected.

Maybe in future we will see more innovations and automation coming in this space to make the NFT use case and its trading easy but as of now buying any NFT is not as a we can do with the coins.

I expect more technology innovation happening in this space where the supply and demand will be transparent for the non fungible token. The entire space is evolving so it is possible that in future we will see better things happening in the world of non fungible token but for now it is difficult for me to have Deepa understanding and this is why I just try to stay away on this I feel like that I have good experience in this.

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