A couple of weeks ago I came up with an idea for an NFT collection dubbed 'Birds of Belgrade' - because I like birds and I live in Belgrade. I used the crypto.com/NFT platform because it is, in my opinion, the easiest to use for beginners and one of the least expensive for buyers, I've set up a low floor price and sold a few so far. And then this morning, somebody bought one of my cheapest NFTs for $5 and immediately listed it for sale with a price of $290,000.
The idea behind the collection is simple, I take pictures of birds in the city of Belgrade, edit the pictures and use them to mint NFTs, I'm going to create 99 in total (so far I've minted 16) and hopefully, should things go well, I'll create maybe a Part II, but that's an idea for later.
As some of you probably know, the creator gets a 10% royalty for each resale and so I obviously hope the new owner sells it again, but I'm still curious as to why they bought it in the first place. Maybe they liked it, or maybe they thought there might be some potential in there and decided to have a go considering the low price.
I've crossposted this article on my blog bitcoinea and LeoFinance