By their nature, NFTs are unique or limited in number. Owning a particular NFT signals not just possession of a digital asset but exclusive ownership of a piece of the digital realm that others can't have. This exclusivity can be seen parallelly in the world of Veblen goods, where, for instance, owning a rare luxury car model sets one apart from the rest. 3. Price as a Feature, not a Bug:
Just as some luxury goods gain allure from their sheer unaffordability, certain NFTs become more desirable because of their high price. In some circles, the act of purchasing a high-priced NFT is a performative display of economic power.