NFT Artists Struggle To Price Mints Amid Crypto Crash

Some NFT merchants are increasing their mint prices to maintain fiat value. Mastercard and Stripe are creating systems to exchange NFTs with fiat currency. NFT creators face a trade-off: increase their mint price in crypto terms or book steep fiat losses. The price-depressed crypto market favors NFT (non-fungible token) collectors, as creators hesitate to raise mint prices. The stability of fiat currency as a backdrop for buyers and sellers would draw new consumers to NFT's marketplaces, a professor says. Sean Stein Smith: To focus on price, focus only on potential use cases, instead of potential use uses, focus on how it’s cooked on the crust of the steak. For more information, visit Blockworks. Source