Pricing transparency in NFT transactions is guaranteed through the use of blockchain technology. When NFTs are created, all the details of the transaction, including the price, are recorded on the blockchain. Once the NFT is sold, the transaction cannot be altered or deleted from the blockchain, ensuring that the price of the NFT is transparent and immutable.
Additionally, because NFTs are unique and distinctly identifiable, it is relatively easy to track their sales prices in the market over time. This means that buyers and sellers can access historical pricing data and establish fair market value for NFTs.
Finally, many NFT marketplaces display the price of each NFT listed for sale publicly, alongside any relevant metadata. This easily allows buyers to compare prices and make informed purchasing decisions. Overall, the transparency of NFT transactions is a hallmark of blockchain-based systems.
