NFT Collectibles are digital assets in the form of art, photographs, music, and audio clips. Although people may be able to copy an item, ownership of the original is protected and cannot be changed unless it is sold, and the property is officially transferred to a new owner.
This feature allows the seller to set the number of copies of the item to be sold. Each edition can be auctioned for a different amount as well. Seller may set the offer price and the Collectors may bid their price to purchase the item.
Scarcity is determined by the number of editions available. The scarcity of an NFT is preserved by making it available as exclusive with limited editions. It means that the ownership of the artwork is scarce and not the artwork itself. The original buyer only has limited access based on how much they have paid.