“The Merge” project was successful because it was able to tap into a global community of people who were interested in participating in an experiment to create a unique and decentralized work of art. This is a new type of collaborative crowdfunding that has the potential to revolutionize the way art is created, owned and funded.

Security tokens (fungible) represent ownership in real-world assets and are subject to securities regulations, while NFTs represent ownership of unique digital assets and used in various creative and entertainment-related applications.

People have varying motivations for collecting NFTs. Some may see the value in owning digital assets, while others may prefer traditional physical collectibles. As the NFT space continues to evolve, ongoing research will shed more light on the intricacies of NFT collecting behavior and motivations.