Post by @iremer • Hey
❓What defines the value of NFTs? 🤔
I'm just curious, please share your thoughts with me 🙏🏻👇🏻
Comments
- The value of NFTs is defined by the assets that they represent, as well as their rarity and supply
- Value of an NFT = Utility + Ownership History + Future Value + Liquidity Premium
- Sure, everyone can download Beeple’s images from his Instagram feed, but that is missing the point, says Vincent Harrison, a New York gallerist quoted in Wired. “Anyone can see pictures on the internet of the most expensive artworks; posters are sold in museums,” he says. “But it’s the ownership that creates value.” And with NFTS you have ownership on the blockchain, so that ownership is transparent for everyone to see. Even better, blockchains are also able to keep track in a secure, immutable way, of how a token originated and changed hands over time
- future value, utility and rarity
- Cuz they are unique
- I look at nft as a layer where a product can be built! It can be a concert ticket or a rare artwork of an already famous artist, so nfts per se can have whatever value base on what they represent!
- Community, demand , Utility
- Popularity and demand
- NFTs derive value from scarcity, ownership proof, and digital ownership in decentralized blockchain networks, enabling unique digital asset trading.
- TBH, there are many view and POVs for this question.
- Current state of NFT’s... If it ain’t a veNFT, milady, or sproto. Then your probably -EV for the year.
- Popularity and demand
- only hype🙄 no value!
- The enigma of the project, which can generate some illusions of a great future.
But by no means utility. As soon as the project has a tangible utility, which can be evaluated in real value, it usually destroys this mystery and enigma, and the price falls.
- Scarcity is one of the biggest factors for determining the values of NFTs I guess 🤔
- Scarcity and demand imo.
- U said value but maybe u mean price.
Value can be given by it's use cases; like a ticket for an event.
But Price, like any asset comes from the $ u can expect to make in the future on that NFT.
So it can be an NFT backed by a portafolio for example
- 🍟🫠
- Supply/rarity/utility
- supply and demand
- Utility and community
- Rarity / Utility
- utility
- I think it looks like a Dutch tulip
- being part of ‘what kind of community’ idea, if they can grow together in web3, that’s a good collection besides fp, imo