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RE: LeoThread 2023-12-05 10:40

in LeoFinancelast year

For me, the value an NFT brings for me lies far beyond that shiny jpeg. The utility which that NFT delivers is the value. So if the NFT is all about the image or token, then there is no value in it. But real value comes from what users are about to gain from paying for that NFT. If an NFT gives me access to a Cinema show, then I want to know if that value delivered through the NFT is equal to the utility delivered.

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If people pay for the image or buy it, where does the profit come from?

Thats why I believe that NFTs value should not be just a work of art. Otherwise, many people can do it. There should be a utility backing upthe NFT.

Yes I agree with you cause if the nft does not offer any utility purpose it serves no purpose to the individual in possession of the

Yes. There should be a solid project which that NFT fronts. The NFT represents that utility and this is what the user pays for.