For me defining the value of a NFT is easier in GameFi, all NFTs in a game have a specific use, a value that adds to the gameplay, but in art or design where do you extract the value from, from the dedication to do it? It's very complicated
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In the artistic field it is a little more complex because subjectivity dominates, each individual contemplates art in a certain way, there is his or her feeling and the way he or she contemplates the world.
Yeah, for me, I see the best purpose of NFTs should be those we earn in games and nothing else. Those images they put that high prices on them, sometimes it's mindboggling, hmmm, well they do get buyers too and that is really what is making the NFTs market to boom at the moment, that demand from their holders and collectors are there.
Indeed,I agree with you here. It's way easier in games cos you know it's use case but I feel like in arts, the value is determined by those with artistic eyes. I could see an NFT and not think it's worth $10 but someone values it at $100
You're right about NFTs in GameFi, especially for those who play.
I think the value depends on people who are buying into it. Some buy them because they appreciate the art and do not care about the price tag. Although these days, people seem to buy NFTs because they want to make money out of them.