The value of an NFT is connected to many factors such as its rarity and demand, but perhaps the most important is its utility and how it can address a particular problem.
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The value of an NFT is connected to many factors such as its rarity and demand, but perhaps the most important is its utility and how it can address a particular problem.
This is exactly what I believe about NFT values. It should be solving a problem. There should be some utility which access to that NFT delivers. So if it is just about the graphics or crypto, then there is no value being delivered here.
Many nfts have utility for sure, we can cite games NFTs for example. But also some real assets in our world. The value is proportional do the utility for sure.
Exactly. And I believe that NFTs can be used to solve many problems that we have, such as storing information related to legal issues, such as laws, negotiating contracts, etc.