Post by
Davmas on Mar 31, 2022 2:55pm
NFTs
Here are some factors to consider when determining the value of a non-fungible token (NFT):
Underlying value (the value behind the creator.)
Potential value (future value, up and coming artists and creators, celebrities.)
Perception of the buyer (what is the NFT worth to you?)
Similar market value (what are other pieces from the same creator selling for?)
NFTs cannot be broken down like Bitcoins into smaller units. There is a unique piece of data that is usually rare and limited in number. Couldn’t any artwork be copied and shared endlessly? Of course, it can be, but the aspect of NFT is that it can be made into a token which means that it has a digital certificate of ownership that can be bought and sold along with the artwork.