Is NFT the next opportunity for gold prospectors
NBA Top Shot surpassed the historical total transaction volume of CryptoKitties in Flow, benefiting the blockchain industry and the NFT track. The large number of participants and most of them are users outside the circle, allowing them to gradually understand and believe in the blockchain and NFT technology, even they do not need to know the principle to already use the blockchain application. It is not easy to explode as an NFT application circle. I personally think that there are three reasons.
First, the history of the collection of star cards, fans have already accepted this type of peripherals, and can accept electronic star cards and blockchain star cards. Second, the fan economy, the recommendation of NBA stars and the popularity of the development team have made collectors of this type of collectibles enthusiastic. Third, the experience of Internet products does not require collectors to first learn to use blockchain and create wallets.
Secondly, NFT is gradually becoming a hot spot in the market. Cent’s first Twitter bid is 425 W. A picture of Beeple is currently auctioned at Christie’s for 350 W. Encrypted celebrities, KOLs, musicians, artists, and stars have tried this Race track. Individuals have the following classifications of NFTs: The first is art, like digital art. The second category is collectibles, such as crypto cats, signs and symbols on the chain, or collectibles with a stronger industry nature. The third is games, like NFTs issued by game apps, which have stronger gameplay. The fourth is voxel 3D, which represents some future NFTs combined with VR and AR. The fifth is sports, such as football, basketball, baseball and other IP-supported NFTs that map reality. The sixth is a relatively large functional NFT, including domain names, members, and corresponding NFTs with services, free advertising, discounts, mining governance, and DeFi combination. The whole trend, or hotspot, will change with the changes in the market, play with the new rather than the old. In terms of collection value, art, collection, and sports have high unit prices, poor liquidity, and high premiums. Practical and functional NFT is the best, and the services provided are more realistic. More NFT content can use the BULL WALLET wallet experience https://bullcoin.finance/download
In the field of NFT art, how to distinguish valuable works, how to distinguish the high and low prices, what is the most valuable investment and collection area of NFT? It is very difficult for ordinary players to look at artworks from the perspectives of taste, humanities, and history. Everyone hopes to buy high-value works at a low price. This behavior is called picking up and leaking in the antique market; buying at high prices. Going to low-value or even worthless works is called punching. It is more difficult to become a master of art, and it is relatively easy to become a master of data. You can compare the author’s works through the historical transaction price, the number of Twitter fans, the popularity of the works, and the IP heavyweight. Many pitfalls can be avoided. Recommend the following two data websites https://cryptoart.io/artists
The stored value of NFT is not only determined by the work, but also by the collector. The price of the NFT with 1 k dollars sold in the market, encrypted celebrity collections and ordinary people collections in the secondary market will be very different, so many collection stories cannot be simply imitated and combined. copy.
In terms of collection unit price, NFTs are mostly artworks, and functional NFTs have higher growth in terms of return rate.
How do you think about the current users’ high sentiment towards NFT auctions? Are most of the NFTs on the market worthless? How is its value evaluated? The current situation of most NFTs on the market is 1. No value, no price. Why is there no price? Because most long-tail NFTs have no liquidity and cannot be sold at all.
We can think about it and lengthen the timeline. Today, three years later, are there still people willing to buy the NFT we bought? Of course, we are talking about probability here, after all, not every project can be like Cryptopunk. Why is there no value? Here I think that no price does not mean no value. “Value” is a metaphysically abstract concept. It has many kinds of “assessment criteria”: “abstract theory”, “mysterious theory”, “relation theory”, “natural nature theory”, “emotional theory”, “meaning theory”, “need to speak”, and “labor”. The value of “quantity theory” and “subjectivity theory” is also the standard that most people in the world may recognize in the future.
The NFT track is more imaginative than DeFi. Although the infrastructure is weaker than DeFi, it will get better and better. More people will be accepted in the future, the richer effect in the market will be wider, and the market size will rise by another order of magnitude. 、NFT will naturally become a hot spot when more scenes are obtained.