What Makes NFT Valuable?

As cryptocurrencies enjoy an ever-growing popularity, companies worldwide are looking for new and unique ways to incorporate this revolutionary technology into their core products and services. In this field, online gaming has become the focus of new ideas. Developers are looking for better ways to buy and sell in-game items, unlock identity, and much more with crypto.

There are two types of tokens in the crypto environment: fungible and non-fungible. In this article, we will focus on Non-fungible tokens (NFTs).

In practice, if you create NFTs and sell an NFT on the NFT market, you can set the price as high as you want and so long as there is someone willing to pay the price for it, that is the speculative value. There are various factors that influence the amount like:

  • Underlying value: Look at the prices of other artworks by that same artist, and see which of these sell the best. Also compare the prices of artworks of the same type to see the value of the NFT.
  • Potential value: some artists are currently unknown to the largest audience but things change and you have to look at the future value of these potential future celebrities.
  • Scarcity: How many NFTs are there of this same digital asset? The rarer the NFT, the more valuable it is.
  • NFT Value/Utility: Does the NFT provide any other value besides being proof of ownership?
  • Does the NFT mark an important moment culturally? For example the launch of a particular event which was then turned into a cultural asset.

With this in mind, it is easy to see why NFTs are valuable assets. Sometimes, what makes an NFT valuable just comes down to a matter of taste.


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Please make sure that you fulfilled all the requirements listed in the Description section of the desired NFT prior to claiming it. Failure to do so might result in getting your NFT claim.