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Some people think that the high price of NFT is just the product of hype, and does not have its equal value, but in fact, NFT is not a castle in the air, but just a form of blockchain digital ledger.Indeed, the current NFT is still in the gray area, and the relevant laws and regulations are not fully perfected; so there is no very effective way to help you recover the stolen NFT. The NFT also has no copyright protected by law, and casting the NFT will not create any legal obligations or restrictions.

Since property rights are clearly defined in the real world, they are essential to the day-to-day operations of assets.So the value measures for the NFT are equally important.

Why do you choose the NFT?

The NFT is building an awesome civilization.Humans have built many remarkable civilizations, accompanied by countless human experiences.If humans spent all their time in the metaverse, a whole generation would have made miracles as great as the real world.The real physical world has always gotten worse.

With the metaverse, humans will be able to live in the future world forever.The last two decades have been an Internet world created by Mark Zuckerberg , Steve Jobs and Bill Gates , Jeff Bezos and Elon Musk.But humans are paying a huge price for the convenience and progress brought over the last two decades.

Inquality has exacerbated the decline of traditional industries, and future economic restructuring is happening first throughout the art world.The future of the Singapore dollar universe will be more complex and subtle, and we can easily live with devices such as VR.

Value measure of the NFT

Things have changed with the digital world.Now, anyone can access your profile on a social network, copy your profile picture, and then steal it.All content can be copied and distributed for free.Now, the NFT is addressing that problem.

Initially, NFT value = public welfare value + ownership scarce value + future value + liquidity premium.At the moment, we see a lot of NFT projects, but what are the core value elements that these buyers are chasing?The first thing is the scarce value.Now the market is not mature, and obtaining "one of the first NFT created by mankind" is obviously of extremely high historical value.This history may be valuable in the distant future.

The NFT market has great potential in bringing value to utilities and as historical assets.But any market should have a reliable infrastructure.Think about the art market.They have existed for centuries, and the actual value of these real-world assets is questionable.Why do people see it as a valuable asset?Mainly because they are unique products.

What is the fair price of the NFT?

All existing pricing models are defined by leading economists without a digital world.Not all of this applies to the digital world, and we need to remeasure them once again.

The NFT can't escape the most classic price model-the price is defined by the market demand of the seller and the buyer.The easiest way is to set a price comparable to similar physical assets.For example, a prominent painter sells their work for $10,000.That could mean that the painter's cast artwork NFT could also be worth $10,000.

The most powerful factors in pricing are market demand, the popularity of the creators, the historical value behind the asset, and its popularity.At the same time, the market is highly dependent on stability and trust.The NFT needs to establish terms and bring digital assets from gray areas into fully legal space.After that, big institutions will see the NFT market as an area of concern.

NFT should be fever.In fact, the high ROI increases visibility, but it also attracts fraudsters and other unreliable project parties, thus reducing trust.The NFT should play a role in logistics, certification, artist reward programs, but this is just the beginning of the journey.

That is why a simple and comfortable user experience is very important.By today, Opensea, Metamask has made NFT popularity easier, but releasing and managing NFT and collectors enjoying their NFT utility remains tedious and barren for artists.As a result, there is still plenty of room for NFT distribution, management, and storage.

*The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of SparkDAO. Every investment and trading move involves risk, you should conduct your own research when making a decision.