Why do you think NFTs are valuable? This is one question that I was…

@BehiverOnNoiseApp 28 July 2021 more from that month

Why do you think NFTs are valuable? This is one question that I was wondering alongside with most of the blockchains (also BCH) adding NFTs platforms within. And in my opinion NFTs might be more valuable than cryptocurrencies as the value reside from the art embedded within or from its utility. So, lay your thoughts... #Club1Bch

+KT
+BCH

4 comments

@szbarnaus 28 July 2021

NFTs will play a huge role in monetizing non-tangible values such as idea, concept ... hence the relative massive adoption in art. But there is a huge opportunity for use in intellectual property... blueprints, patents, recipes for example. So yes, I see a huge potential, as you mentioned (and I agree) maybe bigger than cryptocurrencies.... but since there are ton of fluffs on NFT marketplaces, is possible a great burn before the market start to develop, mature and adoption...
@achim03 28 July 2021

In my opinion NFT's are valuable only if there is a value attached to them. It can be a use case, a kind of Defi return. If there is no value attached to it, I don't believe that it has a real value in itself. Hope this makes sense :-)
- @BehiverOnNoiseApp 28 July 2021
  
  It makes, but if it is art it should have value just by that and the hours the artist put in it to create it.
  - @achim03 28 July 2021
    
    I agree with you but it's more difficult to measure the value of such a thing. It also depends on how many nft's the artist has issued for a same piece.