Why can the NFT launched by crypto.com be auctioned for more than ten thousand dollars?

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Avatar for bradshawjovanik
3 years ago
Topics: Cryptocurrency, NFT

The NFT platform launched by the cryptocurrency debit card company Crypto.com officially launched the first batch of products-Aston Martin Cognizant F1 Team NFT.

Earlier on March 2, Crypto.com announced the establishment of a partnership with Aston Martin Cognizant F1 Team and sponsored Aston Martin’s Formula One racing team, which also paved the way for the current NFT sale.

When the NFT goes online, there are 5 moments for everyone to buy. The price is divided into 3 types: 300 USD, 3000 USD and 10,000 USD. The payment method can be credit card or wallet.

Different from the blind box nature of NBA Top Shot, there is no need to wait, you can receive NFT directly after the purchase is completed.

Looking at the NFT categories that are open to the public this year, it can be seen that many companies or projects that have first tasted NFTs are not blindly linked to NFTs, but anchor the value of NFTs in the form of joint names, so that NFTs are recognized. It is getting higher and higher, so there is a rush to buy.

Previously, VaynerMedia CEO Gary Vaynerchuk tweeted: “99% of NFT will not be a good investment. There will be some large-scale collapse in the next 12 to 24 months. Many people will be confused and think this is a fashion. , That’s when it gets great. This will be an interesting decade. This 1% will be the biggest return ever."

I agree with this point of view. Indeed, there are too many NFT collections that follow hotspots on the market. After the hotspots, the value of these NFTs will shrink significantly, but now the proportion of valuable NFTs is gradually expanding and integrating with IP Become a big trend.

In my opinion, the greatest value realized by NFTs is the value transfer of non-homogeneous physical assets and the establishment of personal ownership rights. Now everyone can see that many new and old projects are chasing NFT hot spots and want to integrate with it, but when this hot spot fades? It may be the same as last year's DeFi development path. Most of the hot pursuits will eventually be chicken feathers, and the positive content and some head projects that this concept brings to the industry will last forever.

In fact, this itself is exactly the same as the company. For example, when shared bicycles were the hottest, hundreds of companies that made shared bicycles appeared, and when people really accepted and used it, there were actually only a few companies that could be used by the public. .

The current development direction of NFT is mainly based on cooperation, integration and innovation, such as NBA Top Shot in cooperation with the NBA, fan token CHZ launched in cooperation with football clubs, OVR combined with AR real-world applications, and games introduced on the basis of sandboxes. The Sandbox, the on-chain exhibition platform BCA combined with artworks, DEGO combined with DeFi, and so on.

In the next period of time, I think that the gradual maturity of NFT in the game field will attract some young people to enter. The fun and operability of the game will be an important factor in the NFT out of the circle. The reason why DeFi cannot go out of the circle is because of its The financial attributes are too heavy, and you can only use DeFi applications when you invest in money frequently. NFT is something that takes root in everyone's heart. A painting, a graffiti wall, a toy, etc. are all types of NFT, this human being. The natural judgment ability determines whether it can be used by most people, but the judgment ability is strong or weak.

It is not difficult to see that NFT has driven a new industry direction and promoted the explosion of many high-quality applications and is well-known, but in contrast to these projects, which one is not the accumulation of accumulation after a long period of refinement.

Some hot-spot hype and blindly following projects will eventually end up in a mess. .

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Avatar for bradshawjovanik
3 years ago
Topics: Cryptocurrency, NFT

Comments

I am very interested in the NFT system lately. I got some ideas from your article.

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