“Being the owner of digital millennium falcon will be meaningful and financially impactful”.

In this article we will see what makes an NFT valuable.

SPECULATION:

People buy them because everywhere there is an assumption that in the future people would pay more for them. It is true for most of the blue chip NFTs as we NFTs are in a budding stage. Blue chip NFTs always add value to it.

NFT AS COMMUNITY MEMBERSHIP/ACCESS:

The justifiable reason to buy a Crypto Punk is no that it is a part of internet culture or ‘art’. It is because there are going to be lot of use cases like Messenger Apps, Metaverse World, islands, etc which will only be accessible to the punk or particular NFT holders.

NFTs as a ‘Ticket’ to something special:

There is a major marketing hack which will turn a basic ‘service’ or ‘event ticket’ into a highly speculative asset which meaningfully expands the market of people and dollars who can and would participate. Real world experience can be monetized using NFTs and it might be efficient too.

NFTs as a Rentable Digital Utilities:

As ‘metaverse’ games and spaces become real, people will be buying and then renting digital goods to each other as a business. Clothes, swords, snipes can be a rent-able NFTs in a game like Call of Duty. This is the most obvious ‘Science Fiction’ narrative in the space which is clearly on the path to reality. Being the owner of digital millennium falcon will be meaningful and financially impactful.

NFTs as Cash Flowing Asset/IP:

The most valuable thing in future and always will be owning cash flowing assets. We are going to soon start seeing lots of different people chip away at the idea that an NFT can represent a real world cash flowing asset and that the holder or fractional holder of NFT will make USD as a [art of holding NFT.

NFTs AS ‘SOCIAL CREDIT’/CREDIBILITY:

This is basically of ‘Art Case’ as galleries come online. Owing a particular NFT will be will become a social signal and in turn it will bring digital credibility for the holder of NFT.

All of the above use case will bring value to NFTs.