Follow me on Twitter @ordcryptoguyA crypto collective (NFT), like any other collectible is dictated by the same laws when its value is assessed. The obvious factors such as limited total supply of the collectible type, higher barrier to entry or difficulty to acquire the collectible, as well as having and possessing historical or sentimental value are always present.Instead of attempting to measure these factors, I believe the case for a valuable collectible is summarised beautifully in conversation with a friend who has this to say:\u201cThe people who owned them at the start didn\u2019t necessarily do so because they believed it would be worth a tremendous amount in the future. They owned them because they were enthusiasts about the space, and those are the people who don\u2019t dump supply for a small value. This results in a mismatched supply and demand where supply heavily outweighs demand.\u201dThis idea is almost universal in all collectibles. From Pokemon cards and Baseball cards to vintage cars. The original owners purchased something because it had value to them, not necessarily because it was a speculative investment.\u201cWhen you buy a Crypto Punk or a Cryptokitty, you are not only buying the history but also buying a representation of early enthusiasm. Take comic books for example, when they became popular new prints are not worth as much as early prints because the enthusiasm is not valuable anymore. You have people collecting at cheap prices for the sake of collecting.\u201dThat is not to say that all collectibles launched to specifically be collectibles fail, but many of them do because they lack that true enthusiasm.This really places value of a few NFTs, those collectibles that predate the ERC-721 standard which would hold great historical significance and those that have a strong active community who are genuinely enthusiastic about their collections.The\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Follow me on Twitter @ordcryptoguyA crypto collective (NFT), like any other collectible is dictated by the same laws when its value is assessed. The obvious factors [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5152"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=5152"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=5152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=5152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=5152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}