Module 4: Does an NFT Have Value?

Watch a 60 secs video if you don’t feel like reading.

Full Explanation

So what dictates the value behind an NFT? Well, the simple answer is project incentives, aka utilities. NFT utilities are what potential holders (owners) are looking for in a project, because it show what type of valuable return they should expect back from the project by being a holder. Incentives can be passive income, private parties, early access to games or platforms. The possibilities are numerous. Our best advice before buying an NFT is to talk with the team and understand their future plans, view any breakdown on how they will fulfill their utility promises, and does it sound feasible. Finally, make sure the project utilities will ultimately benefit you and worth your investment.

Likewise, if you are attempting to sell an NFT, you may feel it is worth more than what is being asked. So, you’ll need to make a choice on what you’ll do.

Proceed to Module 5: How Do You Buy an NFT?