NFT: when is the value sustainable?

Advantageous usability is the secret.

Non-fungible tokens, or NFTs, are digital assets that exist on blockchain technologies, such as Ethereum, and they represent ownership or proof of authenticity of a unique item or piece of content. NFTs can be anything from digital art, music, videos, virtual real estate, or any other form of unique digital asset.

While the inherent value of NFTs can be influenced by many factors, including rarity, ownership history, and the popularity of the creator, their sustainability is often questioned due to the intangible nature of these assets. However, when NFTs can offer an added value or advantage in the real world, their value is much more sustainable and tangible.

Here are a few ways how NFTs can offer real-world value:

1. Ownership and Royalties: NFTs allow creators and some eligible holders to retain ownership and earn royalties each time the NFT is resold or traded in an identified market. This new earning model can change how artists, musicians, athletes and other creators monetize their work.
2. Access and Experiences: Some NFTs can be used to unlock special access, privileges, or experiences. For example, owning an NFT could give someone VIP access to concerts, sports events, early access to new releases, or participation in exclusive online experiences. This creates more demand and, consequently, more value for these NFTs.
3. Physical Assets: NFTs can also represent ownership of physical assets. This could be anything from real estate, collector’s items, or even bespoke physical goods. This linkage to the tangible world can help ensure value in the NFT market. Of course, the same NFTs can be used as a gateway to get all the above at a particular discount or special conditions.

Now, let’s touch briefly on Spontaleza, the community-driven initiative that uses blockchain technology and smart contracts to generate unique young talents’ NFTs Card Collections.

Not just for gaming or collecting.

One of the goals of Spontaleza is to boost the value of NFTs by consistently creating numerous opportunities for their use in real-world contexts. This approach facilitates an increased utility of NFTs beyond the digital sphere, potentially enhancing their demand and market value. This confluence of digital and physical worlds through Spontaleza architecture seems to be the key that offers a promising and innovative trajectory for the future sustainability and growth of the NFTs collections generated by the platform.

Indeed, NFTs hold a dynamic range of possibilities beyond their traditional roles as collectables or digital assets for the featured upcoming soccer management game on the platform. They serve as a powerful conduit that seamlessly connects the digital and physical realms, thus enabling users to reap real-world benefits and experiences. This transformative potential allows NFTs to be more than just digital assets; they become interactive keys that unlock access to a wide array of perks, rewards, and unique experiences, thereby elevating their value and usability in both digital and real-world contexts.

Real-world or Metaverse events

For example, if Spontaleza were to use NFTs as tickets to these events, these tokens could have significant value, especially if the events are popular or exclusive. The NFT could serve as both proof of access and a digital memento from the event. This demonstrates how NFTs can generate sustainable value by connecting the digital and physical world through experiences and community interactions.

What scenarios can we expect?

The way a well-managed platform drives all features to intersect is the key to creating a comprehensive user experience. Following that, the value of NFTs could potentially be quite substantial.

Here’s how that might look:

Intersecting Features: By integrating features like virtual worlds, social networking, marketplaces, and more, the platform can create a rich ecosystem where each aspect enhances the others. For example, social features can help to boost the request of a particular NFT, while the marketplace allows for easy trading and buying. The addition of virtual worlds and gaming elements provides the space where these NFTs can be used and showcased, driving up demand and value.

Usability: A well-designed platform focusing on usability can attract a larger user base and drive up demand for the listed NFTs. This includes easy-to-use interfaces, clear information about the featured collections and their potential value, and strong customer support. Usability also involves making the platform easily accessible to those who are new to the crypto world, removing barriers to entry and increasing the potential market for NFTs.

Innovation: Continual innovation is another key aspect. A platform that consistently introduces new features, improves existing ones and stays ahead of market trends will be more likely to retain its user base and attract new users.

Community Building: A platform that fosters a strong sense of community can also help sustain demand for its NFTs.
This is fundamental to Spontaleza, as the ethical soul that permeates the entire project is the flagship that wants to pave the way for something not acutely seen in the landscape of digital platforms. A vibrant community can lead to more trade and higher demand, increasing the value of NFTs and helping to ensure that all users, athletes, and their families benefit.

Governance: Lastly, the platform could allow for some layers of user governance, which could also increase the value of its NFTs. Giving users a say in the platform’s dynamics can increase user investment in the platform’s success and create a more democratic and sustainable ecosystem.

In such a scenario, NFTs on the platform could not only represent ownership of a digital asset but also provide access to the platform’s features, participation in its community, and a say in its future. This can lead to a higher perceived value for the NFTs and drive demand. However, this also requires careful management and innovation from the platform, as well as an understanding of both the crypto market and the platform’s user base.

You can get more information on the Spontaleza project here.
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