Читать книгу NFTs For Dummies - Tiana Laurence - Страница 29

Solving problems

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Adding NFT to the mix has changed how people perceive digital collectibles, as evidenced by the intense interest shown in digital collectibles such as CryptoPunks and other NFTs. A digital art enthusiast paid a whopping $69.3 million for the NFT named EVERYDAYS: THE FIRST 5000 DAYS. The Genesis CryptoKitty NFT, the rarest in existence, sold for 246.926 Ether.

The size, scope, and long-term pedigree of these NFTs alleviate fears associated with cryptocurrencies, as the following list makes clear:

 The central issuing authority problem: When digital collectibles are created and issued and the market identifies the rarest or the most popular collectibles, nothing stops the creator from simply creating more. When this happens, it diminishes the value of the original collectibles, potentially making them worthless.

 The provider dependency problem: The existence of a digital collectible is dependent on the presence of the issuing authority. If a digital collectible is created and the initial creator ceases to exist, your digital collectibles also cease to exist. NFTs, on the other hand, live on distributed ledgers that replicate. If the token economics of the blockchain are in line with the network's nodes, your NFT is safe. Most NFTs just contain the smart contract, which in many cases points to a URL (huge risk, since the host could be shut down or the content changes on their end). The image might be too large or it might simply be too tedious to integrate.

 Purpose and function of digital collectibles: Physical collectibles are popular because of their intended purpose. If you collect art, for example, it can be worth a lot of money, and it serves a purpose by hanging on your wall as an item of beauty and status.

With the help of blockchain technologies, these problems have been solved, which has made people far more willing to invest in digital collectibles outside the niche of video games. If NFT digital collectibles hold their value the same way a physical collectible does, an entirely new world of collecting will come to life.

NFTs For Dummies

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