The Problem

Many people outside the NFT space have their critiques about NFTs. Some say many NFTs aren’t likely to hold value. Some say digital ownership isn’t enough for them. There are critiques to how the files or data are stored. 
Currently, the NFT market has inconsistent market volumes within and between collections and no tangible floor price support. NFTs are purely speculative in their art value, unless backed by services offered by the issuer. 
There are many responses to these critiques, and both sides have their valuable perspectives on the matter. 
A very good example is the CryptoKitties - The first high value NFTs on the market. At one time there was a lot of hype around the collection, where a single NFT cost up to 600 ETH. Over time, the value showed to diminish in certain markets. If NFTs are left as is, it's likely other collections will face similar fates, where many investors left with NFTs without a floor price support.
When considering in-game NFTs - players of game A can not transfer their value to game B, unless they find a buyer for their NFT, if game A is in decline and game B is taking off, owners may feel stuck in game A.  

Executive Summary

The Solution

Last modified 5mo ago

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