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RE: LeoThread 2023-12-19 09:05

in LeoFinance5 months ago

Defining Value in NFTs #threadstorm

  1. Firstly, NFTs offer exciting possibilities such as digital ownership, community building The potential for innovation and community building is undeniable.
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  1. The true value of NFTs will be determined by how they evolve and integrate into our digital lives. If they can overcome the challenges and unlock their potential, they might revolutionize the way we create & connect in the digital world.
  1. Expensive assets like artworks or real estate can be divided into smaller NFTs, making them more accessible to a wider range of collectors. This democratizes ownership and potentially increases the overall value of the asset or products.
  1. Creators can program royalty payments into their NFTs, ensuring they receive a percentage of each subsequent sale. This provides a sustainable income stream for artists and musicians.

  1. The NFT market is still young and unregulated, making it susceptible to scams and fraud. Be wary of projects that make unrealistic promises or seem too good to be true. 2024 will be good for the NFTs marketplace.
  1. Overall NFTs are not a guaranteed path to riches, but they do offer exciting possibilities for the future of digital ownership, community building, and creator monetization. So do your plan accordingly about your investment in NFTs.
  1. To learn more about how we can define the value in NFTs, click the link below to replay Salamander's Twitter space.