People say “utility” is what makes your NFTs valuable.
But the word “utility” is too abstract to be meaningful.
What actually gives your NFTs value is “economic return” and “access”.
Economic Return means:
capital gains
revenue
royalty share
commercial reuse rights
rights to make derivatives
airdrops
discounts
Your NFT has value if it gives you these types of economic return
As an NFT Owner, your mindset is “I want more of these”
Access means, you can access:
communities
clubs, backstage
experiences or events
heroes, time with someone
information, “Alpha”
Exclusive merchandise or products
otherwise inaccessible asset classes
Your NFT has value if it gives you access to these things
As an NFT Owner, your mindset is “I must hold these”
[Edit: Check out our follow up post … “What REALLY gives NFTs value?”]
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