1/ Some people may argue that NFTs' value is transient, while others find them a lasting investment.
08 Dec 2023, 14:51
1/ Some people may argue that NFTs' value is transient, while others find them a lasting investment.
The truth lies in their adaptability, uniqueness, utility and the continued demand for unique digital assets.
Let's explore their value in 2023 in this thread 🧵👇
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508 Dec 2023, 14:51
6/
NFTs have shown the potential for value retention in 2023, their sustainability depends on several factors.
Understanding the market dynamics and the intrinsic value of the digital asset attached to the NFT remains crucial for investors ✌️
NFTs have shown the potential for value retention in 2023, their sustainability depends on several factors.
6/
NFTs have shown the potential for value retention in 2023, their sustainability depends on several factors.
Understanding the market dynamics and the intrinsic value of the digital asset attached to the NFT remains crucial for investors ✌️
08 Dec 2023, 14:51
5/
The underlying technology of NFTs holds promise beyond speculation!
They provide ownership for #digitalassets, opening doors for creators, collectors, and businesses in various industries 🔥
The underlying technology of NFTs holds promise beyond speculation.
5/
The underlying technology of NFTs holds promise beyond speculation!
They provide ownership for #digitalassets, opening doors for creators, collectors, and businesses in various industries 🔥
08 Dec 2023, 14:51
4/
Fluctuations in the #crypto market and changing trends in the #NFT markets can affect the perceived value of NFTs.
However, the NFT revenue in the U.S. market is expected to reach $781.9 million by the end of 2023, with an annual growth rate of 18.55% from 2023 to 2027 🤯
Fluctuations in the #crypto market and changing trends in the #NFT markets can affect the perceived value of NFTs.
4/
Fluctuations in the #crypto market and changing trends in the #NFT markets can affect the perceived value of NFTs.
However, the NFT revenue in the U.S. market is expected to reach $781.9 million by the end of 2023, with an annual growth rate of 18.55% from 2023 to 2027 🤯
08 Dec 2023, 14:51
3/
This explains why brands such as @Nike and @gucci are increasingly experimenting with NFTs for:
🤝 Loyalty programs
✅ Special access experiences
😍 Bonus content tied to an event
This explains why brands such as @Nike and @gucci are increasingly experimenting with NFTs for:. Loyalty programs.
3/
This explains why brands such as @Nike and @gucci are increasingly experimenting with NFTs for:
🤝 Loyalty programs
✅ Special access experiences
😍 Bonus content tied to an event
08 Dec 2023, 14:51
2/
The sale of a rare @cryptopunksnfts or a high-profile artist's digital artwork still holds command significant value in 2023.
Additionally, exclusive #NFT drops from popular brands or musicians continue to attract attention and value
The sale of a rare @cryptopunksnfts or a high-profile artist's digital artwork still holds command significant value in 2023.
2/
The sale of a rare @cryptopunksnfts or a high-profile artist's digital artwork still holds command significant value in 2023.
Additionally, exclusive #NFT drops from popular brands or musicians continue to attract attention and value