Ford Studios is developing a collection of NFTS (Non-Fungible Tokens) for sale from some of the biggest entertainment companies and content creators in the world.
A good NFT project will have a healthy community following them. The ones with the most engagement are usually the projects which will be the most successful. NFTs are more than just owning a piece of art, they are being part of a community, where a culture has been created, and culture creates a following.
Our NFTs are interesting because their uniqueness and ownership can be verified, they can be utilized across applications developed by different companies, and they can be traded easily through secondary markets.
Here are three key factors that one can look at when valuing non fungible tokens (NFTs).
Just like traditional art, our NFTs draw value based on:
- The artist who made it
- The technique involved in making it
- The impact it may have for the user
The Ford Studios community is drawn to our NFTs because of their intrinsic value where the owner of the NFT holds the blockchain proof of ownership. This gives a sense of distinction and determines the premium value of an NFT.
Our NFTs are pursued because they can be useful in other applications.
Such NFTs are more than just collectibles, and can, for example, be used as tokens in games. Owning one of our NFTs may help a gamer gain a key advantage in a virtual land. They can be used to power up characters or introduce new skills. Our NFTs can be traded in secondary markets too.
Our NFTs are tethered to real-world objects, which gives value in terms of tangibility backed by ownership immutability.
In essence, anything can be backed by an NFT to solidify ownership rights, but that does not make the object unique or high-demand.
The underlying value of such an object will be determined by its practicality, scarcity, and the personal satisfaction it gives users.
While our NFTs have become increasingly popular in 2021, our collection continues to evolve and more applications of the technology are introduced. This means our studio of creators and developers will continue to establish different ways to transfer and protect value digitally.