1. #NFT valuations are difficult to quantify, especially for #Cryptoart. This is because there is no uniform standard. When limited and rarity attributes are added to NFT, then it will be easier to value and will have better liquidity.
2.Suppose a series of NFT Collectibles, one of which has the highest quality but the most common attribute. One has the lowest quality but has the rarest attribute. Suppose a cryptoart platform randomly adds the rarity attribute to the artwork. How is the market valued?
3.Suppose a limited NFT Collectible is made with no media files and only rarity attributes. You can't right-click to save as a pure NFT. if it was minted by a top artist, it naturally has value. What if it was minted by an ordinary person?
4.The community is one of the keys to the success of crypto projects. As cryptoart is closely linked to the crypto space, artists cannot be separated from the community. The artist's relationship with crypto projects and big collectors are important factors in influencing prices.
5.The crypto space has proven over the years that while quality is important, an active community is even more important, as in the case of Dogecoin. Because the blockchain is open, anyone can fork a project, but it is difficult to fork a community and keep it going for years.
6.I know many artists who just want to focus on the art itself. Valuation based on quality alone is ideal, however this is subjective. Constantly improving quality and building community are two different ways of adding value to NFT, and you can focus on one or both.
7.The early NFT Collectables were of poorer quality and many have died. As artists joined the space, the NFT Collectables became more numerous, but also of better quality. As more similar projects become available, the key to success is the presence of an active community.
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