NFT

Interesting topics that are increasingly being discussed on various social media, ranging from the death of NFT in the future to becoming an investment field. All of this cannot be separated from the increasingly complex human needs of today.

It sounds strange if young people haven't heard of Ghozali's NFT every day, which has emerged recently, it is an example of an NFT that has an interesting history behind its photos. We will discuss them one by one in the current session.

Before the author describes about NFT that the author has studied, allow the author to express the author's opinion about it, maybe a little different from what you hear in various other media but whether it is good or not depends on the point of view of the viewer/reader. Let's discuss together.

What is NFT?

NFT is a digital asset that is stored in the blockchain, like the skin of mobile legends, we all say that digital assets do not have physical form but have value.

We break down one by one:

Fungible = can be broken down but still has the same value example 100 money is split into 50.50 the value remains the same 100

Non fungibile = cannot be exchanged

Non-fungible token assets = unique because there is only 1 in the world

Token = Digital certificate i.e. blockchain Example : The house that oversees the certificate is the government. The NFT that oversees the certificate is a blockchain, so in a nutshell Blockchain is like a government.

Art is the most popular form these days. Art is the hallmark of an NFT. Through art all artists have the opportunity to sell their best work.

Why can NFT be expensive?

The value given indicates how expensive the NFT is. Many other projects only offer the quality of the art but the results are not enough to make an NFT work expensive.

No wonder the community can make NFT works expensive. One of them is the Bored Ape Yacht Club or what we often call the NFT Monkey. How not only certain people can enter the community, one of which is Justin Bieber.

The usefulness of an art is also a value in itself, the high cost of an NFT work, for example, NFT food is certainly a market for everyone who owns a restaurant in this world. Moreover, if the NFT is long in the restaurant, it certainly increases the value of the restaurant itself.

Of course, we call all NFT works limited or only 1 in the world. What is meant here is limited from a work of art that is quite a lot. How many of us see the prices at Opensea are different, even though they are still in the same community, that's because only a very few stocks are issued like the art.

It has become a natural thing for a price from a history. As we know that the expensive Monalisa painting is due to the story and history behind the picture. Moreover, it is supported by the creator, namely Leonardo Davinci, which makes it bloom everywhere.

Scarcity is an important thing in assessing the expensiveness of a work. Many works are circulating in the Opensea market place and there are many unique and funny works. But what is meant here is rare in human reason or what we call strange. Maybe it can't be described in detail but the author hopes that the reader understands what is meant.

NFT Becomes Investment Field

Will NFT be an investment field for all people? Let's look back.

If we look at the beginning of the rapid development of NFT in late 2021, all attention is focused on creators and artists.

Currently, everyone is competing to create an NFT project, but it is very shallow if a project is without a community. Maybe there is a success but very little.

Counting the count of a businessman of course always relates it to time, how long this asset will last. Again NFT answers this problem, maintaining an identity makes this technology more visible to the world.

There is a privilege given by the world community to NFT technology, namely its relevance to human life (needs).

This is the reason why NFT is made into an investment area. According to the author, people should see this. That's the only research argument from the author.