The first year of 'NFT', from digital assets to cultural heritage

As any asset begins to gain greater recognition and deeper social significance, its value moves beyond primary transactionality to an expression of owner identity, whose value transcends the actual product and becomes the owner's value, As this value is socialized, the community begins to associate the value not only with the product, but with the person as well. This is true in the physical world, where identification with what you have is different from what you rent, rent, or borrow.

However, none of this will happen at scale unless NFTs reach out and are adopted by the wider community. NFT creators and owners certainly know this, they want as many others as possible to enjoy their products and properties and contribute to them, owners want their properties to be known, used, loved, And more and more being regrouped, the fact that NFT content is available to non-owners doesn’t mean there is no value in owning it.

For example, if a non-profit financial instrument was minted for a particular moment, the more appreciated that moment, the greater the value of the asset associated with that moment. In fact, art owners have always benefited from public display and reproduction - because the appreciation of art, media, collections makes them more valuable, because extensive reproduction enhances the status of "authentic" and original, because Universal communication educates the market which contributes to its culture.

Repeatability is a feature, not a bug. As such, NFTs have a vested interest in ensuring that a great third-party consumer experience exists, especially if their ownership is obvious, which can drive more transactions, passion, and participation from creators. Wider distribution would even drive building on own New genres and creations on top of the project, similar to hip hop as a genre and the evolution of EDM from Dance music in Chicago to EDM in Europe, all these remixes will make the original more valuable, but this requires the NFT to be experienced from the start .

Only widespread consumption can further propel NFTs from digital assets to cultural heritage, when we create great applications to share NFTs with this wider group of people, unfortunately those great non-owner experiences are almost non-existent today, For Art and Collecting NFTs so far, the user experience consists of a marketplace, social posts that facilitate sales, some data-driven transaction ranking websites and crypto wallets, we have NFT auctions that act as professional art buyers to provide media, and a system to manage transactions, All of these are for buyers or collectors and investors for bidding and trading, these are not optimized environments to enjoy, and we miss museums, concert halls, theaters, and fashion shows walking down the street.

This article was originally published on the "" public platform, so stay tuned for more in-depth interpretations of the Metaverse.