Airdrops, DAOs, token issuance and public domains are the next frontier for NFTs

Airdrops, DAOs, token issuance and public domains are the next frontier for NFTs

Cryptocurrency51 minutes ago (Oct 13, 2021 09:40PM ET)

Volatility continues to be the name of the game for nonfungible tokens (NFT) amid the rollercoaster valuations and volume surges, but a new trend appears to be emerging in the sector.

Aesthetic appeal aside, for many investors, buying an NFT is akin to casting a bait-laden hook into an opaque body of water and hoping that a fish bites. Sure, when the Bored Ape Yacht Club was listed, some buyers thought “They look cool” and “The community is really strong and dedicated,” but these aren’t really hard valuation metrics that can be backtested and applied across most assets in the NFT market.

The Council of Kongz. Source: CyberKongzThe most lucrative NFTs for investors. Source: BrokerChooserCool Cats NFT all-time high price. Source: OpenSeaRecent prices of Bored Ape Yacht Club NFTs. Source: OpenSea

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Airdrops, DAOs, token issuance and public domains are the next frontier for NFTs

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