Why Do NFTs Have Value?
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In this episode, another viewer asks the question, “Why do NFT’s have value?” Will, from bees.social, starts the explanation by saying that the community behind the NFT gives value by first buying the NFT’s for a price that sets the initial value. He further explains that the NFT may be backed by an Ethereum asset known as an ERC721 and when the ERC721 goes up in value, the NFT also goes up in value. Ray, also from bees.social, then explains that there are other factors in the NFT crypto space that help give NFT’s value such as the actual artwork, the use case, previous ownership of the NFT, and the liquidity of the NFT.
0:00 - 0:11 Intro
0:12 - 1:07 Why Do NFT’s Have Value?
1:08 - 2:09 Factors That Give NFT’s Value
On January 29, 2021 BEES SOCIAL was launched. Bees Social was created to revolutionize the way companies take their ideas public. https://Bees.Social is a neutral platform where all are welcome to come and learn about new projects from the founders themselves. The door will be open for individuals or groups of people.
Just imagine the Swarm will be like a Venture Capitalists Firm on steroids of real everyday people around the world. The Swarm will dictate what project they would like to see and are interested in. The Companies will get a real feel of the market that is receptive to their concept.
What is Venture capital (VC)? Venture capitalists invest in infant companies in exchange for an ownership in the company. Before Bees Social this opportunity was open just for a select few. It will not matter where an individual takes part of the Swarm whether an individual is in New York City USA or in Lagos Nigeria.
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"We are a community of retail investors that are educating themselves, supporting others, and profiting from cryptocurrency investing. We're normal people seeking to take control of our personal finances... we are growing significantly, by inviting friends and family to join us and learn about the cryptocurrency ecosystem."
Why BEES.Social
"We are not an investment group, nor are we day-traders... as a community we recognize that effective communication, respect, transparency and sharing of information builds a strong community... to that end, we are a group that has invited friends and family to participate, so we can grow together..."
#NFTs
#M2Cash
#CryptoTips
#CryptoSwarm
#BeesSocial
#BeesSocialTV
#DataDash
In this episode, another viewer asks the question, “Why do NFT’s have value?” Will, from bees.social, starts the explanation by saying that the community behind the NFT gives value by first buying the NFT’s for a price that sets the initial value. He further explains that the NFT may be backed by an Ethereum asset known as an ERC721 and when the ERC721 goes up in value, the NFT also goes up in value. Ray, also from bees.social, then explains that there are other factors in the NFT crypto space that help give NFT’s value such as the actual artwork, the use case, previous ownership of the NFT, and the liquidity of the NFT.
0:00 - 0:11 Intro
0:12 - 1:07 Why Do NFT’s Have Value?
1:08 - 2:09 Factors That Give NFT’s Value
On January 29, 2021 BEES SOCIAL was launched. Bees Social was created to revolutionize the way companies take their ideas public. https://Bees.Social is a neutral platform where all are welcome to come and learn about new projects from the founders themselves. The door will be open for individuals or groups of people.
Just imagine the Swarm will be like a Venture Capitalists Firm on steroids of real everyday people around the world. The Swarm will dictate what project they would like to see and are interested in. The Companies will get a real feel of the market that is receptive to their concept.
What is Venture capital (VC)? Venture capitalists invest in infant companies in exchange for an ownership in the company. Before Bees Social this opportunity was open just for a select few. It will not matter where an individual takes part of the Swarm whether an individual is in New York City USA or in Lagos Nigeria.
BEES.Social is the #1 Crypto Education System in the World For Everyday People!
For more videos watch this playlist:
BeesSocialTV
https://www.youtube.com/playlist?list=PLT3ArNsa9k19YcQ8G-2Y6y0fq8OYb5ld5
For more videos watch this Twitter Moment:
https://twitter.com/i/events/1457700673575923714
Please subscribe to this channel:
BeesSocialTV
https://www.youtube.com/c/BeesSocialTV/
Learn more about DeFi Yield Farming Crypto http://Yield-Farming-Crypto.farm
https://www.youtube.com/playlist?list=PLT3ArNsa9k19UeQ5RLppkhkhHCKFOKZyV
For more info:
https://www.facebook.com/groups/beessocalforyou
https://t.me/Bees_Social
https://BeesSocialTV.com
https://twitter.com/Crypto_Swarm
https://www.linkedin.com/company/cryptoswarm/
https://vimeo.com/beessocial
https://www.reddit.com/user/BEESSocial
https://podcasts.apple.com/us/podcast/the-swarm-unplugged/id1563240346
https://medium.com/opes-dot-finance
Who is BEES.Social
"We are a community of retail investors that are educating themselves, supporting others, and profiting from cryptocurrency investing. We're normal people seeking to take control of our personal finances... we are growing significantly, by inviting friends and family to join us and learn about the cryptocurrency ecosystem."
Why BEES.Social
"We are not an investment group, nor are we day-traders... as a community we recognize that effective communication, respect, transparency and sharing of information builds a strong community... to that end, we are a group that has invited friends and family to participate, so we can grow together..."
#NFTs
#M2Cash
#CryptoTips
#CryptoSwarm
#BeesSocial
#BeesSocialTV
#DataDash
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