NFT: Value Discovery or Value Bubble?
As an important form of digital assets empowered by blockchain, NFTs have experienced a volatile period from frenzy to adjustment, sparking ongoing discussions about "value discovery or bubble."
From the perspective of value, NFTs endow digital content with uniqueness and scarcity, enabling on-chain verification and trading of assets across multiple fields such as artworks, game items, and virtual real estate, thus opening up new models for the digital economy. This is the fundamental value of NFTs.
However, a large amount of speculative behavior in the market has led to significant fluctuations in NFT prices, with the emergence of "shell" projects that lack actual value support. The phenomenon of high premiums and the harvesting of investors in the short term have intensified external doubts about the bubble of NFTs.
True value discovery requires time and ecological accumulation. In the future, NFTs are expected to play a greater role in fields such as copyright management, identity verification, and virtual social interactions, forming a multi-dimensional value chain.
Therefore, NFTs are neither a simple bubble nor a panacea. They are more like a technological form in a period of value incubation, requiring users and the market to collaborate and adapt in order to achieve sustained and healthy development.
